According to the Insurance Act section 27 the term assets means________________
Section 27. Investment of assets: (2) In the case of an insurer carrying on general insurance business, twenty per cent. of the assets in Government Securities, a further sum equal to not less than ten per cent. of the assets in Government Securities or other approved securities and the balance in any other investment in accordance with the regulations of the Authority and subject to such limitations, conditions and restrictions as may be specified by the Authority in this regard. Explanation--In this section, the term assets means all the assets of insurer at their carrying value but does not include any assets specifically held against any fund or portion thereof in respect of which the Authority is satisfied that such fund or portion thereof, as the case may be, is regulated by the law of any country outside India or miscellaneous expenditure or in respect of which the Authority is satisfied that it would not be in the interest of the insurer to apply the provisions of this section
Select the option that is related to the fifth number in the same way as the second number is related to the first number and the fourth number is relat...
Which among the following factors contributes to Earthquake?
1. Location
2. Distance from the epicenter
3. Local geological conditi...
Two statements A and B are given. There may be a cause-and effect relationship between the two statements. These two statements may be the effect of the...
Select the correct set of symbols:
64 4 5 8 = 88
Two statements I and II are given. These statements may be either independent causes or may be the effects of independent causes or a common cause. One ...
Which two numbers should be interchanged to make the given equation correct?
700 + 42 ÷ 6 × 45 – 54 × 9 + 14 = 355
Four girls A, B, C and D, and four boys P, Q, R and S, are sitting around a round table facing the centre.
i. No two girls or boys are sitting ne...
Select the option that is related to the third number in the same way as the second number is related to the first number.
7 : 393 :: 9 : ?
The ratio of the ages of a child, his father and grandfather is 1 : 5 : 9. Three years hence, the child will be 10 years old. What is the present age of...
Select the option that is related to the third term in the same way as the first term is related to the second term.
Barometer : Atmosphere : :...