The contract to pay a premium for which the insurer will pay compensation in certain happenings e.g., fire theft or motor accident is termed as:

Related MCQs

• Sums of money laid aside and normally invested to provide a regular income on retirement or in compensation for disablement for the remainder of a person’s life is called:
• 'Hire and Fire' is the policy of -
• The business arrangement in which two companies invest in a project over which both have partial control is termed as:
• Which one of the following categories of workers is termed as cultivators?
• The reduction of the fixed official rate at which one currency is exchanged for another in a fixed exchange rate regime is termed:
• A market in which supply and demand are not subject to regulation other than normal competition policy is termed:
• A commodity for which demand increases at higher prices and falls at lower prices is termed as:
• The degree to which an asset can be quickly and cheaply turned into money, is termed as:
• The part of the economy in which economy activity is carried on by private enterprise is termed:
• The type of currency issued by government as legal tender the value of which is based solely on decree or law rather than actual coin or precious metal reserves is termed as: