McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce in Banking and Insurance (B.Com Banking and Insurance) .
| 101. |
………….are the middlemen in the healthcare delivery chain in insurance sector. |
| A. | surveyors |
| B. | loss assessors |
| C. | brokers |
| D. | TPAs |
| Answer» D. TPAs | |
| 102. |
……………is insurance companies tying up with banks to sell insurance products. |
| A. | franchising |
| B. | merger |
| C. | bancassurance |
| D. | insuranced linked banking |
| Answer» C. bancassurance | |
| 103. |
…………..company sent 50,000 direct mailers to office –goers in Mumbai through their lunch boxes. |
| A. | Bajaj insurance |
| B. | Reliance insurance |
| C. | Icici insurance |
| D. | Tata insurance |
| Answer» C. Icici insurance | |
| 104. |
ICICI prudential Life insurance company sent 50,000 direct mailers to office –goers in Mumbai through their lunch boxes.It is a |
| A. | Worksite marketing |
| B. | Direct marketing |
| C. | retail marketing |
| D. | none of these. |
| Answer» B. Direct marketing | |
| 105. |
________ is a social device for eliminating or reducing the loss of society from certain risk. |
| A. | Premium |
| B. | Policy |
| C. | Insurance |
| D. | Contract |
| Answer» C. Insurance | |
| 106. |
Insurance provides security against ________ |
| A. | Risk |
| B. | Losses |
| C. | Both (a) & (b) |
| D. | None of them |
| Answer» C. Both (a) & (b) | |
| 107. |
The ________ is the party who agrees to compensate the other person against possible losses. |
| A. | Insured |
| B. | Insurer |
| C. | Assured |
| D. | None |
| Answer» B. Insurer | |
| 108. |
The ________ is the party who gets his life or property insured against risks. |
| A. | Insured |
| B. | Insurer |
| C. | Assurer |
| D. | None |
| Answer» A. Insured | |
| 109. |
The insurer agrees to compensate the insured in consideration of a sum of money is called |
| A. | Premium |
| B. | Policy |
| C. | Subject matter |
| D. | None |
| Answer» A. Premium | |
| 110. |
The things or property insured is called ________ of the insurance |
| A. | Subject matter |
| B. | Insurable interest |
| C. | Policy |
| D. | None |
| Answer» A. Subject matter | |
| 111. |
A contract of insurance is a ________ agreement. |
| A. | Contingent |
| B. | Constant |
| C. | both |
| D. | None of these |
| Answer» A. Contingent | |
| 112. |
The Bombay Mutual Assurance Society Ltd. formed in ________ |
| A. | 1870 |
| B. | 1970 |
| C. | 1960 |
| D. | 1865 |
| Answer» A. 1870 | |
| 113. |
________ was the first Indian Insurance Company |
| A. | Bombay Mutual Assurance Society Ltd. |
| B. | Bombay Insurance Society Ltd. |
| C. | Insurance Regulatory Development Authority |
| D. | General Insurance Corporation |
| Answer» A. Bombay Mutual Assurance Society Ltd. | |
| 114. |
Risk is evaluated on the basis of ________ theory |
| A. | Variability |
| B. | Contingency |
| C. | Probability |
| D. | All |
| Answer» C. Probability | |
| 115. |
From the following, which is not a type of risk? |
| A. | Speculative risks |
| B. | Dynamic risks |
| C. | Fundamental |
| D. | Quantitative |
| Answer» D. Quantitative | |
| 116. |
Insurable interest means ________ interest |
| A. | Individual |
| B. | Social |
| C. | Monetary |
| D. | All of these |
| Answer» C. Monetary | |
| 117. |
Which of the following insurance contract is not based on the principle of indemnity. |
| A. | Fire insurance |
| B. | Marine insurance |
| C. | Life insurance |
| D. | All |
| Answer» C. Life insurance | |
| 118. |
Human life is the subject matter of a contract of ________ |
| A. | Life assurance |
| B. | Fire insurance |
| C. | Marine insurance |
| D. | General insurance |
| Answer» A. Life assurance | |
| 119. |
Motor insurance provides insurance cover to ________ |
| A. | Private vehicles |
| B. | Commercial vehicles |
| C. | Motorcycles |
| D. | All of these |
| Answer» D. All of these | |
| 120. |
Employee's State Insurance Corporation was established in ________ |
| A. | 1968 |
| B. | 1958 |
| C. | 1948 |
| D. | 1988 |
| Answer» C. 1948 | |
| 121. |
In insurance the risk is ________ |
| A. | Certain |
| B. | Uncertain |
| C. | Both (a) & (b) |
| D. | None |
| Answer» B. Uncertain | |
| 122. |
Marine insurance may cover loss or damage to the ________ |
| A. | Ship |
| B. | Cargo |
| C. | Any other subject of Marine adventure |
| D. | All of these |
| Answer» D. All of these | |
| 123. |
From the following which is not a miscellaneous insurance? |
| A. | Motor insurance |
| B. | Third party insurance |
| C. | Social insurance |
| D. | Burglary insurance |
| Answer» C. Social insurance | |
| 124. |
Marine insurance is for one year or for a specified ________ |
| A. | Voyage |
| B. | Year |
| C. | Loss |
| D. | None |
| Answer» A. Voyage | |
| 125. |
