Question
What does "subrogation" mean in the context of
insurance?Solution
Subrogation is the right of the insurer, after paying a claim to the insured, to step into the shoes of the insured and pursue legal action against a third party who may be legally liable for the loss.
What is the newly introduced threshold for the TReDS platform, according to the Finance Act 2023?
The treasury department have evolved in importance over number of years, which of the following is not a function of treasury department:
What does the Core Current Asset (CCA) concept, introduced by the Tandon Committee , refer to?
What does a zero-tolerance policy for discrimination emphasize?
How much financing did the World Bank approve to help India accelerate low carbon energy development in its second round?
The rate applicable to an investment lasting for n years when all the returns are realized at the end is called:
What constitutes an unclaimed deposit according to the revised RBI guidelines?
Which of the following features clearly distinguishes bonds from equity shares?
When book profits are less than taxable profits:
As per the changes announced in the Union Budget 2025-26, under the MSMED Act, 2006 , to be classified as a small enterprise, it can invest up to ______...
