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- Question
All Insurance is based on a principle called
Options- A. investment premiums
- B. division of risk
- C. cash value coverage.
- D. premium earnings
- Correct Answer
- division of risk
ExplanationAny type of insurance, be it home, auto, life, health, etc. are based on a principle of division of risk.
Division of Risk :: This is based on how much risk the insurer estimates the insured's coverage to be. The riskier the opportunity (bad health, area the home is in) the higher the premium costs.
- 1. The minimum age required to become the prime minister of India is
Options- A. 25 years
- B. 30 years
- C. 40 years
- D. 35 years Discuss
- 2. India reached the final of the Davis Cup for the first time in...?
Options- A. 1964
- B. 1966
- C. 1970
- D. 1974 Discuss
- 3. Which of the following is tropical grassland?
Options- A. Taiga
- B. Savannah
- C. Pampas
- D. Prairies Discuss
- 4. Indian Cancer Research institute is located at
Options- A. New Delhi
- B. Calcutta
- C. Chennai
- D. Mumbai Discuss
- 5. The ratio of land to ocean in the southern hemisphere is
Options- A. 1 to 1.5
- B. 1 to 1
- C. 1 to 4
- D. 1 to 10 Discuss
- 6. How many players are there in Water Polo team?
Options- A. 4
- B. 5
- C. 6
- D. 7 Discuss
- 7. Gangubai hangal is the name associated with
Options- A. Literature
- B. Music
- C. Journalism
- D. Environment Discuss
- 8. The largest production of mica in Asia is from
Options- A. Indonesia
- B. Malaysia
- C. Myanmar
- D. India Discuss
- 9. Plants synthesis protein from
Options- A. starch
- B. sugar
- C. amino acids
- D. fatty acids Discuss
- 10. The year 1985 was declared as the International Year of
Options- A. Blind
- B. Youth
- C. Children
- D. GandhiWomen Discuss
More questions
Correct Answer: 25 years
Correct Answer: 1966
Correct Answer: Savannah
Correct Answer: Mumbai
Correct Answer: 1 to 4
Correct Answer: 7
Correct Answer: Music
Correct Answer: India
Correct Answer: amino acids
Correct Answer: Youth
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