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

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

Sr. # Questions Answers Choice
1 According to Jiwan Sathi insurance,, the husband and wife are provided with financial security in: One installment Two installment Three installment Fourinstallment
2 On the death of the insured, sum is paid to: Friends Dependents Relatives Insurer
3 The objective of life insurance is to: Make investment Lessen the financial burden Get security for loan All of above
4 Group insurance is popular among: Unemployed people Employees of business organizations House wives All the above
5 In Pakistan, life insurance business was nationalized in: 1970 1972 1973 1978
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 Propose/ Insurer Business company
8 Insurance is an agreement in which the insurer Gives profit Gives interest Compensates loss All the above
9 What type of security does life insurance offer Individual Collective Both a and b None of a and b
10 Why is public not include towards insurance in Pakistan? Due to ignorance Due to poverty Due to economics 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 unnecessary All these three
12 If a person gets his property insured from ti different company's then it is called Whole life insurance Double insurance Compensatory insurance None of these
13 Types of accidental in 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 - 15 years 20 - 25 years More than 25 years
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