Question

How is the Gratuity Insurance Plan described?

a.

A plan providing living benefits

b.

A plan providing only death cover

c.

A deposit administration type of gratuity liability offered by life insurance companies to employers

d.

A plan providing coverage for a specified period

Posted under IC 89 Management Accounting

Answer: (c).A deposit administration type of gratuity liability offered by life insurance companies to employers Explanation:Gratuity Insurance Plan can be described as a deposit administration type of gratuity liability offered by life insurance companies to employers.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. How is the Gratuity Insurance Plan described?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. How is Group Insurance defined?

View solution

Q. What is the primary purpose of an endowment life insurance policy?

View solution

Q. What is the purpose of Whole Life insurance policies?

View solution

Q. What is the characteristic of Term Insurance plans?

View solution

Q. What is the definition of a venture capital undertaking?

View solution

Q. What is the definition of a venture capital fund?

View solution

Q. How can an AIF raise funds?

View solution

Q. What are some types or nature of AIFs?

View solution

Q. What is the definition of AIF (Alternative Investment Fund)?

View solution

Q. What types of ratios are used for evaluating the performance of mutual funds?

View solution

Q. What risk factor is associated with mutual funds and securities investments?

View solution

Q. What are some advantages of mutual funds?

View solution

Q. What is the requirement for the relationship between the fund sponsor, trustees, custodian, and Asset Management Company in a mutual fund?

View solution

Q. How have Indian mutual funds been organized?

View solution

Q. What risk factors are associated with mutual fund investments?

View solution

Q. What is the role of unit-holders in a mutual fund?

View solution

Q. What is the main purpose of a mutual fund?

View solution

Q. What distinguishes bank deposits from company deposits in terms of guarantees?

View solution

Q. Why is due diligence important for investors considering company fixed deposits?

View solution

Q. What is solvency, and how does it relate to the safety of fixed deposits?

View solution
View All MCQs on IC 89 Management Accounting

Recommended Subjects

Are you eager to expand your knowledge beyond IC 89 Management Accounting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Bioinformatics

Unlock the power of data analysis in biology with our Bioinformatics category....

Chemistry

Unlock the mysteries of chemistry with our Chemistry category. Delve into the...

Fluid Mechanics

Unlock the mysteries of fluids and their behavior with our Fluid Mechanics category....

Textile Engineering

Explore the dynamic world of Textile Engineering with our specialized category. Delve...

Data Interpretation

Master the art of data analysis and interpretation with our Data Interpretation...

IC38 Life Insurance Agent Exam

Prepare for success in the Insurance Institute of India (III) IC38 IRDA examination...

Heat Transfer

Explore the fascinating world of heat transfer with our Heat Transfer category....

Cost Accounting

Dive into the realm of Cost Accounting with our specialized category. Explore cost...

Electronics and Communication Engineering

Explore the dynamic field of Electronics and Communication Engineering with our...