ICS06 - Motor Insurance (Surveyor) Mock Test 08

1. Future prospects for self-employed persons aged 50–60 are:

a) 10%
b) 15%
c) 20%
d) 25%

2. Compensation for the death of a minor child is computed using:

a) Notional income with multiplier
b) Same as adult
c) Property valuation
d) Salary structure

3. If false NCB is claimed, the insurer may:

a) Recover the NCB and forfeit cover
b) Continue regardless
c) Pay extra benefit
d) Issue free policy

4. Section 146 of the Motor Vehicles Act, 1988 mandates:

a) Voluntary insurance
b) Compulsory third-party insurance
c) Personal accident insurance
d) OD insurance

5. Registration of a motor vehicle is mandatory under Section:

a) 39
b) 40
c) 41
d) 42

6. In National Insurance Co. Ltd. v. Swaran Singh (2004), the Supreme Court held:

a) Insurer can deny only if breach is established to have caused or contributed to the accident in a material way
b) Insurer pays in all cases
c) Owner pays alone
d) Driver pays alone

7. Charge-sheet by police indicates:

a) Sufficient evidence for prosecution
b) Premium amount
c) RTO fee
d) Driving test result

8. Multiplier for age 60 is:

a) 9
b) 8
c) 7
d) 5

9. Future prospects for self-employed persons aged 40–50 are:

a) 25%
b) 20%
c) 15%
d) 10%

10. Multiplier for the age group 41–45 is:

a) 13
b) 14
c) 15
d) 16