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Category: IC11 PRACTICE OF GENERAL INSURANCE EXAM – 19

IC11 PRACTICE OF GENERAL INSURANCE EXAM – 19

Que. 1 : Q1) Which of these is NOT a deficiency of the Modern Portfolio Theory (MPT) ?

   1.  a) Investors are emotional

   2.  b) The financial returns distribution is ‘asymmetrical’

   3.  c) Co-relation of asset classes changes on externals

   4.  d) Optimal diversification strategy

Que. 2 : Q2) Erection All Risks Policy is also known as

   1.  a) Storage cum Erection Policy

   2.  b) PR Costs Involved in Disaster Management

   3.  c) Cover for Failure to Perform

   4.  d) Transportation of the defective products

Que. 3 : Q3) Which of the following is NOT covered under Neon Sign insurance policy?

   1.  a) Theft

   2.  b) Lighting

   3.  c) Mechanical breakdown

   4.  d) External explosion

Que. 4 : Q4) Claim under the critical illness policy is payable if during the policy period the Insured is found to have contracted a critical illness and survives such critical illness for at least _____ days from the date of its discovery.

   1.  a) 15 days

   2.  b) 30 days

   3.  c) 45 days

   4.  d) 60 days

Que. 5 : Q5) Which of these pools is not managed by GIC ?

   1.  a) Fire Catastrophe Pool

   2.  b) Third Party Motor Pool

   3.  c) Terrorism Pool   

  4.  d) Marine Hull Pool