Top 250+ Solved Insurance Management MCQ Questions Answer
Q. Marine insurance may cover loss or damage to the ________
a. Ship
b. Cargo
c. Any other subject of Marine adventure
d. All of these
Q. From the following which is not a miscellaneous insurance?
a. Motor insurance
b. Third party insurance
c. Social insurance
d. Burglary insurance
Q. From the following which is the dilly or powers of IRDA.
a. To regulate, promote and ensure orderly growth of the insurance business
b. To exercise all powers and functions of the Controller of Insurance
c. To promote and regulate professional organizations connected with insurance business
d. All of these
Q. __________ provides risks coverage to the life of person
a. ( Life Insurance
b. Health Insurance
c. Death Insurance
d. All of these
Q. From the following which is the importance of life Insurance?
a. Encourage investments
b. Credit work ness
c. Tax benefit
d. All of these
Q. __________ refers to the right of an insurer to refuseadmittance of the claim by the insured.
a. Replication
b. Repudiation
c. Dufalication
d. None
Q. FPR Means ________
a. First Premium Receipt
b. Fourth Premium Receipt
c. First Policy Receipt
d. First Police Record
Q. __________ is a voluntary termination of the contract by thepolicy holders.
a. Report
b. Surrender
c. Prospectus
d. Cover note
Q. ________ means closure or writing off the policy before itsactual maturity
a. Fore closure
b. Surrender
c. Endorsement
d. Cover note
Q. If the insured dies before the expiry of the term of the policy,is known as ________
a. surrender
b. fore closure
c. Death claim
d. Death Policy
Q. ________ is concerned with overseas trade
a. Life Insurance
b. Non-life insurance
c. Marine insurance
d. Fire insurance
Q. Which is not a subject matter of marine insurance
a. Hull insurance
b. Cargo insurance
c. Fright Insurance
d. Fire insurance