Question
Following the decision by the Insurance Regulatory and
Development Authority of India (IRDAI), what is the revised minimum capital requirement for Foreign Reinsurance Business (FRBs)?Solution
The Insurance Regulatory and Development Authority of India (IRDAI) has chosen to lower the minimum capital requirement for Foreign Reinsurance Business (FRBs) to Rs 50 crore from Rs 100 crore. This amendment is among other revisions in the reinsurance segment aimed at positioning India as a global insurance hub.
Offences Committed under the Negotiable Instruments Act can be ________.
For the financial year ended 31st March 2023, the figures extracted from the balance sheet of ABC Ltd. are as under:
Opening stock 29,000 Closing...
What best describes a Bank Guarantee?
The 'Wealth Maximization' objective of financial management is considered superior to 'Profit Maximization' because it considers:
What is the minimum duration for which a small account can remain operational after opening without furnishing an Officially Valid Document (OVD)?
Under the PMEGP scheme, what is the maximum project cost permitted in the manufacturing sector?
A company reports an Earnings Before Interest and Tax (EBIT) of ₹6,00,000. It pays annual interest of ₹1,00,000 on its borrowings. The applicable co...
Which of the following is NOT a direct party to a Letter of Credit (LC)?
The Going Concern concept assumes that the business:
The price sensitivity of the market is an important factor of ________ element of micro environment.
