IC72 MOTOR INSURANCE EXAM - 10
| Q1.Which legislation governs the Ombudsman appointed by the Governing Body of Insurance Council? |
| Indian Contract Act |
| Consumer Protection Act 1986 |
| Motor Vehicle Act 1988 |
| Competition Act |
| Redressal of Public Grievance Rules 1998 |
| Q2.Which type of test(s) is/are carried out during the manufacture of the Tank? 1. Stress relieving tests 2. Ultrasonic tests 3. X-Ray radiography tests |
| Only 3 |
| Only 2 and 3 |
| Only 1 and 2 |
| Only 1 and 3 |
| All 1, 2 and 3 |
| Q3.As per Schedule 2 for compensation under Section 163 A of the MV Act 1988, as per the Multiplier Method, the multiplier to be applied will be highest for which age group? |
| Up to 15 years |
| Above 65 years |
| 26 to 30 years |
| 21 to 25 years |
| 56 to 60 years |
| Q4.A 'Package Policy' covers ____ . 1. Third-party liability in case of death 2. Damage to a vehicle insured 3. Third-party liability for bodily injuries |
| Only 2 |
| Only 1 and 3 |
| Only 1 and 2 |
| Only 2 and 3 |
| All 1, 2 and 3 |
| Q5.Identify the correct statement(s) with respect to Road Side Assistance. 1. The Roadside assistance service comes as a default add-on for every motor insurance policy issued in India 2. A maximum of 4 times would be allowed related to the services opted under roadside assistance 3. Roadside assistance has to be mandatorily be provided by the insurer to the insured |
| Only 1 |
| Only 2 |
| Only 3 |
| Both 1 and 2 only |
| Both 2 and 3 only |
| Q6.Which are the three broad classifications of Motor Vehicles for the purpose of insurance? |
| Private cars, Motorcycles, and Commercial vehicles |
| Motorcycles, Private cars, and Rickshaws |
| Bicycles, Motorcycles, and Rickshaws |
| Private cars, Motorcycles, and Tricycles |
| Commercial vehicles, Private cars, and Bicycles |
| Q7.What is Cash Less insurance? |
| Its an agreement by the insurers with preferred garages to repair the damaged insured vehicles by charging both for the inadmissible costs and admissible costs both of which paid by the insurance company directly to the repairer |
| Its an agreement by the insurers with preferred garages to repair the damaged insured vehicles by charging for the inadmissible costs only and admissible claim costs are paid by the insurance company directly to the repairer |
| Its an agreement by the insurers with preferred garages to repair the damaged insured vehicles by charging for the inadmissible costs only and admissible claim costs are paid by the insurance company directly to the repairer from the Solatium Fund |
| Its an agreement by the insurers with preferred garages to repair the damaged insured vehicles by bearing on their own by the owner the inadmissible costs and admissible costs both of which paid by the insurance company directly to the repairer |
| None of the above |
| Q8.Generally, issues are framed on the material proposition of fact or law ____ by one party and ___ by the other party. |
| discussed, supported |
| denied, accepted |
| denied, honoured |
| honored, substituted |
| averred, denied |
| Q9.A student slipped on the road and fractured his ankle bone due to which he had to miss a year in his college. He has submitted some claims for the damages. Which of these will be payable by the insurer? 1. Pain and suffering compensation 2. Loss of dependency 3. Loss of academic year in college |
| Only 2 |
| Only 3 |
| Only 1 and 2 |
| Only 1 and 3 |
| All 1, 2 and 3 |
| Q10.Who first hears all the first appeals under the motor claims? |
| Single Bench |
| Single Judge |
| Single Attorney |
| Division Judge |
| Division Bench |