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Multiple choice questions: Premium is paid on ______ value - Mathematics and Statistics

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प्रश्न

Multiple choice questions: 

Premium is paid on ______  value

विकल्प

  • property

  • policy

  • insured

  • both policy and insured

MCQ
रिक्त स्थान भरें

उत्तर

policy

shaalaa.com
Fire Insurance
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 2.2: Insurance and Annuity - Q.1

संबंधित प्रश्न

A building is insured for 75% of its value. The annual premium at 0.70 percent amounts to ₹ 2,625. If the building is damaged to the extent of 60% due to fire, how much can be claimed under the policy?


A stock worth ₹ 7,00,000 was insured for ₹ 4,50,000. Fire burnt stock worth ₹ 3,00,000 completely and damaged the remaining stock to the extent of 75 % of its value. What amount can be claimed under the policy?


A warehouse valued at ₹ 40,000 contains goods worth ₹ 2,40,000. The warehouse is insured against fire for ₹ 16,000 and the goods to the extent of 90% of their value. Goods worth ₹ 80,000 are completely destroyed, while the remaining goods are destroyed to 80% of their value due to a fire. The damage to the warehouse is to the extent of ₹ 8,000. Find the total amount that can be claimed under the policy.


State whether the following is True or False :

General insurance covers life, fire, and theft.


Multiple choice questions:

The amount which can be demanded under the policy is ______


Multiple choice questions:

A shop valued ₹ 2,00,000 is insured at 80% of it’s value. If the rate of premium is 4%, then the premium is ______


Multiple choice questions:

If the claim under the policy is ₹ 4,000 and ratio of property value to policy value is 5:4 then loss occurred is ______


Multiple choice questions: 

The period for the fire insurance policy is ______


A shop and a godown worth ₹ 1,00,000 and ₹ 2,00,000 respectively were insured through an agent who was paid 12% of the total premium. If the shop was insured for 80% and the godown for 60% of their respective values, find the agent's commission, given that the rate of premium was 0.80% less 20%


A merchant takes fire insurance policy to cover 80% of the value of his stock. Stock worth ₹ 80,000 was completely destroyed in a fire. while the rest of stock was reduced to 20% of its value. If the proportional compensation under the policy was ₹ 67,200, find the value of the stock


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