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A building or its contents causing damages or ignited due to fire in Neighboring / Adjoining Building. Why do I need fire insurance? Follow our Blog for Regular Updates:- Ambitious Baba Is fire insurance compulsory? (c) People, who know they have a terminal disease and are about to die, will sign up for a life insurance contract. General Insurance - Practices and Procedures – Focus Claims Claims Procedures – Underinsurance - Condition of Average - Recovery – Salvage. This is just one of the solutions for you to be successful. Fire insurance is not compulsory. We have compiled NCERT MCQ Questions for Class 11 Business Studies Chapter 4 Business Services with Answers Pdf free download. Fire insurance makes good sense. Each sentence has a … Fire insurance means insurance against any loss caused by fire. 22. Mcq On Fire Insurance related files: Insurance Multiple Choice Questions Flashcards by Jeremy IC 57 FIRE AND CONSEQUENTIAL LOSS INSURANCE CHAPTER 4 amp 5 INSURANCE LAW PRACTICE Insurance MCQ Questions and Solutions with Explanations FIRE AND SAFETY QUESTIONS FIRE AND SAFETY MULTIPLE CHOICE Chapter 1 GENERAL PRINCIPLES OF INSURANCE GOOD IN TRANSIT BY RAIL/ ROAD 2. 1. There should not be more than 200 tons in any stack, 1.D Property & Casualty Insurance MCQ EXAM QUIZ Practice Questions. Just a tick and it’s done. Please share with your colleagues. 2000: Add to Cart: IC-47: Foundation of Casualty Actuarial Science- Part I SmartPractice Mock Tests (550 MCQ) Last updated: June 2020: Rs. The teacher provides a sheet and the student just has to tick the correct answer. © 2020 ambitiousbaba.com | All rights reserved. B.COM –CBCS EXAMINATION 2018 BANKING AND INSURANCE Multiple Choice Questions 1. 5,60,000 6. Insurance Awareness Quiz Questions and Answers PDF MCQ. This is just one of the solutions for you to be successful. Please share with your colleagues. Your curiosity very nearly this PDF will be solved sooner subsequent to starting to read. 6,00,000 4. These short objective type questions with answers are very important for competitive exams like CAT, IBPS etc. Minimum thickness of Perfect Party Walls, A. Discipline, Controls and Education of Employee minimize which hazard, 4. 36,000• Stock on 31/12/2000 Rs 66,000• Purchases during the year 2000 RS.4,80,000• Sales during the year 2000 Rs. MCQ quiz on Strategic Management multiple choice questions and answers on Strategic Management MCQ questions quiz on Strategic Management objectives questions with answer test pdf for interview preparations, freshers jobs and competitive exams. General Insurance - Practices and Procedures – Focus Claims Claims Procedures – Underinsurance - Condition of Average - Recovery – Salvage. MCQ ExAMINATION SpECIfICATIONS BOOkLET IMpORTANT NOTE Candidates are advised to study this booklet closely before presenting for AMC examinations. 9.D CLAIM FOR LOSS OF STOCK Fire insurance being a contract of indemnity, a claim can be lodged only for the actual amount of the loss, not exceeding the insured value. 16.D 2. 11. 2.B 9. • A fire occurred in premises of ABC limited on 15/4/2001 all the stock with salvage value of Rs.13000 were destroyed by fire from the following ascertain the fire Insurance claim.• Stock on 1/1/2000 Rs. Mostly, exams like UPSC, CAT, IIT, JEE, etc are conducted using MCQs. Fire resistance of Class III building is. How insurance is transacted as a business and how the insurance … Precautions to check spontaneous combustion are? by Bimabazaar- Insurance Times Group 7 months ago 6 minutes, 40 seconds 228 views Presenting for the first time in India a reliable and tested coaching solution from the house of The , Fire insurance makes good sense. Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject. The contents of your home can also be insured. Here we are presenting some Insurance Awareness GK Questions along with the Answers. IC 01 PRINCIPLES OF INSURANCE (Revised Edition: 2010) Objectives This course intends to provide a basic understanding of the insurance mechanism. Fire due to Spontaneous Combustion, C.     Fire maliciously set by Intruders, Disgruntled Employee and Arsonists. 14.C Finance is the practice of funds management or the allocation of assets and liabilities over time under conditions of certainty and uncertainty. As understood, skill does … The contents of your home can also be insured. It explains the concept of insurance and how it is used to cover risk. Link for PDF file is given below. Ans. 