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[null,"Online Mock Test",null,null,null,null,null,null,null,null,"                                                 mock/classI/prom/2013/ncil/ub"]
[null,"National Insurance Co. Ltd."]
[]
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[null,null,null,null,null,null,null,null,"Version 11.00.02"]
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["-- Select --"]
["English"]
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[null,"Online Mock Test",null,null,null,null,null,null,null,null,"mock/classI/prom/2013/ncil/ub"]
[null,"National Insurance Co. Ltd."]
[]
[null," Fire & Engineeri..",null," Marine & Aviation",null," Motor (OD & TP)",null," Misc. (Other tha…",null," Reinsurance (Tre..",null,null,null,null,null,null,null,null,null,null,null,"Time Left ",null,null,null,"02:28:51"]
[]
[null," Finace (includi….",null,"HR (including H..)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"You are viewing"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fire & Engineeri.."]
[null,"Question Type : Multiple Choice Question",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Question palette :"]
[null," Question No. :",null,3,null,null,null,"            View in"]
[]
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["       "]
[]
[null,"Minimum SI for floater declaration policy "]
[]
[null,"           Rs. 5 Crores",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Legend :"]
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[null,"           Rs. 10 Crores",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Answered",null,null,null,null,null,"Marked"]
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[null,"           Rs. 15 Crores",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Not answered",null,null,null,null,null,"Not Visited"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,29,null,30]
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[null,"           Rs. 2 Crores"]
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[1,"Standby machinery in MBD is ","Not covered","Covered at a discount of 50% in premium rate","Covered at a discount of 75% in premium rate","Only covered when it is put to use","B"]
[2,"Issue of Fire declaration policy is not possible for ","Raw material","Finished goods","Process stock","None of the above","C"]
[3,"The maximum possible refund of premium under a fire declaration policy is ","60%","50%","40%","30%","B"]
[4,"A fire policy on residence attracts an excess of ","Rs. 10,000","Rs. 20,000","Rs. 5,000","Nil","D"]
[5,"Standard Fire Policy contains the following number of conditions ","13","14","15","16","C"]
[6,"Which one of the following is a mega risk?","A petroleum refinery with sum insured Rs 3000 cr","An organization having 25 different location with overall SI of Rs2500 cr","A power plant with sum insured Rs 2000 cr","A fertilizer plant with SI of Rs 600 cr","A"]
[7,"It is not the duty of the insured in the event of a claim under a fire policy to","Save as much as possible of the insured property","Take all reasonable steps to extinguish the fire","Shift the operations immediately","Diminish their loss","D"]
[8,"Fire Business is underwritten on the basis of ","Long tail liability","Loss Reserve","Profit Margin","Probable Maximum Loss","D"]
[9,"In a fire floater policy the minimum sum insured at one location should not be less than","50%","25%","10%","None of the above","D"]
[10,"A dish antenna(Covered under fire policy) breaks as a monkey jumps on it ","The claim is payable","The claim is not payable","The claim is payable as non standard","Some other insurance should have been taken","B"]
[11,"The FLOP policy covers","Loss of profit due to reduction in turnover during indemnity period","Loss of profit during the financial year","Loss of turnover due to fire","None of the above","A"]
[12,"Declaration policy can be issued ","For short period","Stocks undergoing process","Stocks in Rly Slidings","Fluctuation in stock","D"]
[13,"Silent risk under fire policy in manufacturing premises are treated as silent risk when?","The factory is closed for 1 week continuously","The factory is closed for 15 days continuously","The factory is closed for 30 days or more continuously","None of the above","C"]
[14,"Loss or damage to property caused by sprinkler leakage is covered under Fire Policy if leakage is caused by ","Heat due to fire","Leakage due to repair or alteration to the building premises","Loss or damage to property caused by sprinkler installation","Sprinkler installation by either repaired or extended","A"]
[15,"Sum Insured on Reinstatement value policy should show","Cost or rebuilding the subject matter on date of loss","Cost of reinstatement of subject matter at time of taking policy","Cost of rebuilding subject matter less depreciation on age on date of loss","None of the above","A"]
[16,"The advanced loss of profit policy covers","Loss of projected profit due to interruption of project by an insured peril","Loss of turnover after the commencement of project","Loss of projected profit due to non-completion of project","Due to insolvency","B"]
[17,"Loss due to flood on account of Tsunami is covered only when","STFI cover is not deleted","Add on cover EQ is opted","RSMD is not deleted","(a) & (b) above","D"]
[18,"Following Add on covers are not available in standard fire Special Perils Policy","Spontaneous combustion","Loss of rent clause","Start up expenses","None of the above","D"]
[19,"Industrial All Risk policy allows under insurance up to ","15% of Sum Insured","20% of Sum Insured","No allowance for under-insurance","Underinsurance to be computed as per fire tariff","A"]
[20,"For covering marine portion under an MCE policy you would require information","S.I. for Inland transit","S.I. for overseas transit","Both the above","None of the above","C"]
[21,"Long term Fire Policy can be issued for dwellings ","For minimum period of 2 years","For minimum period of 3 years","For minimum period of 5 years","None of the above","B"]
[22,"Material damage proviso under the consequential loss (Fire) Insurance means","Claims admissible under standard Fire and Special Perils Policy","Occurrence of the loss","Loss discovered during stock taking","Loss of goodwill","A"]
[23,"Declaration Policy has minimum SI of ","Rs. 5 Crores","Rs. 10 Crores","Rs. 1 crore","Rs. 0.50 crore","C"]
[24,"If the insured proposes to get add on cover for STFI during the middle of the policy","The same cannot be covered","The same can be covered","Covered with a waiting period of 15 days","Covered with a waiting period of 30 days","C"]
[25,"Which will be treated as Hazardous goods under Fire and special perils policy?","Methylated spirits","Common salt","Sodium carbonate","Sugar","A"]
[26,"In an LOP policy, Auditor fees is ","An Extension","A built in cover","A part of standing charges","Not to be covered","A"]
[27,"In consequential Loss(Fire) Insurance policy, the sum insured is arrived at by","All standing charges plus net profit","Specified standing charges plus net profit","Only net profit","None of the above","B"]
[28,"Project Policies are ","All Risk","Named Perils","Consequential Loss","Agreed value","A"]
[29,"For a RIV Policy the insured has to give his concurrence for settlement at market value basis","On day of loss","Within 12 months from date of loss","Within 180 days from date of loss","Not at all","D"]
[30,"Ultra sound machines can be covered under ","Machinery Breakdown Policy","Electronic Equipment Policy","Any of (a) & (b)","None of (a) & (b)","B","B"]
[31,"which of the following is not applicable in a RIV policy ","Designation of property","Under insurance","Depreciation","Salvage value","C","A"]
[32,"Minimum SI for floater declaration policy ","Rs. 5 Crores","Rs. 10 Crores","Rs. 15 Crores","Rs. 2 Crores","D"]
[33,"Stock is divided into how many categories for spontaneous combustion cover","3","4","5","6","B"]
[34,"Reinstatement value policy can be issued for","Stock in process","Building","Stock in go down","None of the above","B"]
[35,"FOES is an extension under:","CPM Policy","CAR Policy","DOS Policy","MBO Policy","C"]
[36,"Which of the following risks is not considered as add on cover?","Spontaneous combustion","Lightning","Earthquake","Startup expenses","B"]
[37,"Cracks appearing in a building on account of subsidence of land below","Fire Policy will cover the loss without any extension","Claim is payable on repair basis","Claim is not payable","Fire policy would have covered the claim had an extension been taken.","A"]
[38,"The material damage proviso under FLOP policy states that","Loss under LOP is admitted only after there is a loss under the fire material damage policy","The loss of profit policy is independent from the fire material damage policy","The loss under Fire and LOP policies cannot exceed the S.I. under fire policy","None of the above","A"]
[39,"DSU stands for","Delay in start up","Derivatives stock units","Dead stock under","Diluted stock undertaking","A"]
[40,"Which of the following losses is not covered under fire insurance policy?","Process losses","Impact Damage","Missile testing operations","Aircraft damage","A"]
[41,"Percentage of obligatory cession to GIC in 2013-14",10,"20","15",5,"D"]
[42,"What is meant by spontaneous combustion?","Charring due to self heating","Spread of fire","Change of color or deterioration in quality due to self heat","Loss or damage due to fire caused by own fermentation or natural heating","D"]
[43,"Storage of Hazardous chemical upto 5% of value at risk","Does not affect a claim","Renders a claim non-standard","Renders a claim as no claim","Can be covered after collection of extra premium","A"]
[44,"The adjustment of sum insured in EAR policy is not done in respect of ","Freight and Handling charges","Custom duties","Cost of erection","Increase or decrease in cost of contractors' plant and machinery","D"]
[45,"Standard Fire Policy doesn't cover","Fire","Spontaneous combustion","Lighting","Aircraft damage","B"]
[46,"Reinstatement value policy can be given to","Stocks","Building, Plant & machinery","Stock in process","All the above","B"]
[47,"Indemnification for stocks in Fire policy is based on","Invoice value","Market value or cost whichever is less","Reinstatement value","Book value","B"]
[48,"Common utilities outside the premises can be ","Rated per se","Rated as per the main risk","Highest rate to apply","Insured separately","A"]
