IC11 - LICENTIATE - Practice Of General Insurance 21

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Q 1. Which of these options is dissimilar in personal accident insurance?

a) On duty

b) Off-duty

c) 24 hours hospitalisation

d) India
 
Q 2. Which of the following terms matches closest with Composite Policy?

a) Shopkeepers

b) Jonathan's Personal Accident insurance

c) Critical Care Health insurance

d) Electronic Equipment Insurance
 
Q 3. Which of them falls under extraneous Risks?

a) Freshwater damage

b) Breakage

c) Leakage

d) All of the above
 
Q 4. For which of the following diseases, a medical certificate from a consulting physician is required to be submitted along with the proposal form?

a) Diabetes

b) Hypertension

c) Coronary insufficiency

d) All of the above
 
Q 5. Which of the statements is True or false under fire insurance? (1) Escalation clause applies to building and machinery only. (2) The escalation clause applies to fluctuating stocks.

a) Statement 1 is True

b) Statement 2 is True

c) Both are true

d) Both are false
 
Q 6. Which of the following statements is True? (1) Elephants used for commercial purposes are covered. (2) Elephants used for religious purposes are covered.

a) Statement 1 is True

b) Statement 2 is True

c) Both on true

d) Both on false
 
Q 7. ______________ is not an example of risk.

a) Damage to car due to accident

b) Damage of cargo due to rainwater

c) Damage to car tire due to wear and tear

d) Damage to property due to fire
 
Q 8. Which of the following risks can be added to ICC (b) clauses on payment of extra premium?

a) Theft

b) Pilferage

c) Non-delivery

d) All of the above
 
Q 9. Fluctuation Reserves are classified under the heading

a) Accounting reserves

b) Technical Reserves

c) Unexpired Premium

d) Asset Liability reserves
 
Q 10. In Motor Insurance, 'Form A' covers_____________.

a) Act Liability only

b) Act Liability and Own Damage Losses

c) Own damage losses only

d) Third-party losses only
 
Q 11. Which of the following pools is not managed by GIC?

a) Third-Party Motor Pool

b) Terrorism Pool

c) Fire Catastrophe Pool

d) Marine Hull Pool
 
Q 12. What does the insurer incorporate to reduce physical hazards?

a) Appropriate rules

b) Appropriate agreements

c) Appropriate contracts

d) Appropriate clauses
 
Q 13. Q13) Under the personal Accident section Overseas Medical policy which of the following is not covered?

a) Death

b) Permanent total disablement

c) Permanent partial disablement

d) Loss of eye (s
 
Q 14. Under Bankers Blanket policies________are covered

a) Money and office contents

b) Securities and office contents

c) Only office contents

d) Money and Securities
 
Q 15. Risk, Strike, and Malicious Damage cover(RSMD) is associated with _________.

a) aviation cover

b) marine hull insurance

c) terrorism cover

d) earthquake cover


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