Questions · Page 1 of 4

MCQ

🎯

Test yourself on this topic

50 questions · timed · auto-graded

MCQ 11 Mark
In which of money  order services, money does not reach to the doorstep  of the receiver  ?
  • A
    E -  money  order
  • B
    Special  Money Order
  • Instant Money Order
  • D
    Ordinary Money order
Answer
Correct option: C.
Instant Money Order
View full question & answer
MCQ 21 Mark
Which type of Insurance  involves  highest  risk, out of the following  ?
  • A
    Goods transport Insurance
  • B
    Marine Insurance
  • Air  Insurance
  • D
    Rail / Road  Insurance
Answer
Correct option: C.
Air  Insurance
View full question & answer
MCQ 31 Mark
How much amount is paid for Kisan Vikas Patra on maturity?
  • Double
  • B
    Triple
  • C
    Four times
  • D
    Five times
Answer
Correct option: A.
Double
View full question & answer
MCQ 41 Mark
How much can Foreign Insurance companies invest in indian insurance companies ?
  • A
    $25 \%$
  • $49 \%$
  • C
    $74 \%$
  • D
    $100 \%$
Answer
Correct option: B.
$49 \%$
View full question & answer
MCQ 51 Mark
Which type of  insurance is  ancient  and widely prevalent   ?
  • A
    Fire Insurance
  • B
    road Insurance
  • Marine  Insurance
  • D
    Customer Insurance
Answer
Correct option: C.
Marine  Insurance
View full question & answer
MCQ 61 Mark
Which of the following principle is not an insurance principle  ?
  • principle of profit
  • B
    principle of Utmost good Faith
  • C
    principle  of Indemnity
  • D
    principle of Insurance interest
Answer
Correct option: A.
principle of profit
View full question & answer
MCQ 71 Mark
What does  insurance company take from who has taken insurance  ?
  • Financial  $($monetary$)$ Consideration
  • B
    promise
  • C
    Documents
  • D
    Guarantee
Answer
Correct option: A.
Financial  $($monetary$)$ Consideration
View full question & answer
MCQ 81 Mark
In Insurance contract both the parties  have to show all matters related to insurance.  Which principle is applied   here ?
  • A
    principle  of industry Interest
  • principle of Utmost Good Faith
  • C
    principle of Indemnity
  • D
    principle  of clarity
Answer
Correct option: B.
principle of Utmost Good Faith
View full question & answer
MCQ 91 Mark
After the compensation is paid by insurance company  to whom does the ownership of damaged goods  belong  to ?
  • A
    Who has taken insurance
  • one who offers insurance
  • C
    Government
  • D
    Fire Brigade
Answer
Correct option: B.
one who offers insurance
View full question & answer
MCQ 111 Mark
Insurance interest insurance requires which of the following  ?
  • A
    Faith
  • B
    Feeling
  • Economic Interest
  • D
    Belief
Answer
Correct option: C.
Economic Interest
View full question & answer
MCQ 121 Mark
For hoe long  Indian postal Department provide communication services ?
  • From $10$ years
  • B
    From $185$ years
  • C
    From $126$ years
  • D
    From $170$ years
Answer
Correct option: A.
From $10$ years
View full question & answer
MCQ 131 Mark
In which circumstance  insurance is not entitled  for compensation   ?
  • Contract is cancelled
  • B
    Policy is lost
  • C
    No successor is  there
  • D
    imprisoned
Answer
Correct option: A.
Contract is cancelled
View full question & answer
MCQ 141 Mark
If the  fire insurance is taken and goods are damaged in fire , then when does insurance  company not pay compensation  ?  
  • A
    when damage is too little
  • B
    When  fire is uncontrollable
  • When insurance interest  is absent
  • D
    police  is not informed
Answer
Correct option: C.
When insurance interest  is absent
View full question & answer
MCQ 151 Mark
What happens when any  party of insurance hide the information affecting  the contract  ?
  • A
    He is punished
  • Contract get Cancelled
  • C
    Insurance is taken again
  • D
    He is arrested
Answer
Correct option: B.
Contract get Cancelled
View full question & answer
MCQ 161 Mark
After how many months the amount is  invested in   Kisan vikas  be obtained  double  with interest   ?
  • A
    After  $60$ Months
  • After $100$ months
  • C
    After $72$ months
  • D
    After $90$ months
Answer
Correct option: B.
After $100$ months
View full question & answer
MCQ 171 Mark
Original concept of Insurance is associated to which aspect  ?