[49,"Subsidence and landslide loss covers ","Coastal and River Erosion","Visible physical damage to property","Defective design","Demolition by government authority","B"]
[50,"Fire policy covers","12 named perils","Unnamed peril policy","All risk policy","None of the above","A"]
[51,"The gross profit insured under FLOP policy would cover ","Net Profit","Standing Charges","Both the above\n","None of the above\n","C"]
[52,"Terrorism cover under fire policy can be granted on First loss limit up to ","Rs. 200 crore","Rs. 300 crore","Rs. 500 crore","Rs. 1000 crore","D"]
[53,"Fire at supplier's premises can be a part of ","Material Damage Fire policy","An LOP policy","Is a stand alone policy","Has no relevance","B"]
[54,"Co-Insurance in Fire Policies pertains to","SI distributed over no. of locations","Policy shared amongst various insurers","Double insurance","Insured opting for an higher excess","B"]
[55,"Preliminary investigation of loss under Fire Policy includes","Whether the loss is caused by an insured peril","Whether the damaged is covered under the policy","Whether adjacent property is damaged","All of the above","D"]
[56,"A machine worth Rs. 40,000/- insured for Rs. 30,000/- under Fire Policy. It was damaged due to fire and the amount assessed in Rs. 16,000/- . The claim amount payable is:","Rs. 30,000/-","Rs. 12,000/-","Rs. 16,000/-","Rs. 40,000/-","B"]
[57,"In Fire LOP policies, indemnity period means","Specified policy period","Specified interruption period opted","Specified reinstatement period","None of the above","B"]
[58,"Rating under Petrochemical tariff is based on","Material factor of the raw materials and hold up capacity","Pressure and temperature","None of the above","Both 1 & 2 above","D"]
[59,"Which of the following statements is incorrect under fire policy subject to agreed bank clause?","Material change in risk does not affect the interest of the Banker","Valued policies can be issued whose mkt. value cannot be ascertained","In multiple occupancy building per se ratings is permitted","Insurable interest does not automatically pass onto the legal heir","D"]
[60,"Which one of the following could not be the basis of valuation of Fire insurance","Market value basis","RIV basis","Contract price basis","Original cost basis","C"]
[61,"Under Std. Fire & special perils policy debris removal upto 1% of the SI can be covered at an additional premium of ","15%","10%","5%","Nil","D"]
[62,"Please indicate which of the following statements is true","Tsunami is automatically covered in SFSP Policy","All Fire policies are agreed value policies","Stocks at Railway Yards can be covered in Declaration Policies","None of the above","D"]
[63,"Standard Fire policy covers","Loss due to explosion of boiler","Loss due to explosion of domestic boiler","Both (a) and (b)","None of the above","B"]
[64,"CPM is","Coverage all risk policy with inclusion of breakdown","All risk policy with exclusion of breakdown","Self propelled machineries on public/Private Road","None of the above","B"]
[65,"Ex-gratia settlement in fire policies are ","Under Insurance","Loss outside the ambit of the policy","Contribution","Subrogation","B"]
[66,"As per AIFT how many earthquake zones are available?","3","4","5","6","B"]
[67,"Basis of settlement in Fire policy can be","Market value basis only","Reinstatement value basis only","Market value or reinstatement value basis","None of the above","C"]
[68,"Fire policies can be issued for a period of more than 12 months in the following case","Shops","Factory","Dwelling","Godown","C"]
[69,"Which one of the considerations are not taken into account for processing fire claims","Condition of average","Breach of warranty","Confirmation of Surveyor about verification of books of accounts","Distance from fire station","D"]
[70,"The basis rate under Fire LOP policy is based on","The average rate of the process blocks under the Fire policy","The average rate of all blocks under Fire policy","A separate rate for selected block as per FLOP tariff","None of the above","A"]
[71,"Unless specified, Fire insurance policy covers works of Art up to a limit of ","Rs. 10,000","Rs. 15,000","Rs. 5000","None","A"]
[72,"A D.G. set covered under SFSP Policy removed to repairer's workshop for repairs caught fire on 73rd  day of such removal. The loss under the said SFSP policy will be","Payable","Payable as a non-standard claim","Not payable","Either of a or b","C"]
[73,"Insurance period for Storage cum Erection policy is ","1 Year","6 months prior to the final erection","1 month prior to the final erection","Period of contract","D"]
[74,"Silent  risks rates are applicable only for risks ratable under:","Section I","Section II","Section IV","Section VIII","C"]
[75,"In CAR policy, which of the following is not covered?","Theft","Fire","Breakdown"," secession of work","D"]
[76,"Which one of the following statement is incorrect?","IAR policy is an All risks policy with named exclusions","IAR policy provides for compulsory FLOP cover","IAR policy provides for compulsory MLOP cover","IAR policy provides for compulsory MI cover","C"]
[77,"Cancellation at the option of insured the premium retained by one of the following method","Short period scale","Pro-rata basis","50% of premium should be retained","No refund of premium","A"]
[78,"Compulsory excess and A.O.G. excess are not applicable to fire policy issued to following properties","Power Plant","Cloth Shop","Textile Factor","Dwellings","D"]
[79,"In Erection All Risk insurance liability of the insurers commence from","The time of loading the machinery at the port of loading","The time of unloading the machinery at the port of discharge","The time after unloading the machinery at the site of erection","The time of machinery leaves the warehouse of the supplier","C"]
[80,"Machinery Insurance does not cover","Internal fires","Breakage of parts due to entry of foreign object","Gross negligence","All of the above","C"]
[81,"Under EEI policies, AMC in force covering the equipment will help in ","charging less loading in the premium rates","better loss prevention and loss minimization","proper attention by the owner to his equipments in case of breakdowns","all the above","D"]
[82,"CAR policy is issued covering the interest of ","Contractors","Principals","Contractors or Principals","Contractors and Principals","D"]
[83,"Excess in Fire policy as per erstwile fire tariff is","Same amount of excess for fire peril & AOG peril","Different amount of excess for fire perils & AOG peril","Different percentage of excess for the peril & AOG peril","None of the above","B"]
[84,"Time Excess under MLOP policy is ","Three days","Fourteen days","Ten days","None","B"]
[85,"The word CONDITION OFAVERAGE is associated with ","Subrogation","Contribution","Underinsurance","Re-insurance","C"]
[86,"Which one of the following is not underwritten in Engg. Dept. ","CAR","EAR","IAR","CECR","C"]
[87,"The Fire Policy covers the following perils except one on payment of additional premium","Landslide","Architects etc. Feels","Debris removal","Forest fire","D"]
[88,"Additional expenses for Air freight for reinstatement of damaged property, under CAR policies is","Part of standard cover","To be insured as a separate item","To be insured as a separate item at additional premium","A free Add-on cover","C"]
[89,"Following Peril is not covered under Machinery Breakdown Insurance policy","Loss or Damage due to Electrical Short Circuit","Loss or Damage due to Defective Lubricant or Coolant","Loss or Damage due to Terrorism Act","Loss or Damage due to Human Error","C"]
[90,"In Engineering insurance, which is a correct representation of 'One Time' policy and 'Period' policy respectively. Select the best one from the following","CAR policy and EEI policy","MBD policy and MCE policy","EAR policy and ALOP policy","CPM policy and Boiler policy","A"]
[91,"The fundamental objective of Risk Management is ","preservation of assets and its earning power from loss or destruction","loss prevention and loss minimization","risk transfer or risk avoidance","transfer of pure risks for a cheap cost of insurance","A"]
[92,"PML stands for","Probable Maximum Loss","Probable Minimum Loss","Possible Minimum Loss","Possible Maximum Loss","A"]
[93,"Standard fire and special perils policy does not cover","Lightning","Forest fire","Impact damage","Subsidence and landslide","B"]
[94,"Machinery insurance policy shall be issued ","on agreed value basis","on reinstatement value basis","on first loss basis","on written down value basis","B"]
[95,"Under a machinery insurance policy, loss or damage to insured machinery, whilst being dismantled for overhauling or cleaning is","not covered","Covered","an add-on cover","a standard exclusion","B"]
[96,"In EEI policies EDP equipments can be covered for Comprehensive package cover. EDP in the above statement stands for","Electronic digital processing","Electronic data processing","Electronic diagnostic processors","Electronic digital processors","B"]
[97,"STFI peril can be deleted from Standard Fire Policy ","At inception only","within 3 months from the issuance of policy","Can be deleted any time during the currency of policy","Cannot be deleted at all","A"]
[98,"Delay in Start Up (DSU) policy is .. (Select the best answer from the following that fits the correct picture about the above policy)","an indemnity for cost escalation on account of Accidental Damage to project materials","issued to manufacturing unit to cover the rebooting expenses following operation of an insured peril","contemplated as an alternative to normal LOP policy","intended to cover the loss of market for delay in a new product launch by a FMCG maker.","A"]
[99,"Which policy is not issued for a period of more than 12 months ","CAR","MCE","SCE","CPM","D"]
[100,"Fire declaration policy cannot be issued for the one of the following items ","Stock","Stock in process","Raw materials","Finished goods","B"]
[101,"Indemnification of Total loss claims under EEI policy is implemented by adopting ","Market value of damaged equipment","Purchase price of damaged equipment","Replacement value of damaged equipment","Replacement value or Sum insured whichever is lower of the damage equipment","D"]
[102,"The force which causes the current to flow through circuit is known as ","Electro-magnetic Force (EMF)","Watt","Horsepower","None of the above","A"]
