ICS06 - Motor Insurance (Surveyor) Mock Test 17
Motor insurance involves MACT procedures, regulatory requirements, premium payment, NCB benefits, personal accident cover and statutory penalties. Applications before MACT generally have nominal or exempted court fees depending on applicable rules. Web Aggregator regulations form part of the regulatory framework governing insurance distribution. Compensation under conventional heads includes amounts for loss of estate and other prescribed components, subject to periodic revisions. Long-term third-party insurance requires premium payment according to applicable rules. NCB rewards consecutive claim-free years through increasing discounts. Hit-and-run claims involve designated Claims Enquiry Officers. Owner-driver PA cover is an important motor insurance protection. Surveyors should understand liability, documentation, claim procedures and applicable statutory provisions.
1. Court fee for filing an application before MACT is:
a) Generally exempted or nominal
b) 10% of claim
c) Higher than civil court
d) Free always
2. ‘Web Aggregator’ regulations were notified in:
a) 2011 (revised periodically)
b) 2007
c) 1999
d) 1988
3. Conventional heads (Pranay Sethi) – Loss of Estate is:
a) Rs. 15,000 (revised periodically; ~Rs. 22,500/Rs. 40,000 with subsequent enhancements)
b) Rs. 5,000
c) Rs. 1 lakh
d) Free
4. Liability under Motor Trade for road risks includes:
a) TP injury / death / property damage
b) Owner's claim
c) Vehicle's premium
d) Salvage
5. Premium for long-term TP must be paid:
a) Annually
b) In a single payment at registration
c) Monthly
d) Quarterly
6. NCB after 3 consecutive claim-free years is:
a) 25%
b) 30%
c) 35%
d) 40%
7. Claims Enquiry Officer for hit-and-run is:
a) Sub-Divisional Magistrate or other officer notified
b) RTO
c) Surveyor
d) Police only
8. Compulsory PA cover for owner-driver is:
a) Part of Package Policy (separate or bundled)
b) Optional
c) Excluded
d) Premium free
9. NCB after 5 or more consecutive claim-free years is:
a) 45%
b) 50%
c) 55%
d) 65%
10. Penalty for driving without insurance (post-2019) is:
a) Rs. 1,000 first / Rs. 2,000 subsequent
b) Rs. 2,000 first / Rs. 4,000 subsequent (with imprisonment up to 3 months)
c) Rs. 500
d) Rs. 10,000
