Important Points for IC 26 - Life Insurance Finance Exam
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Current ratio = Current assets / Current liabilities
Quick ratio = Quick assets (Current assets - Inventory) / Quick liabilities (Current liabilities - Bank overdraft)
Today, there are 24 life insurance companies (including LIC) doing life insurance business in India.
Post-Independence in 1947, the political leaders who were greatly influenced by ideas of socialism and democracy adopted a model of mixed economy for the economic development of the country.
Immediately after independence, the Planning Commission was established and it was assigned the role of preparing five year plans.
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