…………….. reserve is created to meet any loss due to natural calamity

Related MCQs

• Revenue reserve means any reserve other than ……………. Reserve
• The clause through which the insurance claim due to loss of stock is reduced to the proportion that the policy value is …………………………..
• The insurance claim due to loss of stock is reduced to the proportion that the policy value bears to the value of stock
• The insurance indemnifies the insured any loss of profit arising from interruption of the normal activity
• Reserve for unexpired risk is shown under :
• A …………. Company should transfer 25% of its profit to a statutory Reserve
• Banks are required to transfer …………………. Of their profit to a statutory reserve
• The profit and loss amount of general insurance companies are prepared in …………………………………..
• No profit and loss appropriation account is prepared in case of a…………… company.
• A banking company required to prepare its profit & loss account according to ……………………… of the III schedule of the Banking Regulations Act.