When instalment revival can be availed?

A When policyholder is unable to pay full arrears of premium in lumpsum
B When the policy could not be revived under special revival scheme
C Both A & B
D None of the above

Correct Answer: Both A & B

Instalment revival can be availed when policyholder is unable to pay full arrears of premium in lumpsum and when the policy could not be revived under special revival scheme.
Bissoy MCQ
#Commerce #Insurance

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Whether credit can be availed without actual receipt of goods where goods are transferred through transfer of document of title before or during the movement of goods?
A Yes
B No
C Yes, in specific instances
D Can be availed only after transfer of document of title after movement of goods
Annual instalment towards depreciation reduces as rate of interest increases with
A sinking fund depreciation
B straight line depreciation
C reducing balances depreciation
D none of the above
Fill in the blank with appropriate word : She availed hereself ----the opportunity.
A for
B of
C with
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The rent of a guest house was Tk 50 per day for first three days Tk 100 per day for next 5 days and Tk 300 per day for other days. The registration fee in the beginning is Tk 50. If one has to pay Tk 1300, for how many days he availed of this facility ?
A 10
B 12
C 15
D 8
The cost of renting a small bus for a trip was Taka X which was to be shared equally by 16 persons . Actually 10 persons availed the trip. How much more Taka will be the cost per persons ?
A X/6
B X/10
C 3X/40
D x/16
The rent of a quest house if Tk. 50 per day for the first three days Tk. 100 per day for the next 5 days and Tk. 300 per day for to the days . The registration fee in the beginning in Tk. 50 . If one has to pay Tk. 1300 for how many days has her availed this facility?
A 1075
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During the revival of a lapsed policy, which of the below aspect is considered most significant by the insurance company? Choose the most appropriate option.
A Evidence of insurability at revival
B Revival of the policy leading to increase in risk for the insurance company
C Payment of unpaid premiums with interest
D Insured submitting the revival application within a specified time frame
When a medical report would be called at the time of revival?
A When the policy is in a lapsed condition for a long period
B If health problem is present
C If the sum assured is high
D All of the above
What is the way to revival a lapsed policy of life insurance?
A Ordinary revival
B Special Revival
C Instalment revival
D Any of the above
Which is the simplest form of revival?
A Ordinary revival
B Special Revival
C Instalment revival
D Any of the above

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