IC78 MISCELLANEOUS INSURANCE EXAM - 05
| Q1._____ are to be executed by importers in favor of the Controller of Imports and Exports agreeing, inter-alia, to perform the conditions stipulated in the Import Trade Control Regulations. |
| RBI Bonds |
| Court bonds |
| Commercial guarantees |
| Custom bonds |
| Administration bonds |
| Q2.If P.A cover is required only for the restricted hours of duty (and not for 24 hours a day), __. |
| a reduced premium equivalent to 25% of the appropriate premium is charged |
| a reduced premium equivalent to 50% of the appropriate premium is charged |
| a reduced premium equivalent to 60% of the appropriate premium is charged |
| a reduced premium equivalent to 75% of the appropriate premium is charged |
| The number of hours has no effect on the premium |
| Q3.Premium paid on health policies qualifies for tax benefit under __ of Income Tax Act. |
| Section 80U |
| Section 80C |
| Section 80G |
| Section 80D |
| Section 80B |
| Q4.The sum insured in horticulture insurance is based on - 1. The value of output 2. The input costs 3. Rs 50000 per acre of cultivation |
| Only 1 |
| Only 2 |
| Only 3 |
| 1 or 3, whichever is lower |
| 2 or 3, whichever is lower |
| Q5.Which of these risks is/are covered under Office Protection Shield - Electronic equipment and data carrying material? 1. Maintenance cost 2. Loss due to climatic conditions 3. Unforeseen sudden physical loss or damage |
| All 1, 2 and 3 |
| Only 3 |
| Only 1 |
| 2 and 3 |
| 1 and 2 |
| Q6.An Individual policy is used where - |
| the entire staff is covered without showing name or position |
| only one individual is to be guaranteed |
| the entire staff or a number of selected individuals are to be covered |
| the employer is relieved of the necessity of fixing what he considers to be suitable individual amounts of guarantee |
| there is a combination of collective policy and a floating policy |
| Q7.In respect of sending by Registered Post parcel, the Jewellers Block Insurance policy normally provides that the limit should not exceed: |
| Rs. 10 lakhs or 5 percent of the sum insured under Section I, whichever is less. |
| Rs. 5 lakhs or 10 percent of the sum insured under Section I, whichever is less. |
| Rs. 10 lakhs or 50 percent of the sum insured under Section I, whichever is less. |
| Rs. 5 lakhs or 50 percent of the sum insured under Section I, whichever is less. |
| Rs. 50 lakhs or 10 percent of the sum insured under Section I, whichever is less. |
| Q8. Mr. Ankit is covered under Corporate frequent traveler’s endorsement. As per the policy, what can be the maximum duration of any one trip that can be taken by Mr. Ankit abroad? |
| Not exceeding 10 days |
| Not exceeding 25 days |
| Not exceeding 40 days |
| Not exceeding 50 days |
| Not exceeding 60 days |
| Q9.What are the qualities required for an underwriter of horse insurance? 1. An underwriter of horse insurance should be well versed in veterinary science 2. He should also have a fair knowledge of animal management 3. He should have the ability to assess independently the value of the horse/s proposed for insurance |
| Only 1 |
| Only 1 and 2 |
| Only 1 and 3 |
| All 1, 2 and 3 |
| Only 3 |
| Q10.___ are appointed by the court to deal with the estates of persons who have filed insolvency petitions before the court or are declared insolvent by the courts. 1. Receivers 2. Liquidators 3. Administrators |
| Only 1 |
| Only 2 |
| Only 3 |
| 1 and 3 |
| All 1, 2 and 3 |