Question
According to the Insurance Act, how should the assets in
India of any insurer be kept, except in certain circumstances?Solution
Section 31 Assets of insurer how to be kept- (1) None of the assets in India of any insurer shall, except in so far as assets are required to be vested in trustees under sub-section (7) of section 27, be kept otherwise than in the name of a public officer approved by the Authority, or in the corporate name of the undertaking, if a company or an insurance co-operative society, as the case may be. Â
Which Section of the Insurance Act defines ‘General Insurance Business’?
In GST the transaction value for computation of value of supply can be rejected if-
___________ is a capital budgeting technique which does not require the computation of the cost of capital for decision making purposes.
If Selling Price is 9 per unit, variable cost is 5 per unit and fixed cost is 100000, what is the Margin of safety in Qty if the budgeted units are 1,00...
DuPont analysis is:
Gamma Textiles Ltd. manufactures a single product with the following cost structure:
• Selling Price per unit: ₹500
• Variable Cost ...
Which of the following section deals with deduction in respect of Interest on deposits in savings/FD account in case of resident senior citizens?
Depreciation is appearing in the 'Trial Balance' of a firm. At the time of preparing 'Annual Accounts', it should be shown in:
Calculate sales to earn a profit of Rs. 150,000, if fixed cost = Rs. 3,00,000 and P/V ratio is 20%:
Price risk is the risk of a decline in the value of a security or a portfolio. How can one transfer price risk?
