App Logo

No.1 PSC Learning App

1M+ Downloads
--- is used in those contracts which guarantee the payment of certain sum of money, on the happening of a specified event.

AAssurance

BInsurance

CIndemnity

Dnone of these

Answer:

A. Assurance

Read Explanation:

.


Related Questions:

Under which banking aims at targeting customers with large value transaction
A banking system where business is carried on by a bank through a network of branches spread throughout the country is known as ....
--- endorsement is an endorsement made by an authorized person on behalf of another.
The amount is instantly credited to the account of the customer in ---.
RBI ACT came in to existence ---