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Multiple Choice Question/Answers

Introduction to Insurance
Model Questions Bank
1. Which of the following events a. Nuclear family system
make us anxious and afraid? b. Life Insurance penetration
a. Fire b. Flood c. Joint family system
c. Earthquake d. Lightning d. Moderate literacy rate
e. All of the above e. None of the above

2. Why do events make us anxious 6. The origins of modern commer-

and afraid? cial insurance business as prac-
a. Events are unpredictable ticed today can be traced to
b. Cause of economic loss and ________ in London.
grief. a. Amicable Society for a Perpetual
c. It causes adrenaline rush in our Assurance
body. b. Lloyd's Coffee House
d. Physical and mental stress c. Swiss Re
e. Only a and b d. Munich Re
e. Berkshire Hathaway
3. Which of these gave the idea of
proper formation of insurance? 7. Amicable Society for a Per-
a. Babylonian and Chinese Traders petual Assurance founded in
b. Traders from Bharuch and surat _____ in London is considered
c. Greeks to be the first life insurance
d. Inhabitants of Rhodes company in the world.
e. All of the above a. 1700 b. 1702
c. 1704 d. 1706
4. The _________ had agreements e. 1708
where they would pay additional
sums to lender, as a price for 8. Which is the first English Life In-
writing off loans, in case a ship- surance company to be set up
ment was lost or stolen. in India?
a. Traders from Bharuch and surat a. The Oriental Life Insurance Co.
b. Greeks Ltd.
c. Babylonian Traders b. Triton Insurance Co. Ltd.
d. Inhabitants of Rhodes c. Bombay Mutual Assurance Soci-
e. Chinese Traders ety Ltd.
d. National Insurance Company Ltd.
5. Which of the follow ing has e. None of the above.
helped India down the ages as
best form of Life Insurance? 9. ___________ is the first non-life

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