11th class Principle of Commerce chapter 18 online mcq test with answers for I.Com part 1 Principle of Commerce chapter 18(Insurance)

Principle of Commerce Icom Part 1 English Medium Chapter 18 Online Test

Sr. #	Questions	Answers Choice
1	The principal of contribution is ot applicable in:	Life insurance Marineinsurance Valued policy Fireinsurance
2	Which insurance policy can be used as a security:	Marine insurance Fire insurance Lifeinsurance All the three
3	Paid premium is refundable in case of:	Life insurance Fire insurance Valued policy Marine insurance
4	If a person having a property of two lakhs and insurance of fifty thousand, then in case of loss the company will pay:	25 thousand 50 thousand 1 lakh Nothing
5	Kinds of fire insurance:	Voyage and time insurance Specific and floating policy Fleet and valued policy Endowment and term life policy
6	The person who gets himself insured is called:	Insured Proposer Insurance policy Both (a) and (b)
7	The company that insures is called:	Insured Acceptor Proposer / Insurer Business company
8	Insurance is an agreement in which the insurer:	Gives profit Give interest Compensates loss All the above
9	What type of security does life insurance offer ?	Individual Collective Both (a) & (b) None of (a) & (b)
10	Why is public not inclined towards insurance in Pakistan ?	Due to ignorance Due to poverty Due to economic backwardness All three
11	The sum of marine insurance is not paid:	If the ship changes direction If the ship is not capable of the voyage Trade is unneccssary All these three
12	If a person gets his property insured from to different company's then it is called:	Whole life insurance Double insurance Compensatory insurance None of these
13	Types of accidental insurance are:	Four Two Three One
14	The voyage policy is taken for:	Specific voyage Specific centres Specific person Voyage of different countries
15	The time period of rural insurance policy is:	15 - 20 years 10 - 15years 20 - 25years More than 25 years

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