IC11 PRACTICE OF GENERAL INSURANCE EXAM - 38

Que. 1 : Q1) ________ is not covered under satellite insurance.

   1.  a) Pre Launch insurance

   2.  b) Personal Accident cover for the crew

   3.  c) Orbit insurance

   4.  d) Third party liability

Que. 2 : Q2) Which of the following can be covered under money-in-transit policy at extra premium? ((1) Dishonesty of persons carrying the cash ((2) Loss of wages on premises during payment to employees

   1.  a) Statement 1 is True

   2.  b) Statement 2 is True

   3.  c) Both can be covered

   4.  d) Neither can be covered

Que. 3 : Q3) ILU stands for ____________.

   1.  a) Institute of London universities

   2.  b) Institute of London underwriters

   3.  c) Institute of London undertakers

   4.  d) Institute of London UNICEF

Que. 4 : Q4) A company insured its property assuming for full value as Rs 10,00,000]=. In an event of claim, it was realized that the original value of the property was Rs 12,50,000/=. The claim amount was Rs 2,00,000/= Will any claim be paid and if yes, what will be the amount

   1.  a) No claim will be paid due to misrepresentation of fact

   2.  b) Yes it will be paid, Rs 2,00,000

   3.  c) Yes it will be paid, Rs 40,000

   4.  d) Yes it will be paid, Rs 1,60,000

Que. 5 : Q5) The process of insuring losses for an entire class, territory , or book of business is known as

   1.  a) treaty reinsurance

   2.  b) portfolio reinsurance

   3.  c) facultative reinsurance

   4.  d) proportional reinsurance