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This online test contains MCQs about following topics:
Definition of insurance . Principles of insurance . Importance of insurance . Difference between life and other insurance . Kinds of insurance
ICOM Part 1 Commerce Ch. 18 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 18 "Principle of Commerce Icom Part 1 English Medium Chapter 18 Online Test"
Try The MCQ's Test For Chapter 18 "Principle of Commerce Icom Part 1 English Medium Chapter 18 Online Test"
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Total Questions15
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Time Allowed20
Principle of Commerce Icom Part 1 English Medium Chapter 18 Online Test
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Question # 1
The company that insures is called:
Question # 2
In Pakistan, life insurance business was nationalized in:
Question # 3
The voyage policy is taken for:
Question # 4
In Pakistan, life insurance business was nationalized in
Question # 5
Group insurance is popular among:
Question # 6
The time period of rural insurance policy is
Question # 7
Kinds of fire insurance:
Question # 8
The person who gets himself insured is called:
Question # 9
Types of accidental in insurance are
Question # 10
Insurance is an agreement in which the insurer:
Question # 11
Which insurance policy can be used as a security:
Question # 12
If a person gets his property insured from ti different company's then it is called
Question # 13
According to Jiwan Sathi insurance,, the husband and wife are provided with financial security in:
Question # 14
On the death of the insured, sum is paid to
Question # 15
What type of security does life insurance offer ?
11th Principles of Commerce Chapter 18 Test
Here you can prepare 11th Principles of Commerce English Medium Chapter 18 Insurance Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 18 "Principle of Commerce Icom Part 1 English Medium Chapter 18 Online Test" MCQ`s Test
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H Hira 02 - Dec - 2018 00 Min 02 Sec 15/15 -
S Subtain Ahmed Raza 17 - Jul - 2023 00 Min 43 Sec 15/15 -
K KHALIL UR REHAMAN 18 - Aug - 2022 01 Min 09 Sec 15/15 -
A Arzoo Qaiser 29 - Jan - 2026 01 Min 32 Sec 15/15 -
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R rida 21 - Jun - 2018 01 Min 48 Sec 14/15 -
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A ABDUL QAYYUM 13 - Jun - 2023 01 Min 47 Sec 13/15 -
R Rizwana 22 - Feb - 2021 01 Min 54 Sec 13/15
ICom Part 1 Principle of Commerce (English Medium) Chapter 18 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | In Pakistan, life insurance business was nationalized in |
A. 1970
B. 1972
C. 1973
D. 1978
|
| 2 | Kinds of fire insurance: |
A. Voyage and time insurance
B. Specific and floating policy
C. Fleet and valued policy
D. Endowment and term life policy
|
| 3 | The voyage policy is taken for: |
A. Specific voyage
B. Specific centres
C. Specific person
D. Voyage of different countries
|
| 4 | The company that insures is called: |
A. Insured
B. Acceptor
C. Proposer / Insurer
D. Business company
|
| 5 | The objective of life insurance is to |
A. Make investment
B. Lessen the financial burden
C. Get security for loan
D. All the above
|
| 6 | According to Jiwan Sathi insurance, the husband and wife are provided with financial security in |
A. One installment
B. Two installments
C. Three installments
D. Four installments
|
| 7 | The sum of marine insurance is not paid: |
A. If the ship changes direction
B. If the ship is not capable of the voyage
C. Trade is unneccssary
D. All these three
|
| 8 | The principal of contribution is ot applicable in: |
A. Life insurance
B. Marineinsurance
C. Valued policy
D. Fireinsurance
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| 9 | Why is public not inclined towards insurance in Pakistan ? |
A. Due to ignorance
B. Due to poverty
C. Due to economic backwardness
D. All three
|
| 10 | Insurance is an agreement in which the insurer |
A. Gives profit
B. Gives interest
C. Compensates loss
D. All the above
|
Test Questions