Business Studies

If you have not made any claim on your vehicle insurance for the previous year, then you are eligible for a ______.


ANSWER

No-Claim Bonus


SOLUTION
If you have not made any claim on your vehicle insurance for the previous year, then you are eligible for a no-claim bonus. For each claim-free year, no-claim bonus can be earned. No-claim bonus can be described as a discount offered on own damage premium for not claiming the insurance during the policy period.
View Full Answer

Its FREE, you're just one step away


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 146
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Number of units are 5000 and per unit price is $60, then flexible budget variable would be __________.
  • A. $5, 000, 000
  • B. $3, 000, 000
  • C. $2, 000, 000
  • D. $1, 000, 000

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Subjective Medium
Write Short answers for the following: 
Explain the duties and functions of the Registrar of Companies. 

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
Match the groups:
Group 'A'Group 'B'
(1)Lost cheque(a)Board of Directors
(2)Fixed deposit account(b)Saving account
(3)Cash credit(c)Investment
(4)Appointment of bankers(d)Stop payment
(5)Financial arrangement(e)Separate loan account
(f)Higher rate of interest
(g)Bank overdraft
  • A. $$(1-d), (2-f), (3-e), (4-a), (5-g)$$
  • B. $$(1-f), (2-d), (3-e), (4-a), (5-c)$$
  • C. $$(1-c), (2-f), (3-a), (4-e), (5-g)$$
  • D. $$(1-g), (2-f), (3-e), (4-c), (5-b)$$

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Subjective Medium
Write short notes on the following:
Secondary Functions of bank.

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
___________ is a satellite based media services provided by cellular service providers.
  • A. VSAT
  • B. DTH
  • C. Cellular mobile
  • D. All of the above

Asked in: Business Studies - Business Services


1 Verified Answer | Published on 18th 08, 2020

View Answer