Top 350+ Solved Banking and Insurance MCQ Questions Answer
Q. ……………………………………………..is concerned with overseas trade
a. Life insurance
b. Non life insurance
c. Marine Insurance
d. Fire Insurance
Q. ………………………………………..means good or commodities carried in a ship
a. Hull
b. Cargo
c. Fright
d. Premium
Q. ………………………..in a social device for eliminating or reducing the loss of society from certain risk.
a. Premium
b. Policy
c. Insurance
d. Contract
Q. Insurance provides security against …………………………..
a. Risk
b. Losses
c. Both (a) and (b)
d. None of these
Q. ……………………………….is the party who agrees to compensate the other person against possible losses
a. Insured
b. Insurer
c. Assured
d. None
Q. ……………………………….is the party who gets his life of property insured against risk
a. Insured
b. Insurer
c. Assurer
d. None
Q. The insurer agrees to compensate the insurer in consideration of a sum of money is called
a. Premium
b. Policy
c. Subject matter
d. None
Q. The things are property insured is called ………………………………………….of the insurance
a. Subject matter
b. Insurable interest
c. Policy
d. None
Q. The document which lays down the terms of the contract of the insurance is called ……………………………………..
a. Policy
b. Subject matter
c. Premium
d. Insurable Interest
Q. The interest which insured has in the subject matter of the insurance is called …………………………………….
a. Premium
b. Insurance Interest
c. Both A and B
d. None
Q. A contract of insurance is a …………………………………….agreement
a. contingent
b. Constant
c. Both A and B
d. None
Q. Risk is evaluated on the basis of …………………………………….. theory
a. Variability
b. Contingency
c. Probability
d. All
Q. Insurance is a written agreement between the insurer and the ………………………………
a. People
b. Individuals
c. Institutions
d. Insured
Q. Insurable interest means ……………………………..interest
a. Individuals
b. Social
c. Monitoring
d. All of this