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Category: IC72 MOTOR INSURANCE EXAM – 10

IC72 MOTOR INSURANCE EXAM – 10

Que. 1 : Q1) As regards risk of explosion to be covered, it means:

   1.  a) Only internal

   2.  b) Both internal and external

   3.  c) Only external explosion

   4.  d) Covered only by additional premium

Que. 2 : Q2) The amount of _____________ loss is not easy to determine but the award must reflect that different circumstances have been taken into consideration.

   1.  a) Pecuniary damages

   2.  b) Non-pecuniary damages

   3.  

   4.  

Que. 3 : Q3) Chapter XII Sections 165 to 176 of the MV Act,1988 deal with “Claims Tribunals”. Say whether True or False.

   1.  a) True

   2.  b) False

   3.  

   4.  

Que. 4 : Q4) IDV of new vehicle represents

   1.  a) Invoice price

   2.  b) Invoice price less 5%

   3.  c) Ex factory price

   4.  d) Cost on road less 5%

Que. 5 : Q5) Compensation from solatium fund is paid for (1) No-fault liability claims (2) Hit and run claims

   1.  a) Both are true

   2.  b) Both are false

   3.  c) Statement 1 is True

   4.  d) Statement 2 is True