MBA/MBA Insurance and Risk Management Mcq Set 3 Sample Test,Sample questions

Question:
 The risk management methods are ______

1.Insurance

2.Hedging

3.Derivatives

4.All of the above


Question:
A person who dislikes risk is known as ____

1.Risk lover

2.Risk Averse

3.Risk Neutral

4.Insurer


Question:
A person who is risk averse _______

1.accepts the risk no matter what

2.do not accept the risk as a loss hurts them more than gain benefits them

3.tries to control the loss

4.avoids insurance


Question:
A risk manager should report to ______

1.Managing Director

2.Company Secretary

3.Supervisor

4.General manager.


Question:
Contractual risk transfers come under ______

1.Cost of loss financing

2.Cost of internal risk reduction

3.Cost of control of loss

4.Cost of residual uncertainty


Question:
Except life assurance the maximum term of other insurance is _____

1.12 months

2.24 months

3.6 months

4.36 months


Question:
Fire insurance can be taken in respect of ___

1.movable properties only

2.immovable properties

3.movable and immovable

4.persons only


Question:
Having money available when it is needed is defined as the art of ____

1.Financial management

2.Risk management

3.Contingency fund

4.Surplus


Question:
If impurity of data is the problem that RMIS is showing then provide ___

1.clear and comprehensive specifications

2.solid vendor account team

3.reference checks, including on-site

4.assessment in proper manner


Question:
If RMIS shows inflexibility of system then provide ________

1.solid vendor account team

2.clear and comprehensive specifications

3.internal access to system expert

4.standard software configuration


Question:
If the most impossible event is assigned a value of zero, then most inevitable event is assigned a value _______

1.one

2.Between Zero and one

3.Between Zero to 10

4.Between 10 to 10


Question:
In alike the risk of creditors and shareholders by High Capital Gearing ratio companies is _______

1.Increased

2.Decreased

3.Government

4.Management and Employees


Question:
Insurance business is based on _______

1.Parkinsons law

2.Newtons law

3.The theory of probability and law of large numbers

4.Boyles law


Question:
Insurance is based on the principle of _______

1.co-operation

2.Democracy

3.Equality

4.welfare


Question:
Insurance penetration in India in 2001 was

1.1.93

2.2.32

3.2.71

4.2.25


Question:
Medical Expenses Risk Comes under?

1.Business Risk

2.Price Risk

3.Credit Risk

4.Personal Risk


Question:
Notice of abandonment is necessary in the case of _______

1.Actual loss

2.Constructive total loss

3.Partial total loss

4.Minimum loss


Question:
Organisations are mainly concerned with managing

1.Pure Risk

2.Speculative Risk

3.Personal Risk

4.None of the above


Question:
Risk and Premium are fixed on the basis of ____

1.strategic Methods

2.Survey Methods

3.Scientific Methods

4.Probability Methods


Question:
Risk management information is not useful in one of the following _______

1.Reporting

2.Hedging

3.Claim adjustment process reviews

4.Derivatives


Question:
Risk management is concerned with _______

1.Planning

2.Arranging and controlling of activities

3.Managing of funds

4.Planning, arranging and controlling of activities


Question:
Risk means _________

1.economy

2.possibility of loss

3..reduction of anxiety

4. meeting externally imposed obligations


Question:
That which are not independent parts of the whole risk management process are ____

1.Risk Control and Risk Financing

2.Risk Retention and Risk Analysis

3.Risk Retention and Risk Financing

4.Risk Analysis and Risk Control


Question:
That which helps to determine the accuracy and relevance of risk at each stage to which an organization is exposed is known as _______

1.Principle of Identification

2.Principle of Risk Analysis

3.Principle of Assessment Risk

4.Principle of Corrective Decision


Question:
That which take advantage to the law of large numbers is ________

1.Risk retention

2.Combination

3.Hedging

4.Inflation


Question:
The concept of insurance is ______

1.to share the losses by many

2.to make money out of death.

