Insurance Management Set 6
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This set of Insurance Management Multiple Choice Questions & Answers (MCQs) focuses on Insurance Management Set 6
Q1 | __________ provides risks coverage to the life of person
- ( Life Insurance
- Health Insurance
- Death Insurance
- All of these
Q2 | From the following which is the importance of life Insurance?
- Encourage investments
- Credit work ness
- Tax benefit
- All of these
Q3 | __________ refers to the right of an insurer to refuseadmittance of the claim by the insured.
- Replication
- Repudiation
- Dufalication
- None
Q4 | FPR Means ________
- First Premium Receipt
- Fourth Premium Receipt
- First Policy Receipt
- First Police Record
Q5 | __________ is a voluntary termination of the contract by thepolicy holders.
- Report
- Surrender
- Prospectus
- Cover note
Q6 | ________ means closure or writing off the policy before itsactual maturity
- Fore closure
- Surrender
- Endorsement
- Cover note
Q7 | If the insured dies before the expiry of the term of the policy,is known as ________
- surrender
- fore closure
- Death claim
- Death Policy
Q8 | ________ is concerned with overseas trade
- Life Insurance
- Non-life insurance
- Marine insurance
- Fire insurance
Q9 | A marine insurance is a contract of _________
- Increment
- Indemnity
- Maturity
- None
Q10 | Which is not a subject matter of marine insurance
- Hull insurance
- Cargo insurance
- Fright Insurance
- Fire insurance
Q11 | __________ means the body or frame of the ship or vessel and its machinery.
- Cargo
- Fright
- Hull
- Voyage
Q12 | ________ means goods or commodities carried in a ship
- Hull
- Cargo
- Fright
- Wares
Q13 | ________ is the charge to be paid to the transportation of the goods.
- Hull
- Cargo
- Fright
- Premium
Q14 | The first requirement of the corporation in the cases of death claim is _____
- Imitation of death
- Intimation of death
- Certificate of death
- None of these
Q15 | From the following which is not a content of the letter of intimation
- Name of the life assured
- Date of Death
- Cause of death
- Date of birth
Q16 | Expanded form of PPL policy is ___________
- Policy Procedure of Interest
- Policy Port of Interest
- Policy proof of interest
- Port proof of interest
Q17 | ___________ Policy is issued to cover the risks involved when the ship isanchored in the post.
- Cargo
- Port risk
- Currency
- Fleet
Q18 | ________ policy is taken to cover different risks for a single shipment.
- Blanket
- Named
- Specific cover
- Block
Q19 | General Insurance policies are issued for a period of
- 1 year
- 2 year
- 10 year
- 4 year
Q20 | _______ means the act of throwing a part of the cargo over board lightenthe ship in emergencies
- Barratry
- Jettison
- Waiver
- Premium
Q21 | Fire insurance came into existence after the Great Fire of the London in _____
- 1666
- 1866
- 1686
- 1687
Q22 | A valuable policy is just opposite to the ________
- Value policy
- Valued policy
- Both
- None
Q23 | ________ Policy covers both fixed and current assets of insured manufactures.
- Block
- Blanket
- Transit
- Excess
Q24 | _________ is a contract between two insures i.e. original insurer andanother insurer.
- Insurance
- Reinsurance
- Policy
- Premium
Q25 | Reinsurance can be called as ________
- Insurance of Insurance
- Insurance of insures
- Insurance of insurance policy
- None