[103,"Long term Fire policy can be issued for dwellings for a maximum period of","5 years","2 years","4 years","None of above","D"]
[104,"In project insurance… the checking of parts, elements and/or production lines of the insured property under full or partial load and normal or stimulated operating conditions is called","Cold testing","Hot testing","Simulated testing","Commissioning","B"]
[105,"Which of the following is not an add on cover under a project policy ","Surrounding property","Third party liability","Off site storage and fabrication","Debris of uninsured property","D"]
[106,"Rates for 5 months short period insurance ","40%","50%","60%","70%","C"]
[107,"IAR Policy is subject to maximum deductible of","Rs. 50,00,000","Rs. 25,00,000","No upper limit","None of above","C"]
[108,"A CAR policy can be issued where civil work in a project is more than ","60%","50%","40%","25%","B"]
[109,"An Engineering Policy can be issued to cover","Moveable equipment","Portable equipment","both (a) & (b) above","None of above","A"]
[110,"Peril is","A cause of loss","A degree of loss","System to reduce the loss","None of the above","A"]
[111,"Which equipment cannot be covered under EEI policy ","Personal Computer","Laptop","Sonography","MRI Scanner Equipments","B"]
[112,"Terrorism pool is managed by","Head office of companies","Reinsurance committee","GIC RE","IRDA","C"]
[113,"Reinstatement of sum insured to the extent of loss paid in CAR policies is ","Compulsory","Optional","Not required","Optional Add-on cover","A"]
[114,"How many classified group of machineries available under CPM policy?","Seven","Five","Ten","Three","B"]
[115,"A claim is reported under an IAR Policy. It is found that the property was under insured to the extent of 17.5%. Payable amount will be","Assessed loss less 2.5%","Assessed loss less 17.5%","Assessed loss less 15%","Assessed loss","B"]
[116,"Which of the following peril is not wind related ","Storm","Inundation","Cyclone","Hurricane","B"]
[117,"Which of the following machines constitute declined risk for machinery insurance","Stone crushers","DG sets","Room Air conditioners","Oil Expellers","A"]
[118,"M/s. John & Co. takes Business Interruption Insurance (Fire)) policy with an Indemnity period of 24 months.  Normally premium is collected","In 6 equal instalments","In instalments, first instalment should be more than 5%, next of the instalments and last instalments to be paid six months prior to 24 months period.","In full at the inception of the policy","In 12 equal instalments","C"]
[119,"In which of the following testing is an inbuilt cover ","CAR","CECR","EAR","MBD","C"]
[120,"In Electronic Equipment Insurance policy, 'External Data Media' can be covered under","Section 1","Section 1 A","Section 2","Section 3","C"]
[121,"Excess is not applicable is case of ","EAR policy","EEI policy","Boiler & Pressure plant policy","MBD policy","C"]
[122,"Under EAR policy “Cold Testing” means ","Plant is situated at cold place","Checking of parts under cold condition","Testing of parts under “No Load” condition","Testing of parts under full load conditions","C"]
[123,"“HOT Testing” under EAR policy means ","Plant is situated at hot place","Checking of parts under hot condition","Testing of parts under full or partial load","Testing of parts under full load conditions","C"]
[124,"Which insurance policy protects contractors, projects, bridges etc","Engineering","Fire","Liability","Marine","A"]
[125,"In Deterioration of Stocks (DOS) other than potatoes insurance policy, which is not an exclusion, among the following","Fire, lightning, chemical explosion","Storm, Tempest, Earthquake, Inundation","Stocks purification in cold storage due to breakdown of refrigeration plant","TP claims for poisoning as a result of eating contaminated goods","D"]
[126,"In EAR policy","Prime Cost of materials is subject to premium adjustment","Freight and handling charges, customs dues and construction cost is not subject to premium adjustment","Prime Cost of materials is not subject to premium adjustment","None of the above is correct","C"]
[127,"Machinery Insurance Policy provides insurance protection of against mechanical & electrical breakdown and also human errors & negligence","Electrical & Electrical Machines while at work","All machines & tools except electronic machines while at work","All machines except electrical machines while not at work","All rotating and static equipment while at work or at rest including human error and negligence","D"]
[128,"CAR policies are not subject to premium adjustment clause which provides for sum insured adjustment on completion of construction, on the basis of actual values in respect of ","Increase/decrease in the prime cost of material","Increase/decrease in construction cost, freight, customs duty etc.","Increase/decrease in wages pay out only","Increase/decrease in values due to change in Government regulations only","A"]
[129,"Maximum permissible escalation under an EAR policy is ","25%","50%","75%","None","B"]
[130,"In the event of a claim under FIRE Policy","Sum Insured is reduced by the amount of claim","Sum Insured is reduced by amount intimated","Sum Insured is not reduced at all","None","A"]
[131,"All movable/portable electronic equipments can now be covered under standard EEI policy","with 30% loading","with 20% loading","without loading","with 10% loading","D"]
[132,"“Without prejudice” means","Proof of admission of liability","Proof of non-admission of liability","Both (a) & (b) above","None of the above","D"]
[133,"While assessing an LOP claim, Annual Turnover is used to determine","Reduction in Turnover","Increase in cost of working","Adequacy of Sum Insured","Saving in insured standing charges","C"]
[134,"Under Electronic equipment policy there is no coverage available for","System software","Application software","Punched tapes","Increased cost of working","B"]
[135,"“Ejusdem generics” rule means ","Of different kind","Of same kind","None of the above","Both of the above","B"]
[136,"The sum insured at any one location for issuing Mega risk policy is","Rs. 5000 crores","Rs. 10000 crores","Rs. 12000 crores","None of the above amount","B"]
[137,"Sum Insured under Erection All risk policy can adjusted on completion of project either by collection or refund of premium except ","Freight & handling Charges of plant and Machinery","Prime cost of Machinery","Cost of erection of plant & machinery","Customs dues","B"]
[138,"In EAR policy rating the key factors are P. Risk Classification Q. Project period R. Testing period S. Estimated completed project cost. Out of the above which key factor is more important for rating","P & Q","Q & R","P & S","P, Q, R & S","D"]
[139,"\"Works contracts\" is an important document for Contactor's All Risk Insurance. This document helps in ","Defining the job award to the contractor","Understanding the responsilibilities of the Principal and the Contractor to arrange different type of insurances for the project property, people invloved and TP liabilities relating to project work.","Comparing the contract work period and CAR policy period for rating the risks","Recording the contract work description correctly on the CAR policy","A"]
[140,"CECR (policy) stands for","Civil Engineering contractors' risk insurance","Civil Engineering completed risks insurance","Civil Engineering construction risks insurance","None of the above","B"]
[141,"The one of the peril not covered under the basic fire policy ","Damage by smoke and heat of the fire","Damage caused deliberately or accidentally by fire-brigades in the discharge of their duties","Damage to property removed from a burning building caused by exposure to weather","Destruction or damage to property insured by its own fermentation or spontaneous combustion","D"]
[142,"Name of the policy under which operation of several occurrences will also constitute a single claim","FLOP","ALOP","ELOP","MLOP","B"]
[143,"Under Engineering Project Insurance, the maximum percentage of escalation that can be chosen by the insured is","25% of the Sum insured","25% of the reinstatement value","50% of the replacement value","50% of the sum insured","D"]
[144,"How many numbers of deductibles (policy excess) are applicable in CAR policies (other than Terrorism cover excess)","One","Two","Three","Four","C"]
[145,"Material Damage (MD) proviso of LOP policy states a. A MD policy covering physical damage must exist b. The MD policy should cover loss to raw mat'l c. LOP policy can be issued only for industrial/manufacturing risks d. A MD claim should be admissible under the material damage policy ","Statements 1 and 2 are correct","Statements 1 and 3 are correct","Statements 2 and 4 are correct","Statements 1 and 4 are correct","D"]
[146,"If a policy is cancelled at the option of insured","Premium adjustment is made on pro-rata basis","Premium cannot be refunded","Premium adjustment is made on short period basis","Policy cannot be cancelled by the insured","C"]
[147,"Which of the following is excluded under Electronic Equipment policy","Theft","Consequential Loss","Riots","Fire","B"]
[148,"Which of the following perils form part of the basic package of standard fire and special perils policy","Earthquake","STFI","Spontaneous combustion","Leakage & Contamination","B"]
[149,"Fire Material damage policy does not cover ","Furniture & Fixtures","Stock","Standing Charges","Stock in process","C"]
[150,"Material damage section of IAR Policy having S.I. more than Rs.100 cr. but up to Rs. 1500 cr. is subject to deductible of","5% of claim amount minimum Rs. 10 lacs","5% of claim amount maximum Rs. 10 lacs","5% of claim amount minimum Rs. 10 lacs, maximum Rs. 50 lacs","5% of claim amount minimum Rs. 5 lacs, maximum Rs. 50 lacs","A"]
[151,"F.E.A. stands for","Fire Eliminating Application","Fire Extinguishing Appliances","Fire Electrical Appliance","Fire Equipments Allowance","B"]
[152,"Which of the statement given below is most relevant in case of engineering operational policies and Business Interruption policies","In case mid term increase in sum insured, the premium chargeable is on pro-rata basis for the unexpired policy period.","In case mid term increase in sum insured, the premium chargeable is on short period basis for the unexpired policy period","In case mid term increase in sum insured and renewed with the same or enhanced sum insured with same insured then refund on premium arising out of difference between short period and pro-rata premium is made.","In case mid term increase in sum insured and renewed with the same insurer then refund on premium arising out of difference between short period and pro-rata premium is made","D"]
