Question
Under the provisions related to reinsurance with Indian
re-insurers, which of the following statements is most accurate?Solution
Insurance Act Section 101A Re-insurance with Indian re-insurers: (2) For the purposes of sub-section (1), 3[the Authority] may, by notification in the Official Gazette: (a) specify the percentage of the sum assured on each policy to be re-insured and different percentages may be specified for different classes of insurance: Provided that no percentage so specified shall exceed thirty per cent. of the sum assured on such policy; and (b) also specify the proportions in which the said percentage shall be allocated among the Indian re-insurers.
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I). 2p 2  – 13p + 21 = 0
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The ratio of three numbers is 7:2:5, and their squared values add up to 1248. Identify the largest number among them.
A principal of ₹8000 is invested at a compound interest rate of 10% per annum. What will be the amount after 2 years?
P can complete a work in 25 days, while Q can complete the same work in 30 days. They work together for 5 days, and then P is replaced by R, who can com...
A jar contains a mixture of milk and water in the ratio 7:5, respectively. If 9-litres of the mixture is taken out, then the quantity of water left in t...
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