question_answer

A house worth ` 400000 has been insured for ` 300000. The house is completely destroyed by fire, the insurance company will be liable to pay ......... to the insured.

A)  ` 3 lakhs                                  

B)  ` 4 lakhs

C)                     ` 7 lakhs                                  

D)  ` 1 lakhs