MULTIPLE CHOICE QUESTIONS - 3 POSSIBILITIES; 1,2 OR 3 GOOD ANSWERS

1. Retirement (annuities) Insurance - what is the risk?

A. Illness in older age

B. Disability in older ago

C. Too long life

2. The Insurance design (form) may have

A. Public old age pension security

B. Public healthcare security

C. Public Guarantee Programs

3. Insurance activity result (account) includes

A. Benefits

B. Administrative cost

C. Investment result

4. In the scheme of the insurance method in horizontal sequence we distinguish

A. Risk

B. Premium

C. Underwriting

5. Credit insurance - what is the risk?

A. Loss of profit

B.Insolvency

C.Theft

6. What method can be used to determine the value of the subject of Insurance?

A. Market method

B. Accounting method

C. Replacement method

7. Health insurance may belong to:

A. Division of life insurance

B. Division of property and liability insurance

C. Both divisions

8. Property insurance is:

A. Liability insurance

B. Business interruption insurance

C. Legal expenses insurance

9. Liability insurance - what is the risk?

A. Insolvency of credit

B. Need to cover the damage caused

C. Car theft

10. Social risk is :

A. Sickness

B. Maternity

C. Old age

11. In insurance as risk management can be distinguished :

A. Risk mitigation

B. Risk dispersion

C. Risk retention