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Advanced Wealth Management Course (IIBF) - Paper 4

Part I: Ch 7: General Insurance

Q1.

Which group mainly covers the fidelity guarantee insurance?

Insurance of property
Insurance of liability
Insurance of interest
Insurance of persons

Q2.

(I) Indian general insurers operate in more than 30 countries through agencies, branches and subsidiaries. (II) Insurance helps protect capital employed in industry and economic activity.

Both the statements are correct
Only statement (I) is correct
Only statement (II) is correct
Both the statements are wrong

Q3.

Product liability and professional indemnities etc. fall in ____________ group.

Special risks
Insurance of interest
Insurance of persons
Insurance of liability

Q4.

Which general insurance cover personal accident, sickness, public liability, fidelity etc?

Fire insurance
Miscellaneous insurance
Marine insurance
None of the above

Q5.

General insurance removes the worry and fear associated with several business risks, making it easy to carry out certain economic activities.

True
False