11th Principles of Commerce MCQS Chapter 18

11th Principles of Commerce MCQS
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The company that insures is called
Business company
Propose/ Insurer
Acceptor
Insured

The time period of rural insurance policy is
20 – 25 years
More than 25 years
15 – 20 years
10 – 15 years

Group insurance is popular among
Unemployed people
All the above
Employed of business organizations
House wives

The person who gets himself insured is called
Insurance policy
Proposer
Both a and b
Insured

If a person gets his property insured from ti different company’s then it is called
Whole life insurance
Double insurance
Compensatory insurance
None of these

Types of accidental in insurance are
One
Four
Two
Three

The objective of life insurance is to
Make investment
Get security for loan
Lessen the financial burden
All the above

In Pakistan, life insurance business was nationalized in
1972
1978
1973
1970

On the death of the insured, sum is paid to
Dependents
Relatives
Insurer
Friends

The sum of marine insurance is not paid
If the ship is not capable of the voyage
If the ship changes direction
All these three
Trade is unnecessary

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