Que. 1 : Q1) An insurer may pay a claim for a loss which is excluded by a policy when

   1.  a) the claim applies to compulsory insurance

   2.  b) the insurer makes an ex-gratia settlement

   3.  c) an insurer exercises subrogation rights against a negligent third party

   4.  d) Settlement is made through the IRDA Claim Scheme

Que. 2 : Q2) Under which of the following P.A… Policies long term discount is available.

   1.  a) Individual policies

   2.  b) Family package policies

   3.  c) Group policies on Government employees

   4.  d) Group janata personal accident policy

Que. 3 : Q3) Which of the below will be treated in a day care center?

   1.  a) Cancer

   2.  b) Cataract

   3.  c) Stroke

   4.  d) Heart attack

Que. 4 : Q4) Who does the pricing of the products?

   1.  a) Surveyor

   2.  b) Loss Assessor

   3.  c) Risk Engineer

   4.  d) Actuary

Que. 5 : Q5) As per structured formula under the Motor Vehicle Act victims of fatal injuries are paid compensation on the basis of:

   1.  a) Age and sex

   2.  b) Age, Income and number of dependents

   3.  c) Income and size of family

   4.  d) Age and income