IC72 MOTOR INSURANCE EXAM - 22

Que. 1 : Q1) Which of the below statement is correct?

   1.  a) Grant of interest under Section 171 of the Motor Vehicles Act, 1988 is discretionary

   2.  b) Grant of interest under Section 171 of the Motor Vehicles Act, 1988 is not discretionary

   3.  c) Grant of interest (above 5%) under Section 171 of the Motor Vehicles Act, 1988 is discretionary

   4.  d) Grant of interest (above inflation rate) under Section 171 of the Motor Vehicles Act, 1988 is discretionary

Que. 2 : Q2) In WC award- Appeal can be filed for substantial Question after :

   1.  a) Payment of Award

   2.  b) Before the payment of Award

   3.  c) After deposition of 50% of award

   4.  d) None of the above

Que. 3 : Q3) Mr. Abhishek Bachchan has imported a Hummer and has not yet paid the import duty. He wants to insure the car with one of the Indian insurers. Choose the correct option.

   1.  a) Cannot be given Insurance cover

   2.  b) Can be covered on payment of import duty later on

   3.  c) Can be covered with additional premium of 30%

   4.  d) Can be covered with additional premium of 50%

Que. 4 : Q4) Which of the following covers are available under Section 1 of a motor vehicle policy? i) Fire, Explosion; ii) Earthquake; iii) Terrorist activity; iv) Landslide, Rock slide

   1.  a) only i ,ii, & iii

   2.  b) only i ,ii, & iv

   3.  c) all the above

   4.  d) only i & iv

Que. 5 : Q5) Motor third party insurance is not required for two wheelers only when the cubic capacity is less than

   1.  a) 100 cc

   2.  b) 35 cc

   3.  c) 50 cc

   4.  d) None