Question1. Illustrate the term insurance.
Question2. Make a distinction between Double insurance and Re-insurance.
Question3. Illustrate the term Premium. What are the factors which affect computation of premium?
Question4. Illustrate the term fire insurance. Describe various functions of the fire insurance.
Question5. Explain the different documents needed for marine insurance claim.
Question6. Describe law of demand and demonstrate it.
Question7. Describe the features of the trade cycle.
Question8. Write down the determinants of the supply.
Question9. Indicate the significance of elasticity of demand in business decisions.
Question10. Describe the techniques of the cost control.