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

11th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5
  1. A contract of insurance is a_________ Contract.

    (a)

    Mercantile

    (b)

    Co-operative

    (c)

    Social

    (d)

    None of these

  2. ____________Policy is a plan which provides coverage to a number of persons under one contract.

    (a)

    Endowment

    (b)

    Money Back

    (c)

    Group Insurance

    (d)

    Term

  3. Marine policies are divided on the basis of_______________.

    (a)

    Subject matter

    (b)

    Duration

    (c)

    Terms

    (d)

    All the above

  4. As per Marine Insurance Act, 1963, a time policy which is made for any time exceeding___________months is invalid.

    (a)

    6

    (b)

    12

    (c)

    18

    (d)

    No time limit

  5. ____________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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