Question
A clock gets fast by 15 minutes every day. If, on a
certain day, the clock shows correct time at 12 in the noon, what time will the clock show at 4:00 am the next day?Solution
The time that clock gets fast in 24 hours = 15 min Time elapsed between 12 noon and 4:00 am next day = 16 hours. ∴ The time the clock will get fast = 15/24 * 16 = 10min Hence the lock will show 4:10 am.
What are the assumptions about rates of investment earnings, mortality, turnover and distribution or actual ages at which employees are likely to retire?
Which one of the following does not belong to the main products of life insurance?
If the total premium is Rs. 50,000 and the Limit of Liability is Rs. 20,000,000; what is the rate on line?
A policy that covers the cost of repairing or replacing a damaged computer system is:
What is the primary characteristic of a "soft market" in insurance?
The 'Own Damage' cover in a motor insurance policy protects the insured against:
A clause that allows the transfer of rights under a policy from one person to another, usually by means of a written document is called?
Which of the following is NOT a typical type of insurance claim?
The Life Insurance Corporation of India (LIC) came into existence in which year?
What is the main role of an insurance underwriter?
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