IC11 PRACTICE OF GENERAL INSURANCE EXAM - 09

Que. 1 : Q1) Which of the following is True under standard fire and special perils policy? (1) Pollution which itself results from pollution is covered. (2) Insured peril itself results from pollution is covered

   1.  a) Statement 1 is True

   2.  b) Statement 2 is True

   3.  c) Both are true

   4.  d) Both are false

Que. 2 : Q2) _____________ decides whether to accept or not to accept the risk.

   1.  a) Assured

   2.  b) Underwriter

   3.  c) Agent

   4.  d) Surveyor

Que. 3 : Q3) For some reason, the insurers do not want to renew a policy. Which notice has to be given to the policy holder ?

   1.  a) Cancellation notice

   2.  b) Public notice

   3.  c) Expired notice

   4.  d) Prior notice

Que. 4 : Q4) For whom is the Janta Personal Accident (JPA) policy is specially designed for ?

   1.  a) Rich sections of the society

   2.  b) Weaker sections of the society

   3.  c) All sections of the society

   4.  d) For people living in villages

Que. 5 : Q5) Pure Premium is defined as____________________.

   1.  a) Total premium divided by the number of exposure units

   2.  b) Total premium divided by the total claims

   3.  c) Total amount of claims divided by premium

   4.  d) Total amount of claims incurred per year divided by the number of exposure units