Question
Raj invested Rs.35000 in a business. After 6 months,
Rohan joins him with an investment of Rs.P. If at the end of the year the profit is Rs.60000 and profit share of Raj is Rs.42000. Find the value of P.Solution
Profit ratio of Raj and Rohan = 35000 x 12 : P x 6 = 70000:P According to the question, => 70000/P = 42000/(60000 – 42000) => P = Rs.30000
The first private health insurance company in India was:
In case of ambiguity in policy wording, which rule is applied?
The Employment State Insurance (ESI) Act of 1948 is applicable to all establishments having __________or more workers.
A legal concept that holds gun manufacturers liable for the cost of injuries caused by guns. Several cities have filed lawsuits based on this concept is...
The term 'total loss' in motor insurance refers to:
A wide range of ICT services including Nationwide Communication Network for decentralised planning, improvement in Government services and wider transpa...
The ownership of the four erstwhile subsidiary companies and also of the General Insurance Corporation of India was vested with?
What is the ceiling of annual premium in a Micro Variable Insurance Product?
Which of the following person is basically the representative of the customer and can sell the policies of more than one insurer?
Which of the following is one who offers claims services on behalf of the insurer?