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Insurance Management Practice Test
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Avg score: 50% • Most missed: “A contract of insurance is a ________ agreement.”
Insurance Management courses (India) typically covere these topics:   Year I Principles and practice banking  Financial Accounting Principles of Insurance Physical  Education Insurance Law and practice Business Management Environmental Studies value education Financial Mathematics Economics English Entrepreneurship Management Year II Financial Management Legal Regulatory Aspects of Banking Workshop of Numerical Skills Service and Marketing Central Banking E-Commerce and E-Business Business Economics Workshop on Reasoning Skill Business Ethics Institutional... Show more
Insurance Management Practice Test
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25 Questions

1. Employee's State Insurance Corporation was established in ________
2. _________ is known as Rashtriya Krishi Bima Yojana
3. Human life is the subject matter of a contract of ________
4. In India ……….controls and regulate the rates, advantages , terms and conditions that may be offered by insures in respect of general insurance business relating to marine (hull) ,motor ,engineering and workmen compensation.
5. NAIS stands for
6. The …………..company was the first insurance company to be set up in India to help the widows of the Europian community.
7. The ………….,has allowed cooperative societies to carry on insurance business.
8. __________ refers to the right of an insurer to refuse admittance of the claim by the insured.
9. ________ policy is taken to cover different risks for a single shipment.
10. From the following which is not a non-proportional form of reinsurance?
11. The first requirement of the corporation in the cases of death claim is _____
12. As per structured formula under the Motor Vehicle Act, victims of fatal injuries are paid compensation on the basis of:
13. Risk is evaluated on the basis of ________ theory
14. ___________ Policy is issued to cover the risks involved when the ship is anchored in the post.
15. A person who gains or benefits as per a contract is known as ______
16. Which of the following terms is dissimilar to the other four options?
17. Select the expanded form of FPA as used in insurance
18. The oldest life insurance company in existence today is the society for the equitable assurance of lives and survivorship, known as ………
19. Insurable interest must be present in an ________ insurance contract at the time of contract and at the time of loss.
20. ________ is a form of health insurance against loss by accidental bodily injury
21. Which of the following terms is dissimilar to the other four in the context of death claims in life insurance?
22. …………are those where a part of the premium is charged for the risk cover and the rest is invested in selected mutual funds as per the choice of the investor.
23. Objective of IRDA includes
24. The scope of protection provided under the contract of insurance is ______
25. ________ insurance means an alternative to purchasing insurance in a commercial market.

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