Question
Consider the following about financial market
instruments: 1. Commercial Papers are unsecured, short-term instruments issued by corporations to meet immediate capital needs. 2. Treasury Bills are short-term government securities issued at a discount and redeemed at face value. 3. Corporate Bonds are long-term debt instruments typically with a fixed interest rate. 4. Certificates of Deposit are negotiable instruments issued by banks and select financial institutions for fixed short-term durations. Which of the above statements is correct?ÂSolution
All statements given correctly describe various financial market instruments.
The 'Policy Document' in motor insurance is a legal document that:
As per Rule 141 of Central Motor Vehicle Rules 1989, a certificate of Insurance is to be issued only in Form _____.
A type of reinsurance in which the re-insurer indemnifies the ceding company for losses that exceed a specified limit is called?
Which principle specifies an insured should not collect more than the actual cash value of a loss?
What type of insurance covers goods in transit by road, rail, sea, or air against various risks?
_______ in the insurance industry involves an applicant gaining insurance at a cost that is below their true level of risk.
If an organization wishes to venture into Insurance Business it has to obtain a licence firstfrom which of the following ?
What is the Fee paid to an agent or insurance salesperson as a percentage of the policy premium?
A retrocessionaire is:Â
________________ is some amount of money will paid before insurance will pay 100% for an individual’s health-care expenses.