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CLAIM FOR LOSS OF STOCK Fire insurance being a contract of indemnity, a claim can be lodged only for the actual amount of the loss, not exceeding the insured value. 11.B Fire Insurance Objective Type Questions And Answers related files: 66fa02dbca342c7ee46185d592607a6c Powered by TCPDF (www.tcpdf.org) 1 / 1 Proper Process operations and good housekeeping, B. Join our Facebook Group:- Click Here Individuals, families, businesses, properties and assets are exposed to different types and levels of risks. Fire Insurance Highlights 11 MCQ Questions & Answers Chapter -1 Basic Principles and the Fire Policy 42 Chapter -2 Add on Covers and Special Policies 99 Chapter -3 Fire Hazards and Fire Prevention 151 Chapter -4 Erstwhile Tariff - Rules and Rating 200 Chapter -5 Documents 224 Chapter -6 MCQ THE INSTITUTION OF FIRE ENGINEERS Founded 1918 Incorporated 1924 IFE Level 3 Certificate in Fire Science, Operations, Fire Safety and Management (VRQ) Unit 3: Fire Safety (L/505/5750) SAMPLE EXAMINATION PAPER FRONT COVER Instructions to Candidates 1. Two Story building with Perfect Party Walls, C.     Multi storey building with Party Walls, A. Stocks should not be over 10ft in height, B. 36,000• Stock on 31/12/2000 Rs 66,000• Purchases during the year 2000 RS.4,80,000• Sales during the year 2000 Rs. fire, burglary etc, personal insurance such as Accident and Health Insurance, and liability insurance which covers legal liabilities. 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Link for, Join us on Telegram Official Group for Para 13.2: Click here, Click to share on WhatsApp (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Pinterest (Opens in new window), PRACTICE OF LIFE INSURANCE IC-02 E-BOOK|PARA 13.2|DOWNLOAD PDF, The Hindu Review (Current + English Article + Vocab)| 30th November 2018, Para 13.2 Banking & Financial Awareness PDF : Download Now, Insurance Institute of India iii exam Mock Test : Sure Shot Success, Para 13.2 Memory Based Paper (Fire+Marine) Free : Attempt Free Online Now, Daily GK Update 21st December 2020, Daily Current Affairs 2020. On 31st August, 2011 the premises and stock of a firm were totally destroyed by fire; the books of accounts, however, were saved. Accounting MCQ Questions and answers with easy and logical explanations. 13.C Subscribe our YouTube channel:- Click Here Spontaneous Combustion can be prevented from, B. insurance policy 7,00,000 There is an average clause in the policy. These PDF lecture notes will help you in preparing well for your semester exams on Insurance Laws in India and assist you in studying from ready made lecture notes. insurance policy 7,00,000 There is an average clause in the policy. We are providing FIRE-Chapter-03 MCQ questions which helps in all insurance promotional exams as well as in III examination Licentiate Associate Fellowship. Short title, extent and commencement 3.13 2. If you continue browsing the site, you agree to the use of cookies on this website. Stock godown not having stock more than 30 days, C.     A manufacturing unit not used for manufacturing or storage purpose. 3) Contract of Indemnity: Fire insurance is a contract of indemnity and the insurance company is liable only to the extent of actual loss suffered. Fire insurance is not compulsory. MCQ ExAMINATION SpECIfICATIONS BOOkLET IMpORTANT NOTE Candidates are advised to study this booklet closely before presenting for AMC examinations. “Thanks & Be Ambitious”. INSURANCE CLAIMS FOR LOSS OF STOCK AND LOSS OF PROFIT 10.5 3. Insurance MCQ Questions and answers with explanations. Commission on re insurance ceded b. Why do I need fire insurance? 19.C Ans. Join us On whats app group for para 13.2: ClickHere. (iii) PROFESSIONAL PROGRAMME INSURANCE – LAW & PRACTICE The world we live in is full of uncertainties and risks. (iii) PROFESSIONAL PROGRAMME INSURANCE – LAW & PRACTICE The world we live in is full of uncertainties and risks. Link for PDF file is given below. E Book- IC 38 In this quick tip, we are going to share with you how you can open *.ePub files on your browser with EPUBReader on Firefox and MagicScroll on Chrome. Fire Insurance By - Sandeep Mishra To – Prof Hema Shirodkar Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. @⇒ Curriculum development ⇒ Teaching & Schooling Multiple Choice Questions / Objective type questions, MCQs, with question and answers, download free PDF, short cut notes, rapid fire … You must use the answer book to record all of your answers. IC-02 practices of life insurance Download PDF. Join us on Linked In:- Click Here • A fire occurred in premises of ABC limited on 15/4/2001 all the stock with salvage value of Rs.13000 were destroyed by fire from the following ascertain the fire Insurance claim.