List of Insurance and Financial Marketing Questions for Upcoming Insurance Exams Set-6

List of Insurance and Financial Marketing Questions for Upcoming Insurance Exams Set-6
List of Insurance and Financial Marketing Questions for Upcoming Insurance Exams Set-6:
The list of Important Questions from Insurance and Financial Awareness for Upcoming Insurance Exams was given here; candidates those are preparing for this examination can use these questions.

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1). Marine Hull Insurance comes under the Insurance of __________.
a)   Internet
b)   Property
c)   Liability
d)   Person


2).Which of the following item is included under insurance of liability________.
a)   engineering
b)   crop
c)   product failure
d)   burglary


3).The duty of an actuary is to__________.
a)   Ensure the solvency of the insurer
b)   Approving liabilities
c)   Empower himself
d)   Ineligibility of authority


4).The Maximum share of the Life Insurance Business is carried through_________.
a)   agents
b)   post offices
c)   ATM Centres
d)   Vending Mechanism


5).The presence of insurable interest has to be proved in the following case__________.
a)   Wife has insurable interest in the life of her husband
b)   Husband has insurable interest in the life of his wife
c)   Creditor has insurable interest in the life of his debtor
d)   An insurer has interest in the life of his partner


6).Which is the important element in calculating premium?
a)   Mortality rate
b)   Specific age rate
c)   Birth rate
d)   Literacy rate


7).Premium determined on the basis of the mortality and interest yield is called__________.
a)   Pure premium
b)   Gross premium
c)   Loading
d)   Service charges


8).Net premium is determined on the basis of __________.
a)   Mortality
b)   Interest Yield
c)   Both (a) and (b)
d)   None of these


9).Which of the following is NOT considered in calculating the age of life assured?
a)   Last birthday
b)   Next birthday
c)   Nearer birthday
d)   Date of death


10).Hazard related to person himself is called__________.
a)   Moral hazards
b)   Physical hazards
c)   Personal hazards
d)   Occupational hazards

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