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Category: IC11 PRACTICE OF GENERAL INSURANCE EXAM – 30

IC11 PRACTICE OF GENERAL INSURANCE EXAM – 30

Que. 1 : Q1) In marine insurance, the Special declaration policy can be applied by individual companies having a minimum turnover of Rs ________.

   1.  a) 1 crore

   2.  b) 2 crore

   3.  c) 3 crore

   4.  d) 4 crore

Que. 2 : Q2) Under which of the following circumstances, loss is not payable under loss of passport section of Overseas Medical policy.

   1.  a) Confiscation by customs

   2.  b) Detention by police or other authority

   3.  c) No official report from the police

   4.  d) All of the above

Que. 3 : Q3) What accounting system does Trial Balance follow?

   1.  a) Computerised accounting

   2.  b) Double Entry Accounting

   3.  c) Single Entry Accounting

   4.  d) Financial resource accounting

Que. 4 : Q4) Which of the following must occur before a loss under consequential loss (fire) policy becomes payable.

   1.  a) Insured peril must occur

   2.  b) Property damaged by the insured peril

   3.  c) Insureds business is interrupted

   4.  d) All of the above

Que. 5 : Q5) As per the consumer protection act 1986, the jurisdiction of a State commission extends upto value of services and compensation not exceeding_________

   1.  a) Rs 10 Lakhs

   2.  b) Rs 20 Lakhs

   3.  c) Rs 50 Lakhs

   4.  d) Rs 1 crore