Question
What is the primary purpose of a "burning cost"
analysis?Solution
The correct answer is C. To estimate future claims costs based on past experience. Burning cost analysis examines past claims data to project future claim costs, helping insurers to more accurately price their products.
If 7 * 5 @ 10 # 20 = 370 and 4 * 3 @ 5 # 30 = 90, then
2 * 3 @ 4 # 5 = ?
Two statements are followed by two conclusions numbered I and II. Assuming the statements to be true even if they do not conform to real-world knowledg...
Statements:
All cars are vehicles.
All vehicles are trucks.
Conclusions:
I) All cars are trucks.
II) All trucks a...
In a certain code language, 'RESTRICT' is written as 'CTRISTRE', 'STARTING' is written as 'NGTIARST' and 'MOUNTAIN' is written as 'INTAUNMO'. What is th...
In a certain code language, ‘PRINT’ is written as ‘96512’ and ‘FROM’ is written as ‘8603’. What will be the code for ‘PROMPT’ in tha...
In a code language, 'PARENT’ is written as 'PWRANT' and 'SING' is written as 'SENG'.
How will 'TERMINATE' be written in the same language?
Statement: FR ≥ S
Conclusions:
i) L > S
ii) L > R
Select the correct option from the following.
(a) Only conclusion...
Select the number from among the given options that can replace the question mark (?) in the following series?
20, 25, 24, 30, 32, 35, ?
In a certain code KNIFE is written as CDGLI. How will MIRTH be written in the same code?
In a certain code language, ‘4378’ is coded as ‘IDOL’ and ‘7832’ is coded as ‘IDLE’. What is the code for ‘2’ in that code language?...
