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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
00:00
Question # 1
The voyage policy is taken for:
Question # 2
Insurance is an agreement in which the insurer
Question # 3
Why is public not inclined towards insurance in Pakistan ?
Question # 4
Kinds of fire insurance:
Question # 5
The time period of rural insurance policy is
Question # 6
On the death of the insured, sum is paid to:
Question # 7
If a person having a property of two lakhs and insurance of fifty thousand, then in case of loss the company will pay:
Question # 8
What type of security does life insurance offer
Question # 9
On the death of the insured, sum is paid to
Question # 10
In Pakistan, life insurance business was nationalized in:
Question # 11
Insurance is an agreement in which the insurer:
Question # 12
The objective of life insurance is to
Question # 13
What type of security does life insurance offer ?
Question # 14
If a person gets his property insured from to different company's then it is called:
Question # 15
Paid premium is refundable in case of:
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 -
M Muhammad Uzair 01 - Dec - 2020 02 Min 06 Sec 15/15 -
J Jannat Butt 05 - Feb - 2022 02 Min 48 Sec 15/15 -
M Minahil Asif 04 - Jun - 2024 00 Min 46 Sec 14/15 -
R rida 21 - Jun - 2018 01 Min 48 Sec 14/15 -
A Ascii Mughal 29 - Apr - 2018 02 Min 00 Sec 14/15 -
S syed ashir saleem 05 - May - 2018 03 Min 37 Sec 14/15 -
H Hunaina muzamil 06 - Apr - 2021 03 Min 41 Sec 14/15 -
S Shifa Awan 07 - Apr - 2021 03 Min 56 Sec 14/15 -
H Hamna 05 - Apr - 2021 03 Min 57 Sec 14/15 -
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 | Types of accidental in insurance are |
A. Four
B. Two
C. Three
D. One
|
| 2 | 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
|
| 3 | In Pakistan, life insurance business was nationalized in: |
A. 1970
B. 1972
C. 1973
D. 1978
|
| 4 | The person who gets himself insured is called |
A. Insured
B. Proposer
C. Insurance policy
D. Both a and b
|
| 5 | 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
|
| 6 | If a person having a property of two lakhs and insurance of fifty thousand, then in case of loss the company will pay: |
A. 25 thousand
B. 50 thousand
C. 1 lakh
D. Nothing
|
| 7 | The objective of life insurance is to: |
A. Make investment
B. Lessen the financial burden
C. Get security for loan
D. All of above
|
| 8 | The time period of rural insurance policy is |
A. 15 - 20 years
B. 10 - 15 years
C. 20 - 25 years
D. More than 25 years
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| 9 | On the death of the insured, sum is paid to |
A. Friends
B. Dependents
C. Relatives
D. Insurer
|
| 10 | In Pakistan, life insurance business was nationalized in |
A. 1970
B. 1972
C. 1973
D. 1978
|
Test Questions