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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 the Critical Illness policy, any cricital illness is not covered if discovered within : A. 30 days B. 45 days C. 60 days D. 90 days 2. Under the Motor Vehicles Act the limit of liability for death or bodily injury of a passenger in a public service vehicle is: A. Rs25,000 B. Rs50,000 C. Rs1,00,000 D. Unlimited 3. Under the Motor Vehicles Act, the amount of compensation for death on the basis of no-fault liability is: A. Rs.25,000/- B. Rs.50,000/ C. Rs.1,00,000/- D. Rs.2,00,000/- 4. Under the Motor Vehicles Act, the fixed compensation for death in hit and run motor accident is: A. Rs. 12,500/- B. Rs.25,000/- C. Rs.50,000/- D. Rs.1,00,000/- 5. Under the Motor Vehicles Act, the limit of liability for damage to property of third party is: A. Rs10,000 B. Rs6,000 C. Rs20,000 D. Rs25,000 6. Under the private car package policy the towing charges in respect of a damaged vehicle mean : A. cost of protection to the vehicle B. cost of removal to the nearest repairer C. cost of re-delivery to the insured D. All of the above 7. Under which of the following Fidelity Guarantee policies, individual amount of guarantee is not specified? A. Collective policy B. Floating policy C. Positions policy D. Blanket policy 8. Under which of the following Personal Accident policies long term discount is available? A. individual policies B. family package policies C. group policies on Government employees D. Group Janata personal accident policy 9. Under which of the following circumstances marine cover note is issued? A. Name of Steamer not known B. Number and date of railway receipt is not known C. Number of packages involved in transit are not known D. All these 10. Under which of the following circumstances market value only is payable under Fire reinstatement value policy? A. insured is unwilling to reinstate B. heavy under insurance C. breach of warranty D. breach of utmost good faith 11. Under which of the following circumstances, loss is not payable under loss of passport section of Overseas Medical policy? A. Confiscation by customs B. Detention by police or other authority C. No official report from the police D. All the above 12. Under which of the following circumstances, reinstatement basis of settlement will not apply under Fire reinstatement value policy? A. insured fails to intimate the insurer within 6 months or any extended time to replace the damaged property B. insured is unable to replace the damaged property C. insured is unwilling to replace the damaged property D. All the above three 13. Under which of the following claims, the waiting period does not apply? A. normal delivery B. caesarean section C. abdominal operation for extra uterine pregnancy D. applies to all 14. Under which of the following clauses, the insured has to bear a part of the loss? A. Pro-rata average B. Franchise clause C. Excess clause D. All the above clauses 15. Under which of the following fidelity guarantee policies, 'per capita' additional premium is charged? A. collective B. floating C. positions D. blanket 16. Under which of the following modes of transit, jewellery is covered on'All Risks' basis under Jeweller's Block policy? A. Registered Parcel Post B. Air Freight C. Through Angadia All these D. D 17. Under which of the following policies the sum insured is required to be current replacement value? A. Boiler B. Machinery Breakdown C. Electronic Equipment D. All these 18. Under which of the following sections of Overseas Medical Policy, deductible does not apply : A. Medical Expenses B. Personal Accident C. Personal Liability D. Loss of Passport 19. Under which of the following the seller arranges cargo insurance for the entire voyage. A. FOB contract B. FOR contract C. C&F contract D. CIF contract 20. Under which of the policies pro-rata average is not applied? A. Cash in safe policy B. Burglary Declaration policy C. Burglary Floating policy D. First Loss policy 21. Unless, specifically agreed by insurers, The insurance under Overseas Medical Policy does not operate in case of continuous absence beyond a period of : A. 60 days B. 90 days C. 120 days D. 180 days 22. Waiting period applicable for payment of a Maternity claim : A. 8 months B. 9 months C. 10 months D. 12 months 23. What is the amount of claim payable if the loss is Rs8,000 under a policy with a sum insured of Rs 1 lakh and excess limit is Rs10,000/-? A. Nil B. Rs10,000 C. Rs.8,000 D. Rs.2,000 24. When badly damaged goods are abandoned because the cost of reconditioning exceeds the value of goods after reconditioning, the loss is settled as : A. salvage loss B. actual total loss C. constructive total loss D. general average loss 25. When there are several po1icies on the same subject matter, each insurer pays only a proportion of the loss. This is known as : A. pro-rata average B. franchise C. contribution D. subrogation 26. When there is fraudulent breach