Question
With reference to Commerce, which of the following
statements is/are correct? (1) It is the field of business that assists in the removal of all impediments to the facilitation of exchange. (2) It deals with the factors of delivering the products to the consumers. Select the correct answer using the code given below:Solution
Commerce is the field of business that involves the exchange of goods, services, or other things of value between businesses or individuals. It includes the activities of removing all impediments that may hinder the facilitation of exchange (such as trade barriers, taxes, etc.), and it also deals with the factors involved in delivering the products to consumers. This includes logistics, transportation, and ensuring that products reach consumers in an efficient manner. Thus, the correct answer is (c), Both 1 and 2.
_________ is the first and fundamental step towards becoming an IRDAI Agent/Insurance Advisor.
The Insurance Ombudsman was established to:
The 'Insured Declared Value' (IDV) of a vehicle refers to its:
Name the insurance company which is the pension fund manager of the Scheme “Kisan Maan-Dhan Yojana”(KMY) .
__________ in insurance is the splitting or spreading of risk among multiple parties.
When we look at claims’ trends, we look at a number of factors. Some of these are listed below. Which factor is not to be considered from this list?
A legal concept that holds gun manufacturers liable for the cost of injuries caused by guns. Several cities have filed lawsuits based on this concept is...
The PradhanMantriVayaVandanaYojana (PMVVY) has been launched by?
Which principle specifies an insured should not collect more than the actual cash value of a loss?
The Motor Vehicles Act, 1988 requires what document as proof of insurance?
