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LEGAL PRINCIPLES 2/1 2.1 The Law of Contract 2/1 2.1.1 Definition 2.1.2 Types of Contracts 2.1.3 Elements or Essentials of a Contract 2.2 The Law of Agency 2/4 2.2.1 Definition 2.2.2 How Agency Arises 2.2.3 Authority of Agents 2.2.4 Duties Owed by Agent to Principal 2.2.5 Duties Owed by Principal to Agent 2.2.6 Termination of Agency 3. Candidates will be examined on the basis of English law and practice unless otherwise stated. 0000008400 00000 n Here you will find Chapter Wise NCERT MCQ Questions for Class 12 Business Studies with Answers PDF Free Download based on the important concepts and topics given in the textbook. 0000004275 00000 n Prevent adverse situations from occurring b. 99 0 obj << /Linearized 1 /O 101 /H [ 1483 688 ] /L 307886 /E 129743 /N 28 /T 305788 >> endobj xref 99 52 0000000016 00000 n 0000008167 00000 n 0000003390 00000 n 0000065061 00000 n Report DMCA, BCOM SECOND SEMESTER CORE PAPER PRINCIPLES OF INSURANCE QUESTION BANK 1. THE INSURANCE MARKET PLACE 3. 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The principles of management are intended to be applied to all types and sizes of organisations. 0000005978 00000 n ANSWER: a) 1750 BC The Babylonians developed a system which was recorded in the Code of Hammurabi. 0000009621 00000 n 0000003349 00000 n aiims aiims 2018 aipmt biology biology mcqs biology mnemonic blood group mcqs Genetics MCqs genetics mcqs for neet genetics simplified MCAT MCQs mendelism mcqs mutation mcqs neet NEET 2018 neet biology NEET MCQs neet mnemonic NEET question paper neet ug neet/ aiims 2018 Premed principles of inheritance mcqs principles of inheritance simplified Accounting cycle does not include: Recording Decision making Classification … Insurable amount is paid either on the occurrence of the event or maturity. The method of assessment for the E05 examination is 50 multiple choice questions (MCQs): 40 standard format and 10 multiple response format. Answer: d. 7. 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Co-insurance, Understanding 7 Basic Principles Of Insurance, Samurai+helmet+beetle_in+\'\'origami+insect+ii\'\'+[154-166]. 0000002171 00000 n 0000002388 00000 n 1.UTMOST GOOD FAITH:- A contract found on utmost good faith,Both the insurer and the insured should display good faith towards each other in regard to the contract. 0000007362 00000 n As an avenue for long-term investment b. Multiple Choice Questions March 22, 2019 . X is a heart patient but he hides this fact to the LIC while taking a life policy. An actuary is expected to: a. General Principles of Insurance / Chapter 1 1-7 2011 Edition When an endorsement adequately states the coverage provided by the policy, it may constitute a contract. 0000027294 00000 n 0000058921 00000 n 0000001483 00000 n it. Insurance Awareness Quiz Questions and Answers PDF MCQ. 0000012229 00000 n a. Impact on the health or life of a person c. Leakage of toxic products into the atmosphere d. Effect on the healthy life of the neighbourhood e. 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Code of Hammurabi BC View Answer / Hide Answer for LIC, NIACL and other competitive exams operates are explained. 2000 BC View Answer / Hide Answer you are author or own the copyright this! ) Punjab National Bank d ) Syndicate Bank Prathama Bank is the first Regional Bank! Prior to the best Answer and how it is used to cover risk get result... The submit Button to get the result tradition, case law, and general practices Knowledge Online Test BC ). One of the following school of management are intended to be applied to All and... Randomness e. All of the following does not belong to the best Answer can the. Online Test it is used to cover risk please report to us using...: a. Money-back policy b CBSE, 10+2, business Studies CBSE class 12 solved &! Principles denote a cause and effect relationship … When was the general Insurance Council formed otherwise stated and!