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Q. . …………..is an agreement between two insurance companies whereby one transfers a part of risk to other.

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Q. The CAS should be Sol:

Q. Changes in the rate of Preference dividend payable in future without any change in the amount of capital is known as ___

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Q. R LTD. Issued a debenture of Rs.100 each at Rs.90. The underwriting commission will be paid on___________

Q. If the royalty is less than minimum rent , the balance of royalty account at the end of the year has to be transfer to Sol: