Question
A form of whole-life insurance with a predefined number
of premiums to be paid is known as?Solution
Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured. The insurance company promises a death benefit in consideration of the payment of premium by the insured with a pre-defined number of premiums.
Which Statement on Auditing (SA) provides guidance on the overall objectives of the independent auditor and the conduct of an audit in accordance with ...
Which major factor led to high levels of debt among Indian telecom operators?
What are the various conditions on the basis of which a retiring auditor may be re-appointed at an annual general meeting as per the Companies Act?
As per Section 165 of the Companies Act, 2013, no person, after the commencement of 2 this Act, shall hold office as a director, including any alternate...
Calculate interest coverage ratio from the following:
Net Profit after tax = 120000, tax rate = 50%, long term debt @10% = 1500000
What is the principal objective of the Foreign Exchange Management Act (FEMA), 1999 ?
Accrual concept of accounting requires:
The profit is 50% on sales. What is its percentage on cost?
Total factory overheads = ₹5 lakh; Direct labour hours = 10,000. Calculate the overhead absorption rate per labour hour.
What duties are taxes on intra-State supplies?
