Question
As per the General Insurance Business (Nationalization)
Act what are the various functions of a Corporation?Solution
Explanation: Section 18. Functions of Corporation—(1) The functions of the Corporation shall include— (a) the carrying on of any part of the general insurance business, if it thinks it desirable to do so; (b) aiding, assisting and advising the acquiring companies in the matter of setting up of standards of conduct and sound practice in general insurance business and in the matter of rendering efficient service to holders of policies of general insurance; (c) advising the acquiring companies in the matter of controlling their expenses including the payment of commission and other expenses; (d) advising the acquiring companies in the matter of the investment of their funds; (e) issuing directions to acquiring companies in relation to the conduct of general insurance business: 1 [Provided that all the functions of the Corporation specified in this sub-section, on and from the commencement of the General Insurance Business (Nationalisation) Amendment Act, 2002, shall be performed by the Central Government.
Conclusions:
I. Some Signs are Symbols.
II. Some Signs are not Marks.
III. No Number is a Mark.
Statements:
In the question below are given some statements followed by some conclusions. You have to take the given statements to be true even if they seem to be ...
- Statements:
Only a few Sports is Games.
Only a few Players is Sports.
No Player is Team.
Conclusions:
I. Every Sports ca... In the questions given below, there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be...
Statements: Some racks are tables.
Some tables are chairs.
No chair is a book.
Conclusions: I. Some racks are chairs.
<...Statements: Some songs are music.
All music are composers.
Some composers are lyrics.
Conclusions: I. Some songs are not lyric...
Statements:
Only a few Ear are Eye.
No Eye is a Hand.
Only a few Hand is Leg.
Conclusions:
I. All Legs can never...
In the questions given below there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be ...
Statements:
Only White are Grey
No Blue are Black
All Blue are White
Conclusion:
I. Some Blue can be Grey
Statements: All TVs are laptops.
Some laptops are computers.
All computers are keyboards.
Conclusions: I. Some TVs may be compute...