First Year Principle of Commerce Chapter 18 Online MCQ Test for 1st Year Principle of Commerce Chapter 18 (Insurance)

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
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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"

  • Total Questions15

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Principle of Commerce Icom Part 1 English Medium Chapter 18 Online Test

00:00
Question # 1

Insurance is an agreement in which the insurer

Question # 2

The principal of contribution is ot applicable in:

Question # 3

Kinds of fire insurance:

Question # 4

In Pakistan, life insurance business was nationalized in:

Question # 5

The person who gets himself insured is called:

Question # 6

The voyage policy is taken for:

Question # 7

Why is public not inclined towards insurance in Pakistan ?

Question # 8

Insurance is an agreement in which the insurer:

Question # 9

According to Jiwan Sathi insurance, the husband and wife are provided with financial security in

Question # 10

Why is public not include towards insurance in Pakistan?

Question # 11

The sum of marine insurance is not paid

Question # 12

The voyage policy is taken for

Question # 13

The person who gets himself insured is called

Question # 14

The company that insures is called:

Question # 15

Group insurance is popular among:

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11th Principles of Commerce Chapter 18 Test

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ICom Part 1 Principle of Commerce (English Medium) Chapter 18 Important MCQ's

Sr.# Question Answer
1 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
2 Insurance is an agreement in which the insurer:
A. Gives profit
B. Give interest
C. Compensates loss
D. All the above
3 In Pakistan, life insurance business was nationalized in
A. 1970
B. 1972
C. 1973
D. 1978
4 What type of security does life insurance offer ?
A. Individual
B. Collective
C. Both (a) & (b)
D. None of (a) & (b)
5 Group insurance is popular among:
A. Unemployed people
B. Employees of business organizations
C. House wives
D. All the above
6 The objective of life insurance is to
A. Make investment
B. Lessen the financial burden
C. Get security for loan
D. All the above
7 The principal of contribution is ot applicable in:
A. Life insurance
B. Marineinsurance
C. Valued policy
D. Fireinsurance
8 Types of accidental insurance are:
A. Four
B. Two
C. Three
D. One
9 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
10 The company that insures is called
A. Insured
B. Acceptor
C. Propose/ Insurer
D. Business company

Test Questions

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