IC78 MISCELLANEOUS INSURANCE EXAM - 10
| Q1.To which of these wells does the 'Failed Well' Insurance apply? 1. Dug Wells 2. Bore Wells 3. Jack Wells |
| Only 1 |
| Only 2 |
| 1 and 2 |
| 2 and 3 |
| All 1, 2 and 3 |
| Q2.Which of these statement(s) is/are TRUE in connection to Commercial fidelity guarantees? 1. This policy covers the employer in respect of any direct financial loss which he may suffer as a result of employees’ dishonesty 2. The majority of policies issued are to commercial and manufacturing firms 3. The basis for a fidelity guarantee originates from an employer and employee relationship or a fiduciary relationship where confidence or trust reposed plays a crucial part |
| Only 1 |
| Only 2 |
| 1 and 3 |
| 2 and 3 |
| All 1,2 and 3 |
| Q3.As per the Office protection shield - Personal accident insurance for self and employees, which of these risks is/are covered? 1. Death 2. Permanent total or partial disablement 3. Temporary total disablement due to accident |
| Only 1 |
| 2 and 3 |
| 1 and 3 |
| 1 and 2 |
| All 1, 2 and 3 |
| Q4.In the Banker’s indemnity insurance policy, who is not deemed to be an Employee? 1. Director, other than salaried 2. Partner, other than salaried 3. Senior Manager |
| Only 1 |
| Only 2 |
| Only 2 |
| 1 and 2 |
| All 1, 2 and 3 |
| Q5. In the Employment and Study policy, the minimum age for eligibility is __. |
| 12 years |
| 15 years |
| 18 years |
| 21 years |
| 22 years |
| Q6.What is FALSE regarding Treaty Reinsurance? |
| It is obligatory for the ceding company to cede all risks within the scope of the treaty |
| It is obligatory for the reinsurer to accept any risk within the scope of the treaty |
| It is not obligatory for the ceding company to cede any risk but the reinsurer has to accept all the cessions |
| Both the reinsurer and the ceding company are bound by the treaty agreement |
| None of the above |
| Q7.__ is not a personal accident-based social insurance scheme. |
| Rashtriya Swasthya Bima Yojana |
| Rajarajeshwari Mahila Kalyan Yojana |
| Bhagyashree child welfare policy |
| All of the above |
| None of the above |
| Q8.A householder’s insurance policy can be classified as ___. |
| General insurance policy |
| Term insurance policy |
| Life insurance policy |
| Package insurance policy |
| Health insurance policy |
| Q9.Mr. Ravi had taken a shopkeeper's insurance policy and suffers losses due to damage to the neon sign by accidental means. Will this accident be covered under the policy? |
| Yes, it will be covered under Section 2 |
| Yes, it will be covered under Section 3 |
| Yes, it will be covered under Section 4 |
| Yes, it will be covered under Section 5 |
| No, it will not be covered |
| Q10.The PASS scheme provides for payment of Rs. 3,000 in the event of accidental death of any person in the age group of - |
| 18 years to 60 years who is an earning member of a poor family |
| 18 years to 55 years who is an earning member of a poor family |
| 20 years to 60 years who is an earning member of a poor family |
| 20 years to 55 years who is an earning member of the poor family |
| 21 years to 60 years who is an earning member of a poor family |