Question
What shall be the duration of the Executive Committee of
the Life Insurance Council or the General Insurance Council as per the Insurance Act, 1938?Solution
Section 64H. Duration and dissolution of Executive Committees- (1) The duration of the Executive Committee of the Life Insurance Council or the General Insurance Council shall be three years from the date of its first meeting on the expiry of which it shall stand dissolved and a new Executive Committee constituted
Which of the following reduces working capital requirement?
Which category of banks has the highest Priority Sector Lending (PSL) target as a percentage of Adjusted Net Bank Credit (ANBC)?
A Treasury Bill (T-Bill) is a:
Parent Co. acquires 80% of Subsidiary Co. for ₹16,00,000 when Subsidiary’s net assets are ₹15,00,000. At acquisition, the fair value of minority i...
A bank overdraft is classified on balance sheet as:
In relation to Accounting for Investments, which of the following statements is/are correct?
Statement-1: The carrying amount for long-term inves...
A trader wants to hedge their portfolio, which has a value of 20,00,000 by using S&P 500 futures contracts. The current price of one S&P 500 futures c...
A firm extends credit from 30 to 60 days to push sales, increasing receivables by ₹5 crore. Cost of capital is 12%. What is the annual carrying cost?
A cheque is received from a creditor and paid into the bank on the same day. How will this transaction be recorded in the cashbook?
The value of supply should include:
