. ………..is the amount payable to the insured on the happening of event.

Related MCQs

• An item which may or may not be the liability of the company due to happening of certain event is…………
• In case debentures of Rs. 10,000 are issued at par but payable at a premium of 10% the premium payable will be debited to:
• Changes in the rate of Preference dividend payable in future without any change in the amount of capital is known as ___
• The amount payable to a person as consideration for the use of rights vested in him is
• When policy matures on the death of the insured, it is expressed as
• Under the average clause, the loss is suffered by both insurer and insured in the ratio of risk covered Sol:
• Which of the following statements is true with regard to written down value method of depreciation? i. The rate at which the asset is written off reduces year after year ii. The amount of depreciation provided reduces from year to year iii. The rate of depreciation as well as the amount of depreciation reduce year after year iv. The value of the asset gets reduced to zero over a period of time
• If a fixed amount is withdrawn on the first day of every month of calendar year by a partner in partnership firm, then for what period the interest on the total amount of drawings will be calculated?
• Accrued Holiday remuneration becoming payable to any workman is treated as ________________________
• If the remuneration to liquidator is payable as a percentage of collection_______________