Maharashtra State BoardHSC Commerce 12th Board Exam
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Choose the correct alternative : Insurance companies collect a fixed amount from their customers at a fixed interval of time. This amount is called - Mathematics and Statistics

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MCQ

Choose the correct alternative :

Insurance companies collect a fixed amount from their customers at a fixed interval of time. This amount is called

Options

  • EMI

  • Installment

  • Contribution

  • Premium

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Solution

Insurance companies collect a fixed amount from their customers at a fixed interval of time. This amount is called Premium.

Concept: Concept of Insurance
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Balbharati Mathematics and Statistics 2 (Commerce) 12th Standard HSC Maharashtra State Board
Chapter 2 Insurance and Annuity
Miscellaneous Exercise 2 | Q 1.02 | Page 29
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