Top 250+ Solved Insurance Management MCQ Questions Answer
Q. The risk of individuals and families are cored under ________
a. Personal insurance
b. Property insurance
c. Liability insurance
d. All
Q. The central office of LIC of India is located at ________
a. Mumbai
b. New Delhi
c. Bangalore
d. Chennai
Q. Under ________ insurance, loss of profit policy is called as consequentialloss policy
a. Marine
b. Property
c. Fire
d. Life
Q. From the following which is not an example of fundamental risk?
a. War
b. Unemployment
c. Inflation
d. Burning of a house
Q. ________ is also termed as group risk
a. Fundamental risk
b. Static risk
c. Property risk
d. Liability risk
Q. Final accounts of Life Insurance Companies include
a. Revenue account
b. Profit and loss account
c. Receipt and payment account
d. All of these
Q. From the following, which is a type of reserve in insurance business
a. Unearned Premium Reserve
b. Un-expired Risk Reserve
c. Outstanding Claims Reserve
d. All of these
Q. The current ratio measures the ________ position of an insurance policy
a. Solvency
b. Liquidity
c. Profitability
d. Activity
Q. ________ is also known as all risk policy
a. Comprehensive policy
b. Excess policy
c. Floating policy
d. Adjustable policy
Q. Health insurance can be availed by people aged between ______ and ______
a. 10 and 100
b. 7 and 75
c. 5 and 75
d. 10 and 70
Q. ________ is a plan designed for businessmen and professionals as money isavailable periodically.
a. Jeevan Surabhi
b. Jeevan Saathi
c. Jeevan Kishore
d. Jeevan Sukanya
Q. From the following which is a character of Life Insurance Services
a. Intangibility
b. Heterogeneity
c. Inseparability
d. All of these
Q. An international code of ________ rules applied to Marine losses
a. York Antwerp rule
b. York Antiperil rule
c. Both (a) and (b)
d. None