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Category: IC72 MOTOR INSURANCE EXAM – 42

IC72 MOTOR INSURANCE EXAM – 42

Que. 1 : Q1) Which act set to reduce the vehicular pollution and to ensure the safety of the road users and therefore, Act prohibited alteration of vehicles in any manner including change of tyres of higher capacity?

   1.  a) Amendment Act 39 of 2001

   2.  b) Amendment Act 27 of 2000

   3.  c) Amendment Act 28 of 2002

   4.  d) Amendment Act 27 of 2009

Que. 2 : Q2) A written complaint under consumer protection act 2002 can be filed before the National Commission , where the quantum exceeds

   1.  a) 20 lacs

   2.  b) 50 lacs

   3.  c) 1 crore

   4.  d) 5 crore

Que. 3 : Q3) Which of the following is also known as Constructive Total loss?

   1.  a) Loss due to Theft

   2.  b) Partial loss

   3.  c) Total loss

   4.  d) None of the above

Que. 4 : Q4) The GIC Re as administrator shall be paid a fee of _______ of the total premium on motor third party insurance business in respect of the business underwritten for the pooled account.

   1.  a) 2.5%

   2.  b) 5%

   3.  c) 7.5%

   4.  d) 10%

Que. 5 : Q5) For any alteration in the vehicle, the owner must report the alteration to R.T.O. within a period of

   1.  a) 15 days

   2.  b) 30 days

   3.  c) 14 days

   4.  d) 10 days