Question

11 Distinguish between Fire Insurance and Marine Insurance on any
three bases. .
अग्नि बीमा एवं समुद्री बीमा में कोई तीन अन्तर स्पष्ट कीजिए ।
12 State any three economic objectives of business.
व्यवसाय के किन्हीं तीन आर्थिक उद्देश्यों का उल्लेख कीजिए ।
nnd Sale Propriet​

Answer 1

Answer:

Fire insurance is an insurance that covers the risk of fire. It covers goods or property of the insured person. On the contrary. Marine insurance is one that encompasses risks associated with the

Answer 2

1. As against, in case of marine insurance, the insurable interest must be there only at the time of loss. Fire insurance covers risks due to fire and associated risks. Conversely, marine insurance covers sea perils. The claim in case of fire insurance is the amount insured, or the actual loss sustained whichever is less.
2. Its economic objectives relate to earning a satisfactory profit, creating customers and making innovation. Its social objectives comprise supply of quality goods in sufficient quantity at reasonable prices, fair deal to workers, fair returns to investors, and fair dealings with suppliers of materials.