McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
| 201. |
Committee of Reforms in Insurance sectors during 1993 headed by........... |
| A. | rn malhotra |
| B. | s narasimham |
| C. | manmohansingh |
| D. | p chidambaram |
| Answer» A. rn malhotra | |
| 202. |
The danger of loss from the unforeseen circumstances in future refers to |
| A. | risk |
| B. | perils |
| C. | hazard |
| D. | damage |
| Answer» A. risk | |
| 203. |
The principle of ‘prevention is better than cure’ refers to |
| A. | avoiding of risk |
| B. | reduction of risk |
| C. | transferring risk |
| D. | shifting of risk |
| Answer» A. avoiding of risk | |
| 204. |
When the subject is partially lost by a peril insured against, it is called.......... |
| A. | general average loss |
| B. | constructive total loss |
| C. | actual total loss |
| D. | particular average loss |
| Answer» D. particular average loss | |
| 205. |
Cargo ship caught by fire is an example of |
| A. | general average loss |
| B. | constructive total loss |
| C. | actual total loss |
| D. | particular average loss |
| Answer» A. general average loss | |
| 206. |
Under fire insurance, loss of profit policy is also called |
| A. | average policy |
| B. | consequential loss policy |
| C. | specific policy |
| D. | adjustable policy |
| Answer» B. consequential loss policy | |
| 207. |
Rashtriya Krishi Yojana of crop insurance scheme introduced in India in the year |
| A. | 1999 |
| B. | 1888 |
| C. | 1988 |
| D. | 1977 |
| Answer» A. 1999 | |
| 208. |
Motor vehicle insurance is compulsory under Motor Vehicle Act, which was enacted in... |
| A. | 1988 |
| B. | 1998 |
| C. | 1939 |
| D. | 1978 |
| Answer» C. 1939 | |
| 209. |
Motor vehicle Insurance had its beginning in |
| A. | uk |
| B. | usa |
| C. | india |
| D. | canada |
| Answer» A. uk | |
| 210. |
Organisation structure of LIC is |
| A. | two tier |
| B. | three tier |
| C. | four tier |
| D. | five tier |
| Answer» C. four tier | |
| 211. |
IRDA shall consist of note more than........... |
| A. | 10 members |
| B. | 7 members |
| C. | 9 members |
| D. | 8 members |
| Answer» C. 9 members | |
| 212. |
“Uberrimae Fidei” means |
| A. | indemnity |
| B. | insurable interest |
| C. | good faith |
| D. | mitigation of loss |
| Answer» C. good faith | |
| 213. |
........... is the oldest insurance |
| A. | fire insurance |
| B. | life insurance |
| C. | marine insurance |
| D. | social insurance |
| Answer» C. marine insurance | |
| 214. |
Boiler insurance policy coming under |
| A. | fire insurance |
| B. | life insurance |
| C. | engineering insurance |
| D. | marine insurance |
| Answer» C. engineering insurance | |
| 215. |
In life insurance, instalment policy is also known as |
| A. | annuity policy |
| B. | endowment policy |
| C. | whole life policy |
| D. | lump sum policy |
| Answer» A. annuity policy | |
| 216. |
In insurance, “Causa Proxima” means |
| A. | utmost good faith |
| B. | contribution |
| C. | prevent the causes of loss |
| D. | closely connected perils |
| Answer» D. closely connected perils | |
| 217. |
Which of the following is not a life insurance policy of LIC |
| A. | bima nivesh |
| B. | jeevan aadhar |
| C. | komal jeevan |
| D. | sun life |
| Answer» D. sun life | |
| 218. |
In India Insurance business are regulated by |
| A. | irbi |
| B. | rbi |
| C. | irda |
| D. | irdp |
| Answer» C. irda | |
| 219. |
In insurance, NAIS stands for |
| A. | national association of insurance service |
| B. | non assured individual section |
| C. | national agricultural insurance scheme |
| D. | new agricultural insurance scheme |
| Answer» C. national agricultural insurance scheme | |
| 220. |
NAIS launched in 1999 is being implemented through |
| A. | gic |
| B. | lic |
| C. | rrb |
| D. | nabard |
| Answer» A. gic | |
| 221. |
There are........ associated companies of GIC |
| A. | 3 |
| B. | 2 |
| C. | 6 |
| D. | 4 |
| Answer» D. 4 | |
| 222. |
Crop insurance Scheme was introduced by Government of India in the tear |
| A. | 1970 |
| B. | 1972 |
| C. | 1975 |
| D. | 1985 |
| Answer» D. 1985 | |
| 223. |
........... is document issued to the insured in advance of the policy |
| A. | premium receipt |
| B. | cover note |
| C. | certificate of insurance |
| D. | all of these |
| Answer» C. certificate of insurance | |
| 224. |
............... is the amount which the insurer is prepared to pay before the date of maturity of policy. |
| A. | paid up value |
| B. | surrender value |
| C. | both a & b |
| D. | none of the above |
| Answer» B. surrender value | |
| 225. |
Risks are not suited to treatment by insurance refers to |
| A. | static risk |
| B. | property risk |
| C. | dynamic risk |
| D. | liability risk |
| Answer» C. dynamic risk | |
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