IC11 - LICENTIATE - Practice Of General Insurance 49

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Q 1. Which of the following is excluded under the deterioration of stocks add-on cover to the fire policy

a) Act of government

b) Act of municipal authority

c) Rationing, etc. of power supply

d) None of the above
 
Q 2. State Commission has jurisdiction to

a) entertain complaints where the value of the goods or services and compensation, if any, claimed exceeds Rs 20 lacs but does not exceed Rs1 crore

b) consider appeals against the orders of any District Forum within the State

c) call for records and pass appropriate orders

d) Implement all the above
 
Q 3. The provision of percentage in investment in approved investments like infrastructure and social sector should not be less than __________.

a) 5

b) 10

c) 15

d) 20
 
Q 4. In Respect of Goods insured under marine cargo policy that safely landed but subsequently missing, the responsibility for the loss lies with

a) Shipping company

b) Railways

c) Road carriers

d) Port trust authorities
 
Q 5. ______________ 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 6. When we look at claims trends We look at several factors. Some of these are listed below. Which factor is not to be considered from this list?

a) Inflation

b) Technology

c) Legal Charges

d) Exposures
 
Q 7. For which of the following features, no discount is granted for premium rates for Poultry insurance?

a) Farms in rural areas

b) Farms having a resident veterinary doctor

c) Farms having dead bird disposal system

d) Farms having a standard layout
 
Q 8. Which of the following types of insurance is dissimilar to the other four options?

a) Builders

b) Hut Insurance

c) Crop insurance

d) Livestock insurance
 
Q 9. Which of the following is not a rating factor for Own Damage Cover for Taxies?

a) Age of vehicle

b) Cubic Capacity

c) Geographical zone

d) Insureds declared value of the vehicle
 
Q 10. Under the private car package policy, the rate of depreciation for all parts made of glass is

a) 20%

b) 30%

c) 50%

d) Nil
 
Q 11. Earthquake is an example of:

a) Catastrophic risk

b) Dynamic risk

c) Marginal risk

d) Speculative risk
 
Q 12. The amount of relief payable under the Public Liability Insurance Act, 1991 for Accidents is

a) Rs. 10,000

b) Rs. 12,500

c) Rs. 25,000/-

d) Rs.50,000
 
Q 13. Q13) Under personal accident cover for owner-driver the capital sum insured for two-wheelers is

a) Rs. 25,000/-

b) Rs. 50,000/-

c) Rs.100,000/-

d) Rs. 2,00,000/-
 
Q 14. Which of the following is covered under maternity benefit extension?

a) Pre-natal expenses

b) Post-natal expenses

c) Expenses for voluntary medical termination of pregnancy

d) None is covered
 
Q 15. Which of the following contingencies is not covered under personal accident insurance?

a) Permanent Total Disablement

b) Permanent Partial Disablement

c) Temporary Partial Disablement

d) Temporary Total Disablement


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