Insurance MCQ Questions and Solutions with Explanations | Commerce

A. To verify the income of the proposer

B. To save on cost of conducting medical exam

C. To check the antecedents of a person

D. To satisfy about the health of the proposer

A. Non-medical underwriting

B. Medical underwriting

C. Field underwriting

D. Financial underwriting

A. Female

B. Limit in sum insured

C. Limit in age

D. Limit in income

A. Financial and non-financial hazard

B. Physical and moral hazard

C. Philosophical and metaphysical hazard

D. Standard and non-standard hazard

A. Greater

B. Lesser

C. Neither greater nor lesser

D. Unable to say

A. When the age is advanced

B. Large sum insured disproportionate to income

C. Both A & B

D. None of the three

A. When high sum insured is proposed

B. When age is advanced

C. Both A & B

D. None of the three

A. Taking insurance at advanced age

B. A proposer with many dependents taking ins

C. When medical exam is done elsewhere

D. Proposal on another life without insurable interest

A. Accident at work place

B. Health problems

C. Moral hazard in a job

D. All of the above

A. Working in a ration shop

B. Working as a bodyguard to a criminal

C. Working as a bartender

D. Working in a night club