Que. 1 : Q1) While computing depreciation for a rubber part, following is true ;

   1.  a) Part is subject to 50% depreciation

   2.  b) No depreciation

   3.  c) Same depreciation percentage as metal parts

   4.  d) None of the above

Que. 2 : Q2) The Solatium Scheme was initiated by the Central Government in 1989 for the payment of compensation to the victims of

   1.  a) Fire Accident

   2.  b) Earth Quake

   3.  c) Hit and Run Accidents

   4.  d) Accident due to excluded peril

Que. 3 : Q3) What is refers to any truck, cart, carriage or other vehicle, without means of self-propulsion including agricultural implements drawn or hauled by self-propelled vehicle?

   1.  a) Water Tankers

   2.  b) Tippers

   3.  c) Trailers

   4.  d) Passengers carrying vehicles

Que. 4 : Q4) Choose the correct answer: a) Before proving defence one has to _____ the defence b) After pleading defense, efforts should be made to explore how it can be ___________ by way of documents. c) After providing proof of the document, one has to satisfy the court that a defence is ___________.

   1.  a) established, plead, proved

   2.  b) Plead, established, proved

   3.  c) proved, plead,established

   4.  d) plead, proved, established

Que. 5 : Q5) Cost of replacement of locks and keys, if vehicle is broken into or cost of replacement of lost/stolen keys and the sum insured ranges between ____________.

   1.  a) Rs.5,000 – Rs.25,000

   2.  b) Rs.10,000 – Rs.35,000

   3.  c) Rs.15,000 – Rs.40,000  

   4.  d) Rs.25,000 – Rs.55,000