CS/BIRM/SEM-6/BIRM-601/2013
2013
GROUP & HEALTH INSURANCE
Time Allotted : 3 Hours Full Marks : 70
The figures in the margin indicate full marks.
Candidates are required to give their answers in their own words
as far as practicable.
GROUP – A
( Multiple Choice Type Questions )
1. Choose the correct alternatives for the following :
10X1 = 10
i) A situation where the insurance buyer knows better about his / her own condition than the seller is known as
a) Adverse selection problem
b) Moral hazard problems
c) Principal hazard problems
d) None of these.
ii) The tendency of people, to change their behavior because of insurance, creates
a) Lemon problem
b) Moral hazard problems
c) Adverse selection problem
d) both (b) and (c).
iii) Health insurance
a) reduces the health risk
b) reduces the losses inflicted by ill health
c) indemnifies the losses emanating from ill health
d) both (b) and (c).
iv) The feature(s) of the Janah Arogya Policy include (s)