Sadharan Bima Corporation has a market share of over ---- of the total premium income of the insurance market of Bangladesh.

Sadharan Bima Corporation has a market share of over ---- of the total premium income of the insurance market of Bangladesh. Correct Answer 20%

In the year 1984 Bangladesh Government allowed insurance Companies in the private sector and to that effect promulgated the insurance Corporations (Amendment) Ordinance 1984. SBC has a market share of over 20 % of the total premium income of the insurance market of Bangladesh.
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Assertion (A): Premium receivedon issue of shares is credited to share premium account but not to profit and loss account.
Reason (R): Since share premium is not a trading profit, it is not distributed to shareholders.
Assertion (A) Premium received on issue of shares is credited to share premium account, but not to profit and loss account.
Reason (R) Since, share premium is not a trading profit, it is not distributed to shareholders.