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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. Which of the following occupations does not fall under Risk Group I for rating purposes (Personal Accident)? A. Accountants B. Veterinary doctors C. Lawyers D. Bankers 2. Which of the following occupations falls under Risk Group III for rating purposes (Personal Accident)? A. mining engineers B. jockeys C. circus personnel D. All these 3. Which of the following perils can be added, with extra premium to Institute Cargo Clauses (B)? A. Fresh water damage B. Rain water damage C. Inherent vice D. Country damage 4. Which of the following perils can be an 'add-on' cover at extra premium under the Standard Fire and Special perils policy? A. Flood B. Explosion C. Earthquake D. Cyclone 5. Which of the following perils is not covered under Standard Fire and Special perils policy? A. Flood B. Subsidence C. Bush Fire D. Forest Fire 6. Which of the following persons are not eligible for Overseas Employment and Study policy? A. Students doing studies B. Students doing research C. Construction workers temporarily posted abroad D. Software engineers temporarily posted abroad 7. Which of the following policies are not granted in Burglary (Business Premises) policy? A. First Loss policy B. Reinstatement value policy C. Declaration policy D. Floating policy 8. Which of the following principles prevents an insured from making a profit out of his loss? A. Proximate cause B. Pro-rata average C. Indemnity D. Insurable interest 9. Which of the following products is charged the highest rate of premium under products liability policy? A. motor vehicles B. motor vehicle tyres C. alcoholic beverage D. pharmaceutical products 10. Which of the following projects does not fall under Contractors All Risk policy? A. Installation of machinery B. Buildings C. Tunnels D. Bridges 11. Which of the following properties can be covered under All Risks policy on "agreed value" basis? A. Watches B. Cameras C. Binoculars D. Paintings 12. Which of the following property can be insured under Machinery Breakdown policy? A. electrical equipment B. mechanical equipment C. lifting equipment D. All these 13. Which of the following property is covered under the fire policy if expressly stated in the policy? A. books of account B. business books C. computer system records D. all these 14. Which of the following provide(s) Social Security? A. Crop insurance Scheme (RKBY) B. Janta Personal Accident C. Jan Arogya D. All above 15. Which of the following questions is common to all proposal forms? A. Proposer's previous insurance B. Proposer's Present insurance C. Past losses D. All these 16. Which of the following requirements does not apply for granting cash-in-safe insurance? A. The safe is 'burglar-proof' B. The safe is brand new C. The safe is of approved make D. The safe is of approved design 17. Which of the following requisites applies/apply for eligibility for Overseas Medical policy of foreign nationals working in India for Indian Employers of multi-national organization? A. Their salary must be in Indian Rupees B. Visit abroad for official purposes C. Visit abroad is undertaken on behalf of employer D. All the above 18. Which of the following risks can be added to ICC(B) clause on payment of extra premium : A. Theft B. Pilferage C. Non-delivery D. All these 19. Which of the following risks covered under Institute Cargo Clauses (B) is not covered under Institute Cargo Clauses (C)? A. stranding of vessel B. collision of vessel C. sea-water damage D. explosion 20. Which of the following risks does not require additional premium under money in transit policy? A. Riot B. Strike C. Robbery D. Terrorism 21. Which of the following risks falls under Group IV for rating purposes under Industrial Risks Public Liability policy? A. Distilleries B. Match factories C. Breweries D. Biscuit factories 22. Which of the following risks is automatically covered under Institute Cargo Clauses (A) without extra premium : A. inherent vice B. country damage C. war and kindred risks D. strikes, riots and civil commotion 23. Which of the following risks is excluded under Salt Works insurance policy? A. Storm and cyclone B. Flood C. Unseasonal rain D. None of these 24. Which of the following risks is excluded under Television insurance policy? A. Lightning B. Riot & Strike C. Theft D. None of the these 25. Which of the following risks is excluded under cattle policy. A. Earthquake B. Flood C. Riot and Strike D. Theft 26. Which of the following risks is not covered at extra premium under Burglary (Business Premises) policy? A. Strike B. Riot C. Breakage of plate glass D. Terrorism 27. Which of the following risks is/are covered under Institute Cargo Clauses (B)? A. Washing overboard B. Total loss of package during loading C. Earthquake D. All these 28. Which of the following risks, excluded under ICC clauses can be covered on payment of extra premium? A. Loss by delay B. Loss from insolvency of owners of the vessel C. Loss due to inadequate packing D. War and kindred perils 29. Which of the following statements is correct according to law? A. The parties to a commercial