Question
βAβ started a business by investing Rs. 2000. Three
months later, βBβ joined by investing Rs. βxβ. If at the end of the year βBβ received Rs. 18,000 as profit out of total profit of Rs. 34,000, then find the value of βxβ.Solution
Ratio of profit share of βAβ and βBβ = (2000 Γ 12):(9 Γ x) Profit share of βAβ = 34000 β 18000 = Rs. 16,000 ATQ; {9x/(12 Γ 2000)} = (18000/16000) => 9x = 27000 So, x = 3000
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 βMalhotra Committeeβ was established to:Β
Which among the following is not a characteristic of ethical behaviour?Β