[153,"In MI policy, basis of indemnification for total loss/constructive total loss is","New replacement value plus cost of removing the damaged machinery less value of salvage","New replacement value","Market value plus cost of removing the damaged machinery less value of salvage","Market value","C"]
[154,"Selection of sum insured under Fire policy ","Can be allowed","Can be allowed only after charging short period premium rate","Cannot be allowed","None of the above","C"]
[155,"Machinery Insurance Policy guidelines provides for ","insurance of selected machinery","insurance of specified parts of selected machines","prohibition of selection of machinery against insurance","insurance of depreciated value method og partial loss settlements","A"]
[156,"When electronic equipment is insured under both EEI policy and Standard Fire and Special Perils policy with Earthquake cover included, the discount permissible under EEI policy is ","5% of the applicable EEI rate","10% of applicable EEI rate","15% of the applicable EEI rate","20% of the applicable EEI rate","A"]
[157,"In MI policy, Sum Insured represents ","Current market value","New Replacement value","Current market value including transportation cost to site, customs dues and all installation costs.","New Replacement value including transportation cost to site, customs dues and all installation costs","D"]
[158,"A claim towards Architects, Surveyors and Consulting Engineers Fees as an Add on cover under SFSP policy can be paid up to maximum of","5% of adjusted loss","5% of Sum Insured","10% of Sum Insured","7.5% of adjusted loss","D"]
[159,"An Advance Loss of Profit policy indemnifies the Principal or the project owner for loss of revenue arising out of delay in completion of project due to ","other contractor’s delay which is not in the scope of the policy holder.","delay in receipt of project consignment due to accident during transit period","operation of an insured peril covered under SCE/CAR policies","Speculative or trade risks which relates to political, social or economic reasons or shortcomings in the management","C"]
[160,"An Engineering policy which is not an annual policy","Contractors' Plant & Machinery policy","Contractors' All Risks Policy","Civil Engineering Completed Risks Policy","BPP Insurance Policy","B"]
[161,"In MCE policies the marine cover granted is subject to Institute Cargo Clauses i.e.","ICC 'A'","ICC 'B'","ICC 'C'","as per option of insured","A"]
[162,"The term 'Time Excess' is applicable to","LOP","MBD","EEI","CPM","A"]
[163,"Which of the following policy normally cover lift cranes, Material handling plant and equipment in the construction and project sites","Contractor Plant & Machinery","Contractor All Risk","Marine cum erection policy","Erection All Risk","A"]
[164,"Complete pricing decontrol was made effective from","01st Sept. 2007","01st Nov. 2007","01st Jan. 2008","01st Apr. 2008","D"]
[165,"IAR Policy does not cover","Plant and Machinery in open","Vehicles registered for general road use","Stocks in open","Movement of materials within the premises","B"]
[166,"Losses on account of faulty design, faulty materials or faults in manufacturing or assembling electronic equipments (manufacturing defects) are under EEI policy","not covered under Section 1 of the policy","covered under Section 1 of the policy","not covered under Section 1 of the policy but on payment of extra premium can be covered","Annual maintenance contract will take care of it hence need not be covered.","A"]
[167,"Exclusion K of CPM policy relates to","Machinery working under ground","War Perils","Nuclear perils","Transit risks between sites","A"]
[168,"Certain discount may be given in electric equipment policy, if the same property is covered under Fire Policy","5%","10%","25%","50%","A"]
[169,"Which of the following policy normally covers lift cranes, Material handling plant and equipment in the construction and project sites ","Contractor Plant & Machinery","Contractor All Risk","Marine cum erection policy","Erection All Risk","A"]
[170,"Construction Plant and Machinery is","to be compulsorily insured under a CPM policy","Insurable as a separate item in CAR policy","To be insured in a Fire policy as property in open","To be insured under Machinery Insurance policy only","B"]
[171,"Fire Policy does not cover ","RSDMD","Electrical/ Mechanical Breakdown","Terrorism","AOG peril","B"]
[172,"Boiler and Pressure Plant (BPP) policy has minimum deductible","Rs. 10,000","5% of claim amount","5% of claim amount, minimum Rs. 10,000","No deductible is applicable","D"]
[173,"What is the major difference in the scope of cover between EAR policy and CAR policy","Faulty design","Premium adjustment clause (on project completion)","Testing period cover","Maintenance and Extensions","C"]
[174,"The basis of loss settlement in partial loss claims under CAR policy is","Actual value of property before loss occurrence minus salvage value","Prorata value, on daily basis, of the value of property on completion of construction upto the date of loss minus salvage value.","Actual cost of repairs necessary to restore the proeprty to the pre-loss occurrence condition minus salvage","Actual value of proeprty before loss occurrence","C"]
[175,"Which of the following is operational phase policy and not construction phase policy under engineering insurance","Contractors All Risk","Electronic Equipment","Erection All Risk","Marine-cum-Erection","B"]
[176,"Annual Gross profit means","Net profits plus standing charges","Turnover minus variable cost","None of the above","Both of 'c' and 'd'","D"]
[177,"Which of the following is not an exclusion under Contractors All Risk Insurance Policy","The first amount of the loss arising out of each and every occurrence shown as Excess the Schedule;","Loss/damage during erection of plant and machinery;","Normal wear and tear, gradual deterioration due to atmospheric conditions or lack of use or obsolescence or otherwise, rust, scratching of painted or polished surfaces or breakage of glass;","Loss or damage due to faulty design","B"]
[178,"Sum insured of Contractors All Risk policy is complete estimated erected value inclusive of ","Custom duties","Wages","Freight","All of the above","D"]
[179,"Mobile construction equipments can be covered under ","Motor Policy","CAR Policy","CPM Policy","Both (a) & (c)","C"]
[180,"Sum Insured under Escalation clause in Fire policies is automatically increased","Instantly","On daily basis","Monthly","Quarterly","B"]
[181,"\"Wet Risk\" refer to ","Hydro Electric plants","Coffer Dams","Submerged sub-sea pipeline","Contract works involving construction in and adjoining water, river, lakes, sea etc.","D"]
[182,"Identify among the following which is not a fire fighting tool in a project site.","Hydrants","Sprinklers","Fire tender","Smoke detector","D"]
[183,"FEA discount can be granted by one of the following methods. Choose the correct one","Mere installation of FEA","Inspection of company engineers/accredited engineers/ agencies by IRDA","Insurer can grant at their wishes","None of the above","B"]
[184,"Standard fire policy covers which one of the following perils","Forest fire","Earthquake","Hailstorm","Tsunami","C"]
[185,"Insurers are permitted to delete Impact damage cover from SFSP Policy","By allowing additional discount in premium","Without allowing a discount in premium","Even without the consent of the Insured","None of the above","D"]
[186,"Machinery used for handling materials or constructions are covered under","Fire Policy","Contractors all Risk Policy","CPM Policy","Machinery Breakdown Policy","C"]
[187,"In a EAR policy an indigenous made compressor covered under the policy got damaged while being shifted from storage yard to site of erection within the campus. New value of the compressor is Rs.1crore. Repair/replacement cost of parts Rs 50 Lacs. Salvage value of damaged parts Rs 2 lacs. Policy excess is Rs 1 lac during storage erection and Rs 5 lacs during testing. Excess is Rs 10 lacs for act of god perils. In case of no underinsurance Insurance company will settle the loss for ","Rs 48 Lacs","Rs 47 Lacs","Rs 45 lacs","Rs 43 Lacs","B"]
[188,"Which of the following is not a standing charge for LOP/ ALOP","Insurance premium","Advertisement & publicity","Rent and Tenants","Raw material cost","D"]
[189,"An insured takes fire insurance for building and contents and a machinery breakdown insurance policy for machineries.  A short circuit in one of the switch boards results in a spark in the air conditioner which results in a fire damaging furniture in the room apart from the air conditioner.  There is a valid claim under","Fire policy only","Machinery breakdown policy only","Both the policies","None of the policies","C"]
[190,"Designation of property clause relates to","Machinery Insurance","Fire Insurance","CPM Insurance","BPP Insurance","B"]
[191,"Explosion though a general exception under the policy, but certain occurrences 'which fall within the term “explosion” are covered under","Marine cum erection policy","Contractor Plant & Machinery","Contractor All Risk","Machinery Insurance Policy","A"]
[192,"Exgratia settlements are made by ","Claim settlement authority","One step above","Regional claims committee","Board of Directors","D"]
[193,"Machinery Loss of Profits Policy (MLOP) does not provide indemnity against which one of the following","Loss of net profit","Insured standing charges","Increased cost of working","Civil engineering works","D"]
[194,"Machinery Breakdown loss of profits (MLOP) policy has compulsory time excess of","14 days","21 days","7 days","No time excess is applicable","A"]
[195,"Local Authorities clause under Fire policy is applicable under ","Declaration policy","Standard Fire policy","Reinstatement value policy","Floater Declaration policy","C"]
[196,"IRDA has not permitted General Insurers to effect","Variations in deductibles","Issuance of IAR policy for S.I. less than Rs.100 crs.","Changes in basic Policy wordings of erstwhile Fire Tariff","Issuance of IAR policy for petrochemical risks","C"]
