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The correct answer is B. It mandates that insurers must receive premiums before assuming any risk. Section 64VB of the Insurance Act 1963 states that no contract of insurance shall be valid unless the premium or the first installment of the premium has been paid.
The Second Five-Year Plan of India was based on which model?
Which of the following statements is/are correct?
1. A money bill is introduced only in the Lok Sabha.
2. Under article 249, resolution pa...
Which article is related to the election of President?
The Lucknow Pact of 1916 was signed between the Indian National Congress, led by ________, and the All-India Muslim League.
The Fundamental Rights are mentioned in which of the following?
The 74th Amendment Act of 1992 added which new Part to the Constitution of India?
The use of ‘Electors Photo Identity Cards (EPIC)' by the Election Commission of India was started in which one of the following years?
Which of the following are statutory bodies?
1. Planning commission(Now Disbanded)
2. National Development Council
3. CBI 4. Nat...
Who served as the chairman of the Steering Committee of the Indian Constituent Assembly?
What is the term for President and Vice President of India?