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Chapter 4- Business Services MCQs

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By Ayrah Hussain 11H

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Chapter 4- Business Services MCQs
 

Chapter 4- Business Services MCQsOnline version

By Ayrah Hussain 11H

by Ayrah Hussain
1

What is the full form of ATM?

2

What is the most important principle of insurance?

3

How many main types of Insurances are there?

4

"Insurance Company undertakes to pay a specified sum when the insured attains a particular age or on his death" Which type of life insurance is this?

5

What is "E-Banking"?

6

Which of the following is DEMERIT of RTGS?

7

Which machine is found in various commercial stores through which payments can be made by credit/debit cards directly?

8

Which of the following apply to NEFT?

9

The principle of utmost good faith is applicable to-

10

A fire insurance policy is generally valid for-

11

Principle of Indemnity does not apply to

12

The nominee in a life insurance policy is the-

13

Which principle ensures the insured is in teh same position as before the loss?

14

In fire insurance, loss must be caused due to-

15

Raghav had an insurance policy for a car valid till 31st december 2024. He had gone for a New Year's party that night around 11:30 pm. Later that night, on his way back he got into a horrible car accident, that caused very bad injuries and a lot of damage to his car, this happened around 12:45 am. Can he make a claim for insurance?

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