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11th Standard Commerce Insurance English Medium Free Online Test One Mark Questions 2020 - 2021

11th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. The basic principle of insurance is ________.

    (a)

    Insurable Interest

    (b)

    Co-operation

    (c)

    Subrogation

    (d)

    Proximate cause

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

    (a)

    Unilateral Contract

    (b)

    Conditional Contract

    (c)

    Indemnity Contract

    (d)

    Inter-personal contract

  3. A person did not disclose the heart disease while taking a life insurance policy. Which principle of insurance he has violated?

    (a)

    Utmost good faith

    (b)

    Insurable Interest

    (c)

    Indemnity

    (d)

    Proximate cause

  4. Which of the following is covered under Life Assurance policy?

    (a)

    Annuity Policy

    (b)

    Health Policy

    (c)

    Freight Policy

    (d)

    Crop Policy

  5. Which policy provides financial support to farmers?

    (a)

    Cargo Insurance

    (b)

    Crop Insurance

    (c)

    Cattle Insurance

    (d)

    Fire Insurance

  6. 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

  7. _____________________is the basic principle behind every Insurance contract.

    (a)

    Co-operation

    (b)

    Consolidation

    (c)

    Co-Current

    (d)

    Convenience

  8. The person whose risk is insured, is called____________ .

    (a)

    Insurer

    (b)

    Insured

    (c)

    Underwriter

    (d)

    Assurer

  9. Marine policies are divided on the basis of_______________.

    (a)

    Subject matter

    (b)

    Duration

    (c)

    Terms

    (d)

    All the above

  10. ____________Policy covers all types of risks to the ship and its cargo while the ship is at a particular port.

    (a)

    Voyage

    (b)

    Floating

    (c)

    Port risk

    (d)

    Time

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