Question
Which of the following principles of Insurance denotes
insurance of same subject matter with two different companies or with the same company under two different policies?Solution
Situation in which the same risk is insured by two overlapping but independent insurance policies. It is lawful to obtain double insurance, and the insured can make claim to both insurers in the event of a loss because both are liable under their respective polices. The insured, however, cannot profit (recover more than the loss suffered) from this arrangement because the insurers are law bound only to share the actual loss in the same proportion they share the total premium. Also called dual insurance
Which of the following category of assets would be a NPA account?
Which of the following model/ method makes use of Beta (β) in the calculation of the cost of equity?
What is the primary objective of the Credit Guarantee Scheme introduced for MSMEs in the Budget 2024-25?
In management, defining goals for company's future direction and determining on the missions and resources to achieve those targets, is termed as-
How much provision is required for an asset which is there in a doubtful category 1-3 years?
What is the primary purpose of the WEIDE fund launched by the WTO and ITC?
Name the autonomous body in India which hear and dispose appeals against orders passed by the Securities and Exchange Board of India (SEBI)
Which regulator is responsible for overseeing the functioning of REIT and InvIT in India?
With respect to Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), a person can join PMJJBY with one Insurance company with ________ bank account.
What is the maximum amount of ECB any eligible borrower can raise per financial year under the automatic route?
