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Tag: English ic72 previous year question paper

IC72 MOTOR INSURANCE EXAM – 48

Que. 1 : Q1) What is the most overlooked factor and although the field of work covered is automobile assessing, it comprises basic principles of engineering?

   1.  a) Surveying ability

   2.  b) Extreme thoroughness

   3.  c) Human Relationship

   4.  d) None of the above

Que. 2 : Q2) What is not a factor for making provision for Motor TP claim?

   1.  a) Applicants amount claim

   2.  b) Legal expenses

   3.  c) Interest on delayed settlement

   4.  d) Interest already gained on incurred claim not yet paid

Que. 3 : Q3) Sum insured of a vehicle is based on:

   1.  a) Insured Market value

   2.  b) Insured Declared value

   3.  c) Insured Draft value

   4.  d) Insured Estimated value

Que. 4 : Q4) The ratio of judicial compensation hinges on the pivotal issues of:

   1.  a) Reasonable compensation

   2.  b) Uniformity in approach

   3.  c) Assessment with moderation

   4.  d) All of the above

Que. 5 : Q5) When an insured buys _________, he get an instant policy, as there is no documentation or paperwork involved.

   1.  a) Motor insurance renewal online

   2.  b) Motor Insurance online

   3.  c) Preferred Garages

   4.  d) None of the above