Question
Which can help a producer in determining how much of a
product is required to be produced?Solution
The objective of factor-product relationship is to determine the optimum quantity of the variable input that will be used in combination with fixed inputs in order to produce optimal level of output .
What is the primary function of a reinsurer?
When a demand is made by insured for payment of the benefits is called as?
A professional liability coverage for physicians, lawyers, and other specialists against suits alleging negligence or errors and omissions that have har...
A policy that covers loss or damage to a shopkeeper's property and business interruption is:
Which of the following is not the name of an Insurance Scheme launched by the Government of India?
What term applies to conditions that must be met before the insurer’s obligations arise?Â
What is the purpose of a "warranty" in an insurance policy?
The contractual term for the premium in an insurance contract is known as:
Which principle specifies an insured should not collect more than the actual cash value of a loss?
As per current norms in India, what is the maximum limit of No Claim Bonus (NCB) in percentage?
