Banking and Insurance MCQs and Notes

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Banking and Insurance

Q 1. Crop insurance covers the risks of

(A) Natural fire

(B) Storm

(D) All of these

Q 2. Property insurance may not include

(A) Burglary

(B) Fidelity

(D) Sickness

Q 3. Fire insurance came into existence after the Great Fire of London in

(A) 1666

(B) 1866

(D) 1687

Q 4. A marine insurance is a contract of

(A) Increment

(B) Indemnity

(D) None

Q 5. Freight insurance is under

(A) Life insurance

(B) Marine insurance

(D) Other miscellaneous insurance

Q 6. Hull insurance is a type of

(A) Motor insurance

(B) Fire insurance

(D) Miscellaneous insurance

Q 7. Marine insurance may cover loss or damage to the

(A) Ship

(B) Cargo

(D) All of these

Q 8. Motor insurance provides insurance cover to

(A) Private Vehicles

(B) Commercial Vehicles

(D) All of these

Q 9. When a banker collects cheques, dividend warrants, bills or other services on behalf of the customer, the banker the banker acts as an__________

(A) Principal

(B) Agent

(D) Bailee

Q 10. Marine insurance may cover loss or damage to the ________

(A) Ship

(B) Cargo

(D) All of these

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