Question # 1

The time period of rural insurance policy is

Choose an answer

15 - 20 years

10 - 15 years

20 - 25 years

More than 25 years

What type of security does life insurance offer ?

Choose an answer

Individual

Collective

Both (a) & (b)

None of (a) & (b)

Why is public not include towards insurance in Pakistan?

Choose an answer

Due to ignorance

Due to poverty

Due to economics backwardness

All three

Group insurance is popular among:

Choose an answer

Unemployed people

Employees of business organizations

House wives

All the above

The sum of marine insurance is not paid

Choose an answer

If the ship changes direction

If the ship is not capable of the voyage

Trade is unnecessary

All these three

The person who gets himself insured is called:

Choose an answer

Insured

Proposer

Insurance policy

Both (a) and (b)

Insurance is an agreement in which the insurer:

Choose an answer

Gives profit

Give interest

Compensates loss

All the above

The principal of contribution is ot applicable in:

Choose an answer

Life insurance

Marineinsurance

Valued policy

Fireinsurance

Group insurance is popular among

Choose an answer

Unemployed people

Employed of business organizations

House wives

All the above

If a person having a property of two lakhs and insurance of fifty thousand, then in case of loss the company will pay:

Choose an answer

25 thousand

50 thousand

1 lakh

Nothing

Which insurance policy can be used as a security:

Choose an answer

Marine insurance

Fire insurance

Lifeinsurance

All the three

The person who gets himself insured is called

Choose an answer

Insured

Proposer

Insurance policy

Both a and b

What type of security does life insurance offer

Choose an answer

Individual

Collective

Both a and b

None of a and b

Kinds of fire insurance:

Choose an answer

Voyage and time insurance

Specific and floating policy

Fleet and valued policy

Endowment and term life policy

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

Choose an answer

Whole life insurance

Double insurance

Compensatory insurance

None of these

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer