Question
As per the General Insurance Business (Nationalisation)
Act, 1972 the authorised capital of the General Insurance Corporation shall be rupees __________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.
The value stated on a bond certificate is called ______
At the end of last year, Max Ltd’s assets and liabilities are:
Total assets = 85500
Accrued liabilities = 6500
Bonds payable =...
Total debt service cost implies which among the following?
The National Electronic Funds Transfer (NEFT) system processed a record high number of transactions in a day on February 29 this year. How many transac...
Under the Pradhan M antri Vaya Vandana Yojana (PMVVY), after 3 years, loan facility can be availed up to what percentage of the invested amount?
What is the cap on the cumulative exposure of Banks and NBFCs in Alternative Investment Funds (AIFs) , as a percentage of the AIF scheme corpus, as stat...
 With respect to the futures transactions, the purpose of margin is to ________
What is the age limit for eligibility under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)?Â
Which of the following are the difference(s) between swaps and futures contracts?
1.      Swaps are typically short term, whereas futur...
Credit risk assessment consists of a systematic process to evaluate the default risk of a borrower. Which of the following is not a part of credit risk ...
