Stock of goods destroyed by Fire Rs. 10000 Stock of goods salvaged Rs. 2000, Value of insurance policy Rs. 9000. There is an average clause in the policy, Then the Amount of claim is -
A) Rs. 9500
B) Rs. 5500
C) Rs. 7500
D) Rs. 2500
Correct Answer:
Verified
Q14: Interest is calculated on_ under hire purchase agreement.
A)Cash
Q15: In case of Hire purchase, the depreciation
Q16: According to hire purchase agreement Rs. 25000
Q17: Fire insurance Provides cover for -
A)Tangible Assets
B)Intangible
Q18: The Average Clause in a loss of
Q19: Consequential loss policy indemnifies -
A)Capital Losses
B)Revenue Losses
C)Budgeted
Q21: If indemnity period is six months, Standard
Q22: Opening stock Rs. 25000, Purchases Rs. 125000,
Q23: Consequential loss policy for fire insurance gives
Q24: Contract of Insurance is a contract between
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