IC11 PRACTICE OF GENERAL INSURANCE EXAM - 25

Que. 1 : Q1) Personal health insurance, home insurance etc are examples of_________________.

   1.  a) Wholesale insurance

   2.  b) Retail insurance

   3.  c) Hull insurance

   4.  d) Corporate insurance

Que. 2 : Q2) A person house catches fire and most of the furniture is damaged. The cost of replacing this furniture is Rs.300000. He convinces a furniture dealer to provide a cash memo of Rs 500000. What situation is this ?

   1.  a) Under insurance

   2.  b) Over insurance

   3.  c) Claims fraud

   4.  d) Deductible

Que. 3 : Q3) Which of the following documents is not required under particular average claims?

   1.  a) Policy

   2.  b) Bill of lading

   3.  c) Survey report

   4.  d) General average statement

Que. 4 : Q4) Independent surveyors are required for claims above_______ as per the Insurance Act.

   1.  a) 40000

   2.  b) 15000

   3.  c) 20000

   4.  d) 25000

Que. 5 : Q5) Employees Compensation Policy is a type of

   1.  a) Liability Insurance

   2.  b) Fire Insurance

   3.  c) Marine Cargo Insurance

   4.  d) Engineering Insurance