Question

In pricing of insurance products, taxes are considered as an example of which of the following category of expenses?

a.

Administrative expenses

b.

Legal expenses

c.

Miscellaneous expenses

d.

Procurement expenses

Answer: (c).Miscellaneous expenses Explanation:Taxes are an example of miscellaneous expenses.

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Q. In pricing of insurance products, taxes are considered as an example of which of the following category of expenses?

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