Question # 1

Which insurance policy can be used as a security:

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Marine insurance

Fire insurance

Lifeinsurance

All the three

What type of security does life insurance offer

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Individual

Collective

Both a and b

None of a and b

On the death of the insured, sum is paid to

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Friends

Dependents

Relatives

Insurer

The time period of rural insurance policy is:

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15 - 20 years

10 - 15years

20 - 25years

More than 25 years

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

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One installment

Two installment

Three installment

Fourinstallment

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

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Whole life insurance

Double insurance

Compensatory insurance

None of these

In Pakistan, life insurance business was nationalized in:

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1970

1972

1973

1978

The person who gets himself insured is called:

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Insured

Proposer

Insurance policy

Both (a) and (b)

Why is public not inclined towards insurance in Pakistan ?

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Due to ignorance

Due to poverty

Due to economic backwardness

All three

The principal of contribution is ot applicable in:

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Life insurance

Marineinsurance

Valued policy

Fireinsurance

The voyage policy is taken for

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Specific voyage

Specific centres

Specific person

Voyage of different countries

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

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25 thousand

50 thousand

1 lakh

Nothing

Types of accidental in insurance are

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Four

Two

Three

One

Why is public not include towards insurance in Pakistan?

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Due to ignorance

Due to poverty

Due to economics backwardness

All three

In Pakistan, life insurance business was nationalized in

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1970

1972

1973

1978

Insurance is an agreement in which the insurer:

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Gives profit

Give interest

Compensates loss

All the above

Group insurance is popular among:

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Unemployed people

Employees of business organizations

House wives

All the above

The sum of marine insurance is not paid

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If the ship changes direction

If the ship is not capable of the voyage

Trade is unnecessary

All these three

The company that insures is called

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Insured

Acceptor

Propose/ Insurer

Business company

Types of accidental insurance are:

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Four

Two

Three

One

What type of security does life insurance offer ?

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Individual

Collective

Both (a) & (b)

None of (a) & (b)

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