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RISK MANAGEMENT TECHNIQUES IN INSURANCE Risk Management Techniques in Insurance in India Risk management is a critical component of the insurance industry, especially in a dynamic and diverse market like India. The primary goal is to identify, assess, and prioritize risks, and then implement strategies to minimize the impact of these risks. This article explores […]
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THE FUNDAMENTAL PRINCIPLES OF INSURANCE CONTRACTS The Fundamental Principles of Insurance Contracts in India Insurance contracts in India, like in many other countries, are governed by specific principles that ensure their validity and enforceability. These principles form the backbone of insurance law and practice, ensuring fair play and trust between insurers and policyholders. Here are
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VALUATION FOR BUY-SELL AGREEMENTS Valuation for Buy-Sell Agreements in India In the dynamic business landscape of India, buy-sell agreements play a crucial role in ensuring the smooth transfer of business interests among partners or shareholders. These agreements are particularly vital in closely-held companies and partnerships. A well-structured buy-sell agreement helps avoid conflicts and ensures the
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MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAWS RELATING TO INHERITANCE/SUCCESSION Which of the following heirs are not included in Class I heirs under Hindu Succession Act, 1956? A. Sons B. Daughters C. Widow D. Cousins Answer: D. Cousins Which of the following is not a recognized share under Muslim inheritance law? A. 1/2 B. 1/4
RENT THEORY IN CLASSICAL ECONOMICS Understanding Rent Theory in Classical EconomicsRent theory in classical economics has long been a cornerstone of understanding the distribution of wealth and resources within an economy. Developed primarily by economists like David Ricardo and Adam Smith, this theory delves into the concept of economic rent, which is distinct from the
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VALUATION FOR SHAREHOLDER DISPUTES Valuation for Shareholder Disputes in India Key Points: Introduction to Shareholder Disputes Definition and common causes of shareholder disputes in India. Importance of fair valuation in resolving these disputes. Legal Framework and Regulatory Environment Overview of relevant laws and regulations governing shareholder disputes and valuation in India. Role of judicial and
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BURDEN OF PROOF IN REAL ESTATE CONTRACT BREACHES Burden of Proof in Real Estate Contract Breaches In India, disputes related to real estate contract breaches are not uncommon. Understanding the burden of proof in such cases is crucial for both parties involved. Here’s a comprehensive look at this aspect: 1. Burden of Proof: In legal
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RICARDIAN RENT THEORY: ANALYSIS AND CRITIQUE Ricardian Rent Theory: Analysis and Critique in the Indian Context Introduction The Ricardian Rent Theory, formulated by David Ricardo in the early 19th century, is a fundamental concept in classical economics that explains the formation of economic rent based on the differential productivity of land. This theory has been
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UNDERSTANDING DOUBLE-ENTRY BOOK-KEEPING Understanding Double-Entry Bookkeeping in the Indian ContextIntroduction: Double-entry bookkeeping is a fundamental accounting principle that is widely used in businesses across the globe, including in India. This article aims to provide a comprehensive understanding of double-entry bookkeeping, its key principles, and its significance in the Indian business landscape.Key Points: Definition of Double-Entry
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HISTORICAL DEVELOPMENT OF RENT THEORY Historical Development of Rent Theory in India Rent theory, a cornerstone of classical economics, addresses the payment made for the use of land or other natural resources. In India, the historical development of rent theory is marked by a combination of traditional practices and the influence of colonial economic policies.
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MULTIPLE-CHOICE QUESTIONS WITH ANSWERS RELATED TO LAWS RELATING TO INHERITANCE/SUCCESSION 1.Under the Hindu Succession Act, 1956, who among the following has the first right to inherit the property of a Hindu male dying intestate? A. His mother B. His wife C. His son D. His daughter Answer: C. His son 2. Which of the following
VALUATION FOR INSURANCE PURPOSES Valuation for Insurance Purposes in India Valuation for insurance purposes is a crucial aspect of risk management and financial planning in India. It ensures that individuals and businesses are adequately covered in the event of loss or damage to their assets. This article delves into the key points of valuation for
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