Que. 1 : Which of the below is an factor of calculating the premium in general insurance ?
1. The estimated amount of loss that may arise due to loss of asset.
2. The probability of loss due to a loss event (caused by an insured peril)
3. All of the above
4. None of the above
Que. 2 : The emergence of which of the following necessitates insurance as a form of security ?
1. Nuclear family system
2. Joint family system
3. Both of the above
4. None of the above
Que. 3 : Rajesh is a professional who’s job is inducing a commercial transaction through inducing the purchase of a product or service, such act being carried out with the intent of earning remuneration. What is his profession ?
1. He is a Teacher
2. He is a professor
3. He is a doctor
4. He is a salesman
Que. 4 : Government of India transacts life insurance business in India through which of the following:
1. LIC of India
2. Postal Life Insurance
3. GIC of India
4. All of the above.
Que. 5 : Which of the following is a method of fixing sum insured in house holder’s insurance ?
1. Reinstatement value
2. Market value
3. Both of the above
4. None of the above
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