What is the Principle of Insurance called under which insured must always try his level best to minimize the loss of his insured property, in case of uncertain events?

Today General Knowledge(GK)

Principle of Proximate Cause

Principle of Loss Minimization

Principle of Subrogation

Principle of Indemnity

Correct Answer : Option (B) - Principle of Loss Minimization

According to the Principle of Loss Minimization, insured must always try his level best to minimize the loss of his insured property, in case of uncertain events like a fire outbreak or blast, etc. The insured must take all possible measures and necessary steps to control and reduce the losses in such a scenario.

Published On : June 2, 2021

Category : Insurance and Finance

Recent General Knowledge Questions

Q .

India to Host 2025 BWF World Junior Badminton Championships in___________.

Shillong

Guwahati

Bengaluru

Kolkata

Correct Answer : Guwahati

The Badminton World Federation (BWF) has announced that India will host the prestigious 2025 BWF World Junior Championships at the National Centre of Excellence in Guwahati. This marks a significant milestone as India will be hosting this premier badminton event for the first time since 2008, when it was held in Pune.

BWF World Junior Championships Return to India

After a gap of 17 years, the BWF World Junior Championships will once again take place in India. The exact dates for the 2025 edition will be announced later, but the excitement is already building among badminton enthusiasts and players alike.

This prestigious tournament provides a platform for young badminton talents from around the world to showcase their skills and compete at the highest level. Hosting the event in India is a testament to the country’s growing prominence in the sport and its commitment to nurturing the next generation of badminton stars.

Denmark to Host 2026 BWF Thomas and Uber Cup Finals

In another significant development, the 2026 edition of the BWF Thomas and Uber Cup Finals will be held in Horsens, Denmark. These prestigious team championships, featuring the world’s best men’s and women’s badminton teams, will be hosted by Denmark for the second time, following the successful 2021 edition held in Aarhus.

Published On : May 3, 2024

Category : Sports

Q .

Who was recently awarded the title of Grandmaster by the International Chess Federation?

Nihal Sarin

Koneru Humpy

Rameshbabu Praggnanandhaa

Vaishali Ramesh Babu

Correct Answer : Vaishali Ramesh Babu

Indian Chess Prodigy, Vaishali Ramesh Babu who has been awarded the title of Grandmaster by FIDE, the International Chess Federation said India is booming as far as the Chess landscape is concerned.

She also expressed confidence that India will perform well at the upcoming World Championship. Talking exclusively to Akashvani News, she lauded the contribution of Chess legend, Viswanathan Anand in taking Indian Chess to new heights.

While sharing her journey, Vaishali, said that it was due to her father’s decision to keep her away from television that she got enrolled into a Chess academy. She added that her parents have been her big support system.

Vaishali is the third Indian female Grandmaster, joining Koneru Humpy and Harika Dronavalli. Vaishali completed the requisite 2500 ELO points at the Llobregat Open tournament in Spain, last year. However, the title was officially given to her only recently following the FIDE Council meeting during the Candidates Tournament in Toronto last month..

Source : AIR

Published On : May 2, 2024

Category : Sports

Q .

India test fired smart anti-submarine missile developed by whom?

HAL

ISRO

DRDO

None of these

Correct Answer : DRDO

India has successfully test fired Supersonic Missile Assisted Release of Torpedo (SMART) anti-submarine missile system off the Balasore coast of Odisha.

SMART is a next generation missile-based light weight torpedo delivery system. It has been designed and developed by the Defence Research and Development Organisation (DRDO).

Published On : May 2, 2024

Category : Defence