11th Class ICom Part 1 Principles of Commerce Chapter Wise Online MCQ Test with answers PDF English Medium

Principle of Commerce Icom Part 1 English Medium Online Test

Sr. #	Questions	Answers Choice
1	What type of security does life insurance offer ?	Individual Collective Both (a) & (b) None of (a) & (b)
2	Why is public not inclined towards insurance in Pakistan ?	Due to ignorance Due to poverty Due to economic backwardness All three
3	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
4	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
5	Types of accidental insurance are:	Four Two Three One
6	The voyage policy is taken for:	Specific voyage Specific centres Specific person Voyage of different countries
7	The time period of rural insurance policy is:	15 - 20 years 10 - 15years 20 - 25years More than 25 years
8	According to Jiwan Sathi insurance,, the husband and wife are provided with financial security in:	One installment Two installment Three installment Fourinstallment
9	On the death of the insured, sum is paid to:	Friends Dependents Relatives Insurer
10	The objective of life insurance is to:	Make investment Lessen the financial burden Get security for loan All of above
11	Group insurance is popular among:	Unemployed people Employees of business organizations House wives All the above
12	In Pakistan, life insurance business was nationalized in:	1970 1972 1973 1978
13	The certificates of Modaraba are:	Non-transferable Transferable Conditionally transferable All of the above
14	In Modaraba the person who works is called:	Worker Principal Rab-ul-Mal Modarib
15	In Modaraba, the person who invests capital is called:	Modarib Rab-ul-Mal Investor Businessman

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