Question
Consider the following Statements. (1)
Infrastructure associated with energy, transportation and communication are part of Social Infrastructure. (2) Those related to education, health and housing are included in Economic Infrastructure. (3) Economic Infrastructure is the only important infrastructure for the development of an economy. Which of the above statement(s) is/are CORRECT?Solution
Some divide infrastructure into two categories — economic and social. Infrastructure associated with energy, transportation and communication are included in the former category whereas those related to education, health and housing are included in the latter. Both types are needed for economic growth & development.
Which of the following terms is NOT associated with insurance?
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A standing agreement between insurers and reinsurers. Under a treaty each party automatically accepts a specific percentage of the insurer’s business ...
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