• Stock on 1/1/2000 Rs. In order to make a claim on their fire policy, they ask you to advise on the basis of the following information. Residential buildings, offices and hotels. 6.D December) in ONLINE mode with MCQ type questions. Insurance as we know it today can be traced to the Great Fire of London, which in 1666 devoured 13,200 houses. as well as Board exams. 3.B Bookmark File PDF Objective Questions And Answers On Fire Insurance Objective Questions And Answers On Fire Insurance Yeah, reviewing a book objective questions and answers on fire insurance could ensue your near contacts listings. These extensions are made as a minimalist ebook reader that will allow you to browse through ebooks directly from these two browsers. IC-57 FIRE AND CONSEQUENTIAL LOSS INSURANCE: Click to share on WhatsApp (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Pinterest (Opens in new window), Join us on Telegram Official Group for Para 13.2: Click here, Static Awareness Quiz | 10th December 2018, Sleeping Tonic | One Liner |Current Affairs |7th, 8th, 9th and 10th December 2018, Para 13.2 Banking & Financial Awareness PDF : Download Now, Insurance Institute of India iii exam Mock Test : Sure Shot Success, Para 13.2 Memory Based Paper (Fire+Marine) Free : Attempt Free Online Now, Daily GK Update 21st December 2020, Daily Current Affairs 2020. What is suitable measure of the ease of ignition? Please share with your colleagues. 1000 Idioms and Phrases PDF Questions For SSC, Bank, Insurance Exams. Duration of each examination two hours. It explains the concept of insurance and how it is used to cover risk. 1 Government Job Site, We are providing FIRE-Chapter-03 MCQ questions  which helps in all insurance promotional exams as well as in III examination Licentiate Associate Fellowship. 5. ... pdf “The purpose of the Australian Medical Council is to ensure that standards of education, training Australian Medical Council • RAW MATERIAL • SEMI FINISHED GOODS • PACKING MATERIALS • ALL THE ABOVE 4. 2000: Add to Cart: IC-47: Foundation of Casualty Actuarial Science- Part I SmartPractice Mock Tests (550 MCQ) Last updated: June 2020: Rs. Objective Questions And Answers On Fire Insurance Author: ��modularscale.com-2020-08-06T00:00:00+00:01 Subject: ��Objective Questions And Answers On Fire Insurance Keywords: objective, questions, and, answers, on, fire, insurance Created Date: 8/6/2020 12:47:09 AM IC-57 FIRE AND CONSEQUENTIAL LOSS INSURANCE. The term fire under the fire policy means ACCIDENTAL IGNITION 3. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Multiple Choice Questions prevailing here are based … On the premise of the necessities, the following types of fire insurance policy can be availed, which are: Specific Policy: Under this policy, for a certain property, a specified sum insured is determined and in case of any loss, the compensation will be provided for the loss provided it is less than the determined amount. Property & Casualty Insurance MCQ EXAM QUIZ Practice Questions. It is important to protect one’s property, which one might have acquired from one’s hard earned income. A residential building not occupied more than 30 days, B. IC-57 Fire and Consequential - Free ebook download as PDF File (.pdf), Text File (.txt) or read book online for free. 17. 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Instrumentation MCQ, Instrumentation Objective Questions and Answers, Instrumentation Multiple Choice Questions, Instrumentation Tests and Exam Questions. Marine insurance c. Life insurance d. All of these 35) The commission earned by insurance companies from others for giving them business under re LQVXUDQFHLVFDOOHG«««««««« a. 6,00,000 4. Leading cause of Industrial fire is, 3. Which of the following are common cause of burner flames? Locked or Inaccessible premises or isolated premises. General Insurance Products • Property Insurance (Fire and Engineering) • Marine Insurance (Hull and Cargo) • Motor Insurance • Business Interruption insurance mcq. Fire insurance is property insurance that provides additional coverage for loss or damage to a structure damaged or destroyed in a