Top 350+ Solved Banking and Insurance MCQ Questions Answer
Q. ___________ is the total premium that a policy holder pays
a. Gross premium
b. Average premium
c. Total premium
d. Level premium
Q. The time frame for which an insurance policy provides coverage is known as___________________
a. Policy term
b. Policy loan
c. Policy mode
d. None
Q. Intimation of death is the information of death to the________________
a. Beneficiary
b. Insurer
c. Both A&B
d. None
Q. _________ is a form of health insurance against loss by a accidental bodily injury
a. Property insurance
b. Marine insurance
c. Personal insurance
d. Accident Insurance
Q. Which is not a subject matter of marine insurance
a. Hull insurance
b. Cargo Insurance
c. Fright Insurance
d. Fire insurance
Q. Form the following which is not a content of the letter of intimation
a. Name of the life assured
b. Date of death
c. Cause of death
d. Date of birth
Q. __________ is known as Rashtriya Krishi Bima Yojana
a. Crop Insurance
b. Hut Insurance
c. Property Insurance
d. None
Q. Risk insured against death is a contract of________
a. Agreement
b. Indemnity
c. Assurance
d. None
Q. ___________ policy issued on the basis of the number of persons assured
a. Single life
b. Level Premium
c. Annuity
d. Multiple life
Q. The danger of loss from the unforeseen circumstances in future refers to ___________
a. Perils
b. Hazards
c. Damage
d. Risk
Q. Policy holders are expected to pay premium on due dates a period of 15-30 days is allowed as grace to make payment of premium from the due date is
a. Day of grace
b. Days of indemnity
c. Both
d. None
Q. _______ is a theft committed by breaking out of the premises
a. Burglary
b. Blanket
c. Fire
d. None
Q. The central office of LIC of India is located at-----------.
a. Mumbai
b. New Delhi
c. Bangalore
d. Chennai
Q. From the following which is not an example of fundamental risk.
a. War
b. Unemployment
c. Inflation
d. Burning of a house