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1
answer
Which of the following terms matches closest with ‘Automatic Teller Machines’?
asked
Jul 31, 2021
in
Finance
finance
finance-quiz
insurance
insurance-priniciple
general-assurance
atm
divisional-offices
1
answer
Select the expanded form of SV as commonly used in life insurance
asked
Jul 31, 2021
in
Finance
finance
finance-quiz
insurance
insurance-priniciple
general-assurance
sv-full-form
selected-value
1
answer
Select the expanded form of OR as commonly used in life insurance
asked
Jul 31, 2021
in
Finance
finance
finance-quiz
insurance
insurance-priniciple
general-assurance
or
once-renewed
1
answer
Select the expanded form of SA as commonly used in life insurance
asked
Jul 31, 2021
in
Finance
finance
finance-quiz
insurance
insurance-priniciple
general-assurance
sa
sum-assured
1
answer
A nomination can be made only in favour of ________________
asked
Jul 31, 2021
in
Finance
finance
finance-quiz
insurance
insurance-priniciple
insurance-nomination
1
answer
Compared to the premium for a Whole Life plan, the premium for an Endowment plan will be ____________ for the same age
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
premium-insurance
life-insurance-plan
endowment
same-age
1
answer
Which of the following is an important reason for insurers to sell life insurance policies through agents?
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
important-things
insurers
life-insurance
insurance-agents
1
answer
Which of the following is/are important activities of an organisation’s Accounts Department?
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
organisation-support
keeping-control
investments-of-fund
bill
1
answer
State which of the statements given below is correct?
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
risk-driving
interfere
buy-insurance
good-health
1
answer
________ may be described as a social device to reduce or eliminate risk of loss to life and property.
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
reduce-speed
long-term-investment
saving
1
answer
State which of the statements given below is correct.
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
true-or-false
organisation
employees
1
answer
A policy where the policyholder makes a one-time payment of premium, is known as a ______________
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
policyholder
one-time-payment
money-back-policy
single-premium-policy
1
answer
In cases where a Life Insurance Agent collects the premium from the policyholder and remits it to the insurer’s office
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
life-insurance-agent
premium-policyholder
irda
insurance-company
1
answer
Which of the following terms matches closest with ‘Family Floater’?
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
family-floater
health-insurance
property-insurance
accidental-injury
1
answer
GA as used in insurance
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
ga
general-assurance
general-average
1
answer
CTL as used in insurance
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
ctl
contributory-total-loss
constructive-total-loss
1
answer
Fidelity Guarantee Policies cover losses due to fraud by ____________.
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
fidelity-guarantee-policies
fraud-borrowers
1
answer
The principle of average applies when the value is _____________ in the proposal.
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
average-applies
understated
overstated
not-ascertainable
1
answer
The principle of _____________ ensures that an insured does not profit by insuring with multiple insurers.
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
subrogation
contribution
co-insurance
indemnity
1
answer
An actuary is expected to
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
actuary-expected
exact-forecast
liability
1
answer
Which of the following intermediaries do not require IRDA’s license/approval to operate in India?
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
irda-license
insurance-broker
insurance-agents
1
answer
The main purpose of having Life insurance is:
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
life-insurance
long-term-investment
income-tax
1
answer
The term ‘Risk’ includes:
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
risk-free
machinery-property
health
toxic-products
1
answer
Insurance helps to
asked
Jul 28, 2021
in
Finance
finance
finance-quiz
insurance
insurance-priniciple
finanacial-consequences
1
answer
Insurance works on the principle of
asked
Jul 28, 2021
in
Finance
insurance
insurance-priniciple
insurance-works
sharing-of-lossess
probability-damage-loss
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