IC72 MOTOR INSURANCE EXAM - 16
| Q1.Three basic principles govern the determination of compensation in injury disablement claims. In case of grave injury, wherein the brain suffers massive impairment, it is difficult to arrive at a fair compensation in terms of money. The __ envisages that the award must basically be a 'conventional figure' derived from experience. |
| Principle of Predictability |
| Principle of Uniformity |
| Principle of Assessability |
| Principle of Compensation |
| None of the above |
| Q2.__ test is used to measure the thickness of sheets in tankers. |
| Hydro test |
| X-ray radiography test |
| Ultrasonic test |
| Stress-relieving test |
| All of the above |
| Q3.In India, motor insurance has to be compulsorily taken as per Section __ of the Motor Vehicles Act 1988. |
| 110 |
| 125 |
| 138 |
| 146 |
| 160 |
| Q4.The Claim Settlement process has __ phases. |
| 3 |
| 4 |
| 5 |
| 6 |
| 7 |
| Q5.Which of these statements is/are correct? 1. When the Engine number and Chassis number are changed, a fresh Certificate of Registration has to be obtained 2. When the Engine number and Chassis number are changed, this has to be informed to the insurer immediately 3. When a fresh Certificate of Registration is required to be issued, Rs. 100 has to be paid to the insurer for it |
| Only 1 |
| Only 3 |
| Only 1 and 2 |
| Only 2 and 3 |
| All 1,2 and 3 |
| Q 6. What is the 'Roadside Assistance Service' provided under a motor insurance policy? |
| Roadside assistance service is a service that provides necessary tracking and GPS services to the insured |
| Roadside assistance service is a service that provides necessary help in case when the insured is met with an accident |
| Roadside assistance service is a service that provides snacks and beverages to insured at different points of their journey |
| Roadside assistance service is a service that provides necessary resting points for the insured drivers and passengers |
| Roadside assistance service is a service that provides help in case an insured is stranded on the road when his car breaks down |
| Q7.Motor Accidents Claims Tribunal (MACT) as per MV Act 1988 has which of the following powers? 1. It shall have the powers of a Civil Court for the purpose of taking evidence and enforcing the attendance of witness 2. It can recall and re-examine the witness 3. It can in the exercise of its own decision grant adjournment |
| Only 1 |
| Only 2 |
| Only 2 and 3 |
| Only 1 and 3 |
| All 1,2 and 3 |
| Q8.Amit Kulkarni wants to apply for a temporary permit to take his cab outside his State. Identify the conditions which are applicable to obtain the permit? 1. The cab should have a seating capacity of five 2. The cab should be of white color 3. He should have an office having a telephone at suitable tourist booking place 4. He should be running the business for at least last 3 years |
| Only 2, 3 and 4 |
| Only 3 and 4 |
| Only 1, 2 and 3 |
| Only 1 and 2 |
| All 1, 2, 3 and 4 |
| Q9.____ fraud(s) will fall under the category of 'Conversion of Non-Road Traffic Accidents'? 1. A person falls from a tree and receives injury shown as road accident 2. Murder / Suicide/natural Death converted into road accident by way of staging false accident 3. Medical bills which are bogus or inflated |
| Only 1 |
| Only 3 |
| Both 1 and 2 |
| Both 2 and 3 |
| All 1, 2 and 3 |
| Q10.Which of these statements are true with respect to NO CLAIM BONUS? 1. NCB is calculated on own damage and third party liabilities both 2. Will be due after the expiry of the full duration of 12 months 3. Will be due only on renewal of the policy |
| Only 1 |
| Only 2 |
| Only 1 and 2 |
| Only 2 and 3 |
| All 1, 2 and 3 |