IC11 PRACTICE OF GENERAL INSURANCE EXAM - 14
| Q1.Warehousing facilities and Loading/unloading conditions are things to be looked at in a ___. |
| Lift insurance |
| Public liability insurance |
| Store insurance |
| Hull insurance |
| Cargo insurance |
| Q2.Which policy is issued to business premises covering stock in trade, goods held in trust or on Commission, and cash in locked safe? |
| Bhavishya Arogya policy |
| Mediclaim insurance policy |
| Liability only policy |
| Burglary insurance policy |
| Universal health insurance policy |
| Q3.Who issues the Bill of Lading? |
| Road transporters |
| Shipping companies |
| Couriers |
| Railways |
| Airlines |
| Q4.____ policies provide cover against loss of profits (machinery) insurance/advance loss of Profits? |
| Marine insurance |
| Fire insurance |
| Engineering insurance |
| Burglary insurance |
| Floating insurance |
| Q5.In the case of fire and marine cargo insurance, the percentage of premium that the insurer is required to provide for as reserves are __. |
| 25% |
| 30% |
| 50% |
| 75% |
| 100% |
| Q6.What do 'Reserves' refer to in insurance accounting? |
| Estimate for future liabilities |
| Funds for future expansions |
| Funds available for investments |
| Invested funds |
| Funds for future dividends |
| Q7.Which policy gives an indemnity to the insured in respect of his/her legal liability to pay compensation to his/ her employees who sustain personal injury by accident? |
| Compulsory public liability policy |
| Legal liability policy |
| Workmen’s compensation policy |
| Professional indemnities policy |
| Public liability policy |
| Q8.The risk premium is calculated on the basis of __. |
| Number of people insured |
| Average loss ratio |
| Profit ratios |
| Number of vehicles insured |
| The average life of the property |
| Q9.ILU stand s for ____. |
| Institute of London universities |
| Institute of London underwriters |
| Institute of London undertakers |
| Institute of London UNICEF |
| Institute of London unified |
| Q10.What does the insurer incorporate in order to reduce physical hazards? |
| Appropriate rules |
| Appropriate agreements |
| Appropriate contracts |
| Appropriate clauses |
| Appropriate certificate |
