IC11 PRACTICE OF GENERAL INSURANCE EXAM - 16

Que. 1 : Q1) If Mr. Abhay's car collides with another car and the other car's driver gets injured, who will pay for the claims of the other driver ?

   1.  a) Mr, Abhay will have to pay

   2.  b) The other driver if if in uninsured

   3.  c) Third party insurance pool

   4.  d) Mr, Abhay's insurance company

Que. 2 : Q2) Annual gross profit Rs. 1, 20,000/- Calculate the sum insured under consequential loss (fire) policy for a period 9 months.

   1.  a) Rs. 60,000/-

   2.  b) Rs.90,000/-

   3.  c) Rs. 1,20,000/-

   4.  d) Rs. 1,80,000/-

Que. 3 : Q3) The sum insured under debris removal add-on cover cannot exceed _____% of the adjusted loss.

   1.  a) 5%

   2.  b) 10%

   3.  c) 15%

   4.  d) 20%

Que. 4 : Q4) Personal accident cover is only

   1.  a) Whilst travelling abroad

   2.  b) Whilst travelling in India

   3.  c) For travelling both in India and abroad

   4.  d) Whilst travelling in India and neighboring countries

Que. 5 : Q5) Constructive total loss in motor insurance arises when

   1.  a) The vehicle in stolen

   2.  b) The vehicle is a wreck

   3.  c) The vehicle is beyond repairs

   4.  d) The cost of repair exceeds 75% of IDV of vehicle