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11th Standard English Medium Commerce Subject Insurance Creative 1 Mark Questions with Solution Part - I

11th Standard English Medium Commerce Subject Insurance Creative 1 Mark Questions with Solution Part - I

11th Standard

    Reg.No. :
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Commerce

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

  1. The year of Insurance Act is ___________

    (a)

    1932

    (b)

    1935

    (c)

    1938

    (d)

    1940

  2. 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

  3. 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

  4. _______is the basic principle behind every Insurance contract.

    (a)

    Co-operation

    (b)

    Consolidation

    (c)

    Co-Current

    (d)

    Convenience

  5. The word 'Causa Proxima' means ________.

    (a)

    Nearest cause

    (b)

    Nearby cause

    (c)

    two causes

    (d)

    None of the above

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