Question
Which Insurance company had launched Pru GIFT Pro, which
provides customers the option to receive a year-on-year increasing income or a constant regular income?Solution
ICICI Prudential Life Insurance has launched an income plan, ICICI Pru GIFT Pro, which provides customers the option to receive a year-on-year increasing income or a constant regular income. The life cover part will provide financial security to the family. ICICI Pru GIFT Pro offers a range of premium payment terms from 5 to 12 years. The plan, aimed at providing its customers some cushion during inflation, will start giving them income for as long as 30 years from the eighth year onwards. Thereby, the product will help to meet both short- and long-term income needs of its clients.
A firm’s EBIT is ₹5,00,000, interest expense is ₹1,00,000. What is the Degree of Financial Leverage (DFL)?
"Window Dressing" in accounting refers to:
The difference between the total debits and total credits of an account is called:
The law of demand states that, other things being equal:
Prepaid Rent appearing in the Trial Balance is treated as:
Which accounting principle/concept states that revenue should be recognized when it is earned, regardless of when cash is received?
The "Matching Principle" requires that:
The primary objective of financial accounting is to:
Goodwill is a/an:
If an asset is purchased for ₹1,00,000 with a residual value of ₹10,000 and a life of 9 years, the annual depreciation under the Straight Line Metho...
