Finance Unbox-ED ($) - Grade 3-5 - Session 016 - Quiz 1

Finance Unbox-ED ($) - Grade 3-5 - Session 016 - Quiz 1

1st - 5th Grade

10 Qs

quiz-placeholder

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Finance Unbox-ED ($) - Grade 3-5 - Session 016 - Quiz 1

Finance Unbox-ED ($) - Grade 3-5 - Session 016 - Quiz 1

Assessment

Quiz

Business

1st - 5th Grade

Practice Problem

Hard

Created by

Bhairav Shah

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the statement that is true

Insurance is a type of protection that a company offers you to protect you from losses
Insurance companies charge a small amount of money each year called premium
Both of the above
None of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the statement that is true

Insurance companies protect us for free for essential services
When we ask an insurance company to pay us for our loss it is called a claim
Both of the above
None of the above

3.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Select all the statements that are true about health insurance

Covers us for our medical bills in case we are not well and require treatment
Policy amount is the minimum amount the health insurance company will pay you
Higher the policy amount higher is the premium for health insurance
All of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Health insurance covers all medical expenses without any exclusions

True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Health insurance premiums go up over time as we become older since the risk of hospitalization tends to be higher as we become older

True
False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the statement that is true about motor insurance

Covers us for our cost of repair in case of an accident
Covers us for buying a new music system that we like for the car
Both of the above
None of the above

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Select the statement that is true about motor insurance

Covers us for the insured value of the car in case of theft
Covers us for for any third party claims
Both of the above
None of the above

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