New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

     ___________ type of bond guarantees a form of

    insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts.
    A Fidelity Bond Correct Answer Incorrect Answer
    B Financial Institution Bond Correct Answer Incorrect Answer
    C Commercial Crime Policy Correct Answer Incorrect Answer
    D Employee Dishonesty Bond Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    A fidelity bond or fidelity guarantee is a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals or parties. It usually insures a business for losses caused by the dishonest acts of its employees.

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