  • A
    Loss
  • Society
  • C
    C.Human being
  • D
    Nature
Answer
Correct option: B.
Society
View full question & answer
MCQ 181 Mark
In which type of insurance the rate of premium $($Risk$)$ is the highest  ?
  • A
    Marine  insurance
  • B
    Road insurance
  • Air  insurance
  • D
    Life insurance
Answer
Correct option: C.
Air  insurance
View full question & answer
MCQ 191 Mark
what is written contract of insurance known as ?
  • A
    Insurance Letter
  • Insurance policy
  • C
    Insurance Certificate
  • D
    Insurance Warrant
Answer
Correct option: B.
Insurance policy
View full question & answer
MCQ 201 Mark
What is private post services called ?
  • A
    Messenger  service
  • Courier Service
  • C
    Direct Service
  • D
    private  service
Answer
Correct option: B.
Courier Service
View full question & answer
MCQ 211 Mark
what does insurance company promise to give against premium to the individual who has taken insurance ?
  • A
    Building
  • B
    Capital Loss
  • C
    economic benefit
  • Economic Loss
Answer
Correct option: D.
Economic Loss
View full question & answer
MCQ 221 Mark
Lloyds  of London the pioneer of marine  insurance has retained  trust for how many years ?
  • A
    $400$ year
  • B
    $250$ years
  • $325$ years
  • D
    $350$ years
Answer
Correct option: C.
$325$ years
View full question & answer
MCQ 231 Mark
which of the following is an objective of godown  ?
  • To maintain quality
  • B
    Use of space
  • C
    To create scarcity
  • D
    To maintain secrecy of goods
Answer
Correct option: A.
To maintain quality
View full question & answer
MCQ 241 Mark
Under endowment insurance policy  if the policy holder dies before maturity  of the policy then how much  amount would  he get ?
  • A
    $50\%$ amount
  • B
    $75 \%$ amount
  • C
    No amount
  • Total amount
Answer
Correct option: D.
Total amount
View full question & answer
MCQ 251 Mark
Which of the following  is not an objective of Insurance Regulatory Development Authority  $(IRDA  ) ?$
  • A
    To obtain fund for economy
  • B
    To bring self – control
  • To expand employment opportunity
  • D
    To organize  complaint redressal unit
Answer
Correct option: C.
To expand employment opportunity
View full question & answer
MCQ 261 Mark
In which of the following circumstances  insurance company is not bound   to pay the amount of insurance  policy ?
  • A
    Death  in youth
  • Suspectable  death
  • C
    Death in hospital
  • D
    Death on road
Answer
Correct option: B.
Suspectable  death
View full question & answer
MCQ 271 Mark
When we closed the time deposit  account of  post  office  ?
  • A
    After threes months
  • B
    On Maturity
  • Any time
  • D
    At the  end of the year
Answer
Correct option: C.
Any time
View full question & answer
MCQ 281 Mark
For howlong  the premium of insurance of life is paid   ?               
  • A
    $50$ years
  • B
    $60$ years 
  • C
    $70$ years
  • Life  time
Answer
Correct option: D.
Life  time
View full question & answer
MCQ 291 Mark
After nationalization  when was entry to private insurance companies in India was permissible
  • A
    post Independence
  • B
    $18289$
  • C
    from  the year $1990$
  • From the year $1999$
Answer
Correct option: D.
From the year $1999$
View full question & answer
MCQ 301 Mark
Which of the following  transportation  there is a facility of making  change in time ,  place,  direction  and speed  ?
  • Road Route
  • B
    Railway Route 
  • C
    Air Route
  • D
    Marine Route
Answer
Correct option: A.
Road Route
View full question & answer
MCQ 311 Mark
In India  by whom general insurance was started  ?
  • A
    Americans
  • B
    Australians
  • C
    Portuguese
  • Britishers
Answer
Correct option: D.
Britishers
View full question & answer
MCQ 321 Mark
Which type of new card facility is now available in post department t ?
  • A
    Credit card
  • B
    Pan Card
  • C
    premium Card
  • $ \text{ATM}$ Card
Answer
Correct option: D.
$ \text{ATM}$ Card
View full question & answer
MCQ 331 Mark
when  was n general insurance companies  nationalize    ?
  • A
    $26690$
  • $26665$
  • C
    $26690$
  • D
    $26785$
Answer
Correct option: B.
$26665$
View full question & answer
MCQ 341 Mark
