The firm which insures the risk of loss is known as
Insured
Insurance
Assurance
Insurer
RBI is governed by the ______________.
Banking company Regulation Act
RBI Act 1934
Central Finance Act
All of these
The word 'Assurance' is used for ______________.
Marine insurance
Motor insurance
Burglary insurance
Life insurance
A life insurance policy was introduced as a protection against uncertainty of _____________.
Vehicle
Life
Marine
Fire
The person whose life is insured is called ______________.
Assured
Which one of the following is not a function of a commercial bank?
Cheque facility
Accepting of deposits
Health care
Lending of funds
_____________ is the maximum limit of time period for general insurance.
One year
Two year
Five year
Six year
Utmost good faith is one of the ______________ of insurance.
Function
Merit
Principle
Limitation
The major objectives of commercial bank is _____________.
To help the weaker sections
To earn profit
To ensure money supply
Fixed deposits give ____________ of interest than savings account.
Higher rate
Lower rate
10%
20%
