Question
Four houses are available in a locality. Four persons
apply for the houses. Each applies for one house without consulting others. The probability that all the four apply for the same house is :Solution
One person can select one house out of 4 = 4C1 ways = 4 Hence, three persons can select one house out of 4 in 4 x 4 x 4 = 64 Therefore, probability that all thre apply for the same house is 1/16
A motor insurance policy can be cancelled by:
A contract, such as an insurance contract, requiring that certain acts be performed if recovery is to be made is known as?
An amount of premium for which payment has been made by the policyholder but coverage has not yet been provided is known as?
Personal and business property coverage combining several types of property insurance in one policy is called?
What is the insurance of commercial property that protects the property from such perils as fire, theft and natural disaster?
Which among the following is the oldest existing insurance company in India?
Which among these is not a type of General Insurance plans?
I. Motor Insurance
II. Marine Insurance
III. Health Insurance
when a company has declared that there will be a dividend in the future but has not yet paid it out, it is known as?
Coverage against loss through stealing by individuals not in a position of trust is called?
An individual who may become eligible to receive payment due to will, life insurance policy, retirement plan, annuity, trust, or other contract is known...
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