
Basic and General Insurance
Quiz
•
Others
•
12th Grade
•
Practice Problem
•
Hard
Mubiana Mubiana
Used 2+ times
FREE Resource
Enhance your content in a minute
100 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is insurance? _________
Transfer of the possibility of loss (risk) to an insurance company.
A way to increase your income quickly.
A method to avoid paying taxes.
A process to guarantee profits in business.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a risk? _________.
The uncertainty of financial loss.
A guaranteed way to make profit.
A type of insurance policy.
A fixed interest rate.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two types of loss? _________
Pure and Speculative
Direct and Indirect
Physical and Emotional
Temporary and Permanent
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which risk is insurable? Pure Why? _________
Loss must be financial and uncertain. No financial gain can occur.
Loss must be certain and profitable.
Risk must be speculative and controllable.
Only risks with guaranteed outcomes are insurable.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What causes a loss? _________.
Peril; such as fire, accident or flood.
Profit from investments.
Increase in property value.
Government regulations.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What causes a peril? ________. What is a hazard? _________.
A hazard. Increases the likelihood of a loss; such as smoking.
A peril. Reduces the risk of loss; such as insurance.
A hazard. Eliminates all risks; such as safety measures.
A peril. Prevents losses from occurring; such as fire alarms.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the 6 elements that make pure risk insurable?
Loss must be due to chance, Loss must be definite and measurable, Loss must be statistically predictable, Loss cannot be catastrophic, Loss exposure must be large and insurance must not be mandatory.
Loss must be intentional, Loss must be immeasurable, Loss must be unpredictable, Loss can be catastrophic, Loss exposure must be small and insurance must be mandatory.
Loss must be due to certainty, Loss must be indefinite and immeasurable, Loss must be unpredictable, Loss can be catastrophic, Loss exposure must be small and insurance must be optional.
Loss must be due to chance, Loss must be indefinite and immeasurable, Loss must be unpredictable, Loss can be catastrophic, Loss exposure must be small and insurance must be mandatory.
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
Popular Resources on Wayground
5 questions
This is not a...winter edition (Drawing game)
Quiz
•
1st - 5th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
10 questions
Identify Iconic Christmas Movie Scenes
Interactive video
•
6th - 10th Grade
20 questions
Christmas Trivia
Quiz
•
6th - 8th Grade
18 questions
Kids Christmas Trivia
Quiz
•
KG - 5th Grade
11 questions
How well do you know your Christmas Characters?
Lesson
•
3rd Grade
14 questions
Christmas Trivia
Quiz
•
5th Grade
20 questions
How the Grinch Stole Christmas
Quiz
•
5th Grade
Discover more resources for Others
26 questions
Christmas Movie Trivia
Lesson
•
8th Grade - Professio...
15 questions
Christmas Song Emoji Pictionary
Quiz
•
7th - 12th Grade
20 questions
Christmas Movies
Quiz
•
1st - 12th Grade
55 questions
CHS Holiday Trivia
Quiz
•
12th Grade
20 questions
Christmas Movie Trivia
Quiz
•
9th - 12th Grade
29 questions
christmas facts
Lesson
•
5th - 12th Grade
20 questions
Christmas Trivia
Quiz
•
5th - 12th Grade
20 questions
Stages of Meiosis
Quiz
•
9th - 12th Grade
