The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between economic agents. Depreciation has a significant effect in determining and presenting the financial position and results of operations of an enterprise. Hence, Depreciation is NOT included in the circular flow of Income in a simple economy.
IRDAI has the power to frame regulations under which of the following Section of the Insurance Act, 1938?
The result of the policyholder’s failure to buy sufficient insurance is termed as?
Contract under which the ultimate liability of the reinsurer is capped and on which anticipated investment income is expressly acknowledged as an underw...
Insurance Repository is a company formed and registered under which act?
An auto-mobile insurance option, available in some states, that covers the difference between a car’s actual cash value when it is stolen or wrecked a...
The Institute of Insurance and Risk Management (IRM) was founded in which of the following year?
The Life Insurance Companies Act was passed in which year?
The product which we buy due to necessity is called a ______ purchase.
Which type of insurance can covers two or more items or location ?
Insurance companies can have a exposure of to financial and insurance activities upto ____ of investment assets as per IRDAI.
