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    • Question

      Claims paid during year = ₹150 crore; Outstanding

      claims at year-end = ₹20 crore; Outstanding at beginning = ₹15 crore. Calculate claims incurred.
      A ₹140 crore Correct Answer Incorrect Answer
      B ₹155 crore Correct Answer Incorrect Answer
      C ₹150 crore Correct Answer Incorrect Answer
      D ₹160 crore Correct Answer Incorrect Answer
      E ₹145 crore Correct Answer Incorrect Answer

      Solution

      • Claims incurred = Claims paid + Closing O/S – Opening O/S = 150 + 20 – 15 = ₹155 crore.

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