The basic principle of insurance is ________.

(a)

Insurable Interest

(b)

Co-operation

(c)

Subrogation

(d)

Proximate causa

___________ is not a type of general insurance.

(a)

Marine Insurance

(b)

Life Insurance

(c)

Fidelity Insurance

(d)

Fire Insurance

Which of the following is not a function of insurance?

(a)

Lending Funds

(b)

Risk Sharing

(c)

Capital formation

(d)

Protection of life

Which of the following in not applicable in insurance contract?

(a)

Unilateral Contract

(b)

Conditional Contract

(c)

Indemnity Contract

(d)

Inter-personal contract

Which one of the following is a type of marine insurance?

(a)

Money back policy

(b)

Cargo Insurance

(c)

Hull insurance

(d)

both b & c