When an insurance policy is declared void because of a false declaration ; the principle involved is
indemnity
subrogation
proximate cause
utmost good faith
Correct answer is D
The doctrine of utmost good faith is a principle used in insurance contracts, legally obliging all parties to act honestly and not mislead or withhold important information while entering the contract
Those who are engaged in the distribution of goods belong to
commercial occupation
extractive industry
manufacturing industry
construction industry
Correct answer is A
Commercial Occupation: This refers to all the people involved in the distribution and exchange of goods produced by the industrial sector. Examples of commercial workers are: bankers, transporters, insurers, traders, etc.
trade association
trade union
chamber of commerce
trading partnership
Correct answer is A
Trade association is an association of people or companies in a particular business or trade, organized to promote their common interests.
A cheque drawn by a bank on itself is a/an
direct debit
bank draft
bank transfer
overdraft
Correct answer is B
A bank draft is a cheque drawn by a bank on its own funds.
Which of the following is an example of large-scale retailing?
Hawking
Mobile shops
Kiosks
Department stores
Correct answer is D
Large-Scale Retailers