Business studies First Term 2023/2024 Half Term Test

What is undertaken to protect against loss of life or property?

• Business studies

• Insurance

• Education

• Store-keeping

What is the insurance policy taken to cover goods shipping across the sea called?

• Fire

• Marine

• Burglary

• Accident

Who is the insurer?

• The insurance company

• The person or company who insures his goods

• The government

• The intermediary

What is one of the reasons or functions of insurance?

• To bear loss

• To reduce risks

• To cause loss

• To ensure loss

What is the person or company that insures his property or life called?

• insured

• insurer

• insurance company

• premium

Which of the following is not among banking services?

• Loans

• Traveller's Cheque

• Banker's draft

• insure properties

Which of the following is not an ethical issue in the banking sector?

• Confidentiality

• Integrity

• Non-transparency

• transparency

What is the purpose of insurance?

• To make profit

• To make good the loss suffered

• To collect premium

• To avoid loss

Which of the following insurance policies is not for motor vehicle?

• Third party

• Marine

• Comprehensive

• Theft

Which of the following risks is not insurable?

• Storm

• Earthquake

• Gambling

• Thefts