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    Question

    In relation to insurance sector, what is the full form

    of FPR?
    A Free Premium Receipt Correct Answer Incorrect Answer
    B First Premium Receipt Correct Answer Incorrect Answer
    C First Pay Receipt Correct Answer Incorrect Answer
    D First Premium Report Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    After receiving the payment, the insurance company issues the First Premium Receipt, which acknowledges the proposal of the life-assured. It is known as FPR. 

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