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The form will be autosubmitted at end of 60 minutes after page open/refresh. For each of the following multiple choice questions, choose the most appropriate answer : 1. Under Cattle policy, the claim is not payable for death due to disease occurring within how many days of the commencement of the risk? A. 7 days B. 15 days C. 21 days D. 30 days 2. Under Corporate Frequent Travel Annual policy the duration of any one trip should not exceed : A. 30 days B. 45 days C. 60 days D. 90 days 3. Under Corporate Group Overseas Medical Policy deposit Premium equal to Premium of days travel under plan (world-wide travel including USA/Canada), at least : A. 200 days B. 300 days C. 400 days D. 500 days 4. Under Corporate Group Overseas Medical Policy, the prescribed Medical reports are required for employees with age above : A. 55 years B. 60 years C. 65 years D. 70 years 5. Under Critical Illness policy which of the following is not specified as critical illness? A. Cancer B. Paralysis C. Tuberculosis D. Parkinson's Disease 6. Under Dog insurance which of the following risks can be covered at extra Premium? A. Death by accidental Poisoning B. Loss by theft C. Third party liability D. All these 7. Under Earthquake add-on cover, what is the excess value of each and every claim? A. 2% B. 3% C. 4% D. 5% 8. Under Fidelity Guarantees, the customary time limit for discovery of loss is not later than how many months after the resignation of the dishonest employee? A. 6 B. 12 C. 18 D. 24 9. Under IRDA Regulations every insurer shall underwrite business in the rural sector to the extent of at least how many % of the total gross premium in the first financial year? A. 1% B. 2% C. 3% D. 5% 10. Under IRDA Regulations it is the duty of an insurer to furnish to the insured free of charge a copy of the Proposal form, within how many days of the acceptance of a proposal? A. 7 days B. 15 days C. 30 days D. 45 days 11. Under IRDA guidelines which of the following Policies fall under Exposure Rated Products? A. Earthquake risk B. Policies with a sum insured of Rs2500 crores or more at one location for material damage C. Policies with a sum insured of Rs.2500 crores or More at one location for combined material damage or business interruption D. Liability insurance (Rs 100 crores or more per event) 12. Under IRDA guidelines which of the following Policies fall under Individual and Experience rated Products? A. Group Personal Accident B. Group Health C. Motor Fleets D. All the above 13. Under IRDA guidelines which of the following is eligible to become a Corporate agent? A. a banking company B. a cooperative society C. a non-government organisation D. All these 14. Under IRDA guidelines which of the following policies fall under Package or Customised Products? A. Homeowner's Comprehensive B. Shopkeeper,s Comprehensive C. Bankers Blanket D. All above 15. Under IRDA guidelines, which of the following policies does not fall under Internal Tariff rated products? A. Burglary insurance B. Fidelity insurance C. Personal accident insurance D. Group health insurance 16. Under Industrial Risks Public Liability policy the compulsory excess of a specified percentage is applied on the limit of indemnity : A. any one accident B. any one year C. Both are true D. Both are false 17. Under Industrial Risks Public Liability policy which of the following ratios of Any one Accident and Any one Year limits of indemnity are, not allowed? A. 1:2 B. 1:3 C. 1:4 D. 1:5 18. Under Inland Transit (Rail/Road) Clause (C), the insurance ceases : A. after 3 days of arrival of wagon at destination railway station B. after 7 days of arrival of wagon at destination railway station C. after 15 days of arrival of wagon at destination railway station D. On unloading of each package 19. Under Inland Transit (Rail/Road) Clause B & A, after arrival of the railway wagon at the final destination railway station, the duration of cover terminates after : A. 3 days B. 7 days C. 10days D. 15 days 20. Under Inland Transit (Rail/Road) Clause B on payment of extra premium : A. war risks can be covered B. strike, riots and civil commotion risks can be covered C. Both are true D. Both are false 21. Under Institute Cargo Clauses (AIR), at extra premium : A. war risks can be covered B. strike, riots and civil commotion risks can be covered. C. Both are true D. Both are false 22. Under Institute Cargo Clauses (AIR), the period of cover after unloading of cargo from the aircraft at the final place of discharge is limited to : A. 15 days B. 30 days C. 45 days D. 60 days 23. Under Jewellers Block policy which of the following property is covered against specified risks only and not on 'All Risks' basis? A. on premises B. in transit by air freight C. in transit by angadia D. in the custody of brokers 24. Under Marine-cum-Erection policy the cover commences when the equipment A. is loaded on the vessel B. is discharged at the port of entry C. is unloaded at the site of erection D. leaves the manufacturer's warehouse 25. Under Mediclaim policy any disease contracted by the insured during the first how many days from the commencement of policy is excluded? A. 15 days B. 30 days C. 45 days D. 60 days 26. Under