IC11 PRACTICE OF GENERAL INSURANCE EXAM - 11
Q1.What are the services given by a TPA under an agreement with an insurance company called? |
Insurance Services |
Financial services |
Banking services |
Agency services |
Health services |
Q2.Under what are dumpers and tippers insured? |
Heavy Vehicle |
Marine cargo |
Motor |
Marine hull |
Fire insurance |
Q3.__ is the last step in Risk Management which is to monitor the results produced by implementing the various techniques selected. |
Risk analysis |
Risk review |
Risk management |
Risk evaluation |
Risk identification |
Q4.For whom is the Janta Personal Accident (JPA) policy is specially designed? |
Rich sections of the society |
Weaker sections of the society |
All sections of the society |
For people living in villages |
For people living in cities |
Q5.A physical hazard is assessed on the basis of __. |
nature of product |
information is given in the form |
contract |
damages caused |
risks |
Q6.Under which act have the insurance agents to be licensed? |
RBI Act |
Insurance Act |
IRDAI Act |
GIC Act |
LIC Act |
Q7.A ___ is issued by the insurer one month in advance before the date of expiry. |
Cover Notes |
Policy Expiry letters |
Warning notice |
Renewal notice |
Declaration |
Q8 .Janta Personal Accident (JPA) policy contracts are for ____. |
The very short term basis |
Annual basis |
Long term basis |
Annual or Long term basis |
Schedule basis |
Q 9. The full form of IRDP is Integrated Rural Development Practice State True or False? |
(a) True |
(b) False |
Q10.The most common method of fixing premium rates is by classification of ___. |
Damages |
Risks |
Policy |
Loss |
Claims |