11th Commerce Monthly Test - 1 ( Insurance )

St. Britto Hr. Sec. School - Madurai

11th Commerce Monthly Test - 1 ( Insurance )-Aug 2020

Time : 2.30 Hours

Part - A

Multiple Choice Question - Answer All Question

According to Insurance Act,________ is the process of appointing a person or persons by the insured, to receive payment of the policy in the event of death.

Nomination
Insurance
General Insurance
Endowment

No__________ policy can be issued in respect of immovable property.

Floating
Declaration
Reinstatement
With profit

From the following, which of this is covered under fire insurance?

Voyage Policy
Term Policy
Floating
Collective Policy

The basic principle of insurance is ________.

Insurable Interest
Co-operation
Subrogation
Proximate cause

'Stepping the shoes on others' means _________ .

Subrogation
Contribution
nearest cause
indemnity

Marine policies are divided on the basis of_______________.

Subject matter
Duration
Terms
All the above

It is feared that the private insurance companies would concentrate mainly on the______________ segment.

educated
rural
urban
specific

Which of the following is a type of marine insurance?

Money back
Mediclaim
Hull insurance
Corgo insurance

The year of Insurance Act is

1932
1935
1938
1940

If, the Policy lapse within two or three years of its issue no ___________ is paid.

Premium
Surrender value
Compensation
Instalment

Part - B

Generic 2 - Answer All Question

What is 'Proximate cause'?

What is re-insurance?

What do you mean by burglary insurance?

What are the terms used in insurance?

What is material fact?

Who is a Nominee?

Write short note on marine insurance.

What is Hull or ship insurance?

'Hull Insurance'-Explain.

What is health insurance?

Part - C

Generic 3 - Answer All Question

What is the classification of life policies?

What is JLP?

What is fire insurance and bring its importance?

Write a note on IRDAI.

What is subrogation?

What is Business Risks? What are its characteristics.

Explain the type of Health Insurance.

What is the classification of Marine Policies?

What is Life Insurance? What are its importance?

What is cargo insurance?

Part - D

Generic 5 - Answer All Question

Explain the types of Life policies.

Explain any five types of Miscellaneous Insurance.

Briefly explain the Duties and Function of IRDAI:

Explain the various types of Risks.
What is General Insurance? What are the different types of general insurance?

Discuss the causes of risk.

Briefly explain the claim settlement.

Explain the various types of Insurance.

Explain the Principles of insurance.

Comment

Add Comment

InstaQB

Institutions

12th Standard English Medium

12th Standard Tamil Medium

11th Standard English Medium

11th Standard Tamil Medium

10th Standard English Medium

9th Standard English Medium

8th Standard English Medium

7th Standard English Medium

Class XII

Class XI

12Th Standard

11Th Standard

10Th Standard

9Th Standard

11th Commerce Monthly Test - 1 ( Insurance )

St. Britto Hr. Sec. School - Madurai

11th Commerce Monthly Test - 1 ( Insurance )-Aug 2020

Part - A

Multiple Choice Question - Answer All Question

According to Insurance Act,________ is the process of appointing a person or persons by the insured, to receive payment of the policy in the event of death.

No__________ policy can be issued in respect of immovable property.

From the following, which of this is covered under fire insurance?

The basic principle of insurance is ________.

'Stepping the shoes on others' means _________ .

Marine policies are divided on the basis of_______________.

It is feared that the private insurance companies would concentrate mainly on the______________ segment.

Which of the following is a type of marine insurance?

The year of Insurance Act is

If, the Policy lapse within two or three years of its issue no ___________ is paid.

Part - B

Generic 2 - Answer All Question

What is 'Proximate cause'?

What is re-insurance?

What do you mean by burglary insurance?

What are the terms used in insurance?

What is material fact?

Who is a Nominee?

Write short note on marine insurance.

What is Hull or ship insurance?

'Hull Insurance'-Explain.

What is health insurance?

Part - C

Generic 3 - Answer All Question

What is the classification of life policies?

What is JLP?

What is fire insurance and bring its importance?

Write a note on IRDAI.

What is subrogation?

What is Business Risks? What are its characteristics.

Explain the type of Health Insurance.

What is the classification of Marine Policies?

What is Life Insurance? What are its importance?

What is cargo insurance?

Part - D

Generic 5 - Answer All Question

Explain the types of Life policies.

Explain any five types of Miscellaneous Insurance.

Briefly explain the Duties and Function of IRDAI:

Explain the various types of Risks.

What is General Insurance? What are the different types of general insurance?

Discuss the causes of risk.

Briefly explain the claim settlement.

Explain the various types of Insurance.

Explain the Principles of insurance.

Comment

Other Study material

11th Commerce Weekly Test - 4 ( Performance of Con

11th Commerce Monthly Test - 2 ( Indirect Taxation

11th Commerce Monthly Test - 3 ( Performance of Co

11th Commerce Monthly Test - 2 ( Performance of Co

11th Commerce Monthly Test - 1 ( Performance of Co

11th Commerce Weekly Test - 1 ( Elements of Contra

11th Commerce Weekly Test - 2 ( Elements of Contra

11th Commerce Weekly Test - 3 ( Elements of Contra

11th Commerce Weekly Test - 4 ( Elements of Contra

11th Commerce Monthly Test - 1 ( Elements of Contr

11th Commerce Monthly Test - 2 ( Elements of Contr

11th Commerce Monthly Test - 3 ( Elements of Contr