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Risk Management and Insurance
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Banking Specialization

Risk Management and Insurance
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25 Questions

1. State which one of the following statement is correct?
2. Which one of the following statement is correct?
3. In insurance contracts, the insurance company is also known as ________
4. The reason for charging level premium is _______
5. ________ is a document which provides evidence of the contract of insurance.
6. The net premium will be ______
7. Which one of the following statement is correct?
8. The person who agrees to compensate the loss arising from the risk is called the _____
9. The concept of bancassurance originated in ___________.
10. When choosing group life insurance, most groups buy _______
11. An international code of York Antwerp Rules applied to__________
12. The Concept of Insurance is ___________
13. Foreign equity participation is allowed in insurance sector up to a limit of ____ percent.
14. Insurance business is based on ___________
15. Premium fixed by insurance company must be sufficient to _____
16. Cargo ship caught by fire is an example of __________
17. IRDA refers to_________
18. Direct or Consequential losses refer to _________
19. When was IRD Act passed?
20. _______ policy is which covers the risk during all situations.
21. Risk insured against death is a contract of ________
22. When interest rates fall, the tabular premium rates are likely to _______
23. This policy covers all risks to the ship and its cargo while the ship is at a particular port ___________.
24. Risks are not suited to treatment by insurance refers to ____________
25. The person whose risk is insured is called __________

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