प्रो लें
परीक्षा गाइड
UPSC सिविल सेवाबैंकिंगSSCरेलवेराज्य PSCरक्षा
अध्ययन सामग्री
फ़्लैशकार्डफ़ॉर्मूला शीटनिबंध विषयसंक्षिप्त रूपमहत्वपूर्ण दिवसमहत्वपूर्ण घटनाएँपिछले वर्षों के प्रश्नपत्रडाउनलोड
ENहिं साइन अप

होम › Insurance Awareness › Insurance Awareness - Insurance Principles

Insurance Awareness - Insurance Principles — Insurance Awareness Questions & Practice

25 Insurance Awareness - Insurance Principles questions from Insurance Awareness for competitive exams such as UPSC, Banking, SSC and Railway. Read the worked questions below, check every answer with an explanation, and track what you get wrong. का अभ्यास करें

Practise this topic

25 questions · 0 quizzes · free to start

Insurance Awareness - Insurance Principles पर अभ्यास प्रश्न — उत्तर सहित

Try each question first, then open the answer. Explanations are included.

1. Which of the following describes the Principle of Utmost Good Faith?

  1. ARequires the policyholder to have a financial or legal interest in the subject matter of the insurance
  2. BRequires both the insurer and insured to disclose all material facts honestly
  3. CA condition in an insurance contract that must be strictly complied with by the insured
  4. DStates that the insurer is liable only for losses that are directly and closely caused by an insured peril
उत्तर दिखाएँ

उत्तर: B

'Principle of Utmost Good Faith' relates to: Requires both the insurer and insured to disclose all material facts honestly

2. The Principle of Utmost Good Faith states that:

  1. ARequires both the insurer and insured to disclose all material facts honestly
  2. BThe fundamental principle of insurance where many individuals share the financial risk of unpredictable losses
  3. CA condition in an insurance contract that must be strictly complied with by the insured
  4. DAllows an insurer to call upon other insurers to share the cost of a claim when a risk is covered by multiple policies
उत्तर दिखाएँ

उत्तर: A

'Principle of Utmost Good Faith' relates to: Requires both the insurer and insured to disclose all material facts honestly

3. Which principle is described as: 'Requires both the insurer and insured to disclose all material facts honestly'?

  1. APrinciple of Utmost Good Faith
  2. BPrinciple of Proximate Cause
  3. CPrinciple of Indemnity
  4. DPrinciple of Causa Proxima
उत्तर दिखाएँ

उत्तर: A

This corresponds to 'Principle of Utmost Good Faith'.

4. Which of the following describes the Principle of Insurable Interest?

  1. ARequires the insured to take reasonable steps to minimize the loss after an insured event occurs
  2. BRequires the policyholder to have a financial or legal interest in the subject matter of the insurance
  3. CRequires both the insurer and insured to disclose all material facts honestly
  4. DEnsures that the insured is compensated only for the actual loss suffered, not more
उत्तर दिखाएँ

उत्तर: B

'Principle of Insurable Interest' relates to: Requires the policyholder to have a financial or legal interest in the subject matter of the insurance

5. The Principle of Insurable Interest states that:

  1. AAnother term for proximate cause, focusing on the most direct and dominant cause of a loss
  2. BAllows an insurer to call upon other insurers to share the cost of a claim when a risk is covered by multiple policies
  3. CRequires the policyholder to have a financial or legal interest in the subject matter of the insurance
  4. DEnsures that the insured is compensated only for the actual loss suffered, not more
उत्तर दिखाएँ

उत्तर: C

'Principle of Insurable Interest' relates to: Requires the policyholder to have a financial or legal interest in the subject matter of the insurance

Insurance Awareness - Insurance Principles और प्रश्न हल करें

और Insurance Awareness टॉपिक

Insurance Awareness - Insurance Terms (173)Insurance Awareness - Types of Insurance (84)Insurance Awareness - Insurance Companies (78)Insurance Awareness - Regulatory Bodies and History (67)Insurance Awareness - Reinsurance and International Terms (60)Insurance Awareness - Distribution Channels (57)Insurance Awareness - Government Insurance Schemes (54)सभी Insurance Awareness →