RPH Editorial Team Solutions for Exercise 1: Multiple Choice Questions

Author:RPH Editorial Team

RPH Editorial Team Quantitative Aptitude, Reasoning, English, General Knowledge/ General Awareness Solutions for Exercise - RPH Editorial Team Solutions for Exercise 1: Multiple Choice Questions

Attempt the free practice questions from Exercise 1: Multiple Choice Questions with hints and solutions to strengthen your understanding. LIC ADO Preliminary & Main Exam solutions are prepared by Experienced Embibe Experts.

Questions from RPH Editorial Team Solutions for Exercise 1: Multiple Choice Questions with Hints & Solutions

MEDIUM
Insurance
IMPORTANT

The reason for charging level premiums is

EASY
Insurance
IMPORTANT

Under which of the following conditions the fire policy will cease?

HARD
Insurance
IMPORTANT

Which of the following perils can be an add-on cover under the fire policy at extra premium?

HARD
Insurance
IMPORTANT

Under fire declaration policy, the basis of monthly declarations is

A. Average of the highest value on each day of the month.

B. Highest value on any day of the month.

C. Value on the last day of the month.

MEDIUM
Insurance
IMPORTANT

Which of the following statements is true?

Statement A: Short period rates are charged when the period of insurance is less than 12 months.

Statement B: Short period rates are charged when the policy is cancelled by the insured.

MEDIUM
Insurance
IMPORTANT

In case of fire and accident insurance, insurable interest must exist

MEDIUM
Insurance
IMPORTANT

When there is a fraudulent non disclosure of material facts the insurance contracts becomes:

MEDIUM
Insurance
IMPORTANT

The legal right to insure means _____.