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प्रश्न
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
उत्तर
The principle of insurance under which the insurer and insured must show complete faith towards each other - Principle of utmost good faith
Explanation:
The principle of utmost good faith states that the insurer and the insured should have faith in each other and in the contract. Each should disclose all the necessary information related to the subject matter of the insurance. Complete faith towards each other is the prime condition of every contract.
संबंधित प्रश्न
In India railways are owned and managed by......................................
- Private companies
- Government
- Individuals
Distinguish between Water Transport and Air 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.
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. |
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:
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:
Mode of transport which helps to get goods and passengers at their door.
Write Short Note on the following:
E-banking
Write Short Note on the following:
Road 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.
State with reasons whether the following statement is True or False.
Transport is useful in raising standard of living.
