IC11 PRACTICE OF GENERAL INSURANCE EXAM - 12
Que. 1 : Q1) All insurers have to prepare what type of account ?
1. a) Reconciliation statement
2. b) Company register
3. c) Income & Expense statement
4. d) Balance sheet
Que. 2 : Q2) Under public liability policy for industrial risks, which of the following cannot be covered at extra premium?
1. a) Pollution
2. b) Earthquake
3. c) Transportation of hazardous substances
4. d) Fines and penalties
Que. 3 : Q3) A factory building is insured for Rs.50 lakhs and the plant & machinery for Rs.25 lakhs. The actual value should be Rs.100 lakhs for building and Rs.60 lakhs for the plant 8. machinery. In a fire the building suffers a loss of Rs. 10 lakhs and the plant & machinery of Rs.20 lakhs. What will the insurer pay?
1. a) Rs, 14.33 lakhs
2. b) Rs, 13.33 lakhs
3. c) Rs, 17.26 lakhs
4. d) Rs, 30 lakhs
Que. 4 : Q4) Which of the following statements is True? (1) Terrorism is included in riot, strike and malicious damage. (2) Terrorism is a separate cover at extra premium without riot, strike and malicious damage.
1. a) Statement 1 is True
2. b) Statement 2 is True
3. c) Both are true
4. d) Both are false
Que. 5 : Q5) The amount of relief fixed under the Compulsory Public Liability policy in case of permanent partial disablement is ___________.
1. a) Rs 11000
2. b) Rs 11500
3. c) Rs 12500
4. d) Rs 17500