Question
Three persons Arvind, Bittu and Chinmey entered into a
partnership with initial capitals of Rs.5000, Rs.7000, Rs.9000 respectively for 6 months, 5 months and 4 months individually. What is the profit share of B out of a total profit of Rs.25250?Solution
ATQ, Let Ratio of investment of Arvind, Bittu and Chinmey is =Â (5000 x 6) : (7000 x 5) : (9000 x 4)Â Ratio = 30 : 35 : 36Â Therefore Share of Bittu will be = 25250 x (35/101) = 8750
In case of ambiguity in policy wording, which rule is applied?
The 'No Fault Liability' provision in the Motor Vehicles Act, 1988 is applicable to: Â Â Â Â
The Life Insurance Business in India was nationalized in which year?
Process of transferring life insurance to another person is called _____ of policy.
In the context of insurance, what does "exposure" refer to?
The first unit-linked insurance plan (ULIP) was launched by which of these countries?
Under which type of plans, an insurance that provides coverage at a fixed rate of payments for a limited period of time is called?Â
What do you mean by money back policy in insurance?
In which year, the Actuaries Act was passed by Indian government?
_______ is basically a trade in which imported goods are re-exported with or without any additional processing or repackaging.