Insurance MCQ daily is very useful to all Insurance aspirants who want to make Insurance a successful career.
Insurance Daily MCQ is very helpful to all those who are preparing for various competitive exams. This MCQ will certainly add value to their Insurance learning. Practice it daily with us and get a competitive advantage over your competitors.
These Insurance MCQ’s are collected across all branches of Insurance to provide more awareness to all Insurance aspirants.
The InsuranceGK team is committed to making available all possible multiple-choice questions from various sources to visitors of this portal.
“Tell me and I forget, teach me and I may remember, involve me and I learn.”
Benjamin Franklin
With the words of Benjamin Franklin come and join us and make this learning more interactive with InsuranceGK.com.
InsuranceGK team also wishes to all Insurance aspirants for their daily learning with us. Keep learning with us !!
Don’t hesitate to reach us through our contact us page in case of any concern related to information available on the InsuranceGK portal.
Your valuable comments are our strengths.
Q-1- Under Marine insurance Risk and Damage cover of
- Ship
- Cargo
- Any other subject of Marine adventure
- All of these
Option-4 Marine Insurance Policies covers Risk and Damage of Ship and the Subject matter insured. Seperate policies require to cover the Insurable Interest under the policies.
Q-2- Marine insurance is for one year or for a specific __________
- Loss
- Year
- Voyage
- None
Option-3 Marine policies are time specific or voyage specific policies.
Q-3- The benefit of life Insurance
- Encourage investments
- Credit worthiness
- Tax benefit
- All of these
Option-4 All above are the benefits of Life Insurance.
Q-4- The right of an insurer to refuse admittance of the claim by the insured is known as_________
- Replication
- Repudiation
- Dufalication
- None
Option-2Insurer refusal on any claim of Insurer is known as Repudiation.
Q-5- The expanded form of FPR is
- First Police Record
- First Policy Receipt
- First Premium Receipt
- Fourth Premium Receipt
Option-3 FPR refers to First Premium Receipt
Q-6- Voluntary termination of the contract by the policy holders is called
- Report
- Surrender
- Prospectus
- Cover note
Option-2 Surrender
Q-7- If the insured dies before the expiry of the term of the policy, is known as
- surrender
- fore closure
- Death claim
- Death Policy
Option-3 Insured death before policy expiry of term is known as Death Claim.
Q-8- Insurance concerned with overseas trade is__________
- Life Insurance
- Non-life insurance
- Marine insurance
- Fire insurance
Option-3 Marine Insurance
Q-9- A Marine insurance is a contract of ___________
- Maturity
- Indemnity
- Increment
- None
Option-2 A Marine is a contract of Indemnity.
Q-10- Which is not under the subject matter of marine insurance
- Fire insurance
- Hull insurance
- Cargo insurance
- Freight insurance
Option-1 Fire Insurance is not under the subject matter of Insurance.
adxaDa