Menu Close

Category: IC72 MOTOR INSURANCE EXAM – 44

IC72 MOTOR INSURANCE EXAM – 44

Que. 1 : Q1) Differential rating is the rating based on scientific method of pricing the product on __________.

   1.  a) Incremental basis

   2.  b) Make and Model basis

   3.  c) Piecemeal basis

   4.  d) Claim formula

Que. 2 : Q2) Compensation for obtaining arrest, attachment or injunction on insufficient grounds such amount not exceeding __________ or subject to the limit of pecuniary jurisdiction of the court.

   1.  a) Rs.1,000

   2.  b) Rs.2,000

   3.  c) Rs.3,000

   4.  d) Rs.4,000

Que. 3 : Q3) In case of Motor Insurance of Private Cars if the age of the vehicle is more than 15 years then Which of the following is True?

   1.  a) Comprehensive Cover Shall be issued

   2.  b) Comprehensive cover subject to satisfactory inspection report

   3.  c) Act Cover only

   4.  d) Comprehensive cover subject to satisfactory inspection report and additional excess

Que. 4 : Q4) Learning licence can not be issued to a person of age less than:

   1.  a) 18 years

   2.  b) 20 years

   3.  c) 15 years

   4.  d) 16 years

Que. 5 : Q5) Under which section of MV Act 1988, no person shall allow any other person to use a vehicle in a public place unless the vehicle is covered by an insurance policy complying with the requirements of the ACT

   1.  a) 146

   2.  b) 147

   3.  c) 148

   4.  d) 149