Question
Which of the following is true regarding the General
Insurance Business (Nationalization) Act, 1972?Solution
The General Insurance Business (Nationalization) Act, 1972 was passed by the Indian Parliament to nationalize all general insurance companies operating in India. The act led to the creation of four public sector general insurance companies: National Insurance Company Limited, New India Assurance Company Limited, Oriental Insurance Company Limited, and United India Insurance Company Limited. The act did not allow for the entry of private players into the general insurance sector in India. The concept of third-party insurance was not abolished by the act. Hence, option A is correct.
The ratio of A to B is 3: 4 and that of B to C is 1: 2. If B equals 720, A equals
If the third proportion of 16 and 20 is “0.5k”, then find the value of (k − 20) : (k + 10).
If A : B = 7:4 and A is 18 more than B then find the sum of A and B.
A sum of money is divided in the ratio of 5:9. If the smaller part is 405. Find the larger part.
Two numbers are in the ratio 6:5. After adding 2 and 4 to them respectively the ratio becomes 2:3. Find the bigger number.
What is the fourth proportional to 3, 8, 15?
A box contains the coins of 5p, 10p and 25p are in the ratio 3:4:6. If there is Rs. 82 in all, how many 10p coins are there?
The price of sugar is increased by 15%. If the expenditure is not allowed to increase, the ratio between the reduction in consumption and the original c...
The ratio of two numbers is 5:9. 150% of the first number is equal to the 80% of the second number. Find the sum of both numbers.
The ages of A, B and C are in the ratio of 5:4:8 respectively. If the sum of their ages is 51 years, then find the age of B.