3.to earn interest

4.to earn a status


Question:
The condition for insurable interest is _______

1.Loss should be sufficiently in monetary terms

2.Loss potential should be sufficiently large

3.Interest on the subject matter of the insurance

4.Loss cannot be managed


Question:
The cost of increased precautions and limits on risky activity to reduce the frequency and severity of accidents and losses is covered by ______

1.Cost of Loss Financing

2.Cost of Expected Losses

3.Cost of Control of Loss

4.Cost of Internal Risk Reduction


Question:
The identification analysis and economic control of those risk which can threaten the assets or earning capacity of an enterprise is known as _______

1.Business Management

2.Risk Management

3.Financial Management

4.Strategic Management


Question:
The insurance plays a role in the economic development of the country in following ways:

1.Releases capital for new investment

2.The job potential increases

3.Money collected is invested in infrastructure

4.All of the above


Question:
The number of prime elements of risk analysis is _____

1.one

2.Two

3.Three

4.four


Question:
The person who agrees to compensate the loss arising from the risk is called the _______

1.Insurer

2.Assurer

3. Underwriter

4.All the above.


Question:
The premium implies _____

1.Consideration by Service

2.Consideration by cash

3.Consideration by Kind

4.Speculative Cash


Question:
The Principle of Indemnity does not apply to _______

1.Burglary Insurance

2.Fire Insurance

3.Marine Insurance

4.Life and personal accident insurance


Question:
The Risk Evaluation breaks into two parts.They are ___________

1.The cause of loss and its affects

2.The probability of loss occurring and its severity

3.The loss due to any reasons

4.The risk and return


Question:
The routine medical check up during a year is an example of ______

1.Loss prevention

2.Loss reduction

3.Risk avoidance

4.Retention


Question:
The two Aspects of risk Managers are _________

1.Record keeping and reporting of the activities

2.Maintaining accounts and reporting

3.Carry out analysis and control

4.Marketing


Question:
The type of reinsurance that forms individual large losses of risk is called as _____

1.Proportional quota share

2.Excess of loss per event basis

3.Stop loss

4.Facultative


Question:
The uncertainty reduced through diversification and investing in information is known as _______

1.Cost of Residual Uncertainty

2.Cost of Loss Financing

3.Cost of Loss Control

4.Cost of Internal Risk Reduction


Question:
Which of the following contract is not legally enforceable?

1.Contract of insurance

2.Wagering contract

3.Contract of sale of goods

4.Contract of business


Question:
Which of the following is the last step in risk management process _______

1.Insurance

2.Review

3.Risk evaluation

4.Loss prevention


Question:
Which of the following steps in the risk management process helps in determining sum insured under policies?

1.Risk identification

2.Risk Retention

3.Risk Evaluation

4.Risk Transfer


Question:
Which of the following types of risks best meets the requirements for being insurable by private insurers?

1.market risks

2.property risks

3.financial risks

4.political risks


Question:
Which of the statements is correct? a. The simplest way to deal with a risk to avoid it. b. This technique is always possible and practical.

1.Statement A

2.Statement B

3.Both the statements

4.Neither of the statements


Question:
Which of the statments are true?

1.Loss prevention and loss reduction mean different things

2.Risk may be transfered by contract

3.Both the statements

4.Neither is correct


Question:
_____ policy issued on the basis of the number of persons assured.

1.Annuity policy

2.Multiple life policy

3.Single life policy

4.Level of premium policy


Question:
______ provides evidence of insurance to the policies and Registration Authorities under Motor Vehicle Act.

1.Cover note

2.Endorsements

3.Certificate of insurance

4.Policy form


Question:
_______ policy is which covers the risk during all situations.

1.Floating

2.Wagering

3.Valued

4.Mixed


Question:
________ are those terms, which are written on the policy.

1.Express Warranties

2.Implied Warranties

3.Memorandum Warranties

4.Valuation Clause


Question:
________ means a willful and intentional act on part of the self-destroyed.