Mediclalm policy, which of the following is not covered? A. Chemotherapy B. Radiotherapy C. Naturopathy D. Cost of pacemaker 27. Under Money insurance, estimated amount of cash in transit during the policy period: A. is the maximum amount payable for any one loss B. is the amount on which the premium is collected C. Both are correct D. Neither is correct 28. Under Motor Vehicles Act, liability under Workmen's Compensation Act towards which of the following is compulsorily insurable? A. Paid driver of vehicle B. Conductor (public service vehlcle) C. Ticket examiner (public service vehicle) D. All these 29. Under Motor package policy which of the following does not attract additional premium? A. Personal Accident cover for Owner-Driver B. Electronic fittings C. Use of CNG fuel D. Fibre glass fuel tanks 30. Under Overseas Medical Policy (loss of checked baggage) for which of the following items claim is not paid? A. binoculars B. sun-glasses C. antiques D. All the above 31. Under Overseas Medical Policy, if there is delay delivery of Baggage at the destination of outbound flght from India, emergency purchase of replacement items is paid, upto maximum delay period : A. 6 hours B. 12 hours C. 18 hours D. 24 hours 32. Under Overseas Medical policy, extension of the period of insurance is automatic and without extra premium, if due to delay of public transport services beyond the control of insured, for the period not exceeding : A. 7 days B. 15 days C. 21 days D. 30 days 33. Under Personal Accident Section of Overseas Medical Policy which of the following is not covered? A. Death B. Permanent total disablement C. Permanent partial disablement D. Loss of eye(s) or limb(s) 34. Under Personal Accident cover for Owner-driver the capital sum insured for private cars is : A. Rs50,000/- B. Rs1,00,000/- C. Rs2,00,000/- D. Rs3,00,000/- 35. Under Personal Accident cover for Owner-driver the capital sum insured for two-wheelers is : A. Rs25,000/- B. Rs50,006/ C. Rs1,00,000/- D. Rs.2,00,000/- 36. Under Personal Accident cover for Owner-driver the capital, sum insured for commercial vehicles is : A. Rs50,000/- B. Rs1,00,000/ C. Rs2,00,000/- D. Rs3,00,000/- 37. Under Public Liability Insurance Act 1991, the owner is not liable to pay relief in the event of A. death of any person B. injury to any person not resulting in death C. damage to property of any person D. injury to a workman within the meaning of Workmen's Compensation Act 38. Under Public Liability Insurance Act, 1991 a company handling hazardous substance has to insure for an amount not less than the amount: A. market value of assets the company B. market value of stocks the company C. paid-up capital D. turnover of hazardous substances 39. Under Public Liability Insurance Act, 1991 the aggregate liability of the insurer to pay relief in case of more than one accident during the currency of the policy shall not exceed A. Rs.5 crores B. Rs.7.5 crores C. Rs.10.00crores D. Rs.15.00 crores 40. Under Public Liability Insurance Act, 1991, application for claim for relief must be made to the collector within how many years of the occurrence of the accident? A. 1 year B. 2 years C. 3 years D. 5 years 41. Under Standard Fire and Special perils policy, Architect's fees are covered upto : A. 1 % of the claim amount B. 2% of the claim amount C. 3% of the claim amount D. 4% of the claim amount 42. Under Standard Fire and Special perils policy, Debris Removal expenses are covered upto : A. 1 % of the claim amount B. 2% of the claim amount C. 3% of the claim amount D. 4% of the claim amount 43. Under fire policy sum insured is Rs1,00,000/-, Loss is Rs.60,000/-, Value of property at the time of proposal Rs1,50,000/ Value of property at the time of loss Rs.2,00,000. What is the amount of loss payable? A. Rs40,000/- B. Rs30,000/- C. Rs.60,000/-Nil D. B 44. Under fire policy, pro-rata average applies when there is : A. double insurance B. over insurance C. under insurance D. subrogation 45. Under fire policy, the sum insured under Debris Removal add-on cover cannot exceed : A. 5% of total sum assured B. 10% of total sum assured C. 15% of total sum assured D. 20% of total sum assured 46. Under group Personal Accident policy, which of the following is true? A. Cumulative bonus does not apply B. Children's education grant is available C. Both are true D. Both are false 47. Under private car package policy constructive total loss arises if the cost of repairs of the damaged vehicle exceeds : A. 75% of Insured Declared Value B. 80% of Insured Declared Value C. 90% of Insured Declared Value D. 100% of Insured Declared Value 48. Under private car package policy which of the following exclusions does not appear in General Exceptions Clause of the policy? A. Driving without a valid licence B. Damage outside geographical area C. Breach of 'Limitations as to use' clause D. Driving under the influence of intoxicating liquor 49. Under private car package policy, the rate of depreciation for all parts made of glass is : A. 20% B. 30% C. 50% D. Nil 50. Under public liability policy for industrial risks, which of the following cannot be covered at extra premium? A. pollution B. earthquake C. transportation of hazardous substances D. fines and penalties | |