EASY
IBPS Clerk Mains
IMPORTANT
Earn 100

Insurance works on the principle of:

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Important Questions on Past Years Mcqs of LIC, IBPS and Other Exams

MEDIUM
IBPS Clerk Mains
IMPORTANT
Financial & Insurance Awareness with Current Affairs>Chapter 1 - Past Years Mcqs of LIC, IBPS and Other Exams>Exercise 1>Q 131
Insurance helps to:
EASY
IBPS Clerk Mains
IMPORTANT
Financial & Insurance Awareness with Current Affairs>Chapter 1 - Past Years Mcqs of LIC, IBPS and Other Exams>Exercise 1>Q 132
The term 'Risk' includes:
MEDIUM
IBPS Clerk Mains
IMPORTANT
Financial & Insurance Awareness with Current Affairs>Chapter 1 - Past Years Mcqs of LIC, IBPS and Other Exams>Exercise 1>Q 133
Which of the following intermediaries do not require IRDA's licence/approval to operate in India?
MEDIUM
IBPS Clerk Mains
IMPORTANT
Financial & Insurance Awareness with Current Affairs>Chapter 1 - Past Years Mcqs of LIC, IBPS and Other Exams>Exercise 1>Q 134
An actuary is expected to:
MEDIUM
IBPS Clerk Mains
IMPORTANT
Financial & Insurance Awareness with Current Affairs>Chapter 1 - Past Years Mcqs of LIC, IBPS and Other Exams>Exercise 1>Q 135
The principle of _____ ensures that an insured does not profit by insuring with multiple insurers.
EASY
IBPS Clerk Mains
IMPORTANT
Financial & Insurance Awareness with Current Affairs>Chapter 1 - Past Years Mcqs of LIC, IBPS and Other Exams>Exercise 1>Q 136
The principle of average applies when the value is _____ in the proposal.
MEDIUM
IBPS Clerk Mains
IMPORTANT
Financial & Insurance Awareness with Current Affairs>Chapter 1 - Past Years Mcqs of LIC, IBPS and Other Exams>Exercise 1>Q 137
CTL as used in insurance:
MEDIUM
IBPS Clerk Mains
IMPORTANT
Financial & Insurance Awareness with Current Affairs>Chapter 1 - Past Years Mcqs of LIC, IBPS and Other Exams>Exercise 1>Q 138
Which of the following terms matches closest with 'Family Floater'?