IC72 MOTOR INSURANCE EXAM - 11

Que. 1 : Q1) Fixing of IDV for obsolete model of the vehicle based on the

   1.  a) Percentage of depreciation according to age of vehicle

   2.  b) eclared by the owner of the vehicle

   3.  c) On market vehicle subject to the depreciation of the vehicle

   4.  d) understanding between the insured and the insurer

Que. 2 : Q2) Which of the following statement is correct?  a) Only statement A is correct b) Only statement B is correct c) A & B correct  d) None 3
Statement A: As per section 163 A of Motor Vehicle Act Second Schedule multiplier is 5-16 and age of the deceased ranges from upto to 15 years to Above 65 years.     
Statement B: As per Sarla Verma’s Case, 5-18 being multiplier & age upto 15 years to above 65 years.    

   1.  a) Only statement A is correct

   2.  b) Only statement B is correct

   3.  c) A & B correct

   4.  d) None

Que. 3 : Q3) In case of private cars, earlier, driving license used to be valid upto twenty years till a person attains age of ___________.

   1.  a) 20 years

   2.  b) 30 years

   3.  c) 40 years

   4.  d) 50 years

Que. 4 : Q4) Section 140 of the Motor Vehicles Act 1988 provides for liability of the owner of the Motor Vehicles to pay compensation in certain cases on the principle of No Fault. How much compensation is payable for Death in such cases?

   1.  a) Rs 10,000

   2.  b) Rs 25,000

   3.  c) Rs 50,000

   4.  d) Rs 1,00,000

Que. 5 : Q5) The information regarding change of number of Engine &/ or Chassis when duly endorsed on registration certificate a new Certificate of Insurance is issued on remittance of __________.

   1.  a) Rs.50/-

   2.  b) Rs.100/-

   3.  c) Rs.250/-

   4.  d) Rs.500/-