What is the meaning of indemnify in insurance?
A. To put back in the same financial position just prior to the loss
B. To put aside funds to pay for losses reported but not yet paid
C. To transfer risk to someone who has better financial resources and can withstand loss
D. To make financial provisions for dealing with potential losses
Answer: Option A
This Question Belongs to Commerce >> Banking And Financial Institutions
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 2 and 4
D. 1, 2, 3 and 4
The coverage of Right to Information Act (RTI), 2005 is:
A. Whole of India
B. Whole of India, except North Eastern States
C. Whole of India, except the State of Jammu & Kashmir
D. None of the above
Second generation reforms in our country do not comprise of which one of the following?
A. Exploiting the knowledge based global economy
B. Growing Indian transnational corporations
C. Population control measures
D. Clean environment
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