Download App

Business Services-1 — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMBusiness Services-12 Marks
Question
What is Insurable interest ?
✓

Answer

  • A person is said to have insurable interest in the property when he gets benefit by its existence and incurs loss in case it is damaged or destroyed

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "2 Marks Each" from Business Services-1→Business Services-1 — all question types→OCM STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

What type of social responsibility business unit should perform regarding better facility and proper environment ?
→
State social responsibility of business unit in context with products and services provided to the customers.
→
What is Overdraft ?
→
Holding out partner means what?
→
How id communication considered two-way process?
→
Why is Co-operative Society called 'a training school of democracy' ?
→
When can a minor become a partner?
→
Who is called a nominal partner?
→
"A wholesale is a link between producer and retailer." - Explain.
→
How is Co-operative Society away from politics and religion ?
→