A marine insurance policy is taken to cover the claims for loss of stock.
A) true
B) false
C) may be true
D) both a and b
Correct Answer:
Verified
Q8: Insured standing charges are the --------------
A)fixed charges
B)horizontal
Q9: ……………… ratio indicates the relationship of gross
Q10: Due to the inclusion of average clause
Q11: The Insurance Company cannot prevent the happening
Q12: Insurance is a financial service for collecting
Q14: The amount paid by insured to insurer
Q15: General insurance business in India is transacted
Q16: A memorandum trading account is to be
Q17: A policy of fire insurance is intended
Q18: Gross profit must always be calculated as
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