IC72 Mock Test Sample 6
IC72 Motor Insurance emphasizes legal frameworks, underwriting, and claims procedures under the Motor Vehicles Act, 1988. It highlights appeal mechanisms like revision petitions, LPA, and SLP, ensuring proper legal recourse. Proposal forms, permits, and policy types like liability-only define coverage structure. Concepts such as gross vehicle weight, No Claim Bonus, and sunset clause guide policy administration. Quality management principles and customer service elements like empathy improve insurer performance. Regulatory provisions ensure compliance, while penalties for traffic violations promote road safety. Overall, motor insurance integrates legal, operational, and service aspects to ensure fair compensation, risk management, and efficient policy servicing.
1. Revision petition in High Court can be filed when?
a) Dispute below 10000
b) No appeal under Sec 173
c) Jurisdictional error
d) Fraud in case
2. Act replacing MV Act 1939?
a) MV Act 2000
b) Amendment Act 2008
c) MV Act 1955
d) MV Act 1988
3. Not subject to India Motor Tariff?
a) Motor manufacturers
b) Assembly factories
c) Body builders
d) Petrol pumps
4. Crosby’s quality standard?
a) Close to perfection
b) Conformance to requirements
c) Goodness
d) Appraisal
5. First level of appeal?
a) First Appeal
b) LPA
c) SLP
d) Revision
6. Reward of higher service quality?
a) More competition
b) Reduced service calls
c) Higher prices
d) Less loyalty
7. Appeal before Division Bench?
a) First Appeal
b) LPA
c) SLP
d) Revision
8. Act for eco-friendly vehicles?
a) MV Act 1988
b) Amendment 2008
c) Amendment 1994
d) Amendment 2001
9. Purpose of Proposal Form GR2?
a) Claim submission
b) Renewal
c) Coverage change
d) Pre-risk information
10. Gross Vehicle Weight means?
a) Total weight
b) Excluding load
c) Certified total weight
d) Manufacturer weight
11. Liability only policy covers?
a) Own damage
b) Third party liability
c) Fire & theft
d) Lay-up risk
12. Service quality parameter?
a) Competitors
b) Delivery time
c) Policy options
d) Marketing
13. SLP provision?
a) Sec 100A CPC
b) Sec 168(3)
c) Sec 170
d) Order 41 Rule 27
14. Fire/Theft lay-up premium?
a) 0.75%
b) 0.50%
c) 1.00%
d) 0.25%
15. Empathy in service?
a) Value services
b) Clear info
c) Financial strength
d) Personalized advice
16. Investigator appointment step?
a) Documents
b) License
c) Summon
d) Investigation
17. Permit necessity (Sec 66)?
a) Passenger only
b) Not for goods
c) All transport vehicles
d) Heavy vehicles only
18. Penalty recommendation?
a) Demerit system
b) Fixed penalty
c) Incremental slabs
d) Remove penalty
19. Sunset clause purpose?
a) NCB validity
b) Transfer process
c) Discount %
d) Claim process
20. Separate driver liability cover?
a) Yes always
b) No need
c) Only commercial
d) Not required
