Que. 1 : Q1) An insurance company is permitted to carry on other forms of business. Say whether True or False. 1. a) True 2. b) False 3. 4. Que. 2 : Q2) Under which head will the Government classify funds received from divestment? 1. a) Revenue receipts 2. b) Capital receipts 3. c) Direct receipts 4. d) Indirect receipts Que. 3 : Q3)…