1.Death

2.Suicide

3.Murder

4.Accident


More MCQS

  1. MBA Accounting MCQ Question Set 1
  2. MBA Accounting MCQ Question Set 2
  3. MBA Accounting MCQ Question Set 3
  4. MBA Accounting MCQ Question Set 4
  5. MBA Accounting MCQ Question Set 5
  6. MBA Accounting MCQ Question Set 6
  7. MBA Accounting MCQ Question Set 7
  8. MBA Accounting MCQ Question Set 8
  9. MBA Accounting MCQ Question Set 9
  10. MBA Accounting MCQ Question Set 10
  11. MBA Advertising and Sales Promotion Mcq Set 1
  12. MBA Advertising and Sales Promotion Mcq Set 2
  13. MBA Advertising and Sales Promotion Mcq Set 3
  14. MBA Advertising and Sales Promotion Mcq Set 4
  15. MBA Advertising and Sales Promotion Mcq Set 5
  16. MBA Advertising and Sales Promotion Mcq Set 6
  17. MBA Advertising and Sales Promotion Mcq Set 7
  18. MBA Advertising and Sales Promotion Mcq Set 8
  19. MBA Advertising and Sales Promotion Mcq Set 9
  20. MBA Advertising and Sales Promotion Mcq Set 10
  21. MBA Advertising and Sales Promotion Mcq Set 11
  22. MBA Advertising and Sales Promotion Mcq Set 12
  23. MBA Advertising and Sales Promotion Mcq Set 13
  24. MBA Behavioural and Allied Sciences MCQ Set 1
  25. MBA Behavioural and Allied Sciences MCQ Set 2
  26. MBA Behavioural and Allied Sciences MCQ Set 3
  27. MBA Behavioural and Allied Sciences MCQ Set 4
  28. MBA Behavioural and Allied Sciences MCQ Set 5
  29. MBA Behavioural and Allied Sciences MCQ Set 6
  30. MBA Behavioural and Allied Sciences MCQ Set 7
  31. MBA Behavioural and Allied Sciences MCQ Set 8
  32. MBA Behavioural and Allied Sciences MCQ Set 9
  33. MBA Behavioural and Allied Sciences MCQ Set 10
  34. MBA Brand Management MCQ Set 1
  35. MBA Brand Management MCQ Set 2
  36. MBA Brand Management MCQ Set 3
  37. MBA Brand Management MCQ Set 4
  38. MBA Brand Management MCQ Set 5
  39. MBA Business Communication MCQ Set 1
  40. MBA Business Communication MCQ Set 2
  41. MBA Business Communication MCQ Set 3
  42. MBA Business Communication MCQ Set 4
  43. MBA Business Communication MCQ Set 5
  44. MBA Business Communication MCQ Set 6
  45. MBA Business Communication MCQ Set 7
  46. MBA Business Communication MCQ Set 8
  47. MBA Business Communication MCQ Set 9
  48. MBA Brand Management MCQ Set 10
  49. MBA Brand Management MCQ Set 11
  50. MBA Business Economics MCQ Set 1
  51. MBA Business Economics MCQ Set 2
  52. MBA Business Economics MCQ Set 3
  53. MBA Business Economics MCQ Set 4
  54. MBA Business Economics MCQ Set 5
  55. MBA Business Economics MCQ Set 6
  56. MBA Business Environment MCQ Set 1
  57. MBA Business Environment MCQ Set 2
  58. MBA Business Environment MCQ Set 3
  59. MBA Business Environment MCQ Set 4
  60. MBA Business Environment MCQ Set 5
  61. MBA Business Environment MCQ Set 6
  62. MBA Business Environment MCQ Set 7
  63. MBA Business Environment MCQ Set 8
  64. MBA Business Environment MCQ Set 9
  65. MBA Business Ethics and Governance MCQ Set 1
  66. MBA Business Law Mcq Set 1
  67. MBA Business Law Mcq Set 2
  68. MBA Business Law Mcq Set 3
  69. MBA Business Law Mcq Set 4
  70. MBA Business Law Mcq Set 5
  71. MBA Business Law Mcq Set 6
  72. MBA Business Law Mcq Set 7
  73. MBA Business Law Mcq Set 8
