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Category: IC11 PRACTICE OF GENERAL INSURANCE EXAM – 14

IC11 PRACTICE OF GENERAL INSURANCE EXAM – 14

Que. 1 : Q1) In case of Motor Insurance which document is considered as the only evidence of existence of a valid insurance by police authorities and RTO

   1.  a) Policy Document

   2.  b) Certificate of Insurance

   3.  c) Cover Notice

   4.  d) Insurance Notice Document

Que. 2 : Q2) Implosion in fire insurance means

   1.  a) Inward burst

   2.  b) Sudden burst with loud report

   3.  c) Damage caused by corrosion

   4.  d) Damage caused by tempest

Que. 3 : Q3) Which of the following appear as exclusions under personal accident insurance?

   1.  a) Self injury or suicide

   2.  b) Accident while under influence of alcohol or drugs

   3.  c) War and allied perils

   4.  d) All of the above

Que. 4 : Q4) Why do Moral Hazard arise ?

   1.  a) From natural calamities

   2.  b) From individuals moral weakness

   3.  c) From carelessness

   4.  d) From low morale

Que. 5 : Q5) Maximum amount that is borne by the insurers as towing charges in case of Commercial Vehicles and Motor Cars is

   1.  a) Rs 2,500

   2.  b) Rs 300

   3.  c) Rs 3,000

   4.  d) Rs 2,000