Question

Mr. Y gets his factory insured against fire for Rs 5,00,000 with insurer A and Rs 3,00,000 with Insurer B. Due to fire, a loss of Rs 1,60,000 occurred. Then, insurers A and B will be liable to pay _______ and _________ respectively.

a) A- Rs 1,60,000 and B- Rs 0

b) A- Rs 80,000 and B- Rs 80,000

c) A- Rs 0 and B- Rs 1,60,000

d) A- Rs 1,00,000 and B- Rs 60,000​

Answer 1

Answer:

Rs 1,60,000 and B- Rs 0

b) A- Rs 80,000 and B- Rs 80,000

c) A- Rs 0 and B- Rs 1,60,000

d) A- Rs 1,00,000 and B- Rs 60,000

Explanation:

GD is Rs.520 and nominal GDP id Rs.650, calculate the price index (base=100)