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Free GLO_CWM_LVL_1 Exam Braindumps (page: 31)

Page 30 of 266
PDF with 1057 Questions

The principle of _____________ ensures that an insured does not profit by insuring with multiple insurers

  1. Subrogation
  2. Contribution
  3. Co-insurance
  4. Indemnity

Answer(s): B



A bond can be issued at premium if

  1. Coupon rate > Required returns
  2. Coupon rate < Required returns
  3. Coupon rate = Required returns
  4. None

Answer(s): A



Deposit insurance covers _______.

  1. Savings
  2. Current
  3. Term
  4. All of the above

Answer(s): D



What is the time limit for assessment made u/s 16?

  1. One year
  2. Two years
  3. Five years
  4. No time limit

Answer(s): B






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