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Ask QuestionPosted by Srinivasa Alagar 7 years ago
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Gaurav Seth 7 years ago
Statutory corporations are body corporates formed by a special act of parliament or by the central or state legislature.Examples include Air India, State Bank of India, Life Insurance Corporation of India etc.
Posted by Samit Jain 7 years ago
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Samyuktha Krishna 7 years ago
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Samyuktha Krishna 7 years ago
Posted by Gouri Sharma 7 years ago
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Posted by Nancy Raj 7 years ago
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Gaurav Seth 7 years ago
CWC stands for the Central Warehousing Corporation. It is a government organisation that manages and operates the warehouses owned by the government.
Posted by Manisha Saini 7 years ago
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Posted by Sanskriti Bansal 7 years ago
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Manish Dhakad 7 years ago
Posted by Dipanshi Saroha 7 years ago
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Posted by Thilak Rk 7 years ago
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Gaurav Seth 7 years ago
Social responsibility is the obligation of businessmen towards the society. Businessmen must review the impact of their decisions and actions on the other sections of the society.
According to Peter F Druker, “Social responsibility requires managers to consider whether their action is likely to promote the public good, to advance the basic beliefs of our society, to contribute to its stability, strength and harmony.”
A businessman must perform social responsibilities because of the following reason
(i) Self interest
(ii) Better environment for business
(iii) Public image
(iv) Avoidance of government interference
(v) Social power
(vi) Resources used for moral justification
(vii) Contribution to social problems
Posted by Riketa Parmar 7 years ago
- 1 answers
Gaurav Seth 7 years ago
I guess its GDR* not PDR
<th>BASIS FOR COMPARISON</th> <th>ADR</th> <th>GDR</th>| Acronym | American Depository Receipt | Global Depository Receipt |
| Meaning | ADR is a negotiable instrument issued by a US bank, representing non-US company stock, trading in the US stock exchange. | GDR is a negotiable instrument issued by the international depository bank, representing foreign company's stock trading globally. |
| Relevance | Foreign companies can trade in US stock market. | Foreign companies can trade in any country's stock market other than the US stock market. |
| Issued in | United States domestic capital market. | European capital market. |
| Listed in | American Stock Exchange such as NYSE or NASDAQ | Non-US Stock Exchange such as London Stock Exchange or Luxemberg Stock Exchange. |
| Negotiation | In America only. | All over the world. |
| Disclosure Requirement | Onerous | Less onerous |
| Market | Retail investor market | Institutional market. |
Posted by Rinky Kangjam 7 years ago
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Posted by Gagandeep Kaur 7 years ago
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Posted by Isha Vaid 7 years ago
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Gaurav Seth 7 years ago
Utmost good faith: Both the insurer and the insured should have faith in each other and in the contract signed by them.
Example: Rahul, if he is a heart patient, should inform his insurance company about his health issues while buying a life insurance policy.
→ Insurable interest: It implies that the insured must have some interest vested in the object which is being insured by him.
Example: A businessperson has an insurable interest in his or her land, house and other properties.
→ Indemnity: According to the principle of indemnity, the purpose of an insurance contract is to bring back the insured to the same financial position as he or she was before the loss occurred to him or her.
Example: If an individual suffers a loss of Rs. 1 lakh in a fire accident, then the insurance company will accept a claim up to Rs. 1 lakh and not more.
→ Proximate cause: The proximate cause principle states that the reason for a loss or damage to the insured object should be related to the subject matter of the contract.
Example: If an individual suffers a loss in a fire accident, then this should already be a part of the contract in order for this person to claim the insurance amount.
→ Subrogation: Once the compensation is paid, the right of ownership of the damaged property passes on to the insurer, so that the insured cannot sell the damaged property to make profits.
Example: If a person receives Rs. 1 lakh for his or her damaged stock, then the ownership of the stock will be transferred to the insurance company and the person will hold no control over the stock.
→ Contribution: If an individual buys more than one insurance policy for the same object, then the insurers will contribute in order to compensate insured for the actual amount of loss.
Example: If a person A insures his or her house for Rs. 2 lakh with insurer B and for Rs. 1 lakh with another insurer, say, C, then, in case of a loss of Rs .90,000, insurer B and insurer C will together pay A Rs. 90,000 and not more.
→ Mitigation: The insured should take care of the insured object in the same way as he or she would have in the absence of the insurance.
Example: If a person has insured his house against fire, then, in case of fire, he or she should take all possible measures to minimise the damage to the property exactly in the manner he or she would have done in absence of the insurance.
Posted by Palshetty Divya 7 years ago
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Posted by Aakash Rawat 7 years ago
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Sakshi Sharma ??️??️??️ 7 years ago
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Samyuktha Krishna 7 years ago
Khushboo ?? 7 years ago
Posted by Anuj Dangi 7 years ago
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Posted by ☘Megha Seervi☘ 7 years ago
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Gaurav Seth 7 years ago
Global Depository Receipts (GDR) They are the depository receipts denominated in US dollars issued by depository hank to which the local currency shares of a company are delivered. GDR is a negotiable instrument and can be traded freely like any other security. In the Indian context, a GDR is an instrument issued abroad by an Indian company to raise funds in some foreign currency and is listed and traded on a foreign stock exchange.
Posted by Ratnesh Yadav 7 years ago
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Ratnesh Yadav 7 years ago
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Sunitha Sethia 7 years ago
1Thank You