Important Banking Awareness Quizzes (Topic Wise)Â Day-92:
Dear Readers, Here we have provided the Important Banking Awareness Quizzes based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming IBPS Exams 2017 can make use of it.
Click Here for ALL in ONE Banking Awareness Quiz
[WpProQuiz 559]- ___________ is a local government official who estimates the value of real property within a city, town, or village’s boundaries
- Estimator
- Processor
- Developer
- Assessor
- None of these
- ____________ is compensation for damages or loss. Indemnity in the legal sense may also refer to an exemption from liability for damages
- Repatriation
- Depreciation
- Consideration
- Assignment
- None of these
- The Amount you have to pay out of pocket for expenses before the insurance company will cover the remaining costs is called ____________
- Deductible
- Cancellation
- Collectable
- Renewable
- None of these
- __________is an agreement given by the beneficiary to make periodic payments which continue during the survival of the annuitants or for specific period
- Allowance
- Guarantee
- Annuity
- Warranty
- None of these
- The person who is more specialists in the mathematics of insurance who can do all calculations includes rates, reserves, dividends and other statistics is called __________
- Insurer
- Actuary
- Surveyor
- Developer
- None of these
- Termination of the policy due to failure of the payment of required renewal premium is called __________
- Omission
- Completion
- Unpaid
- Lapse
- None of these
- A ________ bond is a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals
- Fidelity
- Surety
- Insured
- Safety
- None of these
- __________period is the provision in most loan and insurance contracts that allows payment to be received for a certain period of time after the actual due date
- Policy
- Premium
- Notice
- Additional
- None of these
- ___________in insurance means a request, from the proposer to the insurer, for giving protection against a risk.
- Conversion
- Proposal
- Suggestion
- Obligation
- None of these
- Compensation paid by an organization for out-of-pocket expenses incurred or overpayment made by an employee, customer, or other party is called ___________
- Insured amount
- Arbitration
- Reimbursement
- Retention
- None of these
- ____________ is an insurance industry practice in which an insurer takes action retroactively to cancel a policy holder’s coverage by citing omissions or errors in the customer’s application
- Rescission
- Endorsement
- Mortgage
- Comprehensive
- None of these
- ____________bond is defined as a contract among at least three parties: the obligee: the party who is the recipient of an obligation
- Fresh bond
- Register bond
- Foreign bond
- Fidelity bond
- None of these
- ______________ is designed to help protect you from major claims and lawsuits and as a result it helps protect your assets and your future
- Liability insurance
- Self insurance
- Umbrella insurance
- Safe insurance
- None of these
- ___________is a term used by life insurers to describe the process of assessing risk
- Representative
- Insurer
- Assuring
- Underwriting
- None of these
- _______________in an insurance policy is a promise by the insured party that statements affecting the validity of the contract are true
- Guarantee
- Warranty
- Surety
- Insured
- None of these
Click Here for ALL in ONE Banking Awareness Quiz
[WpProQuiz 559]
Subscribe
0 Comments