Top 250+ Solved Basics of Banking and Insurance MCQ Questions Answer
Q. Which of the following contract is not legally enforceable
a. contract of insurance
b. contract of guarantee
c. wagering contract
d. contract of indemnity
Q. ................. is a document which provides evidence of the contract of insurance
a. proposal form
b. policy form
c. cover note
d. certificate of insurance
Q. General insurance business was nationalised under
a. gibn act.1971
b. gibn act.1972
c. gibn act.1973
d. gibn act.1974
Q. The Head office of United India Insurance Co. Ltd is
a. new delhi
b. mumbai
c. kolkata
d. chennai
Q. The term “Assurance’ refers........
a. life insurance
b. fire insurance
c. marine insurance
d. none of these
Q. The policies where the premium is payable throughout the life of the assured is called
a. whole life policy
b. renewable term policy
c. sinking fund policy
d. annuity policy
Q. With Profit policy is also known as.......
a. multiple life policy
b. participating policy
c. level premium policy
d. lump sum policy