Question
Parent Ltd. owns 80% of Subsidiary Ltd. The subsidiary
reports a profit of ₹10 lakh during the year. How much of this profit should be added to consolidated net income?Solution
80% of profit (₹8 lakh) is attributed to holding company; 20% (₹2 lakh) goes to non-controlling interest (minority interest). Only the parent's share is included in consolidated profit.
What is meant by customer lifetime value?
The Public Sector Insurance companies in India include:
Which of the following are authorized only to maintain the policies in electronic form and provide a service record of all insurance policies?
In which of the following year the Insurance Amendment Act abolished Principal Agencies?
Which of the following is NOT a factor considered in a "burning cost" analysis?
An adjustable life insurance under which premiums and coverage are adjustable, company’s expenses are not specifically disclosed to the insured but a ...
Coverage against loss through stealing by individuals not in a position of trust is called?
The New India Assurance Co. Ltd. was a subsidiary of which of the following company?
Contract under which the ultimate liability of the reinsurer is capped and on which anticipated investment income is expressly acknowledged as an underw...
The Life Insurance Business is defined in which section of the Insurance Act, 1938?
