Top 250+ Solved Basics of Banking and Insurance MCQ Questions Answer
Q. IRDA shall consist of note more than...........
a. 10 members
b. 7 members
c. 9 members
d. 8 members
Q. ........... is the oldest insurance
a. fire insurance
b. life insurance
c. marine insurance
d. social insurance
Q. Boiler insurance policy coming under
a. fire insurance
b. life insurance
c. engineering insurance
d. marine insurance
Q. In life insurance, instalment policy is also known as
a. annuity policy
b. endowment policy
c. whole life policy
d. lump sum policy
Q. In insurance, “Causa Proxima” means
a. utmost good faith
b. contribution
c. prevent the causes of loss
d. closely connected perils
Q. Which of the following is not a life insurance policy of LIC
a. bima nivesh
b. jeevan aadhar
c. komal jeevan
d. sun life
Q. In insurance, NAIS stands for
a. national association of insurance service
b. non assured individual section
c. national agricultural insurance scheme
d. new agricultural insurance scheme
Q. Crop insurance Scheme was introduced by Government of India in the tear
a. 1970
b. 1972
c. 1975
d. 1985
Q. ........... is document issued to the insured in advance of the policy
a. premium receipt
b. cover note
c. certificate of insurance
d. all of these
Q. ............... is the amount which the insurer is prepared to pay before the date ofmaturity of policy.
a. paid up value
b. surrender value
c. both a & b
d. none of the above
Q. Risks are not suited to treatment by insurance refers to
a. static risk
b. property risk
c. dynamic risk
d. liability risk