IC72 MOTOR INSURANCE EXAM - 14
| Q1.The intentional perversion of truth in order to induce another person to part with something of value is known as ____. |
| Forgery |
| Fraud |
| Dishonesty |
| Manipulation |
| Fabrication |
| Q2.____ of compensation payment in motor insurance is also referred to as the Lord Wrights Formula. |
| Actuarial method valuation |
| Just compensation method |
| Multiplier method |
| Projected unit credit method |
| Structured Compensation method |
| Q3.A permit has to be taken for ____. 1. Private cars 2. Transport vehicles 3. Vehicles of Central Government |
| Only 1 |
| Only 2 |
| Only 1 and 3 |
| Only 2 and 3 |
| All 1,2 and 3 |
| Q4.The assessment for the damages is made under which of the following permitted categories for 'Loss of income during the period of treatment'? 1. Future unhappiness and loss of amenities 2. Actual or notional wages or salary for the period of treatment 3. Future medical expenses |
| Only 1 |
| Only 3 |
| Only 1 and 2 |
| Only 1 and 3 |
| All 1,2 and 3 |
| Q5.X-Ray Radiography' test conducted on tankers ____. |
| To measure the accurate thickness of sheets |
| To test the quality of welding at butt welded joints |
| To test the pressure withstanding capacity of the tanker |
| To test the durability of its colors |
| To test against hardening carried out in hot oil |
| Q6.Some types of non-life insurers are not allowed to participate in the pooling of risk of third-party covers. Identify- 1. Health Insurers 2. Motor Insurers 3. Re-insurers |
| Only 1 |
| Only 2 |
| Only 3 |
| Both 1 and 3 |
| All 1,2 and 3 |
| Q7.In the event of the death of the insured, the policy will remain valid for ____ from the death or until the expiry of the policy, which ever happens earlier. |
| one month |
| three months |
| six months |
| eight months |
| nine months |
| Q8.Where a person is injured without any negligence on his part but as a result of the combined effect of the negligence of two other people, it is the case of injury by ___. |
| Contributory negligence |
| Combined negligence |
| Composite negligence |
| Complimentary negligence |
| Crowd negligence |
| Q9.A blood alcohol content of ___ or higher is considered a per se case of driving while intoxicated. |
| 0.008 grams per deciliter |
| 0.08 grams per deciliter |
| 0.8 grams per deciliter |
| 8 grams per deciliter |
| 80 grams per deciliter |
| Q10.Under Section 169(2) of the MV Act 1988, MACT will have all the powers of a __ for the purpose of taking evidence, enforcing the attendance of witnesses, and compelling the discovery and production of documents, etc. |
| District Court |
| District Forum |
| Civil Court |
| High Court |
| Small cases court |