Business studies First Term 2023/2024 Half Term Test
Authored by Grade Eight
Business
8th Grade
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is undertaken to protect against loss of life or property?
Business studies
Insurance
Education
Store-keeping
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the insurance policy taken to cover goods shipping across the sea called?
Fire
Marine
Burglary
Accident
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is the insurer?
The insurance company
The person or company who insures his goods
The government
The intermediary
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the reasons or functions of insurance?
To bear loss
To reduce risks
To cause loss
To ensure loss
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the person or company that insures his property or life called?
insured
insurer
insurance company
premium
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not among banking services?
Loans
Traveller's Cheque
Banker's draft
insure properties
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an ethical issue in the banking sector?
Confidentiality
Integrity
Non-transparency
transparency
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