utmost good faith
subrogation
insurable interest
indemnity
contribution
Correct answer is C
No explanation has been provided for this answer.
Which of the following is an example of insurable risk?
Change in consumer's taste
The probability of a third world war
Flood resulting from excessive rain in a year
The death of a business partner
Loss due to change in fashion
Correct answer is D
No explanation has been provided for this answer.
Which of the following is not a function of Development Banks?
Give long-term loans
invest directly into Agriculture
Issue currency notes
Give technical advice to investors
Embark on priority projects of governments
Correct answer is C
No explanation has been provided for this answer.
Which of the following is not a means of controlling credit by the Central Bank?
Fixing the bank rate
Open market operations
Clearing inter-bank indebtedness
Special deposits
Cashliquidity ratio
Correct answer is C
No explanation has been provided for this answer.
Which of the following is true of rail transport?
Suitable for perishable goods
Fast over long distances
Maximum handling of goods
Gaurantees safety of goods
Does not travel on schedule
Correct answer is D
No explanation has been provided for this answer.