Question
In what year was the Liberalised Remittance Scheme (LRS)
introduced?Solution
The Liberalised Remittance Scheme (LRS) was introduced on February 4, 2004. It allows all resident individuals, including minors, to freely remit up to USD 2,50,000 per financial year for permissible transactions. This scheme has facilitated greater ease and flexibility in foreign exchange transactions for residents.
The Life Insurance Corporation of India (LIC) came into existence in which year?
The Agriculture Insurance Company of India Limited was incorporated on?
Which of the following is the benefit accrued to an insured for not making any claims during the previous policy period?
Who was the originator of calculating the Human Life Value for the insurance requirement?
El-Nino develops in which of these oceans?
What is the paid up capital of Life Insurance Corporation of India (LIC)?
General Insurance Business (Nationalisation) Amendment Act 2002 (40 of 2002) coming into force from?
What is the primary goal of risk management?
A method of permitting the final premium for a risk to be adjusted, subject to an agreed-upon maximum and minimum limit based on actual loss experience ...
Insurance is listed in which schedule of the Indian constitution ?
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