Reinsurance Markets MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Reinsurance Markets, a fundamental topic in the field of IC85 Reinsurance Management. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Reinsurance Markets MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Reinsurance Markets mcq questions that explore various aspects of Reinsurance Markets problems. Each MCQ is crafted to challenge your understanding of Reinsurance Markets principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace IC85 Reinsurance Management tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Reinsurance Markets MCQs are your pathway to success in mastering this essential IC85 Reinsurance Management topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Reinsurance Markets. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

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Discuss
Answer: (d).Reduced exposure to high-risk perils Explanation:Pools may be attractive for smaller companies with little or no reinsurance expertise, indicating that participating in pools can help reduce their exposure to high-risk perils they may not be equipped to handle.
Q72.
In which decade were reinsurance companies formed in less developed territories and socialist states?
Discuss
Answer: (a).1920s Explanation:Reinsurance companies were formed particularly in the 1920s in less developed territories and socialist states.
Q73.
Which country had a reinsurance monopoly formed in 1972?
Discuss
Answer: (d).Chile Explanation:A reinsurance monopoly was formed in Chile in 1972.
Q74.
After the Second World War, which international organization advised developing countries to set up state corporations?
Discuss
Answer: (d).United Nations Conference on Trade and Development (UNCTAD) Explanation:After the Second World War, UNCTAD advised developing countries to set up state corporations.
Discuss
Answer: (b).To control and direct the activities of the local market Explanation:State reinsurance organizations have emerged as a means of controlling and directing the activities of the local market.
Q76.
Which organization has been actively promoting free trade in services?
Discuss
Answer: (c).World Trade Organisation (WTO) Explanation:The World Trade Organisation (WTO) has been actively promoting free trade in services.
Discuss
Answer: (a).Promoting expanding market opportunities Explanation:Promoting expanding market opportunities is an important objective of the WTO.
Q78.
When was the IRDA Bill enacted in India?
Discuss
Answer: (a).December 1999 Explanation:India enacted the IRDA Bill in December 1999.
Q79.
Which global organization assists governments in setting up and operating catastrophe insurance programs?
Discuss
Answer: (c).World Bank Explanation:The World Bank assists governments in setting up and operating catastrophe insurance programs.
Q80.
What was the World Bank's assistance to Turkey after the severe earthquake in 1999?
Discuss
Answer: (c).Set up an earthquake insurance pool Explanation:After the severe earthquake in Turkey in 1999, the World Bank assisted the government in setting up a pool to insure the risk of earthquake in Turkey.