written contract of insurance of is known by which name ?
  • A
    Regulatory letter
  • B
    Memorandum
  • policy
  • D
    Letter
Answer
Correct option: C.
policy
View full question & answer
MCQ 351 Mark
which of the following savings services is not of the post department  ?
  • A
    Monthly income scheme
  • B
    B.   Five year Recurring  Deposit
  • Weekly Income scheme
  • D
    Senior  Citizen saving  Scheme
Answer
Correct option: C.
Weekly Income scheme
View full question & answer
MCQ 361 Mark
Someone  has the insurance of  $D\ 5,00 000$ of his house. The house gets damaged in fire. The damage is of $D\ 2,00,000$ How much compensation  would he get ?
  • A
    $D\ 5,00,000$
  • B
    $D\ 2,50,000$
  • C
    $D\ 3.50.000$
  • $D\ 2,00,000$
Answer
Correct option: D.
$D\ 2,00,000$
View full question & answer
MCQ 371 Mark
What is $V.P.P  ?$
  • A
    Very  personal
  • Value  payable post
  • C
    Very perfect  post
  • D
    value  payable party
Answer
Correct option: B.
Value  payable post
View full question & answer
MCQ 381 Mark
Which of the following related services is  not   of  the post department  ?
  • A
    purchase and sale of foreign currency
  • B
    Railway ticker booking
  • C
    Draft in Foreign Currency
  • share Demat Service
Answer
Correct option: D.
share Demat Service
View full question & answer
MCQ 391 Mark
Which type of post  should be sent verify whether  receiver  party has received the post ?
  • A
    Envelop form
  • B
    Sealed  cover
  • C
    Speed post
  • Registered  post
Answer
Correct option: D.
Registered  post
View full question & answer
MCQ 401 Mark
Which of the following id used as driving force in railway today ?
  • A
    $C.N.G$
  • B
    Cabel
  • C
    Back – Bone
  • Chain
Answer
Correct option: D.
Chain
View full question & answer
MCQ 411 Mark
In India how many post office postal department  has ? 
  • A
    $176000$
  • B
    $185000$
  • C
    $124000$
  • $150000$
Answer
Correct option: D.
$150000$
View full question & answer
MCQ 421 Mark
Within how many hours  amount sent  through  e – money order  is received at the address of the concerned   person ?
  • A
     $10$ Hours
  • $24$ Hours
  • C
    $12$ Hours
  • D
    $15$ Hours
Answer
Correct option: B.
$24$ Hours
View full question & answer
MCQ 431 Mark
After retirement which amount is paid through post office  ?
  • A
    Provident  Fund
  • pension
  • C
    Gratuity
  • D
    Remaining Salary
Answer
Correct option: B.
pension
View full question & answer
MCQ 441 Mark
what  is modern $IMO$  service started by post office ?
  • A
    Internal  money Order
  • Instant  Money order
  • C
    Indian money Order
  • D
    Internal Money  Order
Answer
Correct option: B.
Instant  Money order
View full question & answer
MCQ 451 Mark
why are the rules be followed for storing  goods in godown  ?
  • Security  purchase
  • B
    To prevent  theft
  • C
    To prevent aditeration
  • D
    Re – packing
Answer
Correct option: A.
Security  purchase
View full question & answer
MCQ 461 Mark
How long is the time period of monthly income  scheme account opened in post office ?
  • A
    three years
  • B
    Four years
  • Five years
  • D
    Six years
Answer
Correct option: C.
Five years
View full question & answer
MCQ 471 Mark
In pre – independence period postal insurance scheme was started with which scheme  ?
  • A
    A.   Saving scheme
  • Welfare Scheme
  • C
    security  Scheme
  • D
    National Scheme
Answer
Correct option: B.
Welfare Scheme
View full question & answer
MCQ 481 Mark
Which facility is found in special godown for poisonous chemicals ?
  • A
    Black Clay
  • Special type of bricks
  • C
    Cement bags 
  • D
    Fire extinguisher
Answer
Correct option: B.
Special type of bricks
View full question & answer
MCQ 491 Mark
How much  is the time period of public  provided  Fund ?
  • A
    $10$  years
  • B
    $5$  years
  • $15$ years
  • D
    Uncertain
Answer
Correct option: C.
$15$ years
View full question & answer
MCQ 501 Mark
Crackers, poisonous  substance , cooking gas, petrol etc. are  stored in which type of godown  ?
  • A
    public godown
  • Special godown
  • C
    Bonded godown
  • D
    private godown
Answer
Correct option: B.
Special godown
View full question & answer
MCQ - OCM STD 11 Commerce Questions - Vidyadip