…………………policy cover loss of gross profit sustained as a consequence of business interruption.

Related MCQs

• A business takes a……………insurance policy to cover the claims for loss of stocks and loss of profit.
• If Gross profit is 600000, sales is Rs. 15,00,000 then gross profit ratio will be …………..
• If Gross profit is 54000 and sales is Rs. 180000 then gross profit ratio will be ….
• If Gross profit is Rs. 27000 and Sales Rs. 90000 then gross profit will be ……..
• IF Gross profit rate is 20% and Short Sales is Rs. 400000, then Loss of Profit on Sales will be ………..
• IF Gross profit rate is 40% and Short Sales is Rs. 250000, then Loss of Profit on Sales will be ………..
• If Net Profit is Rs. 200000 Insured Standing Charges is Rs. 160000 Sales of The Previous year is Rs. 1800000 Then Gross Profit Rate will be…………
• If Net Profit is Rs. 400000 Insured Standing Charges is Rs. 320000 Sales of The Previous year is Rs. 3600000 Then Gross Profit Rate will be…………
• A marine insurance policy is taken to cover the claims for loss of stock.
• Profit and losses can’t be ascertained because Trading and Profit and loss account can’t be prepared.