  74. MBA Business Law Mcq Set 9
  75. MBA Business Mathematics Mcq Set 1
  76. MBA Business Mathematics Mcq Set 2
  77. MBA Business Mathematics Mcq Set 3
  78. MBA Business Mathematics Mcq Set 4
  79. MBA Business Mathematics Mcq Set 5
  80. MBA Business Mathematics Mcq Set 6
  81. MBA Business Statistics Mcq Set 1
  82. MBA Business Statistics Mcq Set 2
  83. MBA Computers In Management Mcq Set 1
  84. MBA Computers In Management Mcq Set 2
  85. MBA Computers In Management Mcq Set 3
  86. MBA Computers In Management Mcq Set 4
  87. MAB Cost and Managerial Accounting Mcq Set 1
  88. MBA Cost and Managerial Accounting Mcq Set 1
  89. MBA Cost and Managerial Accounting Mcq Set 2
  90. MBA Cost and Managerial Accounting Mcq Set 3
  91. MBA Cost and Managerial Accounting Mcq Set 4
  92. MBA Cost and Managerial Accounting Mcq Set 5
  93. MBA Cost and Managerial Accounting Mcq Set 6
  94. MBA Cost and Managerial Accounting Mcq Set 7
  95. MBA Cost and Managerial Accounting Mcq Set 8
  96. MBA Cost and Managerial Accounting Mcq Set 9
  97. MBA Cost and Managerial Accounting Mcq Set 10
  98. MBA Cost and Managerial Accounting Mcq Set 11
  99. MBA E-Business MCQ Set 1
  100. MBA E-Business MCQ Set 2
  101. MBA E-Business MCQ Set 3
  102. MBA E-Business MCQ Set 4
  103. MBA English Language MCQ Set 1
  104. MBA English Language MCQ Set 2
  105. MBA Entrepreneurship Management MCQ Set 1
  106. MBA Entrepreneurship Management MCQ Set 2
  107. MBA Entrepreneurship Management MCQ Set 3
  108. MBA Entrepreneurship Management MCQ Set 4
  109. MBA Entrepreneurship Management MCQ Set 5
  110. MBA Entrepreneurship Management MCQ Set 6
  111. MBA Financial Management MCQ Set 1
  112. MBA Financial Management MCQ Set 2
  113. MBA Financial Management MCQ Set 3
  114. MBA Financial Management MCQ Set 4
  115. MBA Financial Management MCQ Set 5
  116. MBA Financial Management MCQ Set 6
  117. MBA Financial Management MCQ Set 7
  118. MBA Financial Management MCQ Set 8
  119. MBA Financial Management MCQ Set 9
  120. MBA Financial Management MCQ Set 10
  121. MBA Financial Management MCQ Set 11
  122. MBA Financial Management MCQ Set 12
  123. MBA Human Resource Management Mcq Set 1
  124. MBA Human Resource Management Mcq Set 2
  125. MBA Human Resource Management Mcq Set 3
  126. MBA Human Resource Management Mcq Set 4
  127. MBA Human Resource Management Mcq Set 5
  128. MBA Human Resource Management Mcq Set 6
  129. MBA Human Resource Management Mcq Set 7
  130. MBA Human Resource Management Mcq Set 8
  131. MBA Insurance and Risk Management Mcq Set 1
  132. MBA Insurance and Risk Management Mcq Set 2
  133. MBA Insurance and Risk Management Mcq Set 3
  134. MBA Insurance and Risk Management Mcq Set 4
  135. MBA Insurance and Risk Management Mcq Set 5
  136. MBA Insurance and Risk Management Mcq Set 6
  137. MBA Management Information Systems Mcq Set 1
  138. MBA Management Information Systems Mcq Set 2
  139. MBA Management Information Systems Mcq Set 3
  140. MBA Management Information Systems Mcq Set 4
  141. MBA Management Information Systems Mcq Set 5
  142. MBA Management Information Systems Mcq Set 6
  143. MBA Management Information Systems Mcq Set 7
  144. MBA Management Information Systems Mcq Set 8
