Insurance MCQ Questions and Solutions with Explanations | Commerce

A. Inflation leads to rise in prices

B. Inflation means more purchasing power

C. Inflation means erosion of money value

D. Inflation plays havoc

A. Savings

B. Investments

C. Insurance

D. Borrowings

A. Managing income and expenditure flow

B. Creating surplus for capital investment

C. Predicting future expenses

D. Buying less insurance

A. Illness

B. Birth

C. Marriage

D. Death

A. Surrender

B. Nomination

C. Assignment

D. Writing a will

A. A product can be differentiated, but a commodity cannot

B. Products are need satisfiers

C. Product is an end by itself

D. The appropriateness of a product would depend on its features

A. Savings benefit

B. Death benefit

C. Survival Benefit

D. Bonus benefit

A. A decreasing term insurance with decreasing investment element

B. An increasing term insurance with decreasing investment element

C. A increasing term insurance with increasing investment element

D. A decreasing term insurance with increasing investment element

A. Shorter the policy term, lesser the investment element

B. Shorter the policy term, larger the investment element

C. Longer the policy term, larger the investment element

D. Term and investment element do not bear any relationship

A. Par policies do not participate in the profits of the insurance companies

B. Under Traditional plans, investments are made without any regulatory supervision

C. Non-participating policies could be offered in linked or non-linked platform

D. Non-par policies are with profit policies