Risk Management And Insurance Set 3

Bachelor of Commerce in Banking and Insurance (B.Com Banking and Insurance),

Bachelor of Commerce in Banking (B.Com Banking)

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This set of Risk Management and Insurance Multiple Choice Questions & Answers (MCQs) focuses on Risk Management And Insurance Set 3

Q1 | Insurance is a risk management technique involving____________
Q2 | Risk management follows a systematic process which involves _______ steps.
Q3 | Organizations are mainly concerned with managing
Q4 | The first step in risk management process is
Q5 | Which of the following steps in the risk management process helps in determining suminsured under policies?
Q6 | Main emphasis of risk management is on
Q7 | When the subject is partially lost by a peril insured against, it is called ___________
Q8 | The Concept of Insurance is ___________
Q9 | Insurance covers the risk of most certain event _____
Q10 | Insurance cover _______
Q11 | The person whose risk is insured a is called ____________
Q12 | The person who agrees to compensate the loss arisingfrom the risk is called the ______
Q13 | Risk insured against death is a contract of _________
Q14 | ________ is a document which provides evidence of the contract of insurance.
Q15 | The proportion of the risk which the direct insurer holds on his own account refers to_______
Q16 | A Re-insurance of re-insurance refers to _____
Q17 | Reinsurance also termed as ______
Q18 | When the same risk and subject matter is insured with more than one insurer is called as _______
Q19 | When the amount for which a subject matter is insured is more than its actual value it iscalled _____
Q20 | The business of insurance is related to protection of ________
Q21 | Who are the beneficiaries of Insurance?
Q22 | In insurance contracts, the insurance company is also known as ________
Q23 | For introduction of a group scheme, we need a ______
Q24 | When choosing group life insurance, most groups buy _______
Q25 | On the death of the bread-earner, two losses occur in the family-one is loss of human lifeand the other _____
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