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Recent questions tagged insurance-business
1
answer
__________ provides evidence of insurance to the police and Registration Authorities under Motor Vehicle Act.
asked
Oct 3, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-business
endorsement
insurance-policy
cover-note
1
answer
The term 'Assurance' refers to ___________.
asked
Oct 3, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-business
general-assurance
life-insurance
fire-insurance
motor-insurance
marine-insurance
1
answer
__________ Policy is granted only in respect of stocks of inventories of the insured under fire insurance business.
asked
Oct 3, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-business
fire-insurance
direct-insured
declaration
family-floater
1
answer
The danger of loss from the unforeseen circumstances in future refers to _________.
asked
Oct 3, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-business
probability-damage-loss
perils
potential-hazards
risk
1
answer
_____________ Policy issued on the basis of the number of persons assured.
asked
Oct 3, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-business
single-premium-policy
premium-insurance
annuity
multiple-life-policy
1
answer
From the following, which is not a type of Public Liability Risk Insurance?
asked
Oct 3, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-business
public-rule
builder-risk-insurance
industrial-risk
1
answer
Public liability Insurance Act established in _______.
asked
Oct 3, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-business
public-rule
insurance-act
1
answer
Crop insurance covers the risks of __________.
asked
Oct 3, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-business
crop-insurance
fire-insurance
storm
drought
1
answer
Crop insurance scheme came into existence in India in ________.
asked
Oct 3, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-business
crop-insurance
lic-of-india
insurance-scheme
1
answer
_________ is known as Rashtriya Krishi Bima Yojana.
asked
Oct 3, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-business
rashtriya-krishi-bima-yojana
crop-insurance
property-insurance
hut-insurance
1
answer
Property Insurance may not include ___________.
asked
Oct 3, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-business
property-insurance
burglary-insurance
fidelity-guarantee-policies
insolvency
1
answer
An unlooked mishap or an untoward event which is not expected or designed
asked
Oct 3, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-business
untoward-event
risk
accident-caused
1
answer
________ means the transfer of all the rights and remedies available to the insured in respect of the subject matter to
asked
Oct 3, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-business
insurer
subrogation
indemnity
contribution
1
answer
__________ Insurance is a contract to provide a measure of financial support to farmers in the event of a crop failure
asked
Oct 3, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-business
crop-insurance
fire-insurance
burglary-insurance
contract-in-insurance
1
answer
________ insurance means an alternative to purchasing insurance in a commercial market.
asked
Oct 3, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-business
double-insurance
reinsurance
insurance-policy
1
answer
When the amount for which a subject matter is insured is more than its actual value, it is called _________.
asked
Oct 2, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
reinsurance
double-insurance
insurance-company
1
answer
From the following, which is not a non-proportional form of reinsurance?
asked
Oct 2, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
reinsurance
treaty-method
quota-method
1
answer
Re-insurer is the insurer who grants a guarantee from the ________.
asked
Oct 2, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
insurer
direct-insured
underwriter
1
answer
The proportion of the risk which the direct insurer holds on his own account is called
asked
Oct 2, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
direct-insured
cession
retention
1
answer
________ means insuring again.
asked
Oct 2, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
insurance-policy
general-insurance
co-insurance
1
answer
_______ involves proportionate sharing of the insurance among more than one insurer.
asked
Oct 2, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
insurance-policy
co-insurance
1
answer
__________ means insuring a risk with two or more insurers and the total sum insured also exceeds the actual value
asked
Oct 2, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
insurance-policy
general-insurance
single-premium-policy
1
answer
Reinsurance can be called as __________.
asked
Oct 2, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
reinsurance
insurance-policy
1
answer
_________ is a contract between two insures i.e. original insurer and another insurer.
asked
Oct 2, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
contract-in-insurance
insurer
insurance-policy
1
answer
________ Policy covers both fixed and current assets of insured manufactures.
asked
Oct 2, 2021
in
Finance
by
voice
(
257k
points)
finance
finance-quiz
insurance
insurance-quiz
insurance-priniciple
insurance-business
insurance-policy
direct-insured
penalty-assessments
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