Interpretation of certain words and expressions 3.18 2B Appointment of Authority of Insurance 3.18 PART II In 1680, he established England's first fire insurance company, "The Fire Office," to insure brick and frame homes. 6,00,000 4. IC-57 FIRE AND CONSEQUENTIAL LOSS INSURANCE: Click to share on WhatsApp (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Pinterest (Opens in new window), Join us on Telegram Official Group for Para 13.2: Click here, Static Awareness Quiz | 10th December 2018, Sleeping Tonic | One Liner |Current Affairs |7th, 8th, 9th and 10th December 2018, Para 13.2 Banking & Financial Awareness PDF : Download Now, Insurance Institute of India iii exam Mock Test : Sure Shot Success, Para 13.2 Memory Based Paper (Fire+Marine) Free : Attempt Free Online Now, Daily GK Update 21st December 2020, Daily Current Affairs 2020. Link for PDF file is given below. 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MCQ ExAMINATION SpECIfICATIONS BOOkLET IMpORTANT NOTE Candidates are advised to study this booklet closely before presenting for AMC examinations. 2000: Add to Cart: IC-47: Foundation of Casualty Actuarial Science- Part I SmartPractice Mock Tests (550 MCQ) Last updated: June 2020: Rs. Section 2(61 of the Insurance Act defines fire insurance as follows: ―Fire insurance business means the business of effecting, otherwise than incidentally to some other class of business, MP NHM for Staff Nurse, ANM & Lab Technician Recruitment 2020 : 5835 Post... English Quiz for IBPS PO MAINS | 21st December English Quiz. 16.D Suitable general Insurance covers are necessary for every family. On the premise of the necessities, the following types of fire insurance policy can be availed, which are: Specific Policy: Under this policy, for a certain property, a specified sum insured is determined and in case of any loss, the compensation will be provided for the loss provided it is less than the determined amount. We have provided Business Services Class 11 Business Studies MCQs Questions with Answers to help students understand the concept very well. MCQ On this thread, I am sharing brief and concise notes on the Insurance Laws in India. (b) Take out life insurance, and then kill yourself to support your family. Leading cause of Industrial fire is, 3. Insurance Awareness Multiple Choice ... Investment-linked, Life annuity plan, Medical and health are the main products of life insurance. Marine insurance c. Life insurance d. All of these 35) The commission earned by insurance companies from others for giving them business under re LQVXUDQFHLVFDOOHG«««««««« a. So, go and take the provided Insurance Awareness General Knowledge Online Test. (c) People, who know they have a terminal disease and are about to die, will sign up for a life insurance contract. 2. A building or its contents causing damages or ignited due to fire in Neighboring / Adjoining Building. A. Insurance MCQ’s 1. Why do I need fire insurance? 3.B These short objective type questions with answers are very important for competitive exams like CAT, IBPS etc. 1. © 2020 ambitiousbaba.com | All rights reserved. Which one of the following does not belong to the major general insurance private sector companies in India? Regular Inspection, maintenance and adequate lubrication reduce. These short solved questions or quizzes are provided by Gkseries. • RAW MATERIAL • SEMI FINISHED GOODS • PACKING MATERIALS • ALL THE ABOVE 4. The stock in hand has always been valued at 5% below cost: It explains the concept of insurance and how it is used to cover risk. Individuals, families, businesses, properties and assets are exposed to different types and levels of risks. MCQ ExAMINATION SpECIfICATIONS BOOkLET IMpORTANT NOTE Candidates are advised to study this booklet closely before presenting for AMC examinations. Ambitious Baba : India's No. Fire due to Spontaneous Combustion, C.     Fire maliciously set by Intruders, Disgruntled Employee and Arsonists. Fire Insurance By - Sandeep Mishra To – Prof Hema Shirodkar Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Is fire insurance compulsory? Two Story building with Perfect Party Walls, C.     Multi storey building with Party Walls, A. Insurance Awareness Quiz Questions and Answers PDF MCQ. 3. Which of the following is a type of hazard? 17.C B.COM –CBCS EXAMINATION 2018 BANKING AND INSURANCE Multiple Choice Questions 1. insurance policy 7,00,000 There is an average clause in the policy. Quantity of heat liberated, per unit of floor area when a building and its contents are completely burnt. ... pdf “The purpose of the Australian Medical Council is to ensure that standards of education, training Australian Medical Council Fire insurance is property insurance that provides additional coverage for loss or damage to a structure damaged or destroyed in a fire. Here we are presenting some Insurance Awareness GK Questions along with the Answers. Ambitious Baba : India's No. A residential building not occupied more than 30 days, B. 6,00,000 4. Fire insurance means insurance against any loss caused by fire. The contents of your home can also be insured. It will guide to know more than the people staring at you. 5,60,000 6. 5. 7. Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject. Insurance as we know it today can be traced to the Great Fire of London, which in 1666 devoured 13,200 houses. General Insurance - Practices and Procedures – Focus Claims Claims Procedures – Underinsurance - Condition of Average - Recovery – Salvage. Property & Casualty Insurance MCQ EXAM QUIZ Practice Questions. INSURANCE CLAIMS FOR LOSS OF STOCK AND LOSS OF PROFIT 10.5 3. 36,000• Stock on 31/12/2000 Rs 66,000• Purchases during the year 2000 RS.4,80,000• Sales during the year 2000 Rs. by Bimabazaar- Insurance Times Group 7 months ago 6 minutes, 40 seconds 228 views Presenting for the first time in India a reliable and tested coaching solution from the house of The , In the aftermath of this disaster, Nicholas Barbon opened an office to insure buildings. Fire insurance makes good sense. If a fire occurred in your home, the time you have to escape could be as little as: a) 3 minutes b) 12 minutes c) 1 minute d) 30 minutes Answer: c) 1 minute 3. E Book- IC 38 In this quick tip, we are going to share with you how you can open *.ePub files on your browser with EPUBReader on Firefox and MagicScroll on Chrome. 13.C Proper Process operations and good housekeeping, B. General Insurance Products • Property Insurance (Fire and Engineering) • Marine Insurance (Hull and Cargo) • Motor Insurance • Business Interruption “Thanks & Be Ambitious”. In order to make a claim on their fire policy, they ask you to advise on the basis of the following information. Link for, Join us on Telegram Official Group for Para 13.2: Click here, Click to share on WhatsApp (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Pinterest (Opens in new window), PRACTICE OF LIFE INSURANCE IC-02 E-BOOK|PARA 13.2|DOWNLOAD PDF, The Hindu Review (Current + English Article + Vocab)| 30th November 2018, Para 13.2 Banking & Financial Awareness PDF : Download Now, Insurance Institute of India iii exam Mock Test : Sure Shot Success, Para 13.2 Memory Based Paper (Fire+Marine) Free : Attempt Free Online Now, Daily GK Update 21st December 2020, Daily Current Affairs 2020. Multiple Choice Questions prevailing here are based … Follow our Blog for Regular Updates:- Ambitious Baba You need to know all the issues related to the Insurance Awareness from this article. 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