Question
What is the principle of indemnity in
insurance?ÂSolution
The insurer should compensate the insured for the actual financial loss suffered due to an unforeseen event or peril Explanation: The principle of indemnity requires the insurer to compensate the insured for the actual financial loss suffered due to an unforeseen event or peril, up to the amount of the sum insured.
The 'Jaipur Gold Price' is a benchmark related to which market?
Match the following econometric tests with the issues they are designed to detect:
Under the PM-KISAN Scheme, the Centre transfers an amount of ________ per year, in ___________ equal instalments, directly into the bank accounts of al...
 If the market demand is given by Q=250-50p and supply Q=25p+25 then what is equilibrium price in market
An investor who expects a stock price to fall significantly might use which strategy?
Suppose the money supply in Mexico grows more quickly than the money supply in the USA. We would expect that
The two regression lines are 6X+4Y=52 and 12X+6Y=62. Find the correlation coefficient.
...Labour theory of value was propounded by
                               I.           Adam Smith
...For Cobb-Douglas production function the elasticity of substitution is
If the Correlation Coefficient (r) between two variables X and Y is -0.8, and their standard deviations are 4 and 5 respectively, the covariance between...
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