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Section 18. Functions of Corporation: (1) The functions of the Corporation shall include: (a) the carrying on of any part of the general insurance business, if it thinks it desirable to do so; (b) aiding, assisting and advising the acquiring companies in the matter of setting up of standards of conduct and sound practice in general insurance business and in the matter of rendering efficient service to holders of policies of general insurance; (c) advising the acquiring companies in the matter of controlling their expenses including the payment of commission and other expenses; (d) advising the acquiring companies in the matter of the investment of their funds; (e) issuing directions to acquiring companies in relation to the conduct of general insurance business: Provided that all the functions of the Corporation specified in this sub-section, on and from the commencement of the General Insurance Business (Nationalisation) Amendment Act, 2002, shall be performed by the Central Government.
The marks scored by a boy in three subjects are in the ratio 2 : 3 : 5. Boy scored an overall aggregate of 60% in the exam. If the maximum marks in each...
Monthly income of P is Rs.16000 and his monthly savings is Rs.10500. If his monthly income is decreased by 25% and monthly expenditure is decreased by 1...
Bella scored 20% marks in a test and failed by 75 marks, whereas Tara scored 40% marks in the same test and failed by 25 marks. Find the passing marks o...
The total strength of school A is 40% more than that of school B. In school A and B, out of total number of students, 10% and 30% respectively are girls...
A number when reduced by 35% gives 195. Find the number?
P spends 26% of his salary on transportation, 24% on food, 22% on children’s education and 19% on medical. He deposits the remaining amount of Rs....
The total strength of school A is 40% more than that of school B. In school A and B, out of total number of students, 25% and 40% respectively are girls...
A man spent 50% of his income in May. If his savings is increased by 30% in June and becomes Rs. 9100, then find the income of man in May.
A person spent 22% of his monthly income on food and 77% of the remaining on rent. If amount spent on rent is Rs 600.6, then find the amount spent on fo...
A student multiplied a number by 3/5 instead of 5/3, What is the percentage error in the calculation ?
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