Insurance Management Set 5
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This set of Insurance Management Multiple Choice Questions & Answers (MCQs) focuses on Insurance Management Set 5
Q1 | ………….are the middlemen in the healthcare delivery chain in insurancesector.
- surveyors
- loss assessors
- brokers
- TPAs
Q2 | ……………is insurance companies tying up with banks to sell insuranceproducts.
- franchising
- merger
- bancassurance
- insuranced linked banking
Q3 | …………..company sent 50,000 direct mailers to office –goers in Mumbaithrough their lunch boxes.
- Bajaj insurance
- Reliance insurance
- Icici insurance
- Tata insurance
Q4 | ICICI prudential Life insurance company sent 50,000 direct mailers tooffice –goers in Mumbai through their lunch boxes.It is a
- Worksite marketing
- Direct marketing
- retail marketing
- none of these.
Q5 | ________ is a social device for eliminating or reducing theloss of society from certain risk.
- Premium
- Policy
- Insurance
- Contract
Q6 | Insurance provides security against ________
- Risk
- Losses
- Both (a) & (b)
- None of them
Q7 | The ________ is the party who agrees to compensate the otherperson against possible losses.
- Insured
- Insurer
- Assured
- None
Q8 | The ________ is the party who gets his life or propertyinsured against risks.
- Insured
- Insurer
- Assurer
- None
Q9 | The insurer agrees to compensate the insured in considerationof a sum of money is called
- Premium
- Policy
- Subject matter
- None
Q10 | The things or property insured is called ________ of theinsurance
- Subject matter
- Insurable interest
- Policy
- None
Q11 | A contract of insurance is a ________ agreement.
- Contingent
- Constant
- both
- None of these
Q12 | The Bombay Mutual Assurance Society Ltd. formed in ________
- 1870
- 1970
- 1960
- 1865
Q13 | ________ was the first Indian Insurance Company
- Bombay Mutual Assurance Society Ltd.
- Bombay Insurance Society Ltd.
- Insurance Regulatory Development Authority
- General Insurance Corporation
Q14 | Risk is evaluated on the basis of ________ theory
- Variability
- Contingency
- Probability
- All
Q15 | From the following, which is not a type of risk?
- Speculative risks
- Dynamic risks
- Fundamental
- Quantitative
Q16 | Insurable interest means ________ interest
- Individual
- Social
- Monetary
- All of these
Q17 | Which of the following insurance contract is not based on theprinciple of indemnity.
- Fire insurance
- Marine insurance
- Life insurance
- All
Q18 | Human life is the subject matter of a contract of ________
- Life assurance
- Fire insurance
- Marine insurance
- General insurance
Q19 | Motor insurance provides insurance cover to ________
- Private vehicles
- Commercial vehicles
- Motorcycles
- All of these
Q20 | Employee's State Insurance Corporation was established in ________
- 1968
- 1958
- 1948
- 1988
Q21 | In insurance the risk is ________
- Certain
- Uncertain
- Both (a) & (b)
- None
Q22 | Marine insurance may cover loss or damage to the ________
- Ship
- Cargo
- Any other subject of Marine adventure
- All of these
Q23 | From the following which is not a miscellaneous insurance?
- Motor insurance
- Third party insurance
- Social insurance
- Burglary insurance
Q24 | Marine insurance is for one year or for a specified ________
- Voyage
- Year
- Loss
- None
Q25 | From the following which is the dilly or powers of IRDA.
- To regulate, promote and ensure orderly growth of the insurance business
- To exercise all powers and functions of the Controller of Insurance
- To promote and regulate professional organizations connected with insurance business
- All of these