IC11 PRACTICE OF GENERAL INSURANCE EXAM - 13
| Q1.The Janta Personal Accident (JPA) policy is specifically designed for__. |
| Higher sections of the society |
| Weaker sections of the society |
| All sections of the society |
| Common sections of the society |
| Public sections of the society |
| Q2.If the insurer is not interested in the renewal of the policy, it has to give ____. |
| Actual notice |
| Meeting notice |
| Prior notice |
| Public notice |
| Expired notice |
| Q3.When the Money transit insurance is renewed, the premium is calculated on the basis of ___. |
| Only money |
| Money in transit |
| The actual money in transit |
| Insurance policy |
| Contract basis |
| Q4.The cargo clause comes under the category of ____. |
| Sec A B C |
| Sec 1 |
| Sec 3 |
| Sec B D S |
| Sec B C D |
| Q5.Concentrated efforts should be made by the insurance companies to review and reduce the ____. |
| Normal expenses ratio |
| Fluctuating expenses ratio |
| Management expenses ratio |
| General expenses ratio |
| Expenses ratio |
| Q6.The full form of ALOP is ___. |
| Advance loss of property |
| Advance loss of penalty |
| Advance loss of policy |
| Advance Loss of profits |
| Advance loss of pension |
| Q7.A Certificate of Insurance is issued in addition to the policy in motor insurance. This is required by ___. |
| General Insurance act |
| Consumer act |
| Property Insurance act |
| LIC act |
| Motor Vehicles act |
| Q8.Some risks are considered as extra hazardous and are therefore declined. These are called ___. |
| Speculative Risk |
| Damage risk |
| Declined risk |
| Hazardous risk |
| Destruction risk |
| Q9.Traders can suffer losses by reason of insolvency of or protracted default in payment on the part of __. |
| Sellers |
| Vendors |
| Consumers |
| Buyers |
| Suppliers |
| Q10.Which authority can intervene in the affairs of an insurer? |
| Any legal regulatory body |
| IRDAI |
| Central Government |
| Policyholder |
| State Government |