Top 350+ Solved Banking and Insurance MCQ Questions Answer
Q. The term Assurance refers to______________
a. Life insurance business
b. Fire insurance business
c. Motor vehicle Insurance
d. Marine Insurance
Q. Marine peril is also called as______________
a. Morale hazards
b. Moral hazards
c. Peril of the sea
d. None
Q. Medical expense insurance is also known as__________________
a. Personal insurance
b. Liability insurance
c. Medi claim
d. Fidelity
Q. ____________ is also termed as group risk
a. Fundamental risk
b. Static risk
c. Property risk
d. Liability risk
Q. The principle of indemnity does not apply to
a. Life insurance
b. Personal accident insurance
c. Both a & b
d. None
Q. The normal period of a ____________ insurance contract is one year
a. Life
b. Marine
c. Fire
d. Property
Q. Marine insurance protect against_______________
a. Fire perils
b. Marine perils
c. Both a and B
d. None
Q. _________ enable to regroup the losses suffered by people consequent on burglary or hour breaking
a. Burglary insurance
b. Fire insurance
c. Both A and B
d. None
Q. The term________ is referred only life insurance business
a. Warranties
b. Almost good faith
c. Assurance
d. None
Q. From the following which is a loss due to fire
a. Loss of asset
b. Loss of profit
c. Both a and b
d. None