Mohit Saxena classes

 Q.1- What is Business Finance? Explain the traditional and modern approach of business finance. Meaning of Business Finance Business Finance is made up of two words: Business + Finance. In simple words, business finance is that branch of knowledge which includes various activities to collect capital. Characteristics of Business Finance The main characteristics of business finance are as follows: 1.Business finance is the center point of decision making. 2.The success of a business depends on business finance. 3.Business finance establishes business coordination. 4.Business finance often plays an important role in all fields. Nature of Business Finance The nature of business finance is clarified by the following facts: 1.It is necessary for all types of businesses - Business finance is necessary for all types of businesses, whether small or large. 2.Its quantity depends on the size of the business - The quantity of business finance depends on the size of the business because as t...

 Q.What do you understand by marine losses? Describe the different types of marine losses.  Answer:- Meaning of Marine Losses  Marine losses  is made up of two words: Mariane + Losses.  Mariane means related to sea, and Losses means losses.  Marine losses refer to such losses that occur during a sea voyage.  for example, loss of a ship or goods -  Classification of Marine Losses  यहां आधा पेज चार्ट के लिए छोड़ना है। 1.Total Loss - When the goods are completely destroyed, it is called total loss. For exp:- The goods are completely destroyed by fire.  Total loss is of the following two types.  1. Actual Total Loss - When the goods and the ship are completely destroyed, it is called actual total loss.  For exp:- The ship sinks in the sea.  2. Constructive Total Loss - When the goods and the ship are completely destroyed and the cost of saving is more than the value of the goods and the ship, then in that situation, the p...

 Question:- Describe Various Types of Life Insurance Policies  Answer:- Life insurance policies can be divided into the following parts:  1. Whole Life Insurance Policy  2. Endowment Insurance Policy  3. Insurance Policy based on Profit Distribution  1. Whole Life Insurance Policy  Whole Life Insurance Policy refers to an insurance policy under which the insuring company promises to pay the policy amount to the nominee upon the death of the insured person. The main objective of this type of policy is to provide financial assistance to the family, because in this policy, the policy amount is received by the family of the insured person upon their death. The premium rates in this policy are quite low, but still, this policy is not popular.  2. Endowment Insurance Policy  Endowment insurance policy refers to an insurance policy under which the company providing the insurance promises to pay the policy amount to the insured person upon maturity, ...

 1. What is Nomination? Explain the difference between Nomination and Assignment.  Meaning of Nomination   In simple words, nomination refers to a process through which the insured person grants another individual the right to receive the insurance amount upon their death during the policy term. This is done to avoid difficulties in receiving the insurance amount. The person who receives the right to receive the insurance amount is called the Nominee.  Methods of Nomination  The main methods of nomination are as follows:  1. By Proposal Form :-This is the first and most important method of making a nomination. Under this, the person taking the insurance can appoint the nominee by mentioning them in the proposal form.  2. Mention in the Policy: -This is the second and most important method of making a nomination. Under this The individual purchasing the insurance can appoint a nominee by mentioning them in a letter.  3.By Endorsement :-Endorsi...

 Q.संविधान की प्रस्तावना अत्यन्त महत्त्वपूर्ण क्यों है? Answer: प्रस्तावना का अर्थ प्रस्तावना से आशय उस भूमिका से है जिससे संविधान प्रारम्भ होता है। संविधान में उन मूल्यों को शामिल किया गया है जिनके द्वारा भारतीय स्वतंत्रता संग्राम की प्रेरणा मिली है। प्रस्तावना की विशेषताएं  संविधान की प्रस्तावना की प्रमुख विशेषताएं निम्नलिखित हैं। 1.प्रभुत्व सम्पन्न राज्य:- भारतीय संविधान का प्रमुख उद्देश्श प्रभुत्व सम्पन्न राज्य की स्थापना करना है। प्रभुत्व सम्पन्न राज्य से आशय ऐसे राज्य से है। जिस पर आन्तरिक तथा बाहरी शक्ति दवाव नहीं वना सकती है।  2. गणराज्य:- भारतीय संविधान का प्रमुख उदेश्य गणराज्य की स्थापना करना है। गणराज्य से आशय ऐसे राज्य से है। जिसमें राजशाही का अन्त हो गया है। 3.लोक तन्त्रात्मक राज्य :- भारतीय संविधान का प्रमुख उद्देश्य एक लोकतन्त्रात्मक राज्य की स्थापना करना है। लोक तन्त्रात्मक राज्य से आशय ऐसे राज्य से है। जिसमें देश का शासन करने वाले व्यक्ति जनता द्वारा चुने जाते हैं।