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

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Question # 1

Which insurance policy can be used as a security:

Question # 2

If a person gets his property insured from ti different company's then it is called

Question # 3

The sum of marine insurance is not paid

Question # 4

The principal of contribution is ot applicable in:

Question # 5

Group insurance is popular among:

Question # 6

The company that insures is called

Question # 7

The person who gets himself insured is called:

Question # 8

The voyage policy is taken for

Question # 9

Why is public not inclined towards insurance in Pakistan ?

Question # 10

The company that insures is called:

Question # 11

What type of security does life insurance offer

Question # 12

Why is public not include towards insurance in Pakistan?

Question # 13

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

Question # 14

The time period of rural insurance policy is

Question # 15

If a person gets his property insured from to different company's then it is called:

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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 company that insures is called:
A. Insured
B. Acceptor
C. Proposer / Insurer
D. Business company
2 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
3 The principal of contribution is ot applicable in:
A. Life insurance
B. Marineinsurance
C. Valued policy
D. Fireinsurance
4 According to Jiwan Sathi insurance,, the husband and wife are provided with financial security in:
A. One installment
B. Two installment
C. Three installment
D. Fourinstallment
5 The objective of life insurance is to:
A. Make investment
B. Lessen the financial burden
C. Get security for loan
D. All of above
6 On the death of the insured, sum is paid to:
A. Friends
B. Dependents
C. Relatives
D. Insurer
7 Types of accidental in insurance are
A. Four
B. Two
C. Three
D. One
8 The time period of rural insurance policy is:
A. 15 - 20 years
B. 10 - 15years
C. 20 - 25years
D. More than 25 years
9 The person who gets himself insured is called:
A. Insured
B. Proposer
C. Insurance policy
D. Both (a) and (b)
10 The voyage policy is taken for:
A. Specific voyage
B. Specific centres
C. Specific person
D. Voyage of different countries

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