Question
An arrangement between two insurance companies whereby
one transfer is a part of risk to other company is called?Solution
The correct term for the described arrangement is "Reinsurance." It involves one insurance company (the ceding company) transferring a part of its risk to another insurance company (the reinsurer) in order to mitigate its overall risk exposure. This allows the ceding company to manage its liabilities more effectively.
A trader allows two successive discounts of x% and y% on the marked price of an article. Is the selling price of the article less than Rs. 18,000?
<...A train that is 200 meters long passes a platform that is 350 meters long in a specific amount of time. The same train, traveling...
What is the length of a wooden board of width 6 metres and thickness one-third of the width?
Statement I: Surface area of the board is 152 m².
What is the age of a class teacher?
I. There are 13 students in the class.
II. The average age of students and the teacher is 16 years.
What is the length of the metro travelling at uniform speed?
I: The Metro crossed another Metro of length 450 m moving in opposite direction in ...
What is the downstream speed of the boat?
Statement I: The speed of the boat is 15 km/hr.
Statement II: The boat rows up a river 30 km i...
Find the volume of the cylinder?
Statement I: Height of the cylinder is equal to the radius of the base.
Statement II: Height of the cyl...
What is the average of L, 50, 76, 82, M and N?
I. L is six more than M.
II. N is four less than L.
What is the time taken by train to go from Station A to Station B?
Statement I: If the train increases its speed by 20%, then it reaches 40 mi...
The question consists of two statements numbered “I and II” given below it. You have to decide whether the data provided in the statements are suffi...
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