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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.
A charge created over an asset as security that gives equal rights to all lenders is called _____
The bank bought a 5 year G-Sec with YTM of 7.6% and plans to sell them in 2 weeks. The bond could not be sold within 2 weeks due to over sight and as a ...
Pradhan Mantri Vaya Vandana Yojana (PMVVY) was launched in ________ with an aim to protect elderly persons aged 60 years and above against a future fal...
Consider the following statements regarding economic survey 2022-2023:
1. There was diversion of Wholesale Price Inflation (WPI) and Con...
The capital asset pricing model (CAPM) suggest that, the cost of equity is a trade-off between :
Book-keeping is mainly concerned with?
The preparation of a trial balance is for:
The bonds prices _____ with increase in interest rates.
Which of the following statement related to Buy back of shares is incorrect?
All the following will be included in the company’s operating activities except: