Multiple Choice
_________ is a contract between two insures i.e.original insurer and another insurer.
A) Insurance
B) Reinsurance
C) Policy
D) Premium
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The term „Risk? includes:<br>A)Damage to machinery and
Q2: _ means the transfer of all the
Q3: _is the oldest form of insurance<br>A)Motor insurance<br>B)Marine
Q4: A human being<br>A)Is an economic asset<br>B)Is an
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
Q11: Risk may be:<br>A)objective<br>B)subjective<br>C)Both (a) and (b)<br>D)None of