Menu Close

Category: IC11 PRACTICE OF GENERAL INSURANCE EXAM – 32

IC11 PRACTICE OF GENERAL INSURANCE EXAM – 32

Que. 1 : Q1) Which of the following is not a part of the fundamentals of a contract ?

   1.  a) Consent of the parties

   2.  b) Offer and Acceptance

   3.  c) Written agreement

   4.  d) Legality and being capable of performance

Que. 2 : Q2) The total loss of any package lost overboard or dropped whilst loading on to or unloading from vessel or craft is

   1.  a) covered by the Institute Cargo Clauses C

   2.  b) covered by the Institute Cargo Clauses B

   3.  c) covered by the Institute Cargo Clauses C & B

   4.  d) covered by the Institute Cargo Clauses A, B and C

Que. 3 : Q3) Agreed value policies are issued for

   1.  a) Marine cargo

   2.  b) Marine hull

   3.  c) Marine cargo and hull

   4.  d) Fire insurance on high valued machinery

Que. 4 : Q4) Under private car package policy, rate of depreciation for all parts made of glass is

   1.  a) 20%

   2.  b) 30%

   3.  c) 50%

   4.  d) Nil

Que. 5 : Q5) Which social peril is included in standard fire insurance ?

   1.  a) Explosion

   2.  b) Lightning

   3.  c) Landslide

   4.  d) Riot