Start learning 50% faster. Sign in now
ATQ,
Calculate a = 252 −125 = 500. Cost Price (CP) = 1a = 500, Selling Price (SP) = 2a = 1000, Marked Price (MP) = 500+700 = 1200. Increase CP and SP by Rs. 100: New CP = 600, New SP = 1100. Discount = MP - New SP = 1200 - 1100 = 100. Profit = New SP - New CP = 1100 - 600 = 500. Difference = Profit - Discount = 500 - 100 = 400.
The 'Insured's Declaration' form is typically filled by:
When insurance companies undercut each other to grab market share by reducing premium, it is known as:
A form of reinsurance that indemnifies the ceding company for the accumulation of losses in excess of a stipulated sum arising from a single catastroph...
Which of the following is a public sector general insurance company in India?
Third-Party Administrators (TPAs) are primarily involved in:
A policy that covers loss or damage to a shopkeeper's property and business interruption is:
The Insurance Regulatory and Development Authority (IRDAI) was formed on the recommendation of which committee?
A term policy that can be converted to permanent coverage rather than expiring on a specific date is called _________.
What type of insurance covers goods in transit by road, rail, sea, or air against various risks?
What is the minimum tenure of public provident fund?