Question
Which of the following is true regarding insurance in
India? 1)Â Â Â The Insurance Act, 1938 regulates the insurance sector in India. 2)Â Â Â The Life Insurance Corporation of India is the largest public sector insurance company in India. 3)Â Â Â The non Life insurance sector in India is also called as general insurance. ÂSolution
The Insurance Act, 1938 is the primary legislation that regulates the insurance sector in India. It governs the establishment, functioning, and management of insurance companies in India. Additionally, the Life Insurance Corporation of India (LIC) is a public sector insurance company and is the largest insurance provider in India but not the only public sector one.
Which is not a method of overhead apportion mechanism?
Under Priority sector lending, the sub-target for domestic scheduled commercial banks, to lend to micro enterprises is ______
The 'Depository' in the Indian capital market (like NSDL or CDSL) holds securities:
The rate of TDS for Rent of Land and Building, Land appurtenant to a building is:
A company issues 10,000 shares at ₹100 each at a premium of ₹20. ₹80 (including premium) is received on application. How is the premium accounted?
Which of the following factors are likely to act as an obstacle for India to be a part of the global assembly chain for the Networked products?
Company had opening deferred tax liability (DTL) ₹50,000. Due to tax rate change enacted after reporting date, DTL must be remeasured to ₹45,000. Th...
A project has an expected NPV of ₹5 crore, a standard deviation of ₹2 crore, and a coefficient of variation of 0.4. If the company has another proje...
The Risk-Based Internal Audit (RBIA) system is mandated for
Which of the following statements about consolidated goodwill is true?
