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Category: IC74 LIABILITY INSURANCE – 05

IC74 LIABILITY INSURANCE – 05

Que. 1 : Q1) What is also communication of false information similar to libel but in a verbal form?

   1.  a) Slander

   2.  b) Libel

   3.  c) Assault

   4.  d) None of these

Que. 2 : Q2) The term ___________ connotes specific responsibilities and obligations which can be enforced by law.

   1.  a) Depreciation

   2.  b) Accounting management

   3.  c) Legal liability

   4.  d) None of these

Que. 3 : Q3) Which of the following is correct about tort?

   1.  a) Grounds-Criminal wrongdoing

   2.  b) Initiating party-victim

   3.  c) Law-Penal code

   4.  d) Purpose-Punishment to criminal

Que. 4 : Q4) The reimbursement for funeral expenses is enhanced from ____________.

   1.  a) Rs.1,000 to Rs.2,000

   2.  b) Rs.1,500 to Rs.3,000

   3.  c) Rs.2,500 to Rs.5,000

   4.  d) Rs.5,000 to Rs.7,000

Que. 5 : Q5) The Errors and omission liability policy is subject to a deductible. such deductible may be:

   1.  a) A specified percentage of the limit of indemnity

   2.  b) A specified percentage of the limit of exclusion

   3.  c) A specified percentage of the limit of policy excess

   4.  d) None of the above