Start learning 50% faster. Sign in now
According to Section 42 of the Reserve Bank of India Act, 1934, each scheduled commercial bank has to maintain a minimum cash balance with the Reserve Bank as cash reserve ratio (CRR) which is prescribed by the Reserve Bank from time to time as certain percentage of its net demand and time liabilities (NDTL) relating to the second preceding fortnight.
Commercial coverage against losses resulting from the failure of business debtors to pay their obligation to the insured, usually due to insolvency is t...
What is a quota share treaty?
Insurance that pays claims arising out of incidents that occur during the policy term, even if they are filed many years later is known as?
A coverage that protects businesses engaged in electronic commerce from losses caused by hackers is termed as?
What is the ceiling of annual premium in a Micro Variable Insurance Product?
Which of the following is a public sector general insurance company in India?
Insurance premiums are payable in advance but the insurance company does not fully earn them until the policy period expires is termed as?
Failure to disclose material facts can make the policy:
The General Insurance Business in India was nationalized in which year?
The Insurance Act has __________sections and ______ schedules.