Question

Identify True or False with reason


Q.1 Banks generally put certain restrictions on number of withdrawals from
Current Account.



Q.2 Freight insurance provides payment of medical expenses in case of illness of
the insured person and his family.

Q.3 A fire insurance policy can be taken for any amount.



Q.4 Equity shareholders are to be given dividend irrespective of the fact whether
the company has earned sufficient profits or not.



Q.5 Probability or chance of incurring loss is called profit in business.
​

Answer 1

Answer:

Banks generally put certain restrictions on number of withdrawals from

Current Account.

Q.2 Freight insurance provides payment of medical expenses in case of illness of

the insured person and his family.

Q.3 A fire insurance policy can be taken for any amount.

Q.4 Equity shareholders are to be given dividend irrespective of the fact whether

the company has earned sufficient profits or not.

Q.5 Probability or chance of incurring loss is called profit in business.

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