ICS07 - Miscellaneous Insurance (Surveyor) Mock Test 08
This set of questions covers important topics under ICS07 – Miscellaneous Insurance (Surveyor), including RSBY, Commercial Fidelity Guarantee, Sheep and Goat Insurance, Videsh Yatra Mitra, Horse Insurance, Money Insurance, Corporate Frequent Travellers, and Amartya Shiksha Yojana. The questions focus on the administration and eligibility of health insurance schemes, premium calculation factors, livestock insurance coverage, policy governing laws, underwriting requirements for high-value horse insurance, group discounts, money-in-transit risk assessment, age limits for frequent travellers, fidelity guarantee coverage, and policy periods for education expenses. These concepts help candidates understand policy conditions, underwriting considerations, coverage provisions, eligibility requirements, and specialized miscellaneous insurance products.
1. Identify the correct statement:
A) RSBY has been launched by the Ministry of Rural Development, Government of India, to provide health insurance coverage for Below Poverty Line (BPL) families.
B) RSBY has been launched by the Ministry of Labour and Employment, Government of India, to provide health insurance coverage for Below Poverty Line (BPL) families.
C) Pre-existing diseases are not covered under RSBY.
D) Insurers selected by the Central Government on the basis of competitive bidding.
E) All of the above.
2. In Commercial Fidelity Guarantees, the premium under individual and collective policies is charged on:
- The number of employees who have been guaranteed
- The amount of guarantee
- The type of occupation
A) Only 1
B) Only 2
C) 1 and 3
D) 2 and 3
E) All 1, 2 and 3
3. The insurance of Sheep and Goat provides indemnity against death of sheep and goats due to:
- Death due to Enterotoxaemia
- Death due to Fire
- Death due to disease
A) Only 1
B) Only 3
C) 1 and 2
D) 2 and 3
E) All 1, 2 and 3
4. The parties to Videsh Yatra Mitra Insurance Policy expressly agree that the laws of ______ shall govern the validity, construction, interpretation and effect of the policy.
A) Republic of India
B) Republic of India, Bangladesh and Sri Lanka
C) Republic of China
D) The Visiting Country
E) None of the above
5. In Horse Insurance, if the sum sought to be insured is quite large, then which of these criteria has to be met?
- Veterinary certificate from two veterinary doctors has to be collected
- Insurance has to be taken from two or more insurers
- Fitness and Medical certificate of the jockey is a must
A) Only 1
B) Only 2
C) 1 and 2
D) 2 and 3
E) All 1, 2 and 3
6. As per the Sheep and Goat Insurance cover, the minimum number of animals that should be covered to avail group discount is ______.
A) Minimum 60 to 100 animals
B) Minimum 101 to 500 animals
C) Minimum 251 to 600 animals
D) Minimum 101 to 150 animals
E) Minimum 301 to 500 animals
7. Which of the following is a valid underwriting consideration for a Money Insurance Policy?
A) Distance over which money travels
B) Maximum amount carried in a single transit
C) Mode of transport used for money
D) Whether armed guards accompany the person carrying the money
E) All of the above
8. In Corporate Frequent Travellers Endorsement, the age limit is ______ years.
A) 60
B) 62
C) 65
D) 70
E) 75
9. Commercial Fidelity Guarantee covers against ______.
A) A direct pecuniary loss caused as a result of fraud by an employee
B) A consequential loss caused as a result of fraud by an employee
C) Both 1 and 2
D) A loss arising out of bad accountancy
E) None of the above
10. What is the policy period for the Policy Covering Education Expenses / Amartya Shiksha Yojana Policy?
A) One year
B) Two years
C) Depends on the age of the student
D) Depends on the premium paid
E) Commensurate with the period of the course undertaken
