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Category: IC72 MOTOR INSURANCE EXAM – 30

IC72 MOTOR INSURANCE EXAM – 30

Que. 1 : Q1) Indemnity under repair basis in motor insurance policy is strictly subject to:

   1.  a) Depreciation as pre stipulation in the policy

   2.  b) New for old as pure replacement

   3.  c) Depreciation on full discretion of surveyor/insurer

   4.  d) None of the above

Que. 2 : Q2) The TAC has devised a standard format for submission of statistics by all insurers and these data are to be submitted on a ____________ basis.

   1.  a) Quarterly basis

   2.  b) Half-yearly basis

   3.  c) Annual basis

   4.  d) Once in 2 Years

Que. 3 : Q3) The maximum income eligible enabling the to file petition under section163 (A) of MV Act:

   1.  a) Rs. 50,000 p.a.,

   2.  b) Rs. 60,000 p.a.,

   3.  c) Rs. 40,000 p.a.,

   4.  d) Rs. 25,000 p.a.

Que. 4 : Q4) What mean any motor vehicle constructed or adapted to carry not more than six passengers,but not more than twelve passengers, excluding the driver, for hire or reward?

   1.  a) Gross Vehicle Weight

   2.  b) Motor car

   3.  c) Motor cab

   4.  d) Maxi cab

Que. 5 : Q5) Under which class Internal Risk only vehicles comes under?

   1.  a) Form A

   2.  b) Form C

   3.  c) Form F

   4.  d) Form G