EASY
IBPS Clerk Mains
IMPORTANT
Earn 100

The principle of _____ ensures that an insured does not profit by insuring with multiple insurers.

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Important Questions on Knowledge of Financial Sector

EASY
IBPS Clerk Mains
IMPORTANT
Administrative Officers (AO) Preliminary & Main Exam Objective Test - Financial Awareness>Chapter 1 - Knowledge of Financial Sector>MULTIPLE CHOICE QUESTIONS>Q 185
CTL as used in insurance:
EASY
IBPS Clerk Mains
IMPORTANT
Administrative Officers (AO) Preliminary & Main Exam Objective Test - Financial Awareness>Chapter 1 - Knowledge of Financial Sector>MULTIPLE CHOICE QUESTIONS>Q 186
GA stands for _____ in insurance.
EASY
IBPS Clerk Mains
IMPORTANT
Administrative Officers (AO) Preliminary & Main Exam Objective Test - Financial Awareness>Chapter 1 - Knowledge of Financial Sector>MULTIPLE CHOICE QUESTIONS>Q 187
In cases, whereas life insurance agent collects the premium form the policyholder and remits it to the insurer's office, he is acting as an agent of _____.
EASY
IBPS Clerk Mains
IMPORTANT
Administrative Officers (AO) Preliminary & Main Exam Objective Test - Financial Awareness>Chapter 1 - Knowledge of Financial Sector>MULTIPLE CHOICE QUESTIONS>Q 188
A policy where the policyholder makes a one-time payment of premium is known as a _____.
EASY
IBPS Clerk Mains
IMPORTANT
Administrative Officers (AO) Preliminary & Main Exam Objective Test - Financial Awareness>Chapter 1 - Knowledge of Financial Sector>MULTIPLE CHOICE QUESTIONS>Q 189
A nomination can be made only in favour of _____.
EASY
IBPS Clerk Mains
IMPORTANT
Administrative Officers (AO) Preliminary & Main Exam Objective Test - Financial Awareness>Chapter 1 - Knowledge of Financial Sector>MULTIPLE CHOICE QUESTIONS>Q 190
Which of the following terms is dissimilar to the other four in context of insurable interest in life insurance?
EASY
IBPS Clerk Mains
IMPORTANT
Administrative Officers (AO) Preliminary & Main Exam Objective Test - Financial Awareness>Chapter 1 - Knowledge of Financial Sector>MULTIPLE CHOICE QUESTIONS>Q 191
As per the Insurance Act, every insurer has to prepare at the end of the financial year:
MEDIUM
IBPS Clerk Mains
IMPORTANT
Administrative Officers (AO) Preliminary & Main Exam Objective Test - Financial Awareness>Chapter 1 - Knowledge of Financial Sector>MULTIPLE CHOICE QUESTIONS>Q 192
Time policies relate to: