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Category: IC11 PRACTICE OF GENERAL INSURANCE EXAM – 36

IC11 PRACTICE OF GENERAL INSURANCE EXAM – 36

Que. 1 : Q1) What pattern does the procedure in respect of claims under various classes of insurance follow ?

   1.  a) Common Pattern

   2.  b) Special Pattern

   3.  c) Modular Pattern

   4.  d) Fixed Pattern

Que. 2 : Q2) Which among the following is not a function of insurance?

   1.  a) Risk mitigation

   2.  b) Risk transfer

   3.  c) Risk tracking

   4.  d) Risk reduction

Que. 3 : Q3) When there is fraudulent breach of utmost good faith the insurance contract becomes

   1.  a) Unenforceable in a Court of Law

   2.  b) Illegal

   3.  c) Void

   4.  d) Voidable

Que. 4 : Q4) The General insurance Corporation is also commonly known as ____________.

   1.  a) Government Re-insurer

   2.  b) Trusted reinsurer

   3.  c) Reinsurer

   4.  d) National reinsurer

Que. 5 : Q5) What is TAT?

   1.  a) Time and Turn

   2.  b) Till a Time

   3.  c) Time and Tide

   4.  d) Turnaround Time