Question
A and B together started a business with initial
investment in the ratio of 1:6, respectively. The time-period of investment for A and B is in the ratio of 4:11, respectively. Find the profit share of B, if the profit share of A is Rs 1000.Solution
Ratio of the profit share of A to B = (1 × 4): (6 × 11) = 2: 33 Profit share of B = (33/2) × 1000 = Rs 16500
A policy that combines protection against premature death with a savings account that can be invested in stocks, bonds, and money market mutual funds at...
“Leadership and Beyond” is the tagline of which insurance company?
A policy that covers the cost of repairing or replacing damaged electronic equipment is:
The Payment to the policyholder at the end of the stipulated term of the policy is called?
___________ is a type of life insurance policy designed to pay a lump sum on maturity or on death.
The principle of "subrogation" in insurance refers to:
What is the primary function of a reinsurer?
The 'Insured Declared Value' (IDV) of a vehicle refers to its:
Which Section of the IRDA Act 1999, specifies the Duties, Powers and Functions of the Authority?
The Insurance Regulatory and Development Authority (IRDA) was established in:Â
