Insurance and Risk Management MCQS WITH ANSWERS

 

Insurance and Risk Management

31. Pure Risk was grouped ______________.

1. Property Risk
2. .Personal Risk
3. Liability risk
4. All the above

Correct answer: (D)
All the above

32. A bancassurance started in India was ______________.

1. 2002
2. 2003
3. 2001
4. 2000

Correct answer: (A)
2002

33. ______________ refers to distribution of insurance products through

1. Bank
2. Company
3. Co-operatives
4. Sole trader

Correct answer: (A)
Bank

34. Risk Management process includes ______________

1. Risk Analysis
2. Risk Control
3. Risk Analysis and Control
4. Risk Reduction

Correct answer: (C)
Risk Analysis and Control

35. The foundation for risk Management is provided by ______________

1. Risk Control
2. Risk Analysis
3. Risk Identification
4. Risk Retention

Correct answer: (C)
Risk Identification

36. Insurance is a risk management technique involving

1. Risk Retention
2. Risk Avoidance
3. Loss Control
4. Risk Transfer

Correct answer: (D)
Risk Transfer

37. Restoring a policy holder to his pre-loss financial position means ______________.

1. Contribution
2. Indemnity
3. Goodwill
4. LiquidAsset

Correct answer: (B)
Indemnity

38. ______________ are the risk management methods

1. Insurance
2. Hedging
3. Derivatives
4. All the above

Correct answer: (D)
All the above

39. The strategy pursued by the business firms to tackle risk by spreading into a number of business is ______________.

1. Diversification
2. Centralisation
3. Risk Retention
4. Financing

Correct answer: (A)
Diversification

40. A firm may seek to minimize marketing risks by undertaking ______________.

1. Credit Facilities
2. Training Salesmen
3. Market Research
4. Branch Expansion

Correct answer: (C)
Market Research

MCQs With Answers

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