Question
What is the principle of contribution in insurance?Â
Solution
The principle of contribution requires that if a person has more than one insurance policy covering the same risk, then each insurer will contribute towards the loss in proportion to the sum insured.
In the MSME Sustainable (ZED) Certification Scheme, which aspect is primarily emphasized at the Silver Certification Level?
According to the Union Budget 2023-24, consider the following statements.
1. Agriculture Accelerator Fund will be set-up to encourage agri sta...
If the expected return on the market is 18% and the expected return on a stock with a beta of 1.2 is 20%, what is the risk-free rate?
What is project financing?
The term “financial creditor” in the Insolvency and Bankruptcy Code (IBC) in India means?
According to the provisions of the Companies Act for issuing a red herring prospectus, which of the following statements is correct?
Which of the following is most likely a sign of a good corporate governance structure?
A. Â Â Â Â Â Â Â The chief executive position is separ...
The cost of equity (Ke) using the Gordon Growth Model is calculated as:
Which asset classification is applicable when interest on a loan has not been serviced for more than 90 days?
When shares are forfeited due to non-payment of call money, the amounts previously paid by the shareholder are credited to the Share Forfeiture Account....
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