Insurance and Entrepreneurship Quiz
Authored by Ugbolue Excel
Business
7th Grade
Used 1+ times
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40 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is insurance?
A process of saving money
A method of financial protection against losses
A form of government tax
A type of investment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a type of insurance?
Health insurance
Life insurance
Motor insurance
All of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the person or company who provides insurance called?
Insured
Broker
Underwriter
Insurance company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the premium in insurance?
A discount given to insured persons
The amount paid by the insured to the insurer
A loan taken by the insured
The amount paid during claims
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an example of life insurance?
Accident insurance
Funeral insurance
Health insurance
Car insurance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a principle of insurance?
Risk pooling
Profit sharing
Discounting
Trading stocks
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which insurance is mainly designed to protect someone’s vehicle?
Health insurance
Motor insurance
Life insurance
Property insurance
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