Question
A pharma company spends ₹50 crore on early-stage drug
molecule research (feasibility not established). Later spends ₹30 crore proving commercial viability and securing regulatory approval. How should costs be treated?Solution
Research phase = expense (knowledge creation, feasibility uncertain). Development phase (technical feasibility, intent to use, future benefits probable) = capitalise. Hence expense ₹50 crore, capitalise ₹30 crore.
Nethanna Ku Bima insurance scheme is related which of the following state?
The 'Insured Declared Value' (IDV) of a vehicle refers to its:
Agriculture Insurance Company of India Limited was incorporated with an authorised share capital of INR ______ billion.
Which type of insurance usually requires higher premium ?
What percent of shareholding is under National Bank for Agriculture and Rural Development (NABARD) in Agriculture Insurance Company of India Limited?
2000 factories require a Sum Insured of Rs.10 crores each. Statistically, we know that 2 factories get destroyed by fire each year. However, we do not ...
What is the purpose of a "loss adjuster"?
As per current norms in India, what is the maximum limit of No Claim Bonus (NCB) in percentage?
In which year General Insurance Corporation of India ( GIC ) notified as the Indian Reinsurer?
What is a life insurance policy that remains in force for the policyholder’s lifetime?
