Question
A and B started a business by investing Rs.7000 and
Rs.10000 respectively. After 8 months A withdrew 50% of his investment. If at the end of the year, profit share of B is Rs.8400, then find the profit share of A.Solution
Profit sharing ratio A and B = 7000 x 8 + 3500 x 4 : 10000 x 12 = 7:12 So, profit share of A = 8400 x (7/12) = Rs.4900
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