Question # 1

If a person gets his property insured from ti different company's then it is called

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Whole life insurance

Double insurance

Compensatory insurance

None of these

The sum of marine insurance is not paid:

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If the ship changes direction

If the ship is not capable of the voyage

Trade is unneccssary

All these three

What type of security does life insurance offer ?

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Individual

Collective

Both (a) & (b)

None of (a) & (b)

The objective of life insurance is to:

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Make investment

Lessen the financial burden

Get security for loan

All of above

The time period of rural insurance policy is

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15 - 20 years

10 - 15 years

20 - 25 years

More than 25 years

Which insurance policy can be used as a security:

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Marine insurance

Fire insurance

Lifeinsurance

All the three

The company that insures is called

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Insured

Acceptor

Propose/ Insurer

Business company

Why is public not include towards insurance in Pakistan?

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Due to ignorance

Due to poverty

Due to economics backwardness

All three

Insurance is an agreement in which the insurer

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Gives profit

Gives interest

Compensates loss

All the above

Types of accidental in insurance are

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Four

Two

Three

One

If a person having a property of two lakhs and insurance of fifty thousand, then in case of loss the company will pay:

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25 thousand

50 thousand

1 lakh

Nothing

The time period of rural insurance policy is:

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15 - 20 years

10 - 15years

20 - 25years

More than 25 years

In Pakistan, life insurance business was nationalized in

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1970

1972

1973

1978

The sum of marine insurance is not paid

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If the ship changes direction

If the ship is not capable of the voyage

Trade is unnecessary

All these three

Why is public not inclined towards insurance in Pakistan ?

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Due to ignorance

Due to poverty

Due to economic backwardness

All three

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