Practice Insurance Awareness Online Test 5 | Englishfreetest.com

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Here's the exercise 'Practice Insurance Awareness Online Test 5 | Englishfreetest.com' about General Knowledge Online Test.


This General Knowledge Online Test simulates a real online certification exams. You will be presented Multiple Choice Questions (MCQs) based on General Knowledge Concepts, where you will be given four options. Online General Knowledge Test for competitive examination, entrance examination and campus interview. Take various tests and find out how much you score ...

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  • Test content
    Question 1: The government has set a target to raise health services expenditure to _________ percentage of GDP by 2025
    A. 3%
    B. 5%
    C. 2.5%
    D. 2.8%
    Question 2: Which among the following defines the process of converting physical certificates into electronic form?
    A. Liquidity
    B. Accessibility
    C. NEFT
    D. DEMAT
    Question 3: When the amount for which a subject matter is insured is more than its actual value,it is called______
    A. Premium
    B. Cover note
    C. Reinsurance
    D. Double Insurance
    Question 4: Which of the following involves proportionate sharing of the insurance among more than one insurer?
    A. Premium
    B. Cover note
    C. Reinsurance
    D. Co-insurance
    Question 5: Which among the following will lend ₹ 25000 Crore to National Highways Authority of India to fund highway projects?
    A. LIC
    B. NTPC
    C. SBI
    D. PNB
    Question 6: The things or property insured is called ________ of the insurance
    A. Subject matter
    B. Insurable interest
    C. Policy
    D. Cover note
    Question 7: ______ is the professionals who evaluate and analyse the risks involved in insuring people and assets.
    A. Surveyors
    B. Loss assessors
    C. Agents
    D. Underwriter
    Question 8: __________ is a voluntary termination of the contract by the policy holders.
    A. Report
    B. Surrender
    C. Prospectus
    D. Cover note
    Question 9: Which of the following means the act of throwing a part of the cargo overboard lighten the ship in emergencies?
    A. Cover note
    B. Premium
    C. Waiver
    D. Jettison
    Question 10: Which of the following is contract between two insures i.e. original insurer and another insurer?
    A. Premium
    B. Cover note
    C. Reinsurance
    D. Co-insurance