Question
‘A’ started a business by investing Rs.
1200. Three months later, ‘B’ joined by investing Rs. ‘x’. If at the end of the year ‘B’ received Rs. 18,000 as profit out of total profit of Rs. 36,000, then find the value of ‘x’.Solution
Ratio of profit share of ‘A’ and ‘B’ = (1200 × 12):(9 × x) Profit share of ‘A’ = 36000 – 18000 = Rs. 18,000 ATQ; {9x/(12 × 1200)} = (18000/18000) => 9x = 14400 So, x = 1600
Mortality Charge is the amount charged _____________ by the insurer
What do you mean by money back policy in insurance?
A 'Roadside Assistance' cover in a motor insurance policy provides:
Which feature is not allowed in the Indian insurance market?
Section 39 of Insurance Act related with which of the following ?
Intangible assets cover non-physical assets that cover ________________.
The Insurance Regulatory and Development Authority (IRDAI) was formed on the recommendation of which committee?
A retrocessionaire is:
The “Malhotra Committee” was established to:Â
Which among the following is not a characteristic of ethical behaviour?Â