BTM 4243 Takaful (Quiz 1)

BTM 4243 Takaful (Quiz 1)

University

20 Qs

quiz-placeholder

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BTM 4243 Takaful (Quiz 1)

BTM 4243 Takaful (Quiz 1)

Assessment

Quiz

Religious Studies

University

Hard

Created by

Hafiz Hassan

Used 17+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

"Driving a car could brought us to an accident, which would injure us or damage the car". This statement describes about .....................in our life.

Risk

Potential

Opportunity

Hazard

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

"Investing in the stocks of a company and starting up a new business involve not only the risk of loss but also the opportunity to make a profit or gain". This statement refer to ..............................

Speculative Risk

Pure Risk

Financial Risk

Fundamental Risk

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

"The losses caused by the events that are limited to one individual or a small group of individuals". This statement refer to ...........................

Fundamental risk

Speculative risk

Non-financial risk

Particular risk

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The following techniques can be used to manage risk EXCEPT:

Risk sharing

Risk acceptance

Risk control

Risk ignorance

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

"Some organisations provide medical assistance to their

employees if they are hospitalised. They pay their employees’ medical expenses direct to the hospital or reimburse the cost of medical to their employees". This technique refer to .....................

Risk Transfering technique

Risk Acceptance technique

Risk Control technique

Risk Avoidance technique

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

"To manage the risk of caravan to be looted, someone would advise the caravan to take a particular route that, in his opinion, was safe. The person who gave this advice always guaranteed that if any looting occurred on his suggested route, he would compensate the caravan for the loss". This situation refer to .....................

Daman ul Darak

Aaqila

Daman Khathar ul Tareeq

Taawun

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The client of insurance scheme can be called as ...................... and such clients can be an individual, company, government or any identifiable entities.

Insured

Contributor

Premium payer

Insurance holder

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