Rajendar

  If you're having trouble viewing this email, see today's Wordlist on the Web.         30-Jul-13 TestFunda Home  |  Sign up for Newsletters  |  Feedback Daily Wordlist Vocabulary Flashcards | Vocabulary Test | Previous Wordlists haggard  [  HAG-erd  ]   [  noun, adjective  ]   MEANING :   1. (adj.) gaunt, worn or exhausted appearance 2. (adj.) wild-looking or distraught 3. (adj.) intractable or untamed 4. (n.) an untamed, adult hawk that has been caught for training   USAGE EXAMPLE 1 :   His haggard appearance was off putting.   USAGE EXAMPLE 2 :   I'm really glad it's over, a tearful, haggard Mr Raja Petra said as he hugged his family and greeted supporters. BBC, Malaysia blogger's joy at release, 7 November 2008   bumptious  [  BUHMP-shuh' s  ]   [  adjective  ]   MEANING :   1. crudely or l...

  If you're having trouble viewing this email, see the Question of the Day and Tip of the Day on the Web.         30-Jul-13 TestFunda Home  |  Sign up for Newsletters  |  Feedback CAT Question of the Day Answer the question based on the passage given below. Adverse selection is when you do business with people you would be better off avoiding. This is one of two main sorts of market failure often associated with insurance. The other is moral hazard. Adverse selection can be a problem when there is asymmetric information between the seller of insurance and the buyer; in particular, insurance will often not be profitable when buyers have better information about their risk of claiming than does the seller. Ideally, insurance premiums should be set according to the risk of a randomly selected person in the insured slice of the population (55-year-old male smokers, say). In practice, this means the average risk of...