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Risk Management and Insurance
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Avg score: 28% • Most missed: “Risks are not suited to treatment by insurance refers to ____________”

Banking Specialization

Risk Management and Insurance
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25 Questions

1. ________ is a document which provides evidence of the contract of insurance.
2. Which one of the following statements is correct?
3. One who shares the risk under an insurance policy or policies is known as __________.
4. Which one of the following statements is correct?
5. Organizations are mainly concerned with managing
6. Moral hazard may be suspected in cases where _____
7. The proportion of the risk which the direct insurer holds on his own account refers to ___________
8. Which one of the following statement is correct?
9. ________ involved those losses that occur even if there were no changes in the economic environment.
10. Financial underwriting is done to evaluate ____
11. On the death of the bread-earner, two losses occur in the family-one is loss of human life and the other _____
12. When interest rates fall, the tabular premium rates are likely to _______
13. Risk insured against death is a contract of ________
14. Master policy is issued for _______
15. Which one of the following statement is correct?
16. Which one of the following statements is correct?
17. The person whose risk is insured is called __________
18. Which one of the following statement is correct?
19. The first step in risk management process is
20. Which one of the following statement is correct?
21. An international code of York Antwerp Rules applied to__________
22. Individuals define risk as____________.
23. One of the fundamental principles of life insurance is ______
24. If the interest rates in the market are higher, then cost of insurance _________.
25. Direct or Consequential losses refer to _________

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