What is the purpose of the Motor Vehicles Act, 1988 with respect to insurance?
The Motor Vehicles Act, 1988 makes third-party liability insurance mandatory for all motor vehicles in India. Third-party insurance covers the policyholder against any liability arising from injuries or damages caused to a third-party in case of an accident. The insurance covers the liability of the policyholder towards third parties, but not the policyholder's own damages. The purpose of the Act is to ensure that victims of road accidents are provided with adequate compensation and that the responsibility of the person causing the accident is established. Hence, option B is correct.
What percentage of reservation has been approved by the Bihar cabinet, including a 10% quota for Economically Weaker Sections?
Consider the following statements about Tribunals in India:
1. Supreme Court recently clarified that tribunals functioning under th...
Consider the following statements regarding ‘Social Cost of Carbon (SCC)’?
1. It is the economic damage that would result from emitting one a...
The part in Indian Constitution, which contains the Fundamental rights, is
Identify the financial Institution that has launched Care for Hockey campaign?
What does the Gelephu Smartcity Project in Bhutan aim to connect through its international city along the Assam border?
The ‘INSPIRE’ program extends the existing perks, including preferential interest rates, priority banking services, and doorstep banking facilities,...
Super Retailer Power Programme has been launched under the Skill India Mission.Which of the following statements is/are incorrect with respect to the ab...
How is India contributing to Sri Lanka's digital identity project?
Which of the following statements about REC's recognition and awards is/are correct?
1. REC Limited received the 'Innovative Technology Developme...
