Que. 1 : Risk transfer through risk pooling is called ____
1. Savings
2. Investments
3. Risk mitigation
4. Insurance
Que. 2 : Which of the below statement is correct regarding household insurance ?
1. A Comprehensive policy that tends to offer coverage to most perils ; May be purchased as a less expensive alternative to a named peril policy
2. A named peril policy may be purchased as a less expensive alternative to a comprehensive coverage policy that tends to offer coverage to most perils
3. A named peril policy and A Comprehensive policy comes at same price
4. All of the above
Que. 3 : Origins of modern insurance business can be traced to __
1. Botta mry
2. Rhodes
3. Lloyds
4. Malhotra Committee
Que. 4 : Which of the below insurance scheme is run by an insurer and not sponsored by the Government ?
1. Jan Arogya
2. Employees State Insurance Corporation
3. Crop Insurance Scheme
4. All of the above
Que. 5 : Which among the following is the regulator for the insurance industry in India ?
1. Insurance Authority of India
2. Life Insurance Corporation of India
3. Insurance Regulatory and Development Authority
4. General Insurance Corporation of India
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