Question
Which of the following activities is NOT a Market
Economic Activity?Solution
Economic activities have two parts — market activities and non-market activities. Market activities involve remuneration to anyone who performs i.e., activity performed for pay or profit. These include production of goods or services, including government service. Non-market activities are the production for self-consumption. As rearing of cows for self-consumption of milk gets the owner no remuneration, it is a non-market economic activity.
Which of the following is NOT a typical type of insurance claim?
An environment where insurance is plentiful and sold at a lower cost, also known as a Buyer’s market is called?
What does "subrogation" mean in the context of insurance?
A property or liability insurance contract in which all risks of loss are covered is called?
_____________ is a certification mark issued by the Bureau of Indian Standards (BIS) for products which are ecologically safe and adheres to the standar...
Erection All Risks (EAR) Policy is also known as:
A professional liability coverage for physicians, lawyers, and other specialists against suits alleging negligence or errors and omissions that have har...
A provision added to a home owners insurance policy that automatically adjusts the coverage limit on the dwelling each time the policy is renewed to ref...
What is the purpose of a "warranty" in an insurance policy?
The headquarters of Agriculture Insurance Company is located in?
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