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11th Commerce - Insurance Book Back Questions Question Bank Software Sep-09 , 2019

Insurance

11th Commerce - Insurance Book Back Questions

Insurance Book Back Questions

11th Standard

    Reg.No. :
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Commerce

Time : 00:45:00 Hrs
Total Marks : 30
    5 x 1 = 5

  1. The basic principle of insurance is ________.

    (a)

    Insurable Interest

    (b)

    Co-operation

    (c)

    Subrogation

    (d)

    Proximate causa

  2. ___________ is not a type of general insurance.

    (a)

    Marine Insurance

    (b)

    Life Insurance

    (c)

    Fidelity Insurance

    (d)

    Fire Insurance

  3. Which of the following is not a function of insurance?

    (a)

    Lending Funds

    (b)

    Risk Sharing

    (c)

    Capital formation

    (d)

    Protection of life

  4. Which of the following in not applicable in insurance contract?

    (a)

    Unilateral Contract

    (b)

    Conditional Contract

    (c)

    Indemnity Contract

    (d)

    Inter-personal contract

  5. Which one of the following is a type of marine insurance?

    (a)

    Money back policy

    (b)

    Cargo Insurance

    (c)

    Hull insurance

    (d)

    both b & c

    6. 2 x 2 = 4

  6. List any five important types of policies.

  7. What is health insurance?

    8. 2 x 3 = 6

  8. Define Insurance.

  9. Write a note on IRDAI.

    10. 3 x 5 = 15

  10. Explain the various types of Insurance.

  11. Explain the Principles of insurance.

  12. Discuss the causes of risk.

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