To make surety bond business more attractive, the government is going to make relevant changes in the Insolvency and Bankruptcy Code (IBC) to consider insurers as financial creditor in case of default of infra projects. The surety bond issued by a general insurance company is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee). The surety is a company that provides the financial guarantee to the obligee (usually a government entity) that the principal (business owner) will fulfil their obligations. The Ministry of Corporate Affairs is looking into concerns raised by the insurers that they should have resort to recovery on par with the banks as forwarded by the Department of Financial Services under the finance ministry. Thus, relevant changes would be made in IBC to provide financial creditor status to the insurer under the resolution process.
Three statements are given followed by two conclusions numbered I & II. Assuming the statements to be true, even if they seem to be at variance with co...
Statement:
Some A are B.
No B is C.
Conclusion:
I. Some A are C.
Read the given statements and conclusions carefully. Assuming that the information given in the statements is true, even if it appears to be at varianc...
Statements:
Some Mountains are not Rivers.
All Rivers are Hills.
Only a few Hills are Oceans.
Conclusions:
<...Statements:
Only a few A is B
No B is C
Only a few C is D
Some D is E
Conclusions:
I). No A is C
...In the given question, three statements are given each followed by two conclusions I and II. You have to consider the statements to be true, even if th...
Statements:Some fishes are octopus.
All octopuses are crocodiles.
Some crocodiles are families.
Conclusions:I. some crocodiles are ...
Statements :
No paper is a book.
All books are copies.
Some copies are pages.
No page is a letter.
Conclusion :
In the question below some statements are given followed by three conclusions I, II and III. You have to take the given statements to be true even if t...
Which of the following statements is/are true regarding K?
