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The consumer protection Act established ______ Tier quasi-judicial systems for consumer protections exists.
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Arrange in proper order.
National Commission, District Commission, State Commission.
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Arrange in proper order.
District Judge, Supreme Court Judge, High Court Judge
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Correct the underlined word and rewrite the following sentence
An appeal can be filed against the order of the National Commission to the State forum.
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Justify the following statement.
The Consumer Protection Act was passed in the interest of consumers.
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Explain the three-tier quasi-judicial machinery under the Act.
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Explain the principles of insurance.
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In ___________ policy subject matter is insured for specific voyage irrespective of time.
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Match the correct pairs.
| Group A | Group B |
| A. Sprinkler policy | 1. provides a regular percentage of the sum assured |
| B. Child insurance | 2. marketing |
| C. Money back policy | 3. demand made by insured to insurer for loss occurred due to mishap |
| D. Claim | 4. profit |
| E. Insurance | 5. proposal |
| 6. protection from financial loss | |
| 7. for voyage | |
| 8. ULIP | |
| 9. suitable for children | |
| 10. fire insurance |
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Write a word or phrase or a term which can substitute the following:
A Sub-segment of BPO.
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Select the correct option.
(District commission, 2019, not less than four members, Compensation exceeds ten crores, Janahit Yachika)
| Group A | Group B |
| A. District Judge | ______ |
| B. ______ | Members of the National Commission |
| C. Consumer Protection Act | ______ |
| D. National Commission | ______ |
| E. ______ | Matter of general public interest |
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Correct the underlined word and rewrite the sentence.
The person who is protected against certain losses is known as insurer.
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Explain the following term/concept.
Marine Insurance
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Explain the following term/concept.
Life Insurance
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Explain the following term/concept.
Fire insurance
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Study the following case/situation and express your opinion.
Mr. Sadagopan is a businessman he has two factories in Indore and Bhopal. He lives in Bhopal with his wife and two daughters aged 5 and 8 years.
- Can Mr. Sadagopan take life insurance policy for two children?
- Is child insurance is suitable for a wife of Mr. Sadagopan?
- Which type of insurance should Mr. Sadagopan take for protecting his factories from loss due to fire?
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Distinguish Between:
Fire Insurance and Marine Insurance
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Distinguish Between.
KPO and LPO
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Give one word or phrase for the following sentence:
Name of the policy where several ships belonging to one owner are insured under the same policy.
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