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WorksheetsBUSINESS SERVICES
Total questions: 25
Worksheet time: 13mins
Which service from the below mentioned provides protection from risk?
Banking
Transportation
Insurance
Postal and Telecom
Minimum amount for RTGS is:
25,000
2,00,000
50,000
1,00,000
Which of the following is also known as contract of Assurance?
Fire Insurance
Marine Insurance
Life Insurance
Health Insurance
Which of the following is the full form of ATM?
Automatic Take Money
Any Time Money
Automated Teller Machine
None of these
The person or firm who gets compensation is called:
Insurer
Insured
Premium
Happening of an event
In which of the following account highest rate of interest is given:
Saving Account
Current Account
Recurring Account
Fixed Deposit Account
Which of the following card allow spending money only upto the balance in your account?
Debit Card
Credit Card
Visa Card
Master Card
Which of the following can never dishonoured?
(a) Bank draft
(b) Cheque
Both (a) and (b)
None of these
Which of the following service of Bank permits withdrawal of money more than the balance in the account?
Bank draft
Overdraft
Banker's cheque
Fixed deposit
Insured and Insurer must disclose material facts to each other. This is related to
Principle of indemnity
Principle of causa proxima
Principle of utmost good faith
Principle of insurable interest
The subject matter of life insurance is
Human life
Physical property
Ship/Cargo
None of the above
Spending more than the balance in your account is possible in
(a) Debit card
(b) Credit card
Both (a) and (b)
None of the above
There is no minimum transaction value is
(a) NEFT
(b) RTGS
Both (a) and (b)
None of the above
The insured get loss amount or the policy amount, whichever is less. This is related to
Principle of utmost good faith
Principle of causa proxima
Principle of indemnity
Principle of contribution
If a person take fire insurance policy from 3 insurers. During loss due to fire he will get
Loss amount compensation from all three separately
Loss amount, which will be contributed by all three
Policy amount from all insurance
None of the above
After taking insurance also insured must take care of insured good as he/she was taking care before the insurance policy. This is related to
Principle of utmost good faith
Principle of causa proxima
Principle of contribution
Principle of mitigation of loss
Principle of indemnity is not applicable on
Marine insurance
Fire insurance
Life insurance
None of the above
After paying the full compensation the insurer enter into the shoe of insured. This is related to
Principle of indemnity
Principle of subrogation
Principle of contribution
Principle of utmost good faith
Which of the following do not come under e-Banking?
EFT
ATM
Debit Card
Overdraft
It is a type of saving bank account in which excess of a particular limit gets automatically transferred to fixed deposit account.
Current deposits account
Recurring deposits
Multiple option deposit account
None of these
In fire insurance, the policy-holder need to have insurable interest in the goods only at the time of taking the policy.
True
False
In a life insurance contract, insurable interest must exist both at the time of making the contract and at the time of payment under the policy.
True
False
In fire and marine insurance, the insured event may or may not happen.
True
False
A contract of insurance is a contract of indemnity in every case.
True
False
The fee charged by the insurer on account of providing services is called_______________.
Profit
Dividend
Premium
Intallment
