Question
Which of the following is
true?Solution
A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person, is called a contract of indemnity. Every contract of Insurance, except life assurance, is a contract of indemnity. Reversionary Bonus- Until the bonus is paid, it does not figure in the Revenue Account and is not payable in cash immediately but is to be payable at the time of the claim; it is described as Reversionary Bonus. The amount of Reversionary Bonus is included in claims.
Which of the following is an example of a transaction in a banking system?
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3NF is best suitable for designing of the database?
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Which of the following is an example of an ADT for storing data?
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