CUET-PG SERIES Commerce
Insurance Principles
2 previous year questions.
Volume: 2 Ques
Yield: Medium
High-Yield Trend
2
2025 Chapter Questions 2 MCQs
01
PYQ 2025
medium
commerce ID: cuet-pg-
Which of the following principles distinguishes an insurance contract from a wagering contract?
1
Causa Proxima
2
Indemnity
3
Insurable Interest
4
Subrogation
02
PYQ 2025
medium
commerce ID: cuet-pg-
Mr. A insures his house worth Rs. 10 crores with two insurers HDFC for Rs. 7.50 crores and Bajaj Allianz for Rs. 7.50 crores. The actual loss of house destroyed is Rs. 7 crores. Now, Mr. A can claim full loss of Rs. 7 crores either from HDFC or Bajaj Allianz or proportionately Rs. 3.5 crores from each of them.
Which principle of insurance is applicable in this situation?
1
Principle of Causa Proxima
2
Principle of Contribution
3
Principle of Subrogation
4
Principle of Uberrimae Fidei