Question 1
Which accounting standard is specifically concerned with 'Revenue Recognition' in the context of general insurance company accounts in India?
Correct Answer:
AS 9
Question 2
As per IRDAI (Preparation of Financial Statements and Auditor's Report of Insurance Companies) Regulations, the financial statements of a general insurance company must include which of the following?
Correct Answer:
Revenue Account, Profit and Loss Account, Balance Sheet, and Receipts and Payments Account
Question 3
In the Revenue Account of a general insurance company, 'Unexpired Risk Reserve' (URR) for fire and miscellaneous insurance business is usually maintained at what percentage of net premium?
Correct Answer:
50%
Question 4
Which of the following qualifies under IRDAI Pattern of Investment / Approved Securities requirements for general insurers?
Correct Answer:
Central Government Securities
Question 5
The Available Solvency Margin (ASM) is determined by calculating the difference between:
Correct Answer:
Value of Assets and Value of Liabilities as specified by IRDAI
Question 1
Exam overview

About this Exam

Prepare with the III IC-46 Practice Questions - III IC-46 General Insurance Accounts Preparation and Regulation of Investment Exam practice quiz. This question bank includes 100 questions covering insurance, general, company, reinsurance, and solvency. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

More details

Additional Information

III IC-46 Practice Questions - III IC-46 General Insurance Accounts Preparation and Regulation of Investment Exam

This practice set contains 100 questions from the matching question bank and focuses on insurance, general, company, reinsurance, and solvency. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

Quiz information

Frequently Asked Questions

The complete question count is available after full access is unlocked.
No fixed duration is currently configured for this quiz.
Question explanations are included where they are available in the quiz content, helping you review the reasoning after answering.
Yes. You can retake the practice test again as you continue studying during your available access period.
After your access is confirmed, you can continue into the complete practice exam from this quiz flow.
Unless explicitly stated otherwise, this page provides independent practice material for study and exam preparation and is not the official examination itself.
Keep studying

Related Questions