IRDAI POSP General Practice Questions - IRDAI POSP General Insurance Exam (Point of Sale Person) Exam - IRDAI POSP General Practice Questions - IRDAI POSP General Insurance Exam (Point of Sale Person) Exam

Question 1

Risk transfer through pooling of similar exposures is best described as:

Insurance Savings Speculation Hedging with derivatives only

Correct Answer:

Insurance

Question 2

Which statement about insurance is correct?

Insurance prevents every loss from occurring Insurance pays when there is a covered loss of the insured asset or interest Insurance reduces the possibility of every peril to zero Insurance guarantees the asset will never be damaged

Correct Answer:

Insurance pays when there is a covered loss of the insured asset or interest

Question 3

Insurance is commonly explained as a method of sharing the losses of:

Many by a few One individual with another unrelated individual only A few by the many Governments only

Correct Answer:

A few by the many

Question 4

The consideration the proposer pays the insurer for bearing risk is called the:

Bonus Sum insured Claim Premium

Correct Answer:

Premium

Question 5

In insurance terminology, a 'peril' is best defined as:

The cause of loss (such as fire, flood, or theft) Any condition that increases loss severity The chance that a loss might occur The premium loading for moral hazard

Correct Answer:

The cause of loss (such as fire, flood, or theft)

Question 1

Exam overview

About this Exam

Prepare with the IRDAI POSP General Practice Questions - IRDAI POSP General Insurance Exam (Point of Sale Person) Exam practice quiz. This question bank includes 100 questions covering insurance, posp, material, health, and motor. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

More details

Additional Information

IRDAI POSP General Practice Questions - IRDAI POSP General Insurance Exam (Point of Sale Person) Exam

This practice set contains 100 questions from the matching question bank and focuses on insurance, posp, material, health, and motor. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

Quiz information

Frequently Asked Questions

The complete question count is available after full access is unlocked.

No fixed duration is currently configured for this quiz.

Question explanations are included where they are available in the quiz content, helping you review the reasoning after answering.

Yes. You can retake the practice test again as you continue studying during your available access period.

After your access is confirmed, you can continue into the complete practice exam from this quiz flow.

Unless explicitly stated otherwise, this page provides independent practice material for study and exam preparation and is not the official examination itself.

Keep studying

Correct Answer:

Correct Answer:

Correct Answer:

Correct Answer:

Correct Answer:

About this Exam

Additional Information

IRDAI POSP General Practice Questions - IRDAI POSP General Insurance Exam (Point of Sale Person) Exam

Frequently Asked Questions

Related Questions

3M Maintenance Person PQS 301 Practice Exam

4Point Business Practitioner Practice Exam

Arizona Health Insurance Practice Exam

Arizona Insurance Laws and Rules Practice Exam

75-Hour Broker Midpoint Practice Exam

Arizona Salesperson Practice Exam Prep