Business Services

Which service from the below mentioned provides protection from risk?

• Banking

• Insurance

• Transportation

• Postal and telecom

Which of the following is also known as contact of Assurance?

• Fire Insurance

• Marine Insurance

• Life Insurance

• Health Insurance

What is the full form of ATM?

• Automatic Take Money

• Any time money

• Automated Teller Machine

• None of the above

The person or firm who gets compensation is called

• Insurer

• Premium

• Insured

• Happening of an event

In which of the following account is higher rate of interest given

• Saving Account

• Current Account

• Recurring Account

• Fixed Deposit Account

Which of the following cards allows spending money only up to the balance in your account?

• Debit Card

• Credit Card

• Visa Card

• Master Card

Under which of the following posts a receipt is given by post office?

• UPC

• Speed Post

• Parcel Post

• Registered Post

Which of the following can never be dishonored?

• Bank draft

• Cheque

• Both (a) and (b)

• None of these

Which of the following services of bank permits withdrawal of money more than the balance in the account?

• Bank draft

• Overdraft

• Banker's Cheque

• Fixed Deposit

After paying the full compensation, the insurer enters into the shoe of insured.This is related to

• Principle of indemnity

• Principe of subrogation

• Principle of contribution

• Principle of good faith