[197,"AOG peril does not include ","Terrorism","Earthquake","Flood","Inundation","A"]
[198,"Machinery Loss of Profits Policy (MLOP) does not provide indemnity against which one of the following","Loss of net profit","Insured standing charges","Increased cost of working","Civil engineering works","D"]
[199,"Machinery Breakdown loss of profits (MLOP) policy has compulsory time excess of","14 days","21 days","7 days","No time excess is applicable","A"]
[200,"Local Authorities clause under Fire policy is applicable under ","Declaration policy","Standard Fire policy","Reinstatement value policy","Floater Declaration policy","C"]
[201,"IRDA has not permitted General Insurers to effect","Variations in deductibles","Issuance of IAR policy for S.I. less than Rs.100 crs.","Changes in basic Policy wordings of erstwhile Fire Tariff","Issuance of IAR policy for petrochemical risks","C"]
[202,"AOG peril does not include ","Terrorism","Earthquake","Flood","Inundation","A"]
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["1","Time Charter hire is","To charter a vehicle for a specified period","To take a loan on vessel for a specified period ","To take a vessel on hire for a specified period ","To hire a vessel and pay after a specified time","C"]
[2,"A carrier under COGSA, 1971 is liable if "," Open or uncovered vehicle is used","There is defective packing "," Marks or numbers are used "," Livestock is carried","C"]
[3,"What is \" Slip\""," A mistake in the policy","A kind of dress","A correction in the policy"," Evidence of contract of marine insurance","D"]
[4,"In marine insurance, the insurable interest should be there"," At the time of issuance of policy","At the time of payment of claim "," At the time of occurrence of loss "," None of the above","C"]
[5,"The wages of individual masters and workers are insurable in "," W C Policy","Marine Cargo policy ","Marine Hull Policy ","Aviation Policy","C"]
[6,"As per Marine Inland Transit Policy the Risk commences from the time ","The goods leave consignor's warehouse","The goods are being loaded on the vehicle","The goods reach the buyers warehouse","All the above are correct","A"]
[7,"TPND is the common abbreviation used to denote ","Transit, piracy and non delivery","Theft, piracy and non delivery","Theft, pilferage and non delivery"," Transit, pilferage and non delivery","C"]
[8,"Marine cargo insurance policies are "," Strict indemnity policies"," Pure indemnity policies","Commercial Indemnity policies"," Benefit policies","C"]
[9," In Marine insurance, the term “Paint Brush Piracy” is used to denote ","A kind of piracy of the goods from the vessel"," ","Change of the color of the ship to conceal its identity and escaping with the goods on board"," Entry of pirates into the vessel with paints and brushes","C"]
[10,"As per Marine Insurance Act 1963, which of the following is not an Implied Warranty"," Lawful adventure","Seaworthiness of the vessel ","Seaworthiness of the cargo ","Lost or not lost","D"]
[11,"“Subject to any express provision in the policy” is a standard phrase in Marine Insurance Act 1963 to denote that ","The Act is supreme","The Assured is supreme","The policy is supreme","The underwriter is supreme","C"]
[12,"For an export marine consignment which one of the clauses will be applicable"," ITC (A) "," ITC (B) "," ITC (C)","None of the above","D"]
[13," Duty and increased value insurance can be granted for the following consignments","Export consignments"," Road risks in India","Rail risks","None of the above","D"]
[14," As per ICC (C) following loss or damage is not covered "," Fire"," Earthquake","General average sacrifice","Washing overboard","D"]
[15,"Under marine insurance, cover may be granted for shipments which have commenced transit but may have been actually lost under the following provisions /clauses","  Sue and Labour clause"," Not to inure clause","Lost or not lost clause","Losses not known clause","C"]
[16,"INCOTERMS are internationally accepted commercial terms defining respective roles of buyer and seller which of the following is odd term out ","CIF"," CFR "," FAS ","WTO","D"]
[17,"Which of the following risk is/are covered under aircraft hull/ liability policy"," Accidental physical loss or damage to the aircraft","Bodily injury / death to the passenger/s"," Loss of passenger's baggage and bodily injury/ death and property damage to the third parties","All the above","D"]
[18,"Which of the following is to be taken into account while underwriting Marine Cargo Business ","Nature of Cargo","Details of Conveyance"," Packing details","All of the above","D"]
[19,"Which of the following insurance policies does not require a formal proposal form","Marine Hull"," Fire","Marine Cargo"," Aviation","C"]
[20,"Under the Institute Cargo Clauses, the risk commence ","When invoice is received"," From the Time the Lorry receipt is issued","When the Cargo leaves the warehouse of the consignor","None of the above","C"]
[21,"Which of the following represents the widest form of coverage?","ICC(A) ","ICC(B) ","ICC(C)","None of the above","A"]
[22,"For which of the following extra premium is charged?"," Vessel's Overage","Vessel's under tonnage","Non classification","All the above","D"]
[23," For which of the following term of sale, the buyer/ importer normally arranges the cargo insurance cover for the overseas transit","CIF basis","FOB basis","Both the above","None of the above","B"]
[24,"For Inland Transit, 'Duration Clause' limits the coverage to ","7 days of arrival of consignment at destination town","7 days of arrival of consignment to the warehouse of consignee","60 days of arrival of consignment at destination town","60 days of arrival of consignment to the warehouse of consignee","A"]
[25,"What is not true for a Marine Open Cover ","Open cover is proof of an insurance cover","Open cover gives the terms of cover during policy period","Open cover is a stamped document","All of the above","C"]
[26,"If a Marine consignment is being sent to an appreciating market, what clause can be attached to ensure that the appreciation of value of consignment is covered in case of loss?"," Duty clause","Increased value clause","Protection and Indemnity clause","None of the above","B"]
[27,"In case of various consignors are affected due to operation of a common peril, for saving a marine adventure; the loss would be apportioned by declaration of"," General average","Particular average"," Average clause","None of the above","A"]
[28," What is the full form of sale term 'FAS' "," Free Alongside Ship","Free Alongside Steamer ","Free Alongside Steerage "," None of the above","A"]
[29,"A Marine cargo underwriter is expected to know "," Port facilities"," Shipping practices","Labour disturbances at ports","All the above","D"]
[30,"Under a marine Hull cover a loss can be declared as a CTL if ","The vessel is abandoned to discretion of the underwriters","  If more than one interest is involved in the salvage","If there is excessive third party liability","None of the above","A"]
[31,"In case of liquid cargo, the term “ullage” refers to ","Quantity that cannot be discharged","Quantity that were destroyed","Quantity that disappeared","Non standard packing","A"]
[32,"Sue and labor charges are usually paid","In addition to damage to goods but limited by the sum insured "," In addition to damage to goods and can exceed the sum insured ","As a fixed percentage of sum insured","None of the above","B"]
[33,"Particular charges means","Loss or damage caused by a sea peril insured against","It is a general sacrifice to save the marine adventure","It is an expense in addition to sue and labour charges incurred for preservation of a subject matter","None of the above","C"]
[34,"For covering various risks associated with port operation the following cover is an internationally accepted cover"," Property all risk policy","Mega project policy"," Port package policy","Special contingency policy","C"]
[35,"One of the purpose of Draft survey is to","Find out the weight of commodity on board the ship","Find out the extent of damage to commodity while being unloaded from slip","Find out the weight of personnel on board the ship","None of the above","A"]
[36,"What does the term “Phantom vessel” in maritime frauds denotes "," Nonexistent vessels said to be transporting goods","Poor quality vessels transporting high value cargo","Vessel belonging to flags of convenience","None of the above","A"]
[37,"In a marine cargo policy, the insurable interest should exist ","At the time of commencement of transit","At the time of acceptance of proposal","At the time of loss","At the time of proposal","C"]
[38,"Which of the following marine cargo policy is not assignable ","Marine cargo specific policy","Certificate issued under open cover ","Certificate issued under open policy ","Annual policy","D"]
[39,"CIF Contract means ","Co-insurance form ","Cost input freight","Cost insurance freight","Cost incidental freight","C"]
[40,"The  maximum  indemnity  available  under a  marine  open  policy  in respect of a consignment awaiting shipment at the port is","Total sum insured under open policy"," Limit per bottom","Total value of particular declaration","Limit per Location","D"]
[41,"Which of the following is not a stamped document ","Open cover","Open policy"," Specific policy"," Special declaration policy","A"]
[42,"Running down clause in a marine policy relates to ","Age of the vessel","Collision","Termination of insurance","Age of the consignment","B"]
[43,"Liability under “Both to blame collision” clause of ICC (A) has a reference to","Shipping Bills","Lloyd's firm","Proforma Invoice","Bill of Lading","D"]
[44,"Which one of the following is an extra charge under a marine cargo policy","Auction fee for disposal of salvages"," Salvage charges","Sue and labour charges","Port charges","A"]
[45,"Which one of the following differentiates the salvage charge from the sue and labour charge","Food expenses for crew members"," Incurred independent of any contract"," Incurred short of destination to complete the voyage","Expenses for extra fodder for animals on board","B"]
[46,"Which of the following is not a Trade Clauses ","Institute Replacement Clause"," Institute Bulk Oil Clauses","Institute natural rubber Clause","Institute Coal Clauses","A"]
