Question
Insurance firms have to obtain prior approval from which
organization to launch new products?Solution
In a bid to empower insurance companies to respond to the emerging market needs in terms of products, the Insurance Regulatory and Development Authority of India (IRDAI) extended the “Use and File” procedure to all health insurance products and most general insurance products under, fire, motor, marine, and engineering. Currently, insurance firms have to obtain prior approval from the insurance regulator to launch new products.
Indian Insurance Co. Ltd. on 31.12.20X1 had reserve for unexpired risk of 20 crores in respect of fire insurance business. During 20X2, the premium col...
Who is the regulator of the corporate sector?
 Agent should not deal on his own account without first obtaining the consent of the principal, otherwise the principal may—
Assuming that the discount rate is 7% per annum, how much would one pay to receive ₹500, growing at 5%, annually, forever?Â
With respect to working capital operating cycle, which of the following statement is incorrect?
In relation to Financial Management, which of the following statements are correct?
(i) Financial Management as the name suggests is the manageme...
Under Section 8OU, total deduction to be allowed in case of an individual having severe disability is ________.
The financial statements of the company are approved by ____________ before signed by the chairperson/MD/CEO/directors of the company.
Which of the following is NOT classified as a financing activity under AS 3?Â
Company signs a ₹12 crore contract to deliver a software + annual maintenance for 3 years. Software is delivered in year 1 (₹8 Cr value), rest alloc...
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