IC11 PRACTICE OF GENERAL INSURANCE EXAM - 09
| Q1.Motor vehicles are classified into _ major categories. |
| 1 |
| 2 |
| 3 |
| 4 |
| 5 |
| Q2.In whose name can the Special Declaration Policy NOT be issued? |
| Single name |
| Own name |
| Nominee name |
| Agents name |
| Joint names |
| Q3.There is an increase in burglaries due to ____. |
| Fall in the stock markets |
| Economic Depression |
| Non-education |
| Unemployment |
| Deflation |
| Q4.Premium and claims are shown in accounts on ____. |
| Actual basis |
| Gross basis |
| Net basis |
| Claim basis |
| Earned basis |
| Q5.Does ERF contribution form part of which act liability? |
| Public liability act |
| Insurance Act |
| Workmen Compensation Act |
| Motor Vehicle Act |
| Marine Insurance Act |
| Q6.For insurance companies, the acceptance of the proposal is done by __. |
| Actuaries |
| Agent |
| Underwriter |
| Insurance Executive |
| Policyholder |
| Q7.What is the amount of claim payable under franchise limit is 300 when the amount of loss is Rs 580/- |
| Rs 100 |
| Rs 300 |
| Rs 500 |
| Rs 580 |
| NIL |
| Q8.Which ratio should be regularly reviewed and reduced by an Insurance Company? |
| Profit to Earning ratio |
| Management Expense ratio |
| Turnover ratio |
| General Expense ratio |
| Expense ratio |
| Q9.Which insurance provides cover against the death of animals like cows, bulls, etc. within the geographical area? |
| Animal insurance |
| Cattle insurance |
| Farm insurance |
| Agricultural equipment insurance |
| Domestic Livestock insurance |
| Q10.The constitution of ____ was done as per the provisions of the Motor Vehicle Act. |
| MACT - Motor Accidents Claim Tribunal |
| FACT - Fatal Accidents Claim Tribunal |
| Motor Damages Act |
| Motor Vehicles Accident Act |
| Motor Tribunal Act |