Basics of Banking and Insurance MCQs and Notes
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Q 1. IRDA refers to
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Q 2. When the amount for which a subject matter is insured more than its actual value, it is called...............
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Q 3. When the same risk and subject matter is insured with more than one insurer is called............
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Q 4. Reinsurance is also termed as..............
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Q 5. A reinsurance of reinsurance known as............
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Q 6. With Profit policy is also known as.......
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Q 7. The policies where the premium is payable throughout the life of the assured is called
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Q 8. The Oriental Life Insurance Company came to India during
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Q 9. The term “Assurance’ refers........
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Q 10. LIC was nationalised in the year
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