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Insurance Model Question Paper

11th Standard

    Reg.No. :
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Commerce

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. When more than one Insurance policy is taken to cover the same subject matter is called as

    (a)

    Double Insurance

    (b)

    Single Insurance

    (c)

    Re-Insurance

    (d)

    Spot Insurance

  2. The person who agrees to compensate the loss arising from the risk is called as______________

    (a)

    insurer

    (b)

    assurer

    (c)

    underwriter

    (d)

    all the above

  3. 'Stepping the shoes on others' means _________ .

    (a)

    Subrogation

    (b)

    Contribution

    (c)

    nearest cause

    (d)

    indemnity

  4. __________insurance is made for the duration of a particular voyage.

    (a)

    Liability

    (b)

    Voyage

    (c)

    Hull

    (d)

    Cargo 

  5. It is feared that the private insurance companies would concentrate mainly on the______________ segment.

    (a)

    educated

    (b)

    rural

    (c)

    urban

    (d)

    specific

  6. 5 x 2 = 10
  7. State the difference between Double Insurance and re-insurance?

  8. What is Double Insurance?

  9. What is 'Proximate cause'?

  10. What do you mean by 'Surrender Value'?

  11. State the essential elements of Marine Insurance Contract.

  12. 5 x 3 = 15
  13. Define Insurance.

  14. Give the meaning of Crop Insurance.

  15. Write a note on IRDAI.

  16. What is Fire Insurance? What are its features.

  17. What is Life Insurance? What are its importance?

  18. 4 x 5 = 20
  19. Explain the various types of Risks.

  20. Explain any five types of Miscellaneous Insurance.

  21. Briefly explain the Duties and Function of IRDAI:

  22. What is General Insurance? What are the different types of general insurance?

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