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MCQ Questions for CBSE Class 12 with Answers
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MCQ Questions for CBSE Class 8 with Answers
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Insurance Class 9 MCQ Questions With Answers
1.
Someone who relies on someone else for income and care
beneficiary
claim
deductible
dependent
2.
You fall off your bike and sprain your wrist.
Disability Insurance
Automobile Insurance
Health Insurance
Life Insurance
3.
You hit a deer with your car and it needs to be repaired
Liability Insurance
Comprehensive Insurance
Collision Insurance
Life Insurance
4.
This type of insurance pays the expenses of a hospital stay.
medical
surgical
hospitalization
health
5.
Your house is destroyed by a tornado and you need to rebuild it.
Homeowners Insurance
Renters Insurance
Life Insurance
Liability Insurance
6.
Insurance that protects your family against financial loss due to your death is
coinsurance
disability insurance
life insurance
comprehensive insurance
7.
Surgical insurance covers the fees of
teachers who teach
professors who instruct
truck drivers who drive
doctors who perform surgery
8.
An unexpected death of a family member occurs and results in funeral expenses
Long-term care Insurance
Disability Insurance
Life Insurance
Liability Insurance
9.
Bodily injury covers your liability for injury to
yourself
property
others
other cars
10.
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
11.
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
12.
Which is NOT a source of Disability Income?
Worker's Compensation
Private Insurance
Social Security
University
13.
A formal request to an insurance company asking for a payment when the policyholder has an acciden, illness or injury
emergency savings
coverage
claim
employee benefits
14.
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
15.
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
16.
Employers may offer employee benefits in the form of products or services that add extra value for employees beyond earned wages
disability insurance
employee benefits
health insurance
automobile insurance
17.
What type of insurance coverage is considered specialized?
Floods and earthquakes
Stolen or destroyed property
Loss of Use
Property Damage from a fire
18.
This type of insurance pays the fees of other doctors who see you in or out of the hospital.
hospitalization insurance
disability insurance
medical insurance
life insurance
19.
The purpose of insurance is to completely transfer risk to other people.
TRUE
FALSE
20.
Your car is totaled during a hit and run accident
Uninsured Motorist Insurance
Life Insurance
Comprehensive Insurance
Collision Insurance
21.
Someone who receives money if an insured person dies
claim
beneficiary
dependent
employee benefits
22.
Cash set aside that can be used to cover the costs of unexpected expenses
emergency savings
emergency spending
emergency fraud
emergency share
23.
Which of the following is NOT covered by Property Damage Liability Coverage?
Cars
Poles
Signs
Medical Bills
24.
The sprinkler system in your house goes off and it damages the flooring
Renters Insurance
Homeowners Insurance
Umbrella Policy
Disability Insurance
25.
You crash your car into another vehicle and hurt someone else in the car
Bodily Injury Liability
Property Damage Liability
Collision Insurance
Comprehensive Insurance
26.
What year was Obamacare made?
2018
2010
2008
2016
27.
According to the Affordable Care Act, children can be on their parents' health insurance until what age?
Until they get a full time job
22
26
28
28.
The risks covered and amount of money paid for losses under an insurance policy
emergency savings
beneficiary
claim
coverage
29.
Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid
employee benefits
co-insurance
deductible
coverage
30.
How many states elected not to expand Medicaid, limiting accessibility for their residents?
17
20
36
14
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