IC11 PRACTICE OF GENERAL INSURANCE EXAM - 13
Q1.The Janta Personal Accident (JPA) policy is specifically designed for__. |
Higher sections of the society |
Weaker sections of the society |
All sections of the society |
Common sections of the society |
Public sections of the society |
Q2.If the insurer is not interested in the renewal of the policy, it has to give ____. |
Actual notice |
Meeting notice |
Prior notice |
Public notice |
Expired notice |
Q3.When the Money transit insurance is renewed, the premium is calculated on the basis of ___. |
Only money |
Money in transit |
The actual money in transit |
Insurance policy |
Contract basis |
Q4.The cargo clause comes under the category of ____. |
Sec A B C |
Sec 1 |
Sec 3 |
Sec B D S |
Sec B C D |
Q5.Concentrated efforts should be made by the insurance companies to review and reduce the ____. |
Normal expenses ratio |
Fluctuating expenses ratio |
Management expenses ratio |
General expenses ratio |
Expenses ratio |
Q6.The full form of ALOP is ___. |
Advance loss of property |
Advance loss of penalty |
Advance loss of policy |
Advance Loss of profits |
Advance loss of pension |
Q7.A Certificate of Insurance is issued in addition to the policy in motor insurance. This is required by ___. |
General Insurance act |
Consumer act |
Property Insurance act |
LIC act |
Motor Vehicles act |
Q8.Some risks are considered as extra hazardous and are therefore declined. These are called ___. |
Speculative Risk |
Damage risk |
Declined risk |
Hazardous risk |
Destruction risk |
Q9.Traders can suffer losses by reason of insolvency of or protracted default in payment on the part of __. |
Sellers |
Vendors |
Consumers |
Buyers |
Suppliers |
Q10.Which authority can intervene in the affairs of an insurer? |
Any legal regulatory body |
IRDAI |
Central Government |
Policyholder |
State Government |