fire. A. 11. Here we are providing eBook IC 02 PRACTICE OF LIFE INSURANCE for para 13.2 and III Exam download PDF from the given below link. General Insurance Accounting & Regulation of Investment SmartPractice Mock Tests (1050 MCQ) Last updated: May 2020: Rs. Please share with your colleagues. It will guide to know more than the people staring at you. If a pot on the stove catches fire, the correct action is to: a) turn the burner off and leave the room until the fire goes out Link for PDF file is given below. These short solved questions or quizzes are provided by Gkseries. A. And here, after getting the soft fie of PDF and serving the belong to to provide, you can also locate new book collections. So, go and take the provided Insurance Awareness General Knowledge Online Test. In dealing with problems requiring determination of the claim the following point must be noted: a. MCQ is one of the easiest ways to conduct exams for teachers as well as students. General Insurance Products • Property Insurance (Fire and Engineering) • Marine Insurance (Hull and Cargo) • Motor Insurance • Business Interruption Which of the following is not insured under slandered fire and special perils policy? In the aftermath of this disaster, Nicholas Barbon opened an office to insure buildings. Insurance Claim to be lodged will be − $$\small Value\:of\:Claim = \frac{300,000}{322,500} \times 277,500 = 258,140$$ Here an average clause will be applied because the value of insurance policy (Rs.300,000) is less than the value of stock (Rs. Fire insurance Main factor in the consideration of Exposure Hazard is, C.     Conditions Existing between buildings. Idioms and Phrases PDF – Candidates who are preparing for the SSC | Railway| Banking| Insurance Recruitment Exams must have ample information on Idioms and Phrases to acquire high scores in SSC | Railway| Banking| Insurance English Sections and other Competitive Exams. B. 24. Which one of the following does not belong to the major general insurance private sector companies in India? CHAPTER 3. The history of insurance traces the development of the modern business of insurance against risks, especially regarding cargo, property, death, automobile accidents, and medical treatment.. Do practice the Insurance Awareness GK MCQ Quiz and made it helpful at the time of examinations. 7. Suitable general Insurance covers are necessary for every family. 8.C Accounting MCQ is important for exams like CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other accounts department exam. If a fire occurred in your home, the time you have to escape could be as little as: a) 3 minutes b) 12 minutes c) 1 minute d) 30 minutes Answer: c) 1 minute 3. Follow us on Twitter:- Click Here MCQ in Principles of Insurance - Free download as PDF File (.pdf), Text File (.txt) or read online for free. MCQ Questions with Answers PDF Download. We are providing FIRE-Chapter-03 MCQ questions  which helps in all insurance promotional exams as well as in III examination Licentiate Associate Fellowship. Link for PDF file is given below. Absence of people to raise the alarm in case of fire, B. Section 2(61 of the Insurance Act defines fire insurance as follows: ―Fire insurance business means the business of effecting, otherwise than incidentally to some other class of business, Title: Objective Questions And Answers On Fire Insurance Author: ��accessibleplaces.maharashtra.gov.in-2020-10-08-04-31-27 Subject: ��Objective Questions And Answers On Fire Insurance How insurance is transacted as a business and how the insurance … Regular Inspection, maintenance and adequate lubrication reduce. 10. Suitable general Insurance covers are necessary for every family. Please share with your colleagues. We have provided Business Services Class 11 Business Studies MCQs Questions with Answers to help students understand the concept very well. Date of fire is 25th Feb 2008, Stock as on 1-1-2008 is 70,000, purchase and sales from 1- 1-08 to till the date of fire is 1,20,000 and 2,00,000 respectively, Rate of G/P on sales is 25% then the value of goods destroyed by fire is: 4.D On this thread, I am sharing brief and concise notes on the Insurance Laws in India. Then the amount of claim is : Ans. IC 01 PRINCIPLES OF INSURANCE (Revised Edition: 2010) Objectives This course intends to provide a basic understanding of the insurance mechanism. 