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प्रश्न
Principle of indemnity is not applicable to ______.
विकल्प
Life insurance
Fire insurance
Marine insurance
उत्तर
Principle of indemnity is not applicable to life insurance.
Explanation:
According to the principle of indemnity, the insurer assures the insured that he/she will bring the insured back to the position he/she was in prior to the occurrence of an uncertain event. As in the case of life insurance, the deceased person cannot be made alive again. Hence, the principle of indemnity is inapplicable here.
संबंधित प्रश्न
Road Transport V/s Rail Transport
Select the proper option from the options given below and rewrite the completed sentence.
Insurable interest must exist in ________.
Select the proper option from the options given below and rewrite the completed sentence.
Door to door services is offered by ________.
Select the proper option from the options given below and rewrite the completed sentence.
Road transport is suitable for ________ distance.
Match the correct pairs:
| Group “A” | Group “B” | ||
| a. | RBI | 1 | Recurring deposit account |
| b. | Overdraft | 2 | 12 hours service |
| c. | Saving account | 3 | Withdrawals after fixed period of time |
| d. | ATM | 4 | Central Bank |
| e. | Fixed deposit account |
5 | Current Account |
| 6 | Salaried people | ||
| 7 | 24 hours service | ||
| 8 | Commercial bank | ||
| 9 | Cash credit | ||
| 10 | Withdrawal before fixed period of time. |
Write a word or phrase or a term which can substitute each one of the following:
The account suitable for salaried people.
Write a word or phrase or a term which can substitute the following:
Overdraft facility is given to a certain definite account holder.
Write a word or phrase or a term which can substitute the following:
A bank, which is known as banker's bank.
Write a word or phrase or a term which can substitute the following:
An electronic letter through which the messages can be exchanged on the computer.
Write a word or phrase or a term which can substitute the following:
The costliest mode of transport.
Write Short Note on the following:
Types of marine insurance policies
Write Short Note on the following:
Water transport
State with Reasons whether the following statement is TRUE or FALSE.
Duty paid warehouses help to provide storage for perishable commodities.
State with Reasons whether the following statement is TRUE or FALSE.
Air transport is suitable for short distances.
State with Reasons whether the following statement is TRUE or FALSE.
Water transport is the costliest means of transport available.
Answer the following question in short:
What are the agency functions of banks?
Answer the following question in short:
What is e-banking?
Answer the following question:
Describe the role of transport in modern times.
State with reasons whether the following statement is True or False.
Transport is useful in raising standard of living.
