Top 1000+ Solved Financial Accounting MCQ Questions Answer

From 31 to 45 of 1818

Q. Assets are NPAs for a period not exceeding 12 months are called ………….

a. Standard Assets

b. Substandard Assets

c. Doubtful Assets

d. Loss Assets

  • b. Substandard Assets

Q. Assets are NPAs for a period exceeding 12 months are called ………….

a. Standard Assets

b. Substandard Assets

c. Doubtful Assets

d. Loss Assets

  • c. Doubtful Assets

Q. The agreement of insurance is called as ………..

a. Policy

b. Premium

c. Annuity

d. None of these

  • a. Policy

Q. The consideration in insurance for covering the risk is called ………….

a. Claim

b. Premium

c. Annuity

d. None of these

  • b. Premium

Q. . ……………is the party who undertakes the risk in insurance.

a. Insurer

b. Assurer

c. Underwriter

d. All of these

  • 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

  • b. Insured

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

  • d. Life Insurance

Q. General Insurance includes …………….

a. Fire Insurance

b. Marine Insurance

c. Burglary Insurance

d. All of these

  • d. All of these

Q. LIC was nationalized in …………..

a. 1935

b. 1950

c. 1956

d. 1964

  • c. 1956

Q. . ………..is the amount payable to the insured on the happening of event.

a. Premium

b. Annuity

c. Claim

d. Policy

  • c. Claim

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

  • c. Surrender value

Q. . …………..is an agreement between two insurance companies whereby one transfers a partof risk to other.

a. Reinsurance

b. Sub insurance

c. Shared Policy

d. None of these

  • a. Reinsurance
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