Question
The portion of an insurance premium that reflects the
basic costs of loss, not including overhead or profit is called?Solution
Loss cost, also known as pure premium or pure cost, is the amount of money an insurer must pay to cover claims, including the costs to administer and investigate such claims. Loss cost, along with other factors, is used to calculate premiums.
Which of the following institutions have wrote the book ‘Healthy Recipes for Defence’?
What is the essence of 'barter' in economic transactions?
Which of the following is true regarding GDP?
i. In calculating GDP only final marketable goods and services are considered
ii. GDP can be...
Which of the following statements are true regarding “Inclusive Growth”?
i. The main idea behind inclusive growth is to include SCs, STs, ...
The Monetary and Credit Policy is announced by which of the following?
Which of the following statements is true?
I. The capital market is a market for securities (debt or equity), where companies and Government can ...
An increase in savings in an economy typically leads to which of the following?
Which of the following is not an investment expenditure in goods and services?
In which year was the Fiscal Responsibility and Budget Management (FRBM) Act enacted?
Which of the following statements is correct about the calculation of national income?
