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Total wage of 23 labourers in the initial group = 23 × 460 = Rs. 10580 New average wage of the group = 460 + 40 = Rs. 500 New number of labourers in the group = 23 – 4 + 2 = 21 So, according to the question, 10580 – 4 × 350 + 2K = 500 × 21 Or, 10580 – 1400 + 2K = 10500 Or, 9180 + 2K = 10500 Or, 2K = 10500 – 9180 = 1320 Or, K = (1320/2) = 660
Insurance is listed in which schedule of the Indian constitution ?
The Institute of Insurance and Risk Management (IRM) was founded in which of the following year?
Which of the following is NOT a peril covered under the Standard Fire and Special Perils Policy?
Which of the following is NOT a factor considered by insurers while determining premium rates for motor insurance?
Which of the following terms is NOT associated with insurance?
A policy that covers the risk of theft of goods from a shop is:
Which type of insurance can covers two or more items or location ?
A term policy that can be converted to permanent coverage rather than expiring on a specific date is called?
What is the purpose of risk management for an insured?
Which of the following is NOT a typical type of insurance claim?
