IC72 MOTOR INSURANCE EXAM - 24

Que. 1 : Q1) Which of the following Statement is true? Statement A: Voluntary excess under own damag section is applicable to all vehicles. Statement B: Compulsory excess is applicable only to commercial vehicles.

   1.  a) Both Statements

   2.  b) Neither of the Statements

   3.  c) Only Statement A

   4.  d) Only Statement B

Que. 2 : Q2) The existence of the Tariffs in ______ muted competition to some extent?

   1.  a) Fire

   2.  b) Motor Engineering

   3.  c) Workmen's Compensation

   4.  d) All of the above

Que. 3 : Q3) Under the motor vehicles act the amount of compensation for death on the basis of no-fault liability is Rs _______

   1.  a) Rs. 25,000/-

   2.  b) Rs.50,000/-

   3.  c) Rs.1,00,000/-

   4.  d) Rs. 2,00,000/-

Que. 4 : Q4) A minimum premium applicable for vehicles specially designed or modified for use of blind, handicapped and mentally challenged persons, will be Rs.25/- and for all other motor vehicle insurance to cover administrative costs Minimum premium to be charged is __________.

   1.  a) Rs.25/-

   2.  b) Rs.50/-

   3.  c) Rs.75/-

   4.  d) Rs.100/-

Que. 5 : Q5) Rating of goods commercial vehicle is not based on

   1.  a) Geographical area of registration

   2.  b) Unlaiden weight of the vehicle

   3.  c) Gross vehicle weight of vehicle

   4.  d) Age of the vehicle