Business Services, Social Responsibility and Emerging Modes

Every partner acts in the capacity of

• An agent as well as a principal

• Only agent of the firm

• Only principal of the firm

• None of these

Which of the following is a contract of indemnity

• Life Insurance

• Fire insurance

• Marine insurance

• Both b and c

In case of life insurance insurable interest must exist at time of

• Taking the policy

• Maturity

• Both a and b

• None of these

Which of the following is also known as contract of assurance

• Marine insurance

• Life Insurance

• Health Insurance

• Fire insurance

In case of which card holder can spend money only up to the balance in his account

• Credit card

• Debit card

• Both a and b

• None of these

(a)   account is meant for people who wish to save a part of their income to safeguard the future and earn interest on it

The minimum period of deposit in case of recurring deposit account is _________ months and maximum is ________ years.

(a)  

(a)   refers to that Bank draft which is payable within the town.

(a)   Refer to a loan given to the borrower against his current assets like shares, stocks, bonds, etc.

According to the principle of (a)   , the insurer gets all the rights against the third party with respect to the subject matter insured after compensating the loss of the insured.