Mr. Ali has a current account in a bank with a credit balance of RO 8,000. An overdraft limit of RO 20,000 is sanctioned by the bank on his current account for a period of one year. Now Mr. Ali can draw cheques on his current account: O a. Up to a maximum amount of RO 28,000 O b. Up to a maximum amount of RO 14,000 O c. Up to a maximum amount of RO 20,000 Od. Up to a maximum amount of RO 8,000 Total number of houses insured in a particular location is 1500. Economic value of each house will be RO 30000 Number of houses expected to meet fire accident in one year is 15 From the above information: How much will be the total expected loss? How much will be the premium to be charged to each house owner by the insurance company? O a. Loss: RO 450,000, Premium: RO 300 O b. Loss: RO 150,000, Premium: RO 200 c. Loss: RO 100000, Premium: RO 150 O d. Loss: RO 300000, Premium: RO 200 Mr. Arif purchased a fire insurance policy with a Sum Assured RO. 18,000. The value of his house is RO 18,000. A fire happened in his house and 75% of his house was damaged by fire. How much Mr. Arif can claim from the insurance company? O a. RO 9,000 O b. RO 4,500 O c. RO 13,500 O d. RO 6,500 Mr. Moosa insured his car for a RO 20,000 with Vision Insurance and the same car he insured for a RO 30,000 with Takaful insurance. An accident happened and the estimated loss is RO 16,000. How much Mr. Moosa can claim from each insurance company? O a. Mr. Moosa can claim RO 8000 from Takaful insurance and RO 8000 from Vision insurance O b. Mr. Moosa can claim RO 10,000 from Takaful insurance and RO 6000 from Vision insurance O c. Mr. Moosa can claim RO 9000 from Takaful insurance and RO 7000 from Vision insurance O d. Mr. Moosa can claim RO 9600 from Takaful insurance and RO 6400 from Vision insurance