Business Services Quiz-2

Business Services Quiz-2

Quiz

 

1. Parcel facilities are included in:
   1.   Mail Facilities
   2.   Financial facilities
   3.   Communication facilities
   4.   All of these
2. Policy taken by individuals for their children’s marriage or education expenses are:
   1.   Children’ endowment policy
   2.   Whole life policy
   3.   Endowment life assurance policy
   4.   Annuity policy
3. Full form of DTH is:
   1.   Direct to Home
   2.   Displayed to Home
   3.   Displayed to Houses
   4.   None of these
4. A person who undertakes to indemnify is called:
   1.   Insurer
   2.   Insured
   3.   Middlemen
   4.   Agent
5. Policy beneficial for people prefer a regular income after a certain age is:
   1.   Whole life policy
   2.   Joint life policy
   3.   Endowment life assurance policy
   4.   Annuity policy
6. In which type of insurance there is no fixed limit on the amount of insurance:
   1.   Freight insurance
   2.   Life insurance
   3.   Cargo insurance
   4.   Fire insurance
7. Warehouses that are licensed by the government to keep imported goods prior to the payment of taxes and custom duty are:
   1.   Government warehouses
   2.   Private warehouses
   3.   Bonded warehouses
   4.   Cooperative houses
8. Communication services are further classified into:
   1.   Postal and communication
   2.   Telegraph and communication
   3.   Postal and telecom
   4.   Telecom and communication
9. An effective communication is _________, _________and________:
   1.   Efficient; accurate; fast
   2.   Accurate; elaborate; fast
   3.   Slow; accurate; efficient
   4.   None of these
10. Warehouses that are owned, managed and controlled by a company comes under the category of:
    1.   Public warehouses
    2.   Private warehouses
    3.   Cooperative warehouses
    4.   Bonded warehouses
11. Full for of PPF is:
    1.   Profit Provident Fund
    2.   Public Provident Fund
    3.   Postal Provident Fund
    4.   Public Portal Fund
12. Which principle of insurance is not applicable for life insurance?
    1.   Principle of Utmost good faith
    2.   Principle of indemnity
    3.   Both of the above
    4.   None of these
13. In which type of insurance risk is not measurable:
    1.   Fire insurance
    2.   Marine insurance
    3.   Life insurance
    4.   All of these
14. Which of the following is a principle of insurance:
    1.   Utmost good faith
    2.   Indemnity
    3.   Proximate cause
    4.   All of the above
15. __________services are helpful to the business for establishing links with the outside world:
    1.   Warehousing
    2.   Banking
    3.   Insurance
    4.   Communication
16. DTH services are provided by:
    1.   Cellular companies
    2.   Postal companies
    3.   Entertainment company
    4.   Banks
17. Insurance removes the uncertainties which causes loss and the assured receives payment of loss, which feature of insurance is this:
    1.   Protection
    2.   Risk sharing
    3.   Providing certainty
    4.   None of these
18. Which of the following is not a type of general insurance:
    1.   Fire insurance
    2.   Cargo insurance
    3.   Freight insurance
    4.   Life insurance
19. The policy in which the amount is payable to the legal heir of the insured after his death is:
    1.   Whole life policy
    2.   Annuity policy
    3.   Joint life policy
    4.   Endowment life assurance policy
20. Which of the following insurances are contract of indemnity:
    1.   Fire insurance
    2.   Marine insurance
    3.   Both of the above
    4.   Life insurance
21. The insured must have an_________ in the subject matter of insurance:
    1.   Ownership
    2.   Insurable interest
    3.   Possession
    4.   Property
22. Which of the following is not a function of insurance:
    1.   Lends money
    2.   Assist in capital formation
    3.   Risk sharing
    4.   Protection
23. In case of double insurance, the insurers are to share the losses in proportion to the amount assured by each of them. Which principle of insurance is this?
    
    1.   Proximate Cause
    2.   Mitigation
    3.   Contribution
    4.   Subrogation
24. Media post is facilitated by:
    1.   Postal services
    2.   Telecom services
    3.   Banking services
    4.   DTH services
25. The principle in which it is the duty of the insured to take steps for minimising the loss to the insured property is:
    1.   Subrogation
    2.   Mitigation
    3.   Contribution
    4.   Proximate cause