contract have to observe good faith B. The parties to an insurance contract have to observe utmost good faith C. Both these D. Neither of these 30. Which of the following statements is correct? A. A void contract has no legal validity B. A voidable contract remains a contract until the insurer exercises his option to void the contract C. Both above D. Neither of above 31. Which of the following statements is correct? A. Subrogation does not arise in personal accident insurance B. Contribution does not arise in personal accident insurance C. Both are correct D. Neither is correct 32. Which of the following statements is true for motor third party policies? A. Insurers charge premium fixed by IRDA. B. Insurers can charge higher rates based on their own past loss experience. C. Both are true D. Both are false 33. Which of the following statements is true in the relation to Flight Coupons on declaration basis? A. Flight insurance coupons are issued to individuals. B. Flight insurance coupons are issued to companies in respect of their employees who travel by air frequently. C. Both are true D. Both are false 34. Which of the following statements is true under Code of conduct for Agents? A. The Agent must show his licence to the prospect on demand B. The Agent must disclose the scales of commission under policies offered for sale, if asked by the prospect. C. Both are true D. Both are false 35. Which of the following statements is true? A Group Mediclaim is available to any group, subject to the following: A. The Group has a central administration point. B. The prescribed number of persons are covered. C. Both are true D. Both are false 36. Which of the following statements is true? A. No claim can be paid under an illegal policy B. Claim can be paid, at the option of the insurer under a void policy C. Both are true D. Both are false 37. Which of the following statements is true? A. A life insurer may offer life micro-insurance product as well as general micro-insurance products B. A general insurer may offer general micro-insurance product as also life micro-insurance products. C. Both are true D. Both are false 38. Which of the following statements is true? A. A micro-agent shall not distribute any product other than a micro-insurance product. B. A micro-agent shall not work for more than one life insurer and one general insurer. C. Both are true D. Both are false 39. Which of the following statements is true? A. Actual Total loss occurs where the subject matter of insurance is entirely destroyed. B. Constructive Total loss occurs where the cost of repairs of damaged goods exceeds the value of goods after repair. C. Both are true D. Both are false 40. Which of the following statements is true? A. All disputes regarding claim under the fire policy are to be referred to a Civil Court B. Disputes regarding the amount of claim payable are to be referred to arbitration. C. Both are true D. Both are false 41. Which of the following statements is true? A. Bonus/ Malus clause applies to individual Mediclaim policy. B. Bonus / Malus clause applies to Group Mediclaim policy. C. Both are true D. Both are false 42. Which of the following statements is true? A. Certificate of insurance under open Policy is not stamped. B. Certificate of insurance under open cover is stamped. C. Both are true D. Both are false 43. Which of the following statements is true? A. Claims under CPAA Cancer policy are paid by insurers. B. These claims and documents have to be certified by CPAA. C. Both are true D. Both are false 44. Which of the following statements is true? A. Code of Conduct applies to corporate insurance executives B. Code of Conduct applies to 'specified persons' of corporate agents C. Both are true D. Neither is true 45. Which of the following statements is true? A. Code of Conduct does not apply to insurance brokers B. Code of Conduct does not apply to surveyers and loss assessors C. Both are true D. Both are false 46. Which of the following statements is true? A. Code of conduct regulations apply to micro-insurance agents B. Advertisement regulations apply to micro-insurance agents C. Both are true D. Both are false 47. Which of the following statements is true? A. Compensation to victims of 'hit and run' motor accident is payable out of Solatium Fund. B. Compensation for victims of motor accident on no-fault basis is awarded by the Motor Accident Claims Tribunal. C. Both are true D. Both are false 48. Which of the following statements is true? A. Compulsory excess is applicable to Doctors professional indemnities B. Compulsory excess is applicable to professional indemnities for medical establishments C. Both are true D. Both are false 49. Which of the following statements is true? A. Contractors All Risks policy covers civil engineering projects B. Erection All Risks policy covers machinery during erection C. Both are true D. Both are false 50. Which of the following statements is true? A. Corporate Frequent Travellers policy is issued to individuals only. B. The cover under this policy is subject to the Insured person advising insurers any material change in his health condition. C. Both are true D. Both are false | |