IC11 PRACTICE OF GENERAL INSURANCE EXAM - 16
| Q1.What is the process called wherein the risk of damage by flooding is avoided by moving the factory to another safer site? |
| Risk evaluation |
| Risk avoidance |
| Risk detection |
| Risk control |
| Risk identification |
| Q2.On which basis are the reinsurance arrangements of the insurance companies decided upon? |
| Weekly basis |
| Quarterly basis |
| Half-yearly basis |
| Annual basis |
| Monthly basis |
| Q3.Motor vehicles are classified into _ major categories. |
| 1 |
| 2 |
| 3 |
| 4 |
| 5 |
| Q4.The Dumpers and tippers are insured under ___. |
| Motor |
| Fire insurance |
| Machinery breakdown |
| Marine cargo |
| Marine hull |
| Q5.The first phase of customer service comprises of ____. |
| Dealing with customers demand |
| Dealing with the problems of customers |
| Pre-sales service |
| Identification of customers need |
| Identification of customers |
| Q6.Proprietary concerns are owned by __. |
| Single individual |
| Group of individuals |
| The public |
| Board of directors |
| Body corporate |
| Q7.Damage to machinery or machine breakdown may result in business interruption and is termed as __. |
| Loss of finance |
| Loss of profit |
| Loss of personnel |
| Loss of legal liability |
| Losses of assets |
| Q8.The social scenario of __ has caused an increase in burglaries. |
| Deflation |
| Unemployment |
| Downfall in markets |
| Boom |
| Economic depression |
| Q9.In which year was the Employee's State Insurance Act enacted? |
| 1928 |
| 1938 |
| 1948 |
| 1953 |
| 1963 |
| Q10.What is the amount of claim payable under franchise limit is 400 when the amount of loss is Rs 580? |
| Rs. 400 |
| Rs. 580 |
| Rs 200 |
| Rs 290 |
| NIL |