[47,"Overseas Transit Policy Institute Cargo Clauses 'C' the duration of cover comes to an end","30 days after landing at the port ","45 days after landing at the port ","60 days after arrival at the final destination ","90 days after landing at the port","C"]
[48,"The Institute clauses have been drafted by "," TAC","Institute of London Underwriters","Lloyd's","GIC","B"]
[49,"In marine insurance parlance, 'average' means ","Premium","Cost","Freight","Loss","D"]
[50,"“Shut out Cargo” means a cargo which is","Not loaded onto the ship due to late arrival","Thrown out of the ship","Shut in the bonded warehouse"," Rejected by the buyer","A"]
[51,"PPI in marine cargo policy means ","Pre & Post Inspections","Policy Proof of Interest","Post parcel Identification","None of the above","B"]
[52,"Subrogation in marine insurance refers to transfer of ","Right of recovery","Right of ownership","Right of Sale of goods","None of the above","A"]
[53,"Proof of shipment is evidenced by ","Bill of Lading","Bill of Exchange","Bill of Treasury","None of the above","A"]
[54,"Marine Policy offers ","Pure indemnity","Strict Indemnity","Adequate indemnity","Modified form of Indemnity","D"]
[55,"Survey fees reimbursable to the insured in a marine policy to the extent of ",0.25,0.5,0.75,1,"D"]
[56,"Find odd one out","Flag of convenience"," Polish Register of Shipping","Lloyd's Register","Bureau veritas","A"]
[57,"Which one of the following is an exclusion under ¾ th collision clause of ITC-Hulls","Loss of life in other vessel","Loss of life in insured vessel","Loss of property of other vessel","Both a & b above","D"]
[58,"In Marine hull policy the subject matter for insurance shall be ","Hull & Machinery"," Freight and Disbursement","Premium reducing","All the above","D"]
[59,"1/ 4 collision liability is covered by ","P& I club"," Hull Underwriters","Lloyd's","Reinsurance","A"]
[60,"For issuing a marine cargo policy, ","LR or R/R is a precondition","LR or R/R reference number above is sufficient","LR or R/R is not at all necessary","Undertaking from the consignor is sufficient","B"]
[61,"After settlement of a cargo claim","Proceeding against the carrier by the insurer is simultaneous","Only the insured has to proceed against carrier and to recover and remit to the insurer","Anytime, at leisure recovery proceeding can be initiated","Recovery proceeding is not at all necessary","A"]
[62,"After issue of marine cargo policy shipment could not be effected due to expiry of the L.C. Insured seeks repayment of premium of Rs. 100000/-. In this case which of the following is appropriate","Insurer decline refund of premium, saying policy has been issued already","Retaining Min. Premium and effect refund for the balance amount is in order","Retain 50% of the premium and to refund the balance","Substitute the premium for any subsequent transit","B"]
[63,"In an export policy, goods are sold in mid sea and the buyer changed the destination. Insured was getting refund from insurance company stating that the goods have not reached the destination stated in the policy. In such case which of the following could be appropriate."," Refund is very well in order","Refund  should  not  be  granted,  as  the  shipment  and  transit  had commenced","As transit, as per policy deviated in the mid sea pro rata refund of premium according to the distance covered can be effected","None of the above","B"]
[64,"General average means","Age of the ship and its year of built"," It is the average age of the ship in a fleet","It is a sacrifice in terms of cargo and freight incurred in times of the peril of the sea to save the adventure","None of the above","C"]
[65,"Particular charge in a hull policy means","Loss or damage caused by a sea peril insured against","It is a general sacrifice made in times of peril","It is an expense in addition to sue and labour for the prevention of the subject matter","None of the above","C"]
[66,"Which branch of insurance is codified by way of an Act in India ","Marine Hull","Marine Cargo","Both (a) and (b)","None of (a) and (b)","C"]
[67,"In case of which of the following insurances, the stamp duty is borne by the insured","Fire Insurance"," Personal Accident Insurance","Marine Cargo Insurance","Health Insurance","C"]
[68,"Seller's Contingency Policy cover can be issued in case of ","CIF contract","FOB contract","Either of the above (a) and (b)","None of the above (a) and (b)","B"]
[69,"For an exporter having frequent exports which one of the following will be more useful","Open policy","Open cover","Open Declaration policy","Annual Marine Policy","B"]
[70,"In which of the following, war risk can be covered by paying extra premium","Personal Accident Policy","Health Insurance Policy","Marine Inland Transit Policy","Marine Overseas Transit Policy","D"]
[71,"In India Marine Cargo Insurance was detariffed in the year ",1992,1993,1994,1998,"C"]
[72,"In case of Marine Insurance, which one of the statement is correct with respect to GRT of the ship","Risk increases with the increase in GRT ","Risk decreases with the decrease in GRT ","Risk decreases with the increase in GRT ","The GRT does not play any role on risk","C"]
[73,"In case of Marine Insurance vessel approval is done by ","GIC","GIPSA","Individual Companies"," IRDA","C"]
[74,"Which one of the exclusion gets deleted in case where the full shipload cargo is transported through duly 'approved' vessel","Loss/ damage/ expense caused by inherent vice or nature of the subject matter insured","Ordinary leakage, ordinary loss in weight or volume or ordinary wear and tear","Loss/damage/expense arising from insolvency or financial default of the owner, managers, charterers or operators of the vessel","None of the above","C"]
[75,"if the repair expenditure required to prevent actual total loss exceeds the value, it would be known as","Actual total loss","Particular Average","Constructive total loss","General Average","C"]
[76,"In marine insurance, even a voluntary and deliberate loss can be paid under","Total loss","Particular Average","No policy can cover voluntary and deliberate loss","General Average","D"]
[77,"With regard to stamp duty in marine cargo policy, which one of the following statement is correct?","Different for sea voyages and for other than sea voyages","Rate is same for all types of voyages","Rate for air voyage is different from road/rail","Rate is different for rail and road voyages","A"]
[78,"For damage claim of CARGO monetary claim notice with the SHIP- OWNERS should be lodged within","One month from the date of bill of lading","Fifteen days from the date of arrival of cargo ","Seven days from the date of arrival of cargo ","Three days from the date of arrival of cargo","D"]
[79,"Theft peril is covered under ","ICC C","ICC A ","ICC B ","ICC I","B"]
[80,"Proximate Cause is ","Remote cause","Indirect cause","Active and Efficient cause","Other","C"]
[81,"General Average arises when property involved in common Maritime adventure","The cost of vessel removal from one port to another","Temporary repair of accidental damage effected during the course of voyage","Cargo is discharged and or jettisoned to save the ship","None","C"]
[82,"Bill of Entry is prepared for ","Excise duty","Custom duty","Sales Tax","OCTROI","B"]
[83,"Which is not a General Average Claim?","When Fire Breaks out on board the ship and in order to extinguish it water is poured on and chemicals are applied.","When there is a collision with another vessel or other casualty and the cargo is discharged to enable the vessel to be repaired","There is theft and missing of packages","None of the above","C"]
[84,"Which of the following peril does not appear under ICC C","Earthquake, Volcanic eruption or lightning","Fire or explosion","Overturning or derailment of Land conveyance","Discharge of cargo at a port of distress","A"]
[85,"The Marine Insurance Cover is available in the following forms ","Specific Policy","Cover Note","Open Policies/ Open Covers","All of the above","D"]
[86,"Which document in the absence of specific policy helps the bank to authenticate the existence of insurance cover and relate it to the documentary bill?","Certificate of Incorporation","Certificate of Insurance","Certificate of college","None","B"]
[87,"Which of the following statement is not correct","A valued policy is one, which specifies the agreed value of the subject matter insured","The insured value is the amount specified in the policy as the value of the insured property","Sum insured is the total amount of the subscriptions of the insurers in the policy","None of the above","C"]
[88,"Which of the following does not form part of a marine adventure "," Ship","Freight","Ship owner's liability to cargo owner","None of the above","C"]
[89,"Which of the principal factors affect the rating of every cargo insurance ","Vessel","Nature of cargo","Conditions of insurance","All the above","D"]
[90,"Which loss or damage is not covered under institute cargo clause 'C' ","Fire & Explosion","Overturning & Derailment of Land conveyance","Vessel or craft being stranded, grounded, sunk or capsized","Washing overboard","D"]
[91,"Which peril is covered under marine hull policy ","Jettison","Fire & Explosion","Piracy","All the above","D"]
[92,"GRT means","Gross Rare Tonnage","Gross Report Tonnage","Gross Register Tonnage","None of these","C"]
[93,"To whom marine policy cannot be issued ","Purchaser of goods","Seller of the goods","Transporter of goods","Bankers having financial interest","C"]
[94,"Identify incorrect statement","All marine policies are not freely assignable","Special declaration policy (SDP) is not assignable","Marine policy is not assignable when goods are on high seas","Marine policy is not assignable when goods are in bonded warehouse","C"]
[95,"Which of the following is not a term of sale in marine ","C & F","CIF ","FOB ","CFP","D"]
[96,"Identify correct statement","Duty insurance cannot be granted","Duty insurance can be granted to overseas seller","Duty insurance can be granted to bankers","Duty insurance can only be granted to the holder of import license","D"]
[97,"Identify incorrect statement","All marine policies are valued policies","Special declaration policies are valued policies","Duty insurance policy in marine is a valued policy","None of the above","C"]
