Q. The term 'Assurance' refers to ___________
✅ Correct Answer: (A)
Life Insurance business
Banking and Insurance MCQs and Notes
Q. Crop insurance covers the risks of
✅ Correct Answer: (D)
All of these
Q. Property insurance may not include
✅ Correct Answer: (D)
Sickness
Q. Fire insurance came into existence after the Great Fire of London in
✅ Correct Answer: (A)
1666
Q. A marine insurance is a contract of
✅ Correct Answer: (B)
Indemnity
Q. Freight insurance is under
✅ Correct Answer: (B)
Marine insurance
Q. Hull insurance is a type of
✅ Correct Answer: (C)
Marine insurance
Q. Marine insurance may cover loss or damage to the
✅ Correct Answer: (D)
All of these
Q. Motor insurance provides insurance cover to
✅ Correct Answer: (D)
All of these
Q. When a banker collects cheques, dividend warrants, bills or other services on behalf of the customer, the banker the banker acts as an__________
✅ Correct Answer: (B)
Agent