IC 38 Quiz
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Questions and Answers

Which is the regulator for the insurance industry in India?

  • Life Insurance Corporation of India
  • General Insurance Corporation of India
  • Insurance Regulatory and Development Authority of India (correct)
  • Insurance Authority of India

    • Which among the following is a secondary burden of risk?

  • Goods damaged cost
  • Business interruption cost
  • Setting aside reserves as a provision for meeting potential losses in the future (correct)
  • Hospitalization costs as a result of heart attack

    • Which among the following is a method of risk transfer?

  • Real estate
  • Insurance (correct)
  • Equity shares
  • Bank FD

    • Which among the following scenarios warrants insurance?

    <p>The sole breadwinner of a family might die untimely</p> Signup and view all the answers

    Which of the below insurance scheme is run by an insurer and not sponsored by the Government?

    <p>Professional indemnity insurance</p> Signup and view all the answers

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