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Which statement best explains General insurance?

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Question ID #26090 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Insurance Sectional Test 2026 Medium

Which statement best explains General insurance?

Correct Answer: B. Non-life insurance such as motor, fire, marine and health categories
General insurance: Non-life insurance such as motor, fire, marine and health categories

Question: Which statement best explains General insurance?

A. Dominant effective cause used to determine whether a loss falls within policy coverage

B. Non-life insurance such as motor, fire, marine and health categories

C. Entity that undertakes insurance risk

D. Risk-transfer arrangement under which an insurer provides financial protection in return for premium

Correct Answer: B. Non-life insurance such as motor, fire, marine and health categoriesGeneral insurance: Non-life insurance such as motor, fire, marine and health categories

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Which statement best explains General insurance? - MCQ Explanation

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Correct answer: B. Non-life insurance such as motor, fire, marine and health categories