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प्रश्न
State with Reasons whether the following statement is TRUE or FALSE.
The principle of indemnity applies to life insurance.
पर्याय
True
False
उत्तर
The principle of indemnity applies to life insurance- False
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. In case of life insurance, it is not possible for the insurer to compensate the life of the insured. Thus, the principle of indemnity is not applied to life insurance.
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संबंधित प्रश्न
Distinguish between Water Transport and Air Transport
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 ________.
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 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 policy under which cargo is insured for a specific period & voyage.
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.
Write a word or phrase or a term which can substitute the following:
Mode of transport which helps to get goods and passengers at their door.
Distinguish between the following:
Cheque & Bank Overdraft
Distinguish between the following:
Road transport & Rail transport
Write Short Note on the following:
E-banking
Write Short Note on the following:
Rail transport
Write Short Note on the following:
Air transport
Write Short Note on the following:
Water transport
State with Reasons whether the following statement is TRUE or FALSE.
Transport helps in raising standard of living.
Answer the following question:
Describe the role of transport in modern times.
