Question

Amarjeet had insured the stock of timber on his land under a fire policy. He had already sold the timber to a company of which he was the only shareholder. Later on the timber as damaged by fire. The insurance company refused to make the payment for claim as it came to know about the situation. On the basis of the given information about Amarjeet, answer the following questions: (a) Is Amarjeet entitled to receive the claim? Give reason in support your answer. (b) Explain the relevant principle of Insurance applied by insurance company in rejecting the claim.​

Answer 1

Answer:

B. Short answer type questions:

1. Explain the process of Cell Selection.

Ans: Cell selection is a fundamental excel skill. We can select a single cell , a block of cells, a horizontal row or vertical column or several rows or columns at the same time.

2. What are the three categories of data one can put into a worksheet?

Ans: The three categories of data that we can put into a worksheet are –text, number and formulas.

3. How does a formula work in Excel worksheet?

Ans: A formula returns a value in a cell based on numbers arithmetic operators such as plus or multiply and a cell references we supply it with.

C. Long answer type questions:

1. How can you multiply values of two cells? Give example.

Ans: To multiply values of two cells we can type an = sign into the cell followed by the address of the two reference cells separated by the multiplication operator(*).

For example type 15 in cell A1 and 20 in cell B1. And in cell C1 type = A1 * B1 and press enter key we will find the result in C1 as 300.

2. Write a note on ‘Entering Numbers’ in Excel worksheet.

Ans : Entering Numbers in excel include integer(Whole Number), decimal number (Such as 2.36), monetary amounts, percentages, dates and time. Excel applies various rules to detect whether a string of characters typed into a cell constitute a numerical value. If recognizes the typed in expression as a numerical value, it will align and it ranged to the right in the cell.

Explanation:

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