General Knowledge · General Awareness
Which of the following statements is/are correct? 1. The Principle of Contribution states that when a risk is covered by more than one insurer, each insurer pays in proportion to their respective insurance amounts. 2. In the Indian money market, Certificates of Deposit (CDs) issued by select All-India Financial Institutions have a maturity period ranging from 1 year to 3 years. 3. A Usance Bill is a type of commercial bill that is payable immediately upon presentation to the drawee. Select the answer using the code given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2 and 3
- 21 and 2 only✓
- 33 only
- 42 and 3 only
Correct answer
1 and 2 only
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