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 |
| Answer» D. All of these | |
| 126. |
__________ provides risks coverage to the life of person |
| A. | ( Life Insurance |
| B. | Health Insurance |
| C. | Death Insurance |
| D. | All of these |
| Answer» A. ( Life Insurance | |
| 127. |
From the following which is the importance of life Insurance? |
| A. | Encourage investments |
| B. | Credit work ness |
| C. | Tax benefit |
| D. | All of these |
| Answer» D. All of these | |
| 128. |
__________ refers to the right of an insurer to refuse admittance of the claim by the insured. |
| A. | Replication |
| B. | Repudiation |
| C. | Dufalication |
| D. | None |
| Answer» B. Repudiation | |
| 129. |
FPR Means ________ |
| A. | First Premium Receipt |
| B. | Fourth Premium Receipt |
| C. | First Policy Receipt |
| D. | First Police Record |
| Answer» A. First Premium Receipt | |
| 130. |
__________ is a voluntary termination of the contract by thepolicy holders. |
| A. | Report |
| B. | Surrender |
| C. | Prospectus |
| D. | Cover note |
| Answer» B. Surrender | |
| 131. |
________ means closure or writing off the policy before its actual maturity |
| A. | Fore closure |
| B. | Surrender |
| C. | Endorsement |
| D. | Cover note |
| Answer» A. Fore closure | |
| 132. |
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 |
| Answer» C. Death claim | |
| 133. |
________ is concerned with overseas trade |
| A. | Life Insurance |
| B. | Non-life insurance |
| C. | Marine insurance |
| D. | Fire insurance |
| Answer» C. Marine insurance | |
| 134. |
A marine insurance is a contract of _________ |
| A. | Increment |
| B. | Indemnity |
| C. | Maturity |
| D. | None |
| Answer» B. Indemnity | |
| 135. |
Which is not a subject matter of marine insurance |
| A. | Hull insurance |
| B. | Cargo insurance |
| C. | Fright Insurance |
| D. | Fire insurance |
| Answer» D. Fire insurance | |
| 136. |
__________ means the body or frame of the ship or vessel and its machinery. |
| A. | Cargo |
| B. | Fright |
| C. | Hull |
| D. | Voyage |
| Answer» C. Hull | |
| 137. |
________ means goods or commodities carried in a ship |
| A. | Hull |
| B. | Cargo |
| C. | Fright |
| D. | Wares |
| Answer» B. Cargo | |
| 138. |
________ is the charge to be paid to the transportation of the goods. |
| A. | Hull |
| B. | Cargo |
| C. | Fright |
| D. | Premium |
| Answer» C. Fright | |
| 139. |
The first requirement of the corporation in the cases of death claim is _____ |
| A. | Imitation of death |
| B. | Intimation of death |
| C. | Certificate of death |
| D. | None of these |
| Answer» B. Intimation of death | |
| 140. |
From the following which is not a content of the letter of intimation |
| A. | Name of the life assured |
| B. | Date of Death |
| C. | Cause of death |
| D. | Date of birth |
| Answer» D. Date of birth | |
| 141. |
Expanded form of PPL policy is ___________ |
| A. | Policy Procedure of Interest |
| B. | Policy Port of Interest |
| C. | Policy proof of interest |
| D. | Port proof of interest |
| Answer» C. Policy proof of interest | |
| 142. |
___________ Policy is issued to cover the risks involved when the ship is anchored in the post. |
| A. | Cargo |
| B. | Port risk |
| C. | Currency |
| D. | Fleet |
| Answer» B. Port risk | |
| 143. |
________ policy is taken to cover different risks for a single shipment. |
| A. | Blanket |
| B. | Named |
| C. | Specific cover |
| D. | Block |
| Answer» C. Specific cover | |
| 144. |
General Insurance policies are issued for a period of |
| A. | 1 year |
| B. | 2 year |
| C. | 10 year |
| D. | 4 year |
| Answer» A. 1 year | |
| 145. |
_______ means the act of throwing a part of the cargo over board lighten the ship in emergencies |
| A. | Barratry |
| B. | Jettison |
| C. | Waiver |
| D. | Premium |
| Answer» B. Jettison | |
| 146. |
Fire insurance came into existence after the Great Fire of the London in _____ |
| A. | 1666 |
| B. | 1866 |
| C. | 1686 |
| D. | 1687 |
| Answer» A. 1666 | |
| 147. |
A valuable policy is just opposite to the ________ |
| A. | Value policy |
| B. | Valued policy |
| C. | Both |
| D. | None |
| Answer» B. Valued policy | |
| 148. |
________ Policy covers both fixed and current assets of insured manufactures. |
| A. | Block |
| B. | Blanket |
| C. | Transit |
| D. | Excess |
| Answer» B. Blanket | |
| 149. |
_________ is a contract between two insures i.e. original insurer and another insurer. |
| A. | Insurance |
| B. | Reinsurance |
| C. | Policy |
| D. | Premium |
| Answer» B. Reinsurance | |
| 150. |
Reinsurance can be called as ________ |
| A. | Insurance of Insurance |
| B. | Insurance of insures |
| C. | Insurance of insurance policy |
| D. | None |
| Answer» A. Insurance of Insurance | |
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