MCQS on Banking and Insurance (Part-8 181 to 200)

 181) From the following which is a loss due to fire 

a) Loss of asset 

b) Loss of profit 

c) Both a and b 

d) None 

182) In which year insurance began in India 

a) 1870 

b) 1818 

c) 1897 

d) 1896 

183) An insurance policy will be only if ___________is paid 

 a) Policy 

b) Premium 

c) Document 

d) None 

184) ___________ is the total premium that a policy holder pays 

a) Gross premium 

b) Average premium 

c) Total premium 

d) Level premium 

185) The time frame for which an insurance policy provides coverage is known as___________________ 

a) Policy term 

b) Policy loan 

c) Policy mode 

d) None 

186) Intimation of death is the information of death to the________________ 

a) Beneficiary 

b) Insurer 

c) Both A&B 

d) None 

187) _________ is a form of health insurance against loss by a accidental bodily injury 

a) Property insurance 

b) Marine insurance 

c) Personal insurance 

d) Accident Insurance 

188) Which is not a subject matter of marine insurance 

a) Hull insurance 

b) Cargo Insurance 

c) Fright Insurance 

d) Fire insurance 

189) Form the following which is not a content of the letter of intimation 

a) Name of the life assured 

b) Date of death 

c) Cause of death 

d) Date of birth 

190) Life insurance policy are issued for_______ years of duration 

a) 15-20 

b) 5-10 

c) 10-15 

d) 10-20 

191) __________ is known as Rashtriya Krishi Bima Yojana 

a) Crop Insurance 

b) Hut Insurance 

c) Property Insurance 

d) None 

192) Risk insured against death is a contract of________ 

a) Agreement 

b) Indemnity 

c) Assurance 

d) None 

193) ___________ policy issued on the basis of the number of persons assured 

a) Single life 

b) Level Premium 

c) Annuity 

d) Multiple life 

194) The danger of loss from the unforeseen circumstances in future refers to ___________ 

a) Perils 

b) Hazards 

c) Damage 

d) Risk 

195) Policy holders are expected to pay premium on due dates a period of 15-30 days is allowed as grace to make payment of premium from the due date is 

a) Day of grace 

b) Days of indemnity 

c) Both 

d) None 

196) _______ is a theft committed by breaking out of the premises 

a) Burglary 

b) Blanket 

c) Fire 

d) None 

197) The central office of LIC of India is located at-----------. 

a) Mumbai 

b) New Delhi 

c) Bangalore 

d) Chennai 

198) From the following which is not an example of fundamental risk. 

a) War 

b) Unemployment 

c) Inflation 

d) Burning of a house 

199) ----------is based on the principle of co-operation 

a) Indemnity 

b) Insurance 

c) Claim 

 d) None 

200) Fire insurance contract is a contract of --------. 

a) Guarantee 

b) Validity 

c) Contribution 

d) Indemnity