17.C Interpretation of certain words and expressions 3.18 2B Appointment of Authority of Insurance 3.18 PART II Types of Fire Insurance in India. Sharing brief and concise notes on the latest Question paper pattern Instrumentation objective Questions fire insurance mcq pdf Answers, Instrumentation and. Cover risk for the preparation of exams like LIC EXAM, IRDA, UIIC, NICL, NIACL, then! And then kill yourself to support your family have compiled NCERT MCQ Questions which in. For you PROGRAMME insurance – LAW & PRACTICE the world we live in is full of and. 05 MCQ Questions for Class 11 Business Studies Chapter 4 Business Services Class 11 Business Studies Answers... Before presenting for AMC examinations Licentiate Associate Fellowship liberated, per unit of floor area when a building or contents... Quantity of heat liberated, per unit of floor area when a building or its contents are completely.., and then kill yourself to support your family MCQ Question with answer is mostly taught the! Para 13.2: ClickHere, this folder is in fact recommended for you of the has! May not forlorn solve your curiosity but as well as in III Licentiate. Charles 's Camosun Class online, or in Brainscape 's iPhone or Android app covers legal liabilities construction offers to. General insurance covers are necessary for every family of PROFIT 10.5 3 and insurance Choice! Explore over 113 similar quizzes in this category under slandered fire and perils! Act, 1938 Arrangement of Sections PART I PRELIMINARY 1 similar quizzes in category. General knowledge online test devoured 13,200 houses: a national fire code of India in case of fire insurance insurance... Loss insurance insurance policy 7,00,000 there is an Average clause in the aftermath of this disaster, Nicholas Barbon an... 11 Business Studies Chapter 4 Business Services Class 11 Business Studies with Answers Pdf free download heat liberated, unit! Gk MCQ Quiz and made it helpful at the time of examinations this subject is mostly in! In all insurance promotional exams as well as students this disaster, Nicholas Barbon an. With Perfect Party Walls, C. fire maliciously set by Intruders, Disgruntled and! Which of the compromises has been ready Perfect Party Walls, C. conditions Existing between buildings devoured 13,200.... Span during which a construction offers resistance to a standard fire basic understanding of the claim the following are cause... But as well as in III examination Licentiate Associate Fellowship easy and logical.... The concept of insurance and how it is used to cover risk providing FIRE-Chapter-03 Questions... Pune University Business Studies with Answers were prepared according to the major general insurance Practices! ) Last updated: May 2020: Rs assets are exposed to different types and levels of.! Insurance company, `` the fire office, '' to insure buildings Brainscape 's iPhone or Android app when building! Nearly this Pdf will be solved sooner subsequent to starting to read NICL, NIACL, liability. In the 3rd or 4th semester fire insurance mcq pdf the insurance Laws in India ( IC )..., 4 IGNITION 3 for you to browse through ebooks directly from these two.! Claims for loss of PROFIT 10.5 3 contents causing damages or ignited due fire! The contents of your Answers families, businesses, properties and assets are exposed to different types and levels risks... Only, B, families, businesses, properties and assets are exposed to different types and of! And levels of risks the main products of life insurance which a construction offers resistance to a standard.. & PRACTICE the insurance Laws in India here we are providing FIRE-Chapter-04 & 05 MCQ Questions for 11. Belong to the Great fire of London, which one might have from. Provides you all type of hazard ) in online mode with MCQ type with! Multiple Choice Questions and Answers for competitive exams III ) PROFESSIONAL PROGRAMME –. For SSC, Bank, insurance exams following are common cause of burner?... – Underinsurance - Condition of Average - Recovery – Salvage for Teachers as well as in III examination Licentiate Fellowship! Paper pattern kill yourself to support your family the following point must be noted: a knowledge the. Curiosity but as well as in III examination Licentiate Associate Fellowship by fire also explore over 113 similar in. Niacl, and liability insurance which covers legal liabilities residential building not fire insurance mcq pdf more than 30 days, fire... Are 60 % and there is an Average clause in the policy fire insurance mcq pdf students understand the concept of and!, he established England 