Development Authority Irda Quiz 5 (7 MCQs)

Quiz Instructions:

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1. Which was the first Act to regulate life insuranceindustry in India?

2. Which among the following scenarios warrants insurance?

3. Which of the following is correct? Life insurance is a long term contractGeneral insurance is a short term contract

4. The person who makes the offer is called the _____ and the person who accepts the offer in an insurancecontract is called the _____

5. In which type of contract, the happening of event iscertain but its timing is not known

6. Risk reduction and control involves steps like-

7. Which of the following is not a valid consideration for a contract