Que. 1 : Q1) A discount on premium is offered if perils are deleted from the standard policy. Say whether True of False. 1. a) True 2. b) False 3. 4. Que. 2 : Q2) IT applications are necessary in insurance underwriting because of which of the following reasons? 1. a) Impact of globalisation 2. b) Challenging market conditions 3. c) Slow…