[98,"State the correct statement among the following","Marine cargo policy is transferred by way of payment of additional premium","Marine policy is transferred only after obtaining fresh proposal form","Marine policies are freely assignable","None of the above","C"]
[99,"Which of the following statement is correct","Insurable interest should exist at the time of effecting marine insurance","Insurable interest need to exist only at the time of loss","Insurable interest should be present throughout the currency of the policy","None of the above","B"]
[100,"Which of the following is false in relation to marine cargo insurance ","Claim survey fees are payable by insurers only if the claim is payable","Under  every  marine  policy  for  export  shipments,  a  certificate  of insurance is issued","General average losses are covered only under Institute cargo clause (A) All risks","None of the above","C"]
[101,"Which of the following policies are freely assignable without the consent of insurers","Marine cargo","Burglary","Marine Hull","Fire","A"]
[102,"Which of the following risks are automatically covered without extra premium under Institute Cargo Clause 'A'","Breakage only","Leakage only"," Strikes riots and civil commotion","Breakage & Leakage","D"]
[103,"If loss or damage is not apparent at the time of taking delivery from ocean carriers written must be given to the carrier's representative within                                    days of delivery ",7,30,10,3,"D"]
[104,"Which of the following General Exclusions under Institute cargo clauses can be covered at extra premium under ICC (B) & (C) clauses","Malicious damage","Inherent vice","Ordinary leakage","Ordinary loss in weight","A"]
[105,"Which of the following statements is true? Statement A: Marine cargo policies are valued policies. Statement B: Marine Hull policies are valued policies. ","Both","A only ","Neither ","B only","A"]
[106,"Which of the following statements is false in relation to marine cargo insurance? Statement A: The entire marine cargo is governed by tariff or .Statement B: Special storage insurance is granted in conjunction with inland transit policy.\n\n","A only ","B only ","Both","Neither","A"]
[107,"Which of the following covers is suitable for regular export/import shipment?","Open cover","Special Declaration policy","Annual policy","Duty insurance","A"]
[108,"Which of the following insurances is not relevant to inland transit?","'Increased value' insurance","Special storage risks insurance","Special declaration policy","Annual policy","A"]
[109,"Which of the following document is common to claims processing under marine import policies and inland transit (Rail/Road) policies?","Invoice","Copy of protest","Bill of lading","Lost Overboard certificate","A"]
[110,"Aviation Refuelling Liability Insurance Policy Covers-","Liability for loss of or damage to property of the Insured or property in the  custody or control of the Insured other than Aircraft of others while being fuelled or refueled by the Insured.","Any Ships, Vessels, Craft or Aircraft owned, chartered, used or operated by or on account of the Insured.","Liability for bodily injury to any person, who at the time of sustaining such injury is engaged in the service of the insured or acting on his behalf, or liability for which the Insured or his Insurer may be held liable under any workmen's compensation, unemployment compensation or disability benefits law or similar law.","damages for bodily injury or property damage caused by an occurrence during the period mentioned in the Schedule and arising out of Insured's business as suppliers and/or refiners of Aviation product including the manufacture, sale or distribution of Aviation fuel and lubricants","D"]
[111,"Aviation War and Allied risk policy may be cancelled by either Insurers of the Insured giving notice to become effective on the expiry of-","07 days from 23.59 hours GMT on the day on which such notice is given. ","15 days from 23.59 hours GMT on the day on which such notice is given. ","03 days from 23.59 hours GMT on the day on which such notice is given.","30 days from 23.59 hours GMT on the day on which such notice is given","A"]
[112,"Modern aircraft flew in the year –",1906,1903,1914,1956,"B"]
[113,"Pioneer of the modern aircraft- ","Left Brothers","Wright brothers","Montgolfier Brothers","Yusuf Brothers","B"]
[114,"Pioneer in Aviation Industry in India –","J R D Tata","M P Birla","Anil Ambani","Ratan Tata","A"]
[115,"First aircraft flew for –","12 minutes ","30 minutes ","60 minutes ","12 second","D"]
[116,"Before 1953 the number of Airlines was –",6,9,10,6,"B"]
[117,"Paris Convention 1919 discussed the issues- ","Liability of the Airlines","Third Party Liability limits","Fitness of the Aircraft & Navigation","Passengers & baggage Liability","C"]
[118,"Rome Conventions 1933 & 1952 dealt with ","Fitness of the aircraft & navigation","Airspace above the country","Navigation of the aircraft","Carriers liability towards the passengers","D"]
[119,"Chicago Convention 1944 dealt with ","Fitness of the aircraft & navigation ","Airspace above the country","Navigation of the aircraft","Carriers liability towards the passengers","D"]
[120,"Hague Protocol/ Convention 1955 dealt with ","Fitness of the aircraft & navigation","Airspace above the country","Navigation of the aircraft","Carriers liability towards the passengers","D"]
[121,"Montreal Agreement/ Convention 1966 dealt with ","Fitness of the aircraft & navigation","Airspace above the country","Navigation of the aircraft","Carriers liability towards the passengers","D"]
[122,"Guatemala Agreement/ Convention 1971 dealt with ","Fitness of the aircraft & navigation","Airspace above the country","Navigation of the aircraft","Carriers liability towards the passengers","D"]
[123,"Guadalajara Convention 1961 was for- ","Liability of the owner of the aircraft ","Aircrafts fitness","Position of the Actual and contracting carrier and their liability","Airlines Liability","C"]
[124,"Tokyo convention 1963 dealt with- ","Sovergnity of the state/country ","Airspace above the state","Hijacking & unlawful activity on board","Aircraft fitness","C"]
[125,"Hague convention 1970 dealt with- ","Sovergnity of the state/country ","Airspace above the state","Hijacking & unlawful activity on board","Aircraft fitness","C"]
[126,"Montrel convention 1971 dealt with- ","Sovergnity of the state/country","Airspace above the state","Hijacking & unlawful activity on board","Aircraft fitness","C"]
[127,"IACO ( International Civil Aviation Organisation) formed in the year-","1933 in Chicago convention","1944 in Chicago convention ","1929 in chicago convention ","1953 in Chicago convention","B"]
[128,"IATA ( International Air Transport Associoiation) formed in the year- ","in the year 1945 following Chicago convention 1944","in the year 1933 following Chicago convention ","in the year 1940 following the Paris convention ","in the year 1933 following the Paris Convention","A"]
[129,"Sum Insured for Hull under Aviation hull and liabilities is on- ","Market value basis","Reinstatement value basis","Agreed value basis","None","C"]
[130,"The registration number of the Indian aircraft","NP-ASS","IN-ASS ","BD-ASS ","VT-ASS","D"]
[131,"The colour of the black box- ","Black","Yellow","Red","Green/orange","D"]
[132,"Air Navigation commission is composed of the following numbers- ",9,10,12,15,"C"]
[133,"In  India  provision  of  the  various  convention  gave  statutory  effect through-","Air Carriage Act 1972","Air Carriage Act 1934","Carriage by Air Act 1972","Carriage by Air Act 1937","C"]
[134,"The Hague Protocol incorporated in India in the Carriage by Air Act\n1972 and thereafter amended in time to time and according the minimum liability for death of the passenger as on date is (notification year 1998)-\n","Rs. 10 lacs for 12 year and above & Rs. 5 lacs for below 12 years of age","Rs.15 lacs for 12 year and above & Rs. 7.5 lacs for below 12 years of age","Rs. 7.5 lacs for 12 year and above & Rs.3.75 lacs for below 12 years of age","Rs. 5 lacs for 12 year and above & Rs.2.5 lacs for below 12 years of age\n\n","C"]
[135,"The Hague Protocol incorporated in India in the Carriage by Air Act\n1972 and thereafter amended in time to time and according the minimum liability for loss of cargo as on date is (notification in the year 1998):\n","Rs. 300/- per kg ","Rs. 500/- per kg, ","Rs. 450/- per kg ","Rs. 4000/- per kg","C"]
[136,"The Hague Protocol incorporated in India in the Carriage by Air Act\n1972 and thereafter amended in time to time and according the minimum liability for loss of hand baggage as on date is ( notification in the year\n1998):\n","Rs. 2500/- ","Rs. 4000/- ","Rs. 5000/-","Rs. 10,000/-","B"]
[137,"The Hague Protocol incorporated in India in the Carriage by Air Act\n1972 and thereafter amended in time to time and according the minimum liability for loss of registered baggage   of the passenger as on date is (notification year 1998)\n","Rs. 300/- per kg ","Rs. 500/- per kg, ","Rs. 450/- per kg ","Rs. 4000/- per kg","C"]
[138,"The Hague Protocol incorporated in India in the Carriage by Air Act\n1972 and thereafter amended in time to time and according the minimum liability for death of the passenger as per notification dt. 1-4-1973:-\n","Rs. 3 lacs for 12 year and above & Rs.1.5 lacs for below 12 years of age ","Rs.6 lacs for 12 year and above & Rs. 3 lacs for below 12 years of age","Rs. 2 lacs for 12 year and above & Rs.1 lac for below 12 years of age","Rs. 5 lacs for 12 year and above & Rs.2.5 lacs for below 12 years of age","C"]
[139,"The Hague Protocol incorporated in India in the Carriage by Air Act\n1972 and thereafter amended in time to time and according the minimum liability for loss of cargo as per notification dt. 1-4-1973:\n","Rs. 300/- per kg","Rs. 500/- per kg, ","Rs. 160/- per kg ","Rs. 4000/- per kg","C"]
[140,"The Hague Protocol incorporated in India in the Carriage by Air Act\n1972 and thereafter amended in time to time and according the minimum liability for loss of hand baggage as per notification dt. 1-4-1973: :\n","Rs. 2500/- ","Rs.1000/- ","Rs. 5000/-","Rs. 10,000/-","B"]
[141,"The Hague Protocol incorporated in India in the Carriage by Air Act\n1972 and thereafter amended in time to time and according the minimum liability for loss of registered baggage  of the passenger as per notification dt. 1-4-1973:\n","Rs. 300/- per kg ","Rs. 500/- per kg, ","Rs. 160/- per kg","Rs. 4000/- per kg","C"]
