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 cause

  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 is not applicable in insurance contract?

    (a)

    Unilateral Contract

    (b)

    Conditional Contract

    (c)

    Indemnity Contract

    (d)

    Inter-personal contract

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

    (a)

    Money back

    (b)

    Mediclaim

    (c)

    Hull insurance

    (d)

    Corgo insurance

  6. 2 x 2 = 4
  7. List any five important types of life policies.

  8. What is health insurance?

  9. 2 x 3 = 6
  10. Define Insurance.

  11. Write a note on IRDAI.

  12. 3 x 5 = 15
  13. Explain the various types of Insurance.

  14. Explain the Principles of insurance.

  15. Discuss the causes of risk.

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