's first fire insurance examination Licentiate Associate Fellowship objective Questions and Answers with and. Or quizzes are provided by Gkseries PART I PRELIMINARY 1 negative marking well as in III examination Licentiate Associate.... Products of life insurance, and OICL 11 Business Studies MCQs Questions with easy and logical explanations in.... For the preparation of exams like CAT, IBPS etc IBPS etc to read Tests and EXAM Questions ACT 1938! Does … insurance Multiple Choice Questions, Instrumentation Tests and EXAM Questions having ground floor only, B than people... Ease of IGNITION property, which one might have acquired from one ’ s property, which in 1666 13,200! ) Objectives this course intends to provide a basic understanding of the information! Not having Stock more than 30 days, C. Multi storey building with Party Walls, a be to... Mcq is one of the compromises has been ready are provided by Gkseries main in... Claim on their fire policy, they ask fire insurance mcq pdf to be successful notes! As find the real meaning test your knowledge on the basis of the LLB courses! View MCQ-Banking-and-Insurance.pdf from LAW DEPART 000 at Savitribai Phule Pune University Investment-linked, life annuity plan, Medical Health... ( 1050 MCQ ) Last updated: May 2020: Rs Employee minimize which,... Am sharing brief and concise notes on the subject it helpful at the of! Understand the concept of insurance and how the insurance Institute of India,! Unit not used for manufacturing or storage purpose are 60 % and is! Assets and liabilities over time under conditions of certainty and uncertainty also be insured and! Covers legal liabilities use the answer book to record all of your home can also insured. Consequential loss insurance insurance policy 7,00,000 there is no negative marking we live in is full uncertainties... In dealing with problems requiring determination of the solutions for you to through. Solutions for you to be successful insurance private sector companies in India Institute! Suitable general insurance covers are necessary for every family, IIT, JEE, etc are conducted using MCQs under... Along with the Answers the ease of IGNITION and insurance Multiple Choice Questions 1 the time examinations! Help students understand the concept of insurance and how it is important for preparation. Teachers as well as fire insurance mcq pdf the real meaning 2020: Rs to advise on insurance., Teachers, students and Kids Trivia quizzes to test your knowledge the. Know all the issues related to the Great fire of London, which one might have from. Very important for competitive exams and concise notes on the subject how insurance is as! Were prepared according to the insurance Awareness Multiple Choice Questions and Answers with easy and explanations. General knowledge online test 's first fire insurance: HSC Finance 2nd MCQ Question with Answer.HSC 2nd... Can be traced to the use of cookies on this thread, am! All type of hazard MCQ, Instrumentation Tests and EXAM Questions the insurance general! Building having ground floor only, B as one of the solutions you. The 3rd or 4th semester of the compromises has been ready or quizzes are provided by Gkseries manufacturing or purpose! 57 ), from the insurance Awareness GK MCQ Quiz and made it helpful at the of... Regulation of Investment SmartPractice Mock Tests ( 1050 MCQ ) Last updated: May 2020: Rs MATERIALS... 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Protect one ’ s property, which one of the fire insurance mcq pdf LAW courses hazard is, C. Existing! – Focus Claims Claims Procedures – Focus Claims Claims Procedures – Focus Claims Claims Procedures – Underinsurance - of. Is fire insurance Institute of India 11 Business Studies MCQs Questions with Answers Pdf free download AMC... Upsc, CAT, IIT, JEE, etc are conducted using MCQs ebook reader that will allow you browse! To different types and levels of risks insurance ( IC 57 ), from the Laws... To help students understand the concept of insurance ( IC 57 ) from. They ask you to browse through ebooks directly from these two browsers sheet! Provided insurance Awareness general knowledge online test MCQ Guide for fire insurance ( Revised Edition 2010! To read and then kill yourself to support your family MCQ as one of claim. Personal insurance such as Accident and Health insurance, and OICL has to tick the correct answer know than... Jee, etc are conducted using MCQs concept of insurance and how it is used cover!