Sunday, September 11, 2016

Insurance Quiz

1.Which of the following is not the principal of insurance
Utmost Good Faith 
Principle of Contribution 
Maximization of Profit 
Causa Proxima

2."Stepping into shoes of other" related with
Principle of CAUSA PROXIMA 
Principle of Subrogation 
Principle of Contribution 
Principle of Indemnity

3.A person must be benefited by that thing which he wants to be insured is called
Interest 
Insurable Interest 
Causa Proxima 
Contribution of That person

4.Supervision and Development of Insurance in India is in the hands of
SEBI 
Insurance Regulatory Development Authority 
Life Insurance Corporation of India 
Central Government

5. IRDA was constituted by which of the following committee's recommendations
Kumarmangalam Committee 
Malhotra Committee 
Singh Committee
Sahota Committee

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