Question
When an insurer pays your claim for a damaged item and
then takes possession of it for resale to offset its loss is called?Solution
Salvage refers to when the partly damaged goods or any machinery or any other property settled on total Loss basis is known as āSalvageā. After the claim for the full amount the salvage becomes the property of the insurance company.Ā It is mandatory to transfer all rights, ownership, and interest of the damaged cargo to the insurer, after which the insurer becomes the owner of the damaged goods.
Which of the following is not one of the pillars of Basel III?Ā
The most active segment of the Money Market in India is which one of the following?
Which institution is the most important constituent of Indian money market?Ā
GAAP stands for?Ā Ā
In case of a 'put option' when the strike price is above the spot price, the option is -
A company has 10 million shares of face value Rs.10 each, issued in the market. The current book value of the share is Rs.30 and market price is Rs.50...
The credit information companies (CICs), or credit bureaus are regulated by _____________
Which of the following is incorrect about FIMMDA (Fixed Income Money Market and Derivatives Association of India)?
i. It is created under FIMMDA...
Who regulates Indian Corporate Debt Market?
Which state has the highest contribution in the record GST collection in Apr 2022?
