IC72 MOTOR INSURANCE EXAM – 06


Que. 1 : Q1) Under personal accident cover for owner -driver the capital sum insured for commercial vehicles is

   1.  a) Rs. 50,000/-

   2.  b) 1,00,000/-

   3.  c) 2,00,000/-

   4.  d) 3,00,000/-

Que. 2 : Q2) In respect of minor damage claims, where the loss is less than Rs.50,000/- independent surveyors are necessarily appointed.Say whether True or False.

   1.  a) True

   2.  b) False

   3.  

   4.  

Que. 3 : Q3) Predictive analytics is not just for fraud management in insurance industry anymore, but the same can extend into other ares of claims management such as

   1.  a) Surveyors and loss Adjusters assignment

   2.  b) Loss-adjustment expense

   3.  c) Decision-support

   4.  d) All of the above

Que. 4 : Q4) Which permits are issued under Section 72 of Motor Vehicles Act, 1988 depending upon the requirement of buses on different route of the city and these permit holders can operate their bus under their allotted routes for picking up passengers from one place to another?

   1.  a) Temporary permits

   2.  b) Rent-a-Cab Permits

   3.  c) All India Tourist Permit

   4.  d) Stage Carriage Permits

Que. 5 : Q5) The concept of No fault liability as envisaged in MV Act 1939 is reflected in

   1.  a) Section 163 of MV Act

   2.  b) Section 149 of MV Act

   3.  c) Section 140 of MV Act

   4.  d) None of the above.