Question
What is the purpose of classifying risks in
underwriting?Solution
The correct answer is C. To accurately price risks and determine appropriate coverage. Classifying risks allows insurers to group similar risks together, enabling them to more accurately assess and price them.
Two statements are given followed by two conclusions numbered I & II. Assuming the statements to be true, even if they seem to be at variance with comm...
Statements:Â Â Â Â Â Â Â Â Â Â No cow is a bull.
No bull is a goat.
                               Some g...
Statement:
All Mathematics are Economics
Only a few Mathematics are Chemistry
No Chemistry is Physics
Conclusion:
I. ...
Statements: No swan is a penguin.
                         Some penguins are kingfisher.
Conclusions: I. Some s...
In the question below are given some statements followed by some conclusions. You have to take the given statements to be true even if they seem to be ...
- Statements:
All Parrot are Sparrow.
All Pigeon are Sparrow.
Few Penguin are Parrot.
Conclusions:
I. Every Pigeon is... Statements:
All M are K.
All K are J.
All L are J.
No L is a P.
Conclusions: Â Â Â Â Â Â Â Â
I. No K is L...
Statements:
Only a few Farm is Poultry.
Only Poultry is Egg.
A few Farm is Field.
Conclusion:Two statements are given followed by two conclusions numbered I and II. Assuming the statements to be true, even if they seem to be at variance with co...
Statement
Only a few Pink is Black
Some Black is White
All White is Red
Conclusion
I) Â Some Black is Red
