CS/BIRM/SEM-5/BIRM-502/2012-13
2012
INTRODUCTION TO INSURANCE &
INSURANCE INDUSTRIES
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 any ten of the following :
10X1 = 10
i) In which of the following pair of persons does insurable
interest not exist ?
a) Husband - Wife b) Parent - Child
c) Employer - Employee d) Creditor - Debtor.
ii) Which of the following persons decides for the
acceptance of an insurance proposal ?
a) Broker b) Underwriter
c) Loss adjuster d) Actuary.
iii) The principle function of the Insurance Intermediates is
a) selling b) buying
c) controlling d) exporting.
iv) Legal right to insure is
a) utmost good faith b) contribution
c) indemnity d) insurable interest.
v) Which of the following statements is true ?
a) Insurance protects the asset