IC11 PRACTICE OF GENERAL INSURANCE EXAM - 11
| Q1.What are the services given by a TPA under an agreement with an insurance company called? |
| Insurance Services |
| Financial services |
| Banking services |
| Agency services |
| Health services |
| Q2.Under what are dumpers and tippers insured? |
| Heavy Vehicle |
| Marine cargo |
| Motor |
| Marine hull |
| Fire insurance |
| Q3.__ is the last step in Risk Management which is to monitor the results produced by implementing the various techniques selected. |
| Risk analysis |
| Risk review |
| Risk management |
| Risk evaluation |
| Risk identification |
| Q4.For whom is the Janta Personal Accident (JPA) policy is specially designed? |
| Rich sections of the society |
| Weaker sections of the society |
| All sections of the society |
| For people living in villages |
| For people living in cities |
| Q5.A physical hazard is assessed on the basis of __. |
| nature of product |
| information is given in the form |
| contract |
| damages caused |
| risks |
| Q6.Under which act have the insurance agents to be licensed? |
| RBI Act |
| Insurance Act |
| IRDAI Act |
| GIC Act |
| LIC Act |
| Q7.A ___ is issued by the insurer one month in advance before the date of expiry. |
| Cover Notes |
| Policy Expiry letters |
| Warning notice |
| Renewal notice |
| Declaration |
| Q8 .Janta Personal Accident (JPA) policy contracts are for ____. |
| The very short term basis |
| Annual basis |
| Long term basis |
| Annual or Long term basis |
| Schedule basis |
| Q 9. The full form of IRDP is Integrated Rural Development Practice State True or False? |
| (a) True |
| (b) False |
| Q10.The most common method of fixing premium rates is by classification of ___. |
| Damages |
| Risks |
| Policy |
| Loss |
| Claims |