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This online test contains MCQs about following topics:
Definition of insurance . Principles of insurance . Importance of insurance . Difference between life and other insurance . Kinds of insurance
ICOM Part 1 Commerce Ch. 18 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 18 "Principle of Commerce Icom Part 1 English Medium Chapter 18 Online Test"
Try The MCQ's Test For Chapter 18 "Principle of Commerce Icom Part 1 English Medium Chapter 18 Online Test"
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Total Questions15
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Time Allowed20
Principle of Commerce Icom Part 1 English Medium Chapter 18 Online Test
00:00
Question # 1
The company that insures is called:
Question # 2
The objective of life insurance is to
Question # 3
The time period of rural insurance policy is
Question # 4
The sum of marine insurance is not paid:
Question # 5
If a person gets his property insured from ti different company's then it is called
Question # 6
The principal of contribution is ot applicable in:
Question # 7
In Pakistan, life insurance business was nationalized in:
Question # 8
Why is public not inclined towards insurance in Pakistan ?
Question # 9
The person who gets himself insured is called
Question # 10
Group insurance is popular among:
Question # 11
Group insurance is popular among
Question # 12
What type of security does life insurance offer
Question # 13
What type of security does life insurance offer ?
Question # 14
The voyage policy is taken for
Question # 15
Why is public not include towards insurance in Pakistan?
11th Principles of Commerce Chapter 18 Test
Here you can prepare 11th Principles of Commerce English Medium Chapter 18 Insurance Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 18 "Principle of Commerce Icom Part 1 English Medium Chapter 18 Online Test" MCQ`s Test
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H Hira 02 - Dec - 2018 00 Min 02 Sec 15/15 -
S Subtain Ahmed Raza 17 - Jul - 2023 00 Min 43 Sec 15/15 -
K KHALIL UR REHAMAN 18 - Aug - 2022 01 Min 09 Sec 15/15 -
M Muhammad Uzair 01 - Dec - 2020 02 Min 06 Sec 15/15 -
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R rida 21 - Jun - 2018 01 Min 48 Sec 14/15 -
A Ascii Mughal 29 - Apr - 2018 02 Min 00 Sec 14/15 -
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R Rizwana 22 - Feb - 2021 01 Min 54 Sec 13/15 -
U User 0620 25 - Mar - 2023 02 Min 12 Sec 13/15
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The objective of life insurance is to: |
A. Make investment
B. Lessen the financial burden
C. Get security for loan
D. All of above
|
| 2 | The voyage policy is taken for |
A. Specific voyage
B. Specific centres
C. Specific person
D. Voyage of different countries
|
| 3 | The time period of rural insurance policy is |
A. 15 - 20 years
B. 10 - 15 years
C. 20 - 25 years
D. More than 25 years
|
| 4 | Kinds of fire insurance: |
A. Voyage and time insurance
B. Specific and floating policy
C. Fleet and valued policy
D. Endowment and term life policy
|
| 5 | The sum of marine insurance is not paid |
A. If the ship changes direction
B. If the ship is not capable of the voyage
C. Trade is unnecessary
D. All these three
|
| 6 | Insurance is an agreement in which the insurer |
A. Gives profit
B. Gives interest
C. Compensates loss
D. All the above
|
| 7 | In Pakistan, life insurance business was nationalized in: |
A. 1970
B. 1972
C. 1973
D. 1978
|
| 8 | Why is public not include towards insurance in Pakistan? |
A. Due to ignorance
B. Due to poverty
C. Due to economics backwardness
D. All three
|
| 9 | Types of accidental in insurance are |
A. Four
B. Two
C. Three
D. One
|
| 10 | If a person having a property of two lakhs and insurance of fifty thousand, then in case of loss the company will pay: |
A. 25 thousand
B. 50 thousand
C. 1 lakh
D. Nothing
|
| 11 | According to Jiwan Sathi insurance, the husband and wife are provided with financial security in |
A. One installment
B. Two installments
C. Three installments
D. Four installments
|
| 12 | Which insurance policy can be used as a security: |
A. Marine insurance
B. Fire insurance
C. Lifeinsurance
D. All the three
|
| 13 | Group insurance is popular among |
A. Unemployed people
B. Employed of business organizations
C. House wives
D. All the above
|
| 14 | The objective of life insurance is to |
A. Make investment
B. Lessen the financial burden
C. Get security for loan
D. All the above
|
| 15 | Why is public not inclined towards insurance in Pakistan ? |
A. Due to ignorance
B. Due to poverty
C. Due to economic backwardness
D. All three
|
Test Questions
