HSC Commerce: Marketing and Salesmanship 12th Standard Board Exam - Maharashtra State Board Question Bank Solutions for Organisation of Commerce and Management

In ________ policy, several ships belonging to one owner are insured under the same policy.

Answer in one sentence.

What is 'subject matter' in insurance?

Correct the underlined word and rewrite the following sentence.

Insurance helps to maximize the risks in the business.

Explain the following term/concept.

Insurance

Study the following case/situation and express your opinion.

1. Suggest him a policy which can satisfy the requirements of his children.
2. Who are beneficiaries of policy?
3. In the above case which principle is involved?

Mr. Amit is a businessman. He has his own factories in Pune and Nashik. He lives in Pune with his wife and 2 daughters aged 5 and 8 years.

1. Can Mr. Amit take a life insurance policy for his wife and 2 children?
2. Can Mr. Amit take a marine insurance policy for his factories?
3. Which type of insurance should Mr. Amit take for protecting his factories from loss due to fire?

Distinguish between Life Insurance and Marine Insurance. 

State four life insurance policies?

Justify the following statement.

Principle of subrogation is applicable to all contracts of indemnity.

Explain marine insurance policies.

What is insurance?

Give one word/term/phrase for the following sentence.

Sub-segment of BPO

KPO requires advanced analytical and technical skills.

Answer in one sentence.

What is KPO?

Correct the underlined word and rewrite the following sentence.

KPO includes less knowledge-based and specialized work.

Explain the following term/concept.

KPO

What is KPO? Explain in detail.

In India, the consumer protection act was initiated in the year ______.

In modern competitive market, consumer is regarded as the ____________.

Consumer Protection Act is not required in India.