MEDIUM
IBPS Clerk Mains
IMPORTANT
Earn 100
Time policies relate to:
50% studentsanswered this correctly
Important Questions on Knowledge of Financial Sector
EASY
IBPS Clerk Mains
IMPORTANT
Select the expanded form of ALOP used in insurance.
EASY
IBPS Clerk Mains
IMPORTANT
Insurance can not prevent the occurrence of the risk, but it provides for the _____.
EASY
IBPS Clerk Mains
IMPORTANT
Which of the following terms matches closest with "Composite policy"?
MEDIUM
IBPS Clerk Mains
IMPORTANT
_____ principle means that the insured is not entitled to make a profit on his loss.
MEDIUM
IBPS Clerk Mains
IMPORTANT
The purpose of _____ is to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss.
MEDIUM
IBPS Clerk Mains
IMPORTANT
_____ principle in insurance mention the cause of the loss must be direct and an insured one in order to claim for compensation.
MEDIUM
IBPS Clerk Mains
IMPORTANT
_____ principle in insurance mention the assured must have an insurable interest in the life or property insured.
EASY
IBPS Clerk Mains
IMPORTANT
The first insurance contract was entered into by European Maritime Nations in 1347 to accept _____ insurance as a practice.
