ICS06 - Motor Insurance (Surveyor) Mock Test 03
Motor insurance in India includes third-party liability and own-damage coverage. Important provisions of the Motor Vehicles Act, 1988 govern tribunal awards, insurer rights and appeals. Section 168 deals with the award of the Claims Tribunal, while Section 170 provides insurers certain rights to defend claims on grounds available to the insured when permitted by the Tribunal. Motor insurance also involves trade plates, daily allowance add-ons, tariff classifications and geographical zones. Surveyors should understand statutory limits for third-party property damage, vehicle registration requirements and historical developments in Indian motor insurance. Knowledge of multipliers, claim compensation and policy conditions is essential for accurate assessment.
1. Motor insurance penetration in India is:
a) Higher than ideal due to mandatory TP
b) Low for OD coverage
c) Both A and B
d) Universal
2. Section 168 of the Motor Vehicles Act, 1988 deals with:
a) Award of Tribunal
b) Application
c) Limitation
d) Appeal
3. Multiplier for age 40 is:
a) 16
b) 15
c) 14
d) 13
4. Trade plates allow:
a) Vehicle to ply on roads even without registration (for delivery/testing)
b) Permanent use
c) Owner's use
d) Police use
5. Section 170 enables the insurer to:
a) Defend on all grounds available to insured (when permitted by Tribunal)
b) Decide compensation
c) Issue permit
d) Cancel licence
6. ‘Daily Allowance’ add-on provides:
a) Daily amount during repair downtime
b) Free service
c) TP
d) Theft
7. Class E under erstwhile IMT covered:
a) Miscellaneous and Special types of vehicles
b) Two-wheelers
c) Trailers
d) Garage policies
8. Insurer's liability for TP property damage above the statutory minimum is:
a) Limited to amount in policy if no extra premium paid
b) Unlimited
c) Rs. 1 lakh
d) Rs. 1 crore
9. The first Motor Vehicles Act in India was enacted in the year:
a) 1914
b) 1939
c) 1956
d) 1988
10. ‘Zone B’ under IMT covered:
a) Rest of India
b) Only Mumbai
c) Only Delhi
d) SAARC region
