Question
The income of ‘A’ increases by 10% every year. If
his income 2 years hence from now will be Rs. 39930, then find his income a year before from now.Solution
Let the present income of ‘A’ be Rs. x Therefore, x(1 + 10/100)2 = 39930 Or, x = 39930/(1.1)2 = 33000 Therefore, his income a year before from now = 33000/1.1 = Rs. 30000
A policy that covers jewellers against various risks, including theft, robbery, and damage to jewellery, is:
What is a coverage for bodily injury or property damage caused by an intoxicated person who was served liquor by the policyholder?
Which of the following terms is NOT associated with insurance?
How many maximum children from a family are covered for the benefits under the ShikshaSahyogYojana launched by the LIC ?
Any such transaction, in which any property is transferred in the name of one person and payment is made by another person is known as?
 Which of the following CANNOT be undertaken as a function by the India Post Payment Bank?
Who has been elected as the president of Auto industry body 'Society of Indian Automobile Manufacturers' (SIAM) for 2022-23?
A demand made by the insured, or the insured’s beneficiary, for payment of the benefits as provided by the policy is known as?
What is a type of reinsurance in which the reinsurer can accept or reject any risk presented by an insurance company seeking reinsurance?
A standing agreement between insurers and reinsurers. Under a treaty each party automatically accepts a specific percentage of the insurer’s business ...
Relevant for Exams:
