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Logistics and Insurance
Class 10
Exercise/MCQ Set 1
Logistics and Insurance Class 10 ICSE MCQ
1. __________ insurance gives protection as well as investment.
Social
Profit
Life
Health
2. __________ warehouses, owned by Government or run under Government license for storage of imported goods.
Private
Public
Bonded
Cold storage
3. Which is NOT the type of health insurance policy.
Disability income policy
Term Insurance
Long term hospitalisation
Major Medical expenses
4. Which type of Insurance covers arising from dishonesty of employees.
Burglary
Third party
Credit
Fidelity
5. In which type of insurance Policy can be surrendered before maturity, surrender value and paid up value permitted.
Life
Fire
Marine
None of the above
6. The expenses of constructing, maintenance and insurance of private warehouses are paid by ______.
government
public trusts
their owners
public authorities
7. The benefits of public warehousing includes :
Control
Dealers relationship
Convenient location
All of these
8. Which among of these is the demerit of Road Transport
Fluctuating rates
Less Formalities
Multipurpose Nature
Feeder Service
9. Which is NOT the suitable condition of Air Transport ?
for carrying huge quantity of bulky and heavy goods
for most quick transportation
for transportation over long distances
for safe and comfortable journey.
10 "The insurer becomes owner of the damaged property after compensating the insured for loss." Which principle of insurance is referred to in this statement ?
Utmost good faith
Insurable interest
Subrogation
Indemnity
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