IC11 PRACTICE OF GENERAL INSURANCE EXAM - 05

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Que. 1 : Q1) Indemnity under public liability policy does NOT cover_______________.

   1.  a) costs towards repair

   2.  b) costs arising out of any product guarantee

   3.  c) for costs arising out of recall of products

   4.  d) for injury damage

Que. 2 : Q2) Which is the most appropriate insurance cover for contingent losses like cancellation, loss of reputation, loss of gate money and advertisement etc. ?

   1.  a) Cyber Risks

       2.  b) Event Cancellation

   3.  c) Standard Fire burglary & Liability

   4.  d) Standard Fire & LOP

Que. 3 : Q3) The state commission deals With the complaints where value of goods and services exceeds

   1.  a) Rs. 20 lac but does not exceed Rs. 50 lac .

   2.  b) Rs. 20 lac but does not exceed Rs. 75 lac.

   3.  c) Rs. 20 lac but does not exceed Rs. 1 crore

   4.  d) no such limit is fixed.

Que. 4 : Q4) The renewal receipt can also be issued by _________.

   1.  a) Specifying the discount in premium

   2.  b) Acknowledging receipt of renewal premium

   3.  c) Specifying the term of the further period insurance

   4.  d) Analysis of the clause of insurance

Que. 5 : Q5) Which of the following statements is True? Domiciliary hospitalization benefit does not include (1) Pre- hospitalization treatment (2) Post -Hospitalization treatment

   1.  a) Statement 1 is True

   2.  b) Statement 2 is True

   3.  c) Both are true

   4.  d) Both are false