Q-11- The expanded of UHIS is
- Universal Health Insurance System
- Universal Health Insurance Scheme
- Universal Health Insurance Scenario
- Universal Health Insurance Solutions
Option-2 UHIS stands for Universal Health Insurance Scheme
Q-12- When did insurance begin in Babylon?
- 1971 BC
- 1750 BC
- 1907 BC
- 2000 BC
Option-1 Insurance began in Babylon in 1971 BC
Q-13- In Life Insurance, the Sum of the amount to be paid to beneficiaries at the time of death of Insured’s death is called
- Face Value
- Sum Insured
- Face Amount
- None of these
Option-1 Face value is the amount of money your beneficiaries will receive from your insurance company at the time of insured’s death.
Q-14- A coverage that protects businesses engaged in electronic commerce from losses caused by hackers is called
- Hacker Insurance
- Hacker Protection
- Social Engineering
- Identity theft Insurance
Option-1 Hacker Insurance is a coverage that protects businesses engaged in electronic commerce from losses caused by hackers.
Q-15- A single policy which covers a group of individuals of a named group,organization usually employees of the same company or members of the same association and their dependants is called _____________
- Health Insurance
- Group Insurance
- Association Insurance
- Personal group Insurance
Option-2 Group Insurance is a plan for cover same company/association and their dependents.
Q-16- A seller’s market in which insurance is expensive and in short supply is termed as
- Soft Market
- Hard Market
- Alternative Market
- None of the Above
Option-3 Alternative Market,a term which is commonly used in risk financing to refer to one of a number of risk funding techniques is known as Alternative Market.
Q-17- A market where insurance is plentiful and sold at a lower cost, also known as a Buyers market is called ________
- Soft Market
- Hard Market
- Alternative Market
- None of the Above
Option-1 Soft Market
Q-18- __________ is a fixed amount for a covered service, paid by a patient to the insurance company before patient receives service from physician.
- Deductible
- Coinsurance
- Copay/Copayment
- All of these
Option-3 A Copay/Copayment is a fixed amount for a covered service, paid by a patient to the insurance company before patient receives service from physician.
Q-19- Deductible mentioned in which currency?
- US Dollar
- UK Pound
- Indian Rupee
- Any of currency
Option-4 Deductible could be mentioned in any currency in which country the policy operates.
Q-20- The transit risks caused by fire is covered under ________.
- Excess policy
- Floating policy
- All risk policy
- Transit policy
Option-4 All fire risks during transit will be covered under Transit Policy.