of utmost good faith, the insurance contract becomes : A. unenforceable in a Court of Law B. illegal C. void D. voidable 27. Where there is frequent fluctuations in stocks / stock values, which of the following provides suitable cover? A. Fire floating policy B. Fire policy with Escalation clause C. Fire Reinstatement Value policy D. Fire Declaration policy 28. Which of the following Fidelity Guarantee policies is usually granted to large reputable firms to cover their entire staff? A. Floating policy B. Collective policy C. Blanket policy D. Positions policy 29. Which of the following Occupations does not fall under Group II for rating purposes (Personal Accident)? A. Lorry drivers B. Motor Mechanics C. Consulting Architects D. Paid drivers of motor cars 30. Which of the following Statements is true? A. Consequential Loss (Fire) policy must be taken in conjunction with Material Damage (fire) policy. B. Payment of loss under Consequential Loss (Fire) policy is subject to payment of loss under fire material damage policy. C. Both are true D. Both are false 31. Which of the following additional benefits under personal accident insurance attracts extra premium: A. medical expenses B. expenses for carriage of dead body C. children's education fund D. cumulative bonus 32. Which of the following appear as exclusions under personal accident insurance? A. Childbirth or pregnancy B. Service in the armed forces C. Accident indirectly caused by insane D. All these 33. Which of the following are allowed, under the regulations, to distribute micro-insurance products? A. individual agents B. corporate agents C. brokers D. all these 34. Which of the following are covered in fire insurance? A. raw materials B. semi-finished goods C. packing materials D. All these 35. Which of the following are covered under Bankers' Blanket policies? A. Money and office contents B. Securities and office contents C. Only office contents D. Money and securities 36. Which of the following are grounds for filing a complaint to the Ombudsman? A. insurer had rejected the complaint B. complainant had not received any reply to his written representation to the insurer within one month after receipt of complaint C. the complainant is not satisfied with the insurer's reply D. All these 37. Which of the following are not covered under Banker's Blanket policies A. Fraud of insured's employees in respect of goods hypothecated to the insured B. Payment of forged cheques C. Loss due to faulty computer programming D. Loss of securities by burglary 38. Which of the following are not covered under Bankers' Blanket policies? A. trading losses B. payment of raised cheque C. dishonesty of the employee of the bank with respect to loss of money D. loss of securities by fire 39. Which of the following are standing charges? A. insurance premiums B. rent C. interest on loans from banks D. All the above 40. Which of the following attract additional premium under private car package policy? A. Electronic items fitted to the vehicle (but not included in the manufacturers price) B. CNG/LPG kit fitted to the vehicle C. Fibre glass fueltanks D. All these 41. Which of the following can be covered under money-in-transit policy at extra premium? A. dishonesty of persons carrying the cash B. loss of wages on premises during payment to employees C. Both can be covered D. Neither can be covered 42. Which of the following can be granted valued policies in fire insurances? A. Curios B. Works of art C. Obsolete machinery D. All these 43. Which of the following causes of breakage is covered under plate glass insurance policy? A. Fire B. Fxplosion C. Riot D. Accident 44. Which of the following claims have to be supported by independent medical report? A. Personal Accident B. Cattle C. Third Party (Injury) D. All the above 45. Which of the following commodities are susceptible to spontaneous combustion : A. groundnuts B. copra cake C. dyes and chemicals D. All the above 46. Which of the following complaints cannot be made to the Ombudsman? A. Total repudiation of claim by insurer B. Partial repudiation of claim by insurer C. Delay in settlement of claims D. Premium rates are high 47. Which of the following costs is payable under Mediclaim policy? A. Spectacles B. Lenses C. Hearing aids D. Artificial limbs 48. Which of the following covers in Householders' Package insurance is not included in Shopkeepers' Package insurance? A. Personal baggage B. Television C. Fixed Plate glass D. Legal liability to third parties 49. Which of the following covers in Shopkeepers' Package insurance is not included in Householders' Package insurance? A. Fixed Plate glass B. Neon sign C. Pedal cycles D. Legal liability to employees 50. Which of the following criteria has to be satisfied by a hospital or nursing home to be eligible to Provide treatment under Mediclaim policy? A. registration with local authorities B. operation theatre C. Doctors and nursing staff round the clock D. All thse | |