Question
A, B and C invested in partnership. A invest Rs.8000 for
6 months, B invests Rs.6000 for 4 months and C invests Rs.12000 for 3 months. C is working partner so he will get 5% extra of total profit. Find profit share of C if total profit at the end of the year is Rs.8100.Solution
Ratio of profit share of A, B and C = 8000 x 6 : 6000 x 4 : 12000 x 3 = 4:2:3 Profit share of C out of total profit = [8100 x (5/100)] + [8100 x (95/100) x (3/9)] = Rs.2970
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
Relevant for Exams:
