IC78 MISCELLANEOUS INSURANCE EXAM - 17
| Q1.Identify the statement(s) which are true for Commercial Guarantees - 1. Commercial Guarantees have to be stamped in accordance with the stamp duty prescribed for deeds and documents, under seal 2. Commercial guarantees are normal annual contracts which the insurers may renew at their option 3. The commercial guarantee is subject to conditions the breach of which may render the policy void or voidable |
| Only 1 |
| Only 3 |
| 1 and 2 |
| 2 and 3 |
| All 1, 2 and 3 |
| Q2.Mr. X has worked hard and invented a new technology. He wants the right for a time to stop other companies, or persons trying to make, use or sell the same invention without the expressed permission of Mr. X. How can Mr. X do this ? |
| Mr. X should apply for a Trade Mark |
| Mr. X should apply for a Copyright |
| Mr. X should apply for a Patent |
| Mr. X should register his brand |
| Mr. X should apply for a Service Mark |
| Q3.The Pre-acceptance survey report generally contains which of the following particulars - 1. Maximum possible loss in a single incident of burglary 2. A number of doors, windows, skylights, and other openings on the premises and how they are secured 3. Particulars of all burglaries which have occurred on the premises, and the steps are taken to prevent a recurrence |
| Only 2 |
| Only 1 |
| 1 and 2 |
| 2 and 3 |
| All 1, 2 and 3 |
| Q4.Which of these is/are exclusions (not covered) under Honey Bee insurance? 1. Natural mortality 2. Any destruction as required by any order of Government / municipal authority 3. Theft risk can be covered on payment of additional premium |
| Only 1 |
| Only 3 |
| 1 and 3 |
| 1 and 2 |
| All 1, 2 and 3 |
| Q5.According to the ‘Principle of Insurable Interest’, a person is deemed to have an insurable interest in the life of his ___. 1. Relatives 2. Friends 3. Spouse |
| Only 3 |
| Only 1 |
| 1 and 3 |
| 2 and 3 |
| All 1,2 and 3 |
| Q6.In Health Insurance the final claim with receipted bills, cash memos, claim form, and list of documents as listed in the claim form, etc. should be submitted to the company/TPA within ____ from the date of completion of treatment. |
| 3 days |
| 5 days |
| 7 days |
| 10 days |
| 30 days |
| Q7.Under the Office protection shield, which perils are compulsory for owners (building) insured? 1. Fire and allied perils 2. Burglary, robbery, and dacoity 3. Loss of money while in transit, on the premises during office hours, and in safe after office hours. |
| Heart Bypass Operation |
| Surgical Operation |
| Anesthesia |
| Cesarean Operation |
| Convalescence |
| Q8.Under the Plate Glass Insurance policy, the premium rates ranges from ____. |
| 3 % to 9 % of the value of the glass |
| 5 % to 15 % of the value of the glass |
| 3 % to 7 % of the value of the glass |
| 5 % to 10 % of the value of the glass |
| 1 % to 5 % of the value of the glass |
| Q9.Does the Honey Bee insurance apply to which of the following? 1. Bee colony / Hives belonging to the cooperative society 2. Bee colony / Hives belonging to a corporate 3. Silkworm fed on mulberry leaves |
| All 1, 2 and 3 |
| 1 and 3 |
| 2 and 3 |
| Only 2 |
| Only 1 |
| Q10.Under Aquaculture (shrimp/prawn) insurance, the stocking density of Shrimp/Prawns should not be more than __ in the case of P. Mondon. |
| 10 per sq. m |
| 8 per sq. m |
| 20 per sq. m |
| 15 to 20 pieces sq. m |
| 15 per sq. m |