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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.
__________ and Federal Bank will partner with association of microfinance institutions Sa-Dhan and Delhi-based fintech solutions provider NextGen to pro...
Goldman Sachs Group Inc. slashed India’s growth outlook to ______ for fiscal year to March 2023.
How has the sovereign gold bonds (SGBs) scheme impacted India's gold import bill in the financial year 2023-24?
The Ministry of Defence signed a contract with Chowgule & Company Pvt. Ltd. to procure which type of vehicle for the Indian Coast Guard?
Indian Navy’s stealth frigate INS Tarkash, visited Djibouti as part of her long range overseas deployment followed by Maritime Partnership Exercise wi...
Consider the following statements about Mount Vinson:
1. Recently, Kerala government employee Shaikh Hassan Khan has climbed Mount Vi...
What is the projected credit growth goal for MSMEs between FY24-27?
Which city holds the 'Guinness World Record' for the largest number of people gathering for a yoga session, at the state level?
Consider the following statements regarding Reserve Bank of India's bi-monthly Inflation Expectations Survey of Households (IESH) -
I.The Reserve...
Who inaugurated the women labourers convention organized by the Kerala unit of BMS in Thiruvananthapuram?