ICS07 - Miscellaneous Insurance (Surveyor) Mock Test 20
This set covers important concepts from Miscellaneous Insurance (Surveyor), including animal-driven cart insurance, contingency insurance, corporate frequent traveller policies, rural development, age limits, cattle insurance, child welfare policies, bankers’ blanket indemnity, occupational risk groups, and commercial fidelity guarantees. The questions focus on third-party liability limits, applicable policy sections, maximum travel duration, development priorities, medical-report requirements, Malus systems, factors affecting coverage, indemnity provisions, occupational classifications, and different types of fidelity guarantee policies. These topics are useful for understanding policy structures, underwriting considerations, coverage limits, risk classification, and specialized insurance products relevant to surveyor examinations.
1. What is the maximum limit for third-party liability coverage under Section 2 of animal-driven cart insurance?
a) Rs. 1,000 per accident
b) Rs. 5,000 per accident
c) Rs. 10,000 per accident
d) Rs. 20,000 per accident
2. Under which section of the policy does the contingency insurance apply?
A) Section I
B) Section II
C) Section 1(A)
D) Section 1(B)
E) Section 1(C)
3. Under the Corporate Frequent Travellers Endorsement, what is the maximum number of days for any one trip?
A) 30 days
B) 60 days
C) 90 days
D) 180 days
E) 365 days
4. What has gained paramount significance in the Five Year Plans and is considered an integral part of development schemes?
a) Urban development
b) Industrial growth
c) Agricultural expansion
d) Rural development
5. What is the age limit for obtaining coverage under this policy without the need for medical reports?
A) 50 years
B) 55 years
C) 60 years
D) 65 years
E) 70 years
6. What is the purpose of the Malus system in cattle insurance?
a) To reward policyholders for timely premium payments
b) To determine the market value of cattle
c) To adjust the sum insured based on breed
d) To adjust premium rates based on the claims ratio
7. Which factor determines the coverage amount in Bhagyashree Child Welfare Policy?
A) The age of the child
B) The parent's occupation
C) The policyholder's premium amount
D) The family's income level
E) The income of the parents
8. What does a Bankers' Blanket Indemnity Policy provide indemnity for?
a) Losses of any kind discovered during the policy period
b) Indirect losses arising from operational mistakes
c) Indemnity for losses sustained by the insured during a specified period
d) Losses discovered only in transit
e) Losses due to natural disasters
9. What is the main distinction between Risk Group I and Risk Group III?
A) The insured person's age
B) The insured person's marital status
C) The nature of the insured person's occupation and activities
D) The insured person's medical history
E) The insured person's place of residence
10. Which of these policies is likely to have the largest number of people insured under a single policy?
A) Individual Commercial Fidelity Guarantee
B) Collective Commercial Fidelity Guarantee
C) Blanket Commercial Fidelity Guarantee
D) Floating Commercial Fidelity Guarantee
E) None of the above
