Question # 1

Insurance is an agreement in which the insurer

Choose an answer

Gives profit

Gives interest

Compensates loss

All the above

The objective of life insurance is to

Choose an answer

Make investment

Lessen the financial burden

Get security for loan

All the above

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

Choose an answer

Whole life insurance

Double insurance

Compensatory insurance

None of these

Types of accidental in insurance are

Choose an answer

Four

Two

Three

One

Insurance is an agreement in which the insurer:

Choose an answer

Gives profit

Give interest

Compensates loss

All the above

Kinds of fire insurance:

Choose an answer

Voyage and time insurance

Specific and floating policy

Fleet and valued policy

Endowment and term life policy

Which insurance policy can be used as a security:

Choose an answer

Marine insurance

Fire insurance

Lifeinsurance

All the three

Paid premium is refundable in case of:

Choose an answer

Life insurance

Fire insurance

Valued policy

Marine insurance

The person who gets himself insured is called

Choose an answer

Insured

Proposer

Insurance policy

Both a and b

What type of security does life insurance offer

Choose an answer

Individual

Collective

Both a and b

None of a and b

In Pakistan, life insurance business was nationalized in

Choose an answer

1970

1972

1973

1978

In Pakistan, life insurance business was nationalized in:

Choose an answer

1970

1972

1973

1978

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

Choose an answer

Whole life insurance

Double insurance

Compensatory insurance

None of these

The objective of life insurance is to:

Choose an answer

Make investment

Lessen the financial burden

Get security for loan

All of above

Types of accidental insurance are:

Choose an answer

Four

Two

Three

One

More Classes

Other Links

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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer