Question
A fire loss incurred but not reported by balance sheet
date is classified as:Solution
An IBNR (Incurred But Not Reported) claim refers to losses that have occurred before the balance sheet date but have not yet been reported to the insurer. It’s recorded as a provision in the insurer’s books.
In each of the following questions a statement has been given with highlighted idioms. You are required to choose the meaning of the idioms from the op...
To put down in black and white
Show a clean pairs of heels
Select the most appropriate meaning of the highlighted idiom.
It was a Catch 22 situation for the manager.
Between A Rock And A Hard Place
Choose the option which best expresses the meaning of the idiom/phrase in bold in the sentence.
Despite several setbacks, the young entrepreneur de...In each of the following questions, an idiomatic expression/a proverb has been underlined – followed by four alternatives. Choose the one which best ...
Select the most appropriate meaning of the underlined idiom in the given sentence.
This problem is a hard nut to crack,it will take longer than t...
"It's not a good idea to kick the can down the road and let the next generation solve the global warming problem."
- Select the most appropriate option to substitute the bold segment in the given sentence.
I was feeling nervous before the job interview, so my frie...
