IC11 PRACTICE OF GENERAL INSURANCE EXAM - 31
Que. 1 : Q1) Which among the following is a Definition of Moral Hazard?
1. a) Individual Moral Weakness
2. b) The risk arising due to natural calamities
3. c) The risk arising due to the age of the policy holder
4. d) The risk arising due to the age of the vehicle
Que. 2 : Q2) Under which of the following circumstances market value only is payable under fire reinstatement value policy
1. a) Insured is unwilling to reinstate
2. b) Heavy under insurance
3. c) Breach of warranty
4. d) Breach of utmost good faith
Que. 3 : Q3) ________ hazard is not one of the prime hazards an underwriter looks at.
1. a) Physical
2. b) Moral
3. c) Risk
4. d) Financial
Que. 4 : Q4) Which of the following is not paid upto the full limit of cover under the overseas medical policy?
1. a) Physical
2. b) Moral
3. c) Risk
4. d) Financial
Que. 5 : Q5) An Excess is another word for
1. a) Franchise
2. b) Warranty
3. c) Deductible
4. d) Exclusion