Question
The price of a laptop undergoes two consecutive changes
over two months. In the first month, its price decreases by 10%, followed by an increase of 20% in the second month. After these adjustments, the laptop’s price at the end of the second month is ₹39,960. Determine the original price of the laptop before any changes were applied.Solution
Let the original price of laptop was = 100x Price of laptop after 1 month = 90% of 100x = 90x Price of laptop after secondmonth = 120% of 90x = 108x 108x = 39,960 x = 370 original price of laptop = 100x = 37,000
A policy that covers jewellers against various risks, including theft, robbery, and damage to jewellery, is:
The contractual term for the premium in an insurance contract is known as:
Insurance penetration measures:
Insurance companies can have a exposure of to financial and insurance activities upto ____ of investment assets as per IRDAI.Â
Which of the following is NOT a duty of the insured in case of a loss?
A policy that can be cancelled or have the premiums raised by the insurer on a specific anniversary date, subject to certain reasons written into the po...
Insurance premiums are payable in advance but the insurance company does not fully earn them until the policy period expires is termed as?
The Insurance Ombudsman was established to:
The practice of buying or selling of a security by someone who has access to material nonpublic information about the security, is termed as?
Which among the following banks is a subsidiary of the Life Insurance Corporation of India (LIC)?
