The principle of subrogation in insurance means that?
the insured could make profit from his loss
the insured must be fully indemnified
those insured should pool their risks
parties to the insurance contract must reveal all relevant facts
the insurer takes the place of the insured in respect of claims due from third paarties
Correct answer is E
No explanation has been provided for this answer.
Which of the following is a function of marketing?
manufacturing
quality control
book-keeping
distribution
extraction
Correct answer is D
No explanation has been provided for this answer.
When a share is bought at a rate below the par value, it is said to have been sold?
at a discount
cum div
at a premium
ax-div
pro-rata
Correct answer is A
No explanation has been provided for this answer.
A'bear' on the stock exchanges sells share in anticipation of?
a fall in price
a rise in price
a change in price
the liquidation of the company concerned
new issues
Correct answer is A
No explanation has been provided for this answer.
Which of the following enhances the leading powers of commercial banks?
High bank rate
Increased cash reserve ratio
Provision for bad and doubtful debts
Decreased liquidity ratio
Increased Capital base
Correct answer is D
No explanation has been provided for this answer.