Question
The ratio of the rate of filling of two taps A and B is
3:2, respectively. If working together they can fill 3/4 of a tank in 18 minutes, how long will tap A alone take to fill the tank?Solution
ATQ, Let the rate of filling of taps A and B be ‘3a’ units per minute and ‘2a’ units per minute, respectively. Total capacity of tank = 24 × (3a + 2a) = 24 × 5a = 120a units Required time taken by tap A = 120a/3a = 40 minutes
A standing agreement between insurers and reinsurers. Under a treaty each party automatically accepts a specific percentage of the insurer’s business ...
The insurance in which risks are shared between multiple insurers is known as?
Insurance companies that band together as self-insurers and form an organization that is chartered and licensed as an insurer in at least one state to h...
The principle of construction ensures:
If an organization wishes to venture into Insurance Business it has to obtain a licence firstfrom which of the following ?
What is the primary purpose of facultative reinsurance?
What is the purpose of "co-insurance" in an insurance policy?
In the context of insurance, what does "exposure" refer to?
What does "subrogation" mean in the context of insurance?
Which of the following bank is not involved in housing finance to general public?