IC72 MOTOR INSURANCE EXAM - 06
| Q1.___ is not covered under roadside assistance service. |
| Fuel supply |
| Minor repairs |
| Towing services in case of riots |
| Battery jump start |
| Message relay |
| Q2.What is the status of motor insurance being compulsory in India? |
| Motor insurance is compulsory in India |
| Motor insurance is not compulsory in India |
| Motor insurance is voluntary in India |
| Motor insurance is compulsory only for private motor vehicles |
| Motor insurance is compulsory only for commercial motor vehicles |
| Q3.Identify the norms which should be followed for an effective investigation? 1. Investigator has to collect the details of the offending vehicle, the owner of the vehicle, the driver at the time of the accident, details of insurance, RC particulars, etc. so that fraud can be detected at an early stage 2. The investigator has to visit the place of accident to ascertain the place/details of accident/victims etc. 3. The investigator has to collect the information in relation to victims and claimants should be ascertained from the residence/dwellings of the victims/claimants and from the neighbor of this person |
| Only 2 |
| Only 1 and 2 |
| Only 2 and 3 |
| Only 1 and 3 |
| All 1, 2 and 3 |
| Q4.Describe the principle of ‘No Fault’? |
| The claimant needs to be at no fault in all cases |
| The claimant need not prove negligence on part of the motorist. Liability is automatic |
| The claimant needs to get a statement from traffic police certifying that he is at no fault. Liability is automatic |
| The claimant need not prove negligence on part of the motorist. Liability arises once it is established |
| None of the above |
| Q5.Section 163A of the Motor vehicle Act was enacted for grant of immediate relief to a section of the people whose annual income is not more than ____. |
| Rs. 40000 |
| Rs. 50000 |
| Rs. 75000 |
| Rs. 100000 |
| Rs. 200000 |
| Q6.What is meant by NO CLAIM BONUS? |
| It is a discount on premium of the Own Damage portion of vehicle when a policy is renewed, subject to the insured has not made any claim during the last policy period of one year |
| It increase the cover provided by an insurance company when a policy is renewed, provided the insured has not made any claim during the last policy period of one year |
| It is a discount on the premium of the Own Damage portion of vehicle when a policy is renewed for five or more vehicles |
| It is a discount on premium of the Own Damage portion and third party cover of the vehicle when a policy is renewed, subject to insured has not made any claim during the last policy period of one year |
| None of the above |
| Q7.The claimant is not entitled to receive the compensation awarded on the basis of negligence in which of the following case(s)? 1. When the 'No-fault liability is less than the compensation payable on basis of fault 2. When the 'No-fault liability is more than the compensation payable on basis of fault 3. When the 'No-fault liability is equal to the compensation payable on basis of fault |
| Only 2 |
| Only 2 and 3 |
| Only 1 and 3 |
| Only 1 and 2 |
| All 1, 2 and 3 |
| Q8.The time limit for depositing the compensation amount payable by the insurance company under no Fault Liability is ___. |
| 30 days |
| 45 days |
| 90 days |
| 120 days |
| 180 days |
| Q 9.With respect to 'liabilities of motor insurance, which of these statements is true? |
| The insurers are liable if an insured peril is the proximate cause of loss |
| The insurers are liable provided an insured peril is not the proximate cause of loss |
| The insurers are liable if proximate cause is an uninsured peril |
| The insurers are liable if proximate cause is an expected peril |
| The insurers are liable if an insured peril is only the remote cause of the loss |
| Q10.One needs to obtain a permit for ____. 1. Private cars 2. Transport vehicles 3. Vehicles of Central Government |
| Only 1 |
| Only 2 |
| Only 2 and 3 |
| Only 1 and 3 |
| All 1, 2 and 3 |