Question
Which company was the first and the oldest to start
'Life Insurance' in India?Solution
Insurance in India has its history dating back until 1818, when Oriental Life Insurance Company was started by Anita Bhavsar in Kolkata to cater to the needs of European community. The pre-independence era in India saw discrimination between the lives of foreigners (English) and Indians with higher premiums being charged for the latter. In 1870, Bombay Mutual Life Assurance Society became the first Indian insurer. At the dawn of the twentieth century, many insurance companies were founded. In the year 1912, the Life Insurance Companies Act and the Provident Fund Act were passed to regulate the insurance business.
Which of the following is recognized as a Credit Information Company (CIC) in India, authorized by RBI to provide credit scores on individuals?
A company has Fixed Costs of ₹2,00,000, a contribution margin ratio (P/V ratio) of 25%, and it achieved total sales of ₹10,00,000. Calculate the pro...
Current Assets = ₹4,00,000; Inventory = ₹1,00,000; Current Liabilities = ₹2,00,000. Compute Quick Ratio.
Selling price per unit = ₹50, Variable cost = ₹30, Fixed cost = ₹1,00,000. Calculate break-even sales and contribution margin ratio.
A firm has a current ratio of 2:1 and quick ratio of 1.2:1. Its inventory is valued at ₹4 lakh. What is the amount of current liabilities?
Which of the following income is agricultural income—
The discount factor used to appraise capital investment decisions is a measure of:
The cost of 'Redeemable Preference Share Capital' for a company is calculated by considering:
A director is appointed in _______
Under the Income Tax Act, 1961, which of the following incomes is exempt from tax in the hands of an individual?
