Question
Read the given statements and conclusions carefully.
Assuming that the information given in the statements is true, even if it appears to be at variance with commonly known facts, decide which of the given conclusions logically follow(s) from the statements. Statements: All blues are whites. Some whites are greys. Conclusions: I. All greys are whites. II. All greys are blues.Solution
The least possible diagram for the given statements is as follows:  Conclusions: I. All greys are whites → False (because statement given some whites are greys) II. All greys are blues → False (because no direct relationship is given between greys and blues) Hence, “Neither conclusion I nor conclusion II follows".
Which bank was recently authorized by RBI to undertake the government business on behalf of RBI?
A policy that covers damage to neon signs is:
The 'Act Only' policy covers:
What is the purpose of a risk survey in underwriting?
A person named in a life insurance contract to receive the benefits of the policy if other named beneficiaries are not living is referred as ________.
In which year New India Assurance Co Ltd nationalized?
The role of a risk engineer in the insurance process is to:
If you might want to discontinue the policy, and take whatever money is due to you. The amount the insurance company then pays is known as?
What is the purpose of risk management for an insured?
In a "hard market," what typically happens to insurance premiums and coverage?