Top 80+ Solved Principles of Insurance MCQ Questions Answer
Q. Which type of insurance protects the policyholder against loss or damage to a ship or its cargo on the high seas?
a. Hazards
b. Inland
c. Transportation
d. Mariney
Q. Which of the following is not covered under General Insurance?
a. Theft insurance
b. Marine insurance
c. Life insurance
d. Fire insurance
Q. Which principle suggests that insured should try to minimize the loss of his property even if it is insured?
a. Principle of indemnity
b. Principle of Mitigation
c. Principle of Proximate Cause
d. Principle of contribution
Q. Group insurance is ideally suited for covering
a. Affluent persons in the society
b. Weaker sections of the society
c. Employer-employee groups
d. Both B. and C.
Q. Fire insurance can be taken in respect of __________
a. movable property only
b. immovable property only
c. both movable and immovable properties
d. persons only
Q. All of the following can be classified as casualty insurance Except____________.
a. marine insurance.
b. general liability insurance.
c. workers compensation insurance.
d. burglary and theft insurance.