Question
What is the authorised capital of the Corporation as per
the General Insurance Business (Nationalisation ) Act, and what flexibility does the Central Government have regarding it?Solution
Explanation:Section 9. Formation of General Insurance Corporation of India:(2) The authorised capital of the Corporation shall be 2[rupees two hundred and fifty crores, divided into two hundred and fifty lakhs fully paid-up shares] of one hundred rupees each, out of which rupees five crores shall be the initial subscribed capital of the Corporation:Provided that the Central Government may, by notification, increase or reduce the authorised capital or subscribed capital, as the case may be, as it deems fit.
Which of the following RBI directions provides the legal authority for the issuance of the Master Direction on KYC?
Which of the following does not fall under the category of commercial banks  ?
Which company received RBI approval to become a Core Investment Company (CIC)?
Where are ethical standards typically based?
How much did the Reserve Bank of India approve to transfer as a dividend to the Government of India for FY24?
Which of the following financial institution is responsible for the development of housing finance sector in India?
What is a special purpose vehicle (SPV) in project finance?
Interim Dividend can be paid out of which of the following?
When was NABARD established?
 The Comptroller and Auditor-General of India shall, in respect of a financial year, appoint an auditor duly qualified to be appointed as an auditor...
