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MCQ Questions for CBSE Class 12 with Answers
MCQ Questions for CBSE Class 11 with Answers
MCQ Questions for CBSE Class 10 with Answers
MCQ Questions for CBSE Class 9 with Answers
MCQ Questions for CBSE Class 8 with Answers
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MCQ Questions for CBSE Class 6 with Answers
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MCQ Questions for CBSE Class 4 with Answers
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MCQ Questions for CBSE Class 1 with Answers
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Insurance Class 12 MCQ Questions With Answers
1.
Insurance that protects your family against financial loss due to your death is
coinsurance
disability insurance
life insurance
comprehensive insurance
2.
You have a $20 copay every time you go to the doctor. You have a $250 deductible, and a $1000 annual premium for health care. How much money do you have to pay out of pocket before insurance kicks in?
$20
$100
$250
$1000
3.
The type of insurance that covers damage or loss to a vehicle from fire, theft, vandalism, or hail is called
term life insurance
bodily insurance
comprehensive
collision
4.
After your knee surgery, you are unable to work for 3 months and you need help paying expenses while you're out of work
Disability Insurance
Health Insurance
Life Insurance
Automobile Insurance
5.
Which type of Life Insurance policy only pays a beneficiary when a person dies during a time period?
Term Life Insurance
Whole Life Insurance
Variable Life Insurance
Universal Life Insurance
6.
What type of insurance coverage is considered specialized?
Floods and earthquakes
Stolen or destroyed property
Loss of Use
Property Damage from a fire
7.
The purpose of insurance is to completely transfer risk to other people.
TRUE
FALSE
8.
You crash your car into another vehicle and hurt someone else in the car
Bodily Injury Liability
Property Damage Liability
Collision Insurance
Comprehensive Insurance
9.
Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid
employee benefits
co-insurance
deductible
coverage
10.
The amount you pay for an insurance policy.
Rider
Premium
Deductible
Co-Pay
11.
Of the four parts of auto insurance coverage, which part protects only the other person involved in an accident?
Liability
Comprehensive
Collision
Medical Payments/Bodily Injury
12.
This term pays for protection against loss of life, property, and finances.
collision
premium
insurance
deductible
13.
If you can not work due to a health condition or injury, this type of insurance will pay you a portion of the income you lose.
disability
health
premium
hospitalization
14.
__________ insurance is financial protection for a family in case the main source of income dies
life
term
medical
health
15.
Provides payments for both liability and property insurance on a vehicle
disability insurance
automobile insurance
coverage
deductible
16.
The __________ is the person who receives money from a life insurance policy if the insured dies
beneficiary
life
deductible
health
17.
Someone breaks into your apartment and steals your iPad.
Homeowners Insurance
Liability Insurance
Comprehensive Insurance
Renters Insurance
18.
_______ _______ is the amount of money you will receive if you cancel your whole life insurance policy
deductible
medical
term life
cash value
19.
Provides payment to replace earnings during times when workers cannot work due to illness or injury
disability insurance
dependent
emergency savings
beneficiary
20.
______________ insurance provides financial protection against overwhelming medical expenses
Health
Car
Comprehensive
Medical
21.
When you shop for life insurance, you should consider only the cost or premium you will pay.
TRUE
FALSE
22.
In which of the following scenarios will you obligated to pay the least amount of money out-‐of-‐pocket for medical expenses?
You have no insurance.
You have health insurance with a $500 deductible.
You have auto insurance with a $700 deductible.
You have health insurance with a $1,500 deductible.
23.
Which of the following typically have the highest insurance premiums.
Young, inexperienced drivers
Older, experienced drivers
Drivers who have with safe driving records
Drivers who travel long distances
24.
Food poisoning sends you and your family to the emergency room.
Liability Insurance
Disability Insurance
Life Insurance
Health Insurance
25.
A(n) ____________ is a predetermined flat fee you pay for health care services
co-insurance
whole life
co-payment
term
26.
_____________ ___________ __________ is a prepaid health plan in which care providers contract with (or are) employees of the org. to provide you with services
preferred provider organization
health maintenance organization
life insurance
non-life insurance
27.
_______ _________ insurance also known as permanent life insurance, offers financial protection for your entire life
term life
whole life
universal life
life
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