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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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