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	Why is public not include towards insurance in Pakistan?	Due to ignorance Due to poverty Due to economics backwardness All three
2	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
3	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
4	Types of accidental in insurance are	Four Two Three One
5	The voyage policy is taken for	Specific voyage Specific centres Specific person Voyage of different countries
6	The time period of rural insurance policy is	15 - 20 years 10 - 15 years 20 - 25 years More than 25 years
7	According to Jiwan Sathi insurance, the husband and wife are provided with financial security in	One installment Two installments Three installments Four installments
8	On the death of the insured, sum is paid to	Friends Dependents Relatives Insurer
9	The objective of life insurance is to	Make investment Lessen the financial burden Get security for loan All the above
10	Group insurance is popular among	Unemployed people Employed of business organizations House wives All the above
11	In Pakistan, life insurance business was nationalized in	1970 1972 1973 1978
12	The certificates of Modaraba are	Non transferable Transferable Conditionally transferable All of the above
13	In Modaraba the person who works is called	Worker Principle Rab-ul-Mal Modarib
14	In Modaraba, the person who invests capital is called	Modarib Rab-ul-Mal Investor Business man
15	The time period of short time finance is	Two years More than one year One and half year One or less than one year

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