CUET PG PYQs for Insurance Law and Accounts with Solutions: Practice CUET PG Previous Year Questions

Content Writer | Journalism Graduate | Updated 3+ months ago

Insurance Law and Accounts is an important topic in the Commerce section in CUET PG exam. Practising this topic will increase your score overall and make your conceptual grip on CUET PG exam stronger.

This article gives you a full set of CUET PG PYQs for Insurance Law and Accounts with explanations for effective preparation. Practice of CUET PG Commerce PYQs including Insurance Law and Accounts questions regularly will improve accuracy, speed, and confidence in the CUET PG 2026 exam.

CUET PG PYQs for Insurance Law and Accounts with Solutions

1.
Arrange the following incidents in order of their occurrence (First to Last):
(A) Establishment of LIC
(B) Establishment of IRDA
(C) The Insurance Act
(D) FDI in Insurance Sector in India
Choose the correct answer from the options given below:
- (A), (B), (C), (D)
- (C), (A), (B), (D)
- (D), (A), (B), (C)
- (C), (B), (D), (A)
View Solution
2.
In reference to fire insurance following facts are given. Identify the correct statements.
(A) Fire insurance is a comprehensive policy which covers loss on account of fire, earthquake, riots, floods, strikes and malicious intent.
(B) Fire Insurance can be taken only by the owner of the premises to be insured.
(C) A tenant cannot insure rented premises but he can insure the contents of the premises.
(D) Fire insurance is compulsory if your house/flat is financed by a bank or any other financial institution.
Choose the correct answer from the options given below:
- (A), (B) and (D) only
- (A), (B) and (C) only
- (A), (B), (C) and (D)
- (B), (C) and (D) only
View Solution
3.
An insurance contract is based on some basic principles of insurance, which of the following is against those principles?
- Principle of utmost good faith
- Principle of insurer interest
- Principle of causa proxima
- Principle of indemnity
View Solution