Question

As per Section 20(1) of the General Insurance Business (Nationalisation) Act, what does the acquiring company do with the balance of profit after making necessary provisions relating to bad and doubtful debts, depreciation in assets, welfare etc.?

A Invests in new ventures.
B Distributes it as dividends
C Uses it for employee bonuses
D Pays off external debts
E Allocates it for research and development.
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