An English Insurance Acts And History Knowledge Quiz!

13 Questions | Total Attempts: 255

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An English Insurance Acts And History Knowledge Quiz! - Quiz

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Questions and Answers
  • 1. 
    The fire insurance duty was imposed between?
    • A. 

      1776 and 1832

    • B. 

      1786 and 1896

    • C. 

      1782 and 1896

    • D. 

      1658 and 1980

  • 2. 
    Which of the following was an insurance law developed by the Babylonian traders? 
    • A. 

      Law of solon

    • B. 

      Insurance contract

    • C. 

      Code of sea law

    • D. 

      Code of Hammurabi

  • 3. 
    Hazards caused by carelessness of the policy holder is called?
    • A. 

      Moral hazard

    • B. 

      Risk hazard

    • C. 

      Morale hazard

    • D. 

      Insurance hazard

  • 4. 
    China is a monetary economy 
    • A. 

      True

    • B. 

      False

  • 5. 
    The financial interest an insured get from the subject matter is?
    • A. 

      Subject matter of indemnity

    • B. 

      Subject matter of insurance

    • C. 

      Subject matter of risk

    • D. 

      Subject matter of contract 

  • 6. 
    The earliest form of insurance is?
    • A. 

      Fire insurance

    • B. 

      Motor insurance 

    • C. 

      Marine insurance

    • D. 

      Life assurance

  • 7. 
    The Lloyds coffee shop was created by?
    • A. 

      Edward lloyd, 1680s

    • B. 

      Edward Taylor, 1680s

    • C. 

      Frank edward, 1670s

    • D. 

      Edward llyold, 1670s

  • 8. 
    ------ was the first British agency company to be given to a Nigerian 
    • A. 

      Granite Insurance Company

    • B. 

      Rock Insurance Company

    • C. 

      Ruby Insurance Company

    • D. 

      Marble Insurance Company

  • 9. 
    The first African indigenous insurance company was established in --------
    • A. 

      1958

    • B. 

      1956

    • C. 

      1957

    • D. 

      1969

  • 10. 
    A Bottomry contract represents??
    • A. 

      Use of ship as security

    • B. 

      Use of cargo as security

    • C. 

      Use of loan as security

    • D. 

      Use of deposited cash as security

  • 11. 
    The great fire of London happened in? 
    • A. 

      1666

    • B. 

      1665

    • C. 

      1766

    • D. 

      1756

  • 12. 
    The liberation of the use of motor car was by?
    • A. 

      Locomotive on Highway Act, 1896

    • B. 

      Road Traffic Act, 1930

    • C. 

      Road Traffic Act, 1934

    • D. 

      Road Traffic Act, 1960

  • 13. 
    The form of insurance which is difficult to underwrite profitably is? 
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