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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.
पर्याय
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
Write Short Note on the following:
Role of transport
Road Transport V/s Rail Transport
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.
Door to door services is offered 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. | Road transport | 1 | Government owned |
| b. | Rail transport | 2 | Co-operative societies |
| c. | Air transport | 3 | Self employed |
| d. | Postal department | 4 | Owned by private companies |
| e. | Courier services | 5 | Door to door service |
| 6 | Owned by individuals | ||
| 7 | Costliest means of transport | ||
| 8 | Huge carrying capacity | ||
| 9 | Difficulty in transport | ||
| 10 | Cheapest means of transport |
Write a word or phrase or a term which can substitute the following:
An account where fixed amount is kept for a specific period.
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:
A device through which calls and messages can be sent and received
Distinguish between the following:
Road transport & Rail transport
Distinguish between the following:
Rail Transport & Air Transport
State with Reasons whether the following statement is TRUE or FALSE.
The principle of indemnity applies to life insurance.
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.
Duty paid warehouses help to provide storage for perishable commodities.
State with Reasons whether the following statement is TRUE or FALSE.
E –payment facility is not available to general public.
State with Reasons whether the following statement is TRUE or FALSE.
Water transport is the costliest means of transport available.
Answer the following question:
Describe the role of transport in modern times.
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.
