Insurance MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7 Section 8 Section 9 Section 10

131.
Smart identity card for presenting it to network hospital in health insurance would be issued by–

A. Insurer

B. TPA

C. Either A or B

D. Neither A nor B

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132.
In case of hospitalization in a network hospital, admission would be on the basis of –

A. Smart card

B. Pre-authorisation from Insurer/TPA

C. Either A or B

D. None of the three

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133.
If the insured gets admitted in a non-network hospital,

A. He could still avail cashless facility

B. He would settle hospital bills and would get reimbursed by the insurer

C. Either A or B

D. Neither A nor B

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134.
Who prescribes the format of a pre-authorisation letter and standard claim forms?

A. Central Government

B. Insurance company

C. TPA

D. IRDA

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135.
As per IRDA regulations on health insurance –

A. Life time cover not mandated

B. Life time cover is mandatory

C. Either A or B

D. Neither A nor B

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136.
Which of the following is incorrect?

A. Profit is excess of income over outgo

B. Profits are excess of assets over liabilities

C. The same yardstick as is followed by a firm can be applied while life ins. valuation

D. All of the above

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137.
Assets can be valued by –

A. Book value

B. Market value

C. Discounted present value

D. Either of the above

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138.
The surplus in an insurance company is a function of –

A. How Asset is valued

B. How liability is valued

C. How Assets & Liabilities are valued

D. None of the above

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139.
If Liabilities are liberally valued it would result in –

A. More surplus

B. Less surplus

C. More or less surplus

D. None of the above

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140.
If Liabilities are undervalued it would result in –

A. More surplus

B. Less surplus

C. More or less surplus

D. Neither more nor less surplus

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Insurance MCQ Questions and Solutions with Explanations | Commerce

131. Smart identity card for presenting it to network hospital in health insurance would be issued by–

Answer & Solution

132. In case of hospitalization in a network hospital, admission would be on the basis of –

Answer & Solution

133. If the insured gets admitted in a non-network hospital,

Answer & Solution

134. Who prescribes the format of a pre-authorisation letter and standard claim forms?

Answer & Solution

135. As per IRDA regulations on health insurance –

Answer & Solution

136. Which of the following is incorrect?

Answer & Solution

137. Assets can be valued by –

Answer & Solution

138. The surplus in an insurance company is a function of –

Answer & Solution

139. If Liabilities are liberally valued it would result in –

Answer & Solution

140. If Liabilities are undervalued it would result in –

Answer & Solution

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131.
Smart identity card for presenting it to network hospital in health insurance would be issued by–

132.
In case of hospitalization in a network hospital, admission would be on the basis of –

133.
If the insured gets admitted in a non-network hospital,

134.
Who prescribes the format of a pre-authorisation letter and standard claim forms?

135.
As per IRDA regulations on health insurance –

136.
Which of the following is incorrect?

137.
Assets can be valued by –

138.
The surplus in an insurance company is a function of –

139.
If Liabilities are liberally valued it would result in –

140.
If Liabilities are undervalued it would result in –