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  • Question 1
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    To which insurance contract, the principle of indemnity is not applicable?

  • Question 2
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    Which principle of insurance is violated, if the insured does not take steps to minimise the loss?

  • Question 3
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    Fire insurance contract includes the element of _____________.

  • Question 4
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    The principle of insurance wherein the insured is not allowed to make any profit is called ____________.

  • Question 5
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    Which of the services listed below provides risk protection?

  • Question 6
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    "The insured must have an interest in the subject matter of insurance." Which principle of insurance is related to this statement?

  • Question 7
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    Who can get an overdraft facility from the bank?

  • Question 8
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    A self-service terminal that provides the customers with facilities of withdrawing and depositing cash, fund transfer, obtaining abridged account statement and closing balance, etc. but only through a unique and secured PIN, is called _______________.

  • Question 9
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    A facility wherein the bank allows its current account holders to withdraw over and above the available balance up to a specified threshold is called ____________.

  • Question 10
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    "It is binding on both the parties of insurance to disclose all material facts about the subject matter of proposed insurance." Which principle of insurance is associated with this statement?

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