IC11 PRACTICE OF GENERAL INSURANCE EXAM - 36
Que. 1 : Q1) What pattern does the procedure in respect of claims under various classes of insurance follow ?
1. a) Common Pattern
2. b) Special Pattern
3. c) Modular Pattern
4. d) Fixed Pattern
Que. 2 : Q2) Which among the following is not a function of insurance?
1. a) Risk mitigation
2. b) Risk transfer
3. c) Risk tracking
4. d) Risk reduction
Que. 3 : Q3) When there is fraudulent breach of utmost good faith the insurance contract becomes
1. a) Unenforceable in a Court of Law
2. b) Illegal
3. c) Void
4. d) Voidable
Que. 4 : Q4) The General insurance Corporation is also commonly known as ____________.
1. a) Government Re-insurer
2. b) Trusted reinsurer
3. c) Reinsurer
4. d) National reinsurer
Que. 5 : Q5) What is TAT?
1. a) Time and Turn
2. b) Till a Time
3. c) Time and Tide
4. d) Turnaround Time