1.A contract that pledges payment of an agreed upon amount to the person (or his/her nominee) on the happening of an event covered against" is technically known as?
Death coverage
Life insurance
Savings for future
Provident fund
2.The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?
Instalment
Contribution
Premium
EMI
3.Expand the term IFRS.
Indian Financial Reporting Standards
Indian Financial Reporting Systems
International Financial Reporting Standards
International Financial Reporting Systems
4.Which amongst the following is not an insurance company functioning in India?
ICICI prudential
ING Vysya
National Securities Depository Limited
New India Assurance company
5.Which of the following public sector companies/organizations provides insurance cover to exporters?
ECGC
NABARD
SIDBI
IRDA
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