Question
What is the difference between life insurance and
general insurance in India?Solution
Life insurance and general insurance are two different types of insurance in India. Life insurance covers risks related to death and disability, while general insurance covers risks related to property, health, and other types of risks. Life insurance is generally a long-term contract and provides a lump-sum payment to the beneficiaries in case of the policyholder's death or disability. General insurance, on the other hand, is a short-term contract and provides compensation for losses or damages caused by unforeseen events like accidents, thefts, natural disasters, and other similar risks. Hence, option A is correct.
Which of the following is an example of capital expenditure?
Which of the following statement is incorrect?
Depreciation is applicable to:
SA 700 guides auditors on forming an opinion and reporting on financial statements. When an unmodified opinion is given, the report must include a secti...
When a bank chooses the wrong strategy or follow a long-term business strategy which might lead to its failure, it is called
Which of the following is true about stock options granted to employees (share-based payments) under Ind AS 102?
Omega Ltd. has idle capacity and receives a special export order for 2,000 units at ₹420 per unit. Normal price = ₹500. Unit variable cost = ₹350....
Which banking transaction involves the transfer of funds from one bank account to another electronically, often used for paying bills or making purchases?
A firm extends credit from 30 to 60 days to push sales, increasing receivables by ₹5 crore. Cost of capital is 12%. What is the annual carrying cost?
What are the reasons for differences between the bank balance and book balance?