  145. MBA Management Information Systems Mcq Set 9
  146. MBA Marketing Management Mcq Set 1
  147. MBA Marketing Management Mcq Set 2
  148. MBA Marketing Management Mcq Set 3
  149. MBA Marketing Management Mcq Set 4
  150. MBA Marketing Management Mcq Set 5
  151. MBA Marketing Management Mcq Set 6
  152. MBA Marketing Management Mcq Set 7
  153. MBA Marketing Management Mcq Set 8
  154. MBA Marketing Management Mcq Set 9
  155. MBA Marketing Management Mcq Set 10
  156. MBA Marketing Management Mcq Set 11
  157. MBA Marketing Management Mcq Set 12
  158. MBA Marketing Management Mcq Set 13
  159. MBA Media Planning Mcq Set 1
  160. MBA Media Planning Mcq Set 2
  161. MBA Media Planning Mcq Set 3
  162. MBA Media Planning Mcq Set 4
  163. MBA Operations Research Mcq Set 1
  164. MBA Operations Research Mcq Set 2
  165. MBA Operations Research Mcq Set 3
  166. MBA Operations Research Mcq Set 4
  167. MBA Operations Research Mcq Set 5
  168. MBA Organisational Behavior Mcq Set 1
  169. MBA Organisational Behavior Mcq Set 2
  170. MBA Organisational Behavior Mcq Set 3
  171. MBA Organisational Behavior Mcq Set 4
  172. MBA Principles and Practices of Management Mcq Set 1
  173. MBA Principles and Practices of Management Mcq Set 2
  174. MBA Principles and Practices of Management Mcq Set 3
  175. MBA Principles and Practices of Management Mcq Set 4
  176. MBA Principles and Practices of Management Mcq Set 5
  177. MBA Principles and Practices of Management Mcq Set 6
  178. MBA Principles and Practices of Management Mcq Set 7
  179. MBA Principles and Practices of Management Mcq Set 8
  180. MBA Principles and Practices of Management Mcq Set 9
  181. MBA Production and Operations Management Mcq Set 1
  182. MBA Production and Operations Management Mcq Set 2
  183. MBA Production and Operations Management Mcq Set 3
  184. MBA Production and Operations Management Mcq Set 4
  185. MBA Production and Operations Management Mcq Set 5
  186. MBA Production and Operations Management Mcq Set 6
  187. MBA Production and Operations Management Mcq Set 7
  188. MBA Production and Operations Management Mcq Set 8
  189. MBA Production and Operations Management Mcq Set 9
  190. MBA Production and Operations Management Mcq Set 10
  191. MBA System Analysis and Design Mcq Set 1
  192. MBA System Analysis and Design Mcq Set 2
  193. MBA System Analysis and Design Mcq Set 3
  194. MBA System Analysis and Design Mcq Set 4
  195. MBA System Analysis and Design Mcq Set 5
  196. MBA System Analysis and Design Mcq Set 6
  197. MBA System Analysis and Design Mcq Set 7
  198. MBA System Analysis and Design Mcq Set 8
  199. MBA System Analysis and Design Mcq Set 9
  200. MBA Total Quality Management Mcq Set 1
  201. MBA Total Quality Management Mcq Set 2
  202. MBA Total Quality Management Mcq Set 3
  203. MBA Total Quality Management Mcq Set 4
  204. MBA Total Quality Management Mcq Set 5
  205. MBA Total Quality Management Mcq Set 6
  206. MBA Total Quality Management Mcq Set 7
  207. MBA Total Quality Management Mcq Set 8
Search
R4R Team
R4Rin Top Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on R4R.in website is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc!