Top 550+ Solved Corporate Accounting MCQ Questions Answer
Q. Assets are NPAs for a period exceeding 12 months are called ………….
a. Standard Assets
b. Substandard Assets
c. Doubtful Assets
d. Loss Assets
Q. ………is a form of agreement between two parties in which one party agrees to make goodfor loss of another.
a. Contract
b. Insurance
c. Banking
d. Mutual fund
Q. The consideration in insurance for covering the risk is called ………….
a. Claim
b. Premium
c. Annuity
d. None of these
Q. ……………is the party who undertakes the risk in insurance.
a. Insurer
b. Assurer
c. Underwriter
d. All of these
Q. The party whose risk is covered in insurance is known as ……….
a. Insurer
b. Insured
c. Underwriter
d. None of these
Q. In …………., the insurer agrees to pay a certain sum of money to the policyholder either onhis death or a certain age, which ever is less.
a. Fire Insurance
b. Marine Insurance
c. Burglary Insurance
d. Life Insurance
Q. General Insurance includes …………….
a. Fire Insurance
b. Marine Insurance
c. Burglary Insurance
d. All of these
Q. Under …………., the sum assured is given to the beneficiary only on death of policyholder.
a. Whole Life Policy
b. Endowment Policy
c. Annuity
d. None of these
Q. ………..is the amount payable to the insured on the happening of event.
a. Premium
b. Annuity
c. Claim
d. Policy
Q. An annual payment which an insurer guarantees to pay for lump sum money received in thebeginning is called ………….
a. Premium
b. Annuity
c. Claim
d. Policy
Q. The amount given to the policyholder due to his inability of paying further premium is called…………..
a. Annuity
b. Bonus
c. Surrender value
d. Claim
Q. …………..is an agreement between two insurance companies whereby one transfers a part ofrisk to other.
a. Reinsurance
b. Sub insurance
c. Shared Policy
d. None of these