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Category: IC01 PRINCIPLES OF INSURANCE – 19

IC01 PRINCIPLES OF INSURANCE – 19

Que. 1 : Q1) What type of families are a burden on the government and also on the society ?

   1.  a) Orthodox

   2.  b) Cultural

   3.  c) Traditional

   4.  d) Destitute

Que. 2 : Q2) The full form of MACT is______________.

   1.  a) Motor & Aviation Claim Tribunal

   2.  b) Major Accident Claim Tribunal

   3.  c) Minor Accident Claim Tribunal

   4.  d) Motor Accident Claim Tribunal

Que. 3 : Q3) Malus happens due to a claim which _____________a specified limit.

   1.  a) under states

   2.  b) exceed

   3.  c) similar

   4.  d) is less than

Que. 4 : Q4) A surety has insurable interest in the life of

   1.  a) the principal debtor to the extent of debt

   2.  b) in the life of his co-surety to the extent of debt

   3.  c) Only A is True

   4.  d) Both are True

Que. 5 : Q5) Which type of intermediary is tied to providing advice on the products provided by one or more particular insurers?

   1.  a) An appointed representative

   2.  b) An independent intermediary

   3.  c) Insurance Agent

   4.  d) Insurance Broker