Multiple Choice
Risk may be:
A) objective
B) subjective
C) Both (a) and (b)
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q6: Insurance is meant to<br>A)Prevent specified events<br>B)Prevent damage
Q7: Freight insurance is under<br>A)life insurance<br>B)marine insurance<br>C)fire insurance<br>D)other
Q8: Virtual banking is also called<br>A)Internet Banking<br>B)Home banking<br>C)Mobile
Q9: Insurance is necessary because<br>A)Assets depreciate over time
Q10: The IRDA stands for<br>A)Insurance Regulatory and Development
Q12: Insurance compensate losses<br>A)By replacing the original asset<br>B)To
Q13: Insurance works on the principle of<br>A)Sharing<br>B)Probabilities<br>C)Large numbers<br>D)All
Q14: Insurance benefits replace<br>A)All physical losses in full<br>B)All
Q15: The General Insurance Business Nationalization Act was
Q16: The amount of insurance depends on<br>A)Peril<br>B)The risk<br>C)Neither