Question
Fill in the Blanks: In an economy as a whole,
income must _______ expenditure.Solution
GDP is a measure of the total income of everyone in the economy AND the total expenditure on the economy's output of goods and services. In an economy as a whole, income must equal expenditure. GDP is computed as the "market value of all FINAL goods and services produced within an economy in a given period of time.
A contract, such as an insurance contract, requiring that certain acts be performed if recovery is to be made is known as?
Coverage against loss through stealing by individuals not in a position of trust is called?
What covers professionals for negligence and errors or omissions that injure their clients?
A professional liability coverage for physicians, lawyers, and other specialists against suits alleging negligence or errors and omissions that have har...
Which of the following organization provides export credit insurance support to Indian exporters?
What does ‘Paid Up’ policy means in insurance?
Coverage for property taken or destroyed by breaking and entering the insured’s premises, burglary or theft, forgery or counterfeiting, fraud, kidnap ...
The Insurance Act has __________sections and ______ schedules.
What is a form of non-proportional reinsurance?
A single insurance policy that combines several coverage previously sold separately is termed as?
