| 1 |
Paid premium is refundable in case of: |
- A. Life insurance
- B. Fire insurance
- C. Valued policy
- D. Marine insurance
|
| 2 |
The person who gets himself insured is called |
- A. Insured
- B. Proposer
- C. Insurance policy
- D. Both a and b
|
| 3 |
The objective of life insurance is to: |
- A. Make investment
- B. Lessen the financial burden
- C. Get security for loan
- D. All of above
|
| 4 |
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 unnecessary
- D. All these three
|
| 5 |
If a person gets his property insured from to different company's then it is called: |
- A. Whole life insurance
- B. Double insurance
- C. Compensatory insurance
- D. None of these
|
| 6 |
In Pakistan, life insurance business was nationalized in: |
- A. 1970
- B. 1972
- C. 1973
- D. 1978
|
| 7 |
The person who gets himself insured is called: |
- A. Insured
- B. Proposer
- C. Insurance policy
- D. Both (a) and (b)
|
| 8 |
What type of security does life insurance offer ? |
- A. Individual
- B. Collective
- C. Both (a) & (b)
- D. None of (a) & (b)
|
| 9 |
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
|
| 10 |
Which insurance policy can be used as a security: |
- A. Marine insurance
- B. Fire insurance
- C. Lifeinsurance
- D. All the three
|
