Top 350+ Solved Banking and Insurance MCQ Questions Answer

From 331 to 345 of 386

Q. The term Assurance refers to______________

a. Life insurance business

b. Fire insurance business

c. Motor vehicle Insurance

d. Marine Insurance

  • a. Life insurance business

Q. Marine peril is also called as______________

a. Morale hazards

b. Moral hazards

c. Peril of the sea

d. None

  • c. Peril of the sea

Q. Medical expense insurance is also known as__________________

a. Personal insurance

b. Liability insurance

c. Medi claim

d. Fidelity

  • c. Medi claim

Q. ____________ is also termed as group risk

a. Fundamental risk

b. Static risk

c. Property risk

d. Liability risk

  • a. Fundamental risk

Q. Life insurance company was set up in______________

a. 1823

b. 1832

c. 1822

d. 1821

  • a. 1823

Q. The principle of indemnity does not apply to

a. Life insurance

b. Personal accident insurance

c. Both a & b

d. None

  • c. Both a & b

Q. The normal period of a ____________ insurance contract is one year

a. Life

b. Marine

c. Fire

d. Property

  • c. Fire

Q. Marine insurance protect against_______________

a. Fire perils

b. Marine perils

c. Both a and B

d. None

  • b. Marine perils

Q. Motor vehicle act was established in______________

a. 1888

b. 1988

c. 1998

d. 1978

  • b. 1988

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

  • a. Burglary insurance

Q. The term________ is referred only life insurance business

a. Warranties

b. Almost good faith

c. Assurance

d. None

  • c. Assurance

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

  • c. Both a and b

Q. In which year insurance began in India

a. 1870

b. 1818

c. 1897

d. 1896

  • b. 1818

Q. An insurance policy will be only if ___________is paid

a. Policy

b. Premium

c. Document

d. None

  • b. Premium
Subscribe Now

Get All Updates & News