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प्रश्न
State with Reasons whether the following statement is TRUE or FALSE.
Insured must have insurable interest in the subject matter at the time of taking the policy.
विकल्प
True
False
उत्तर
Insured must have insurable interest in the subject matter at the time of taking the policy- True
Explanation:
The term “insurable interest” means that if a person is planning to get himself/herself or his/her property insured, then he/she must have an interest in it. Thus, insurable interest must exist at the time the policy is taken.
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संबंधित प्रश्न
State the advantages of Road Transport.
Distinguish between Water Transport and Air Transport
Air Transport? Advantages and Limitations?
Select the proper option from the options given below and rewrite the completed sentence.
In India railways are owned and managed by ________.
Select the proper option from the options given below and rewrite the completed sentence.
The costliest means of transport is ________.
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. |
Match the correct pairs :
| Group “A” | Group “B” | ||
| a. | Life Insurance | 1 | Claim made by insured |
| b. | Mitigation of loss | 2 | Perishable goods |
| c. | Premium | 3 | Insurable interest |
| d. | Cold storage | 4 | Maximum loss |
| e. | Warehousing | 5 | Transfer of goods from one place to other |
| 6 | To minimise the loss | ||
| 7 | Imported goods | ||
| 8 | Principle of indemnity | ||
| 9 | Storage of goods | ||
| 10 | Payment made by policy holder |
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:
The type of insurance where the principle of indemnity is not applicable
Write a word or phrase or a term which can substitute the following:
The principle of insurance under which the insurer and the insured must show complete faith towards each other
Write a word or phrase or a term which can substitute the following:
A device through which calls and messages can be sent and received
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.
Distinguish between the following:
Cheque & Bank Overdraft
Write Short Note on the following:
Types of fire insurance policies
Write Short Note on the following:
Water transport
State with Reasons whether the following statement is TRUE or FALSE.
An individual must always tries to minimise the loss by fire as far as possible.
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.
Rail transport provides door to door services.
Answer the following question:
Describe the role of transport in modern times.