[142,"The Hague Protocol incorporated in India in the Carriage by Air Act\n1972 and thereafter amended in time to time and according the minimum liability for death of the passenger as per notification year 1992 is-\n","Rs. 10 lacs for 12 year and above & Rs. 5 lacs for below 12 years of age ","Rs.15 lacs for 12 year and above & Rs. 7.5 lacs for below 12 years of age ","Rs. 5 lacs for 12 year and above & Rs.2.5 lacs for below 12 years of age","Rs. 7.5 lacs for 12 year and above & Rs. 3.75 lacs for below 12 years of age","C"]
[143,"The Hague Protocol incorporated in India in the Carriage by Air Act\n1972 and thereafter amended in time to time and according the minimum liability for loss of cargo as per notification in the year 1992 is:\n","Rs. 450/- per kg ","Rs. 500/- per kg, ","Rs. 300/- per kg ","Rs. 4000/- per kg","C"]
[144,"The Hague Protocol incorporated in India in the Carriage by Air Act\n1972 and thereafter amended in time to time and according the minimum liability for loss of hand baggage as per notification in the year 1992 is:\n","Rs. 4000/- ","Rs. 2500/- ","Rs. 5000/-","Rs. 10,000/-","B"]
[145,"The Hague Protocol incorporated in India in the Carriage by Air Act\n1972 and thereafter amended in time to time and according the minimum liability for loss of registered baggage of the passenger as per notification year 1992 is:\n","Rs. 450/- per kg","Rs. 500/- per kg, ","Rs. 300/- per kg","Rs. 4000/- per kg","C"]
[146,"Any incident and accident, the enquiry is done by- ","Local District Magistrate","CBI","Local Police","Inspector of accident","D"]
[147,"The aircraft is deemed to be disappeared if not traced out within- ","15 days ","20 days ","30 days ","60 days","D"]
[148,"Standard excess applicable in India for Helicopter hull- ","1% of hull agreed vale for EEL","2.5 % of hull agreed value for EEL","5% of hull agreed value for EEL","7.5 % of hull agreed value for EEL","C"]
[149,"Passengers rate depends on- ","Passengers KM","Number of passengers","Number of Flights","KM flown","A"]
[150,"Loss of licence policy covers-","Loss of licence from home by burglary or dacoity etc.","Loss of licence due to the causes not known.","Licence lost in transit","Incapacity caused to hold the licence due to diseases/sickness","D"]
[151,"Airport owners & operators Legal Liability covers- ","Damage to the Insureds own property","Aircraft owned by the insured","Injury to own employees","Bodily injury or property damage to third party in the premises resulting from the services provided by the insured","D"]
[152,"Aircraft hull and liability policy be issued to very old aircraft on- ","All risk basis","Only Liability","Total loss Only for Hull","None","C"]
[153,"Launching of Satellites also can be covered under–","Fire policies","Engineering policy","Marine Hull","Aviation Policy","D"]
[154,"FPIL ( Full premium if lost ) clause is more applicable while underwriting the aviation risk for-","Normal flight risk for hull & Liabilities","For Test flight only","For Ferry Flight only","For test flight & Ferry Flight both","D"]
[155,"As per normal practice Hijacking/Ransom expenses is limited to the War Risk for ",0.6,0.4,0.8,"90% of expenses incurred subject to maximum of 10% of Hull Sum Insured","D"]
[156,"Aviation PA policy is issued to the people engaged in Aviation work due to-","No provision is there under standard PA policy to cover such people.","Aviation risk is excluded peril","None ","Both are correct","D"]
[157,"AVN 48b for aircraft hull is","Extension cover for War and allied perils","Exclusion for War and Allied perils","Both are correct","None","B"]
[158,"AVN 52 for liabilities is","Extension cover for War and allied perils","Exclusion for War and Allied perils","Both are correct","None","A"]
[159,"CTL is for","Component total loss ","Constructive Total loss ","Consequential total loss","Comprehensive total loss","B"]
[160,"Normally reinsurance is done for the high value aircrafts on- ","Facultative basis","Quota Share basis","Both the above d) None",null,"A"]
[161,"NCBOR stands for-","No Claim Bonus on Review ","No Claim Bonus on Renewal ","No Claim Bonus on Revision ","None","B"]
[162,"PCOR ( Profit Commission on Renewal) is more appropriate in case of ","Proposer is having only one aircraft","Having more than one aircraft","Both","None","B"]
[163,"For aircraft hull claims the depreciation/Betterment cost is applied on- ","All the damaged","Only the part do not have limited life (hours)","Part have limited life (hours)","None","C"]
[164,"Passengers liability can be covered on ","Legal Liability basis only","Admitted liability basis only","On both","None","C"]
[165,"Excess applicable under Aircraft hull/liabilities policy –","can be insured by a separate policy","can not be insured by a separate policy","Both are correct","None","A"]
[166,"Hull deductible policy Sum Insured is- ","Hull value of the Aircraft","Liability limit","Excess applicable under Aircraft hull/liability insurance policy","None.","C"]
[167,"As per Carriage by Air Act 1972 amendment 1998  and according the minimum liability for death of the passenger as per notification is-","Rs. 10 lacs for 12 year and above & Rs. 5 lacs for below 12 years of age ","Rs.15 lacs for 12 year and above & Rs. 7.5 lacs for below 12 years of age ","Rs. 5 lacs for 12 year and above & Rs.2.5 lacs for below 12 years of age","Rs. 7.5 lacs for 12 year and above & Rs. 3.75 lacs for below 12 years of age","D"]
[168,"As per the Carriage by Air Act 1972 amended in 1998 the minimum liability for loss of cargo as per notification is:","Rs. 450/- per kg ","Rs. 500/- per kg","Rs. 300/- per kg ","Rs. 4000/- per kg","A"]
[169,"As per the Carriage by Air Act 1972 amended in 1998 and according the minimum liability for loss of hand baggage as per notification is:","Rs. 4000/- ","Rs. 2500/- ","Rs. 5000/-","Rs. 10,000/-","A"]
[170,"As per the Carriage by Air Act 1972 amended in 1998 and according the minimum liability for loss of registered baggage  of the passenger as per notification is:","Rs. 450/- per kg ","Rs. 500/- per kg, ","Rs. 300/- per kg ","Rs. 4000/-","A"]
[171,"As per the Carriage by Air Act 1972 amended in 2009 (International) and according the minimum liability for death of the passenger is-","Rs. 10 lacs for 12 year and above & Rs. 5 lacs for below 12 years of age ","Rs.15 lacs for 12 year and above & Rs. 7.5 lacs for below 12 years of age ","Rs. 65 lacs for 12 year and above 12 years of age","Rs. 7.5 lacs for 12 year and above & Rs. 3.75 lacs for below 12 years of age","C"]
[172,"As per the Carriage by Air Act 1972 amended in 2009 and according the minimum liability for loss of cargo as per notification is:","Rs. 450/- per kg ","Rs. 500/- per kg, ","Rs. 1080- per kg ","Rs. 4000/- per kg","C"]
[173,"As per the Carriage by Air Act 1972 amended in 2009 and according the minimum liability for loss of hand baggage as per notification is :","Rs. 40000/- ","Rs. 70,000/- ","Rs. 50000/- ","Rs. 10,000/-","B"]
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[1,"Under the Motor Vehicles Act, a public place is","A place owned by a public limited company. ","A place where public meetings are held.","A place where any member of public has a general right of access. ","A place where the public grievances are heard.","C"]
[2,"In Motor TP claims even if we did not take place under sec 170 of Motor  Vehicle act in lower courts, we can go on appeal on quantum.","True ",false,"Joint appeal with insured","We can appeal directly to Supreme Court.","B"]
[3,"The risk of overturning as a tool trade is covered in respect of a dumpers under ","A standard commercial Goods carrying vehicle B policy.","A standard miscellaneous type of vehicles B policy.","A standard miscellaneous type of vehicles A policy at an additional premium.","None of the above.","D"]
[4,"The concept of No fault liability as envisaged in MV Act 1939 is reflected in ","Section 163 of MV Act"," Section 149 of MV Act ","Section 140 of MV Act ","None of the above.","C"]
[5,"Constitution of Motor Vehicle Claims tribunal falls in the jurisdiction of ","Central Government","State Government ","Supreme Court","District Courts","C"]
[6,"Compensation payable in case of death under the relevant section of 'No Fault Liability' is","Rs. 25,000 ","Rs. 12,500 ","Rs. 30,000","None of the above","D"]
[7,"Solatium Fund established under M.V. Act 1939, deals with ","Accident cases","Death cases ","Injury","Hit and run cases","D"]
[8,"As per M.V. Act, following injuries are treated as simple injuries ","Fracture of wrists"," Dislocation of bone ","Scar on the face","Loss of vision","C"]
[9,"Which of the following about multimodal transporter is not true ","MTO is to be registered","He is responsible for the transportation of the consignment ","Liability of MTO is unlimited","He is not responsible for arranging insurance of the consignment","D"]
[10,"The concept of Lok Adalat was mooted by ","Dr. S.N. Bhagwati"," Mr. P.N. Bhagwati ","Mr. Lok Naik","Mr. P.N. Adlakha","B"]
[11,"Which of the following documents is not relevant to bodily injury claims for processing third party claims under motor policies?","Coroner's report ","Driving Licence ","Police Report","Medical Certificate","A"]
[12,"Application for compensation under Solatium scheme has to be made to:","Corporate office of an insurance company","Claims enquiry officer nominated by State Government ","Nominated divisional office of the insurance company","Claims settlement commissioner nominated by the State Government.","D"]
[13,"A MACT award for Rs. 40000/- for a petitioner for simple injuries. Insurance Company wants to go on appeal to High Court. The minimum deposit under Sec 173 is to be made at the MACT for appealing in this case is","Rs 10000/- "," Rs 25000/- ","Rs 20000/- ","Rs 40000/-","C"]
[14,"A MACT awards Rs 9000 for a pedestrian who meets with an accident. Insurance Company wants to go on appeal as the injury was very minor. The option available is","Go on appeal on normal course ","File a writ I high court","File a SLP in the Supreme Court","Company has to satisfy the award","D"]
[15,"Owner resides at Kanpur had taken a Motor TP Policy from Delhi. The vehicle meets with an accident at Kolkata injuring a person, who had retired from services and resides at Guahati. He had very simple injuries. Find out from the list the places where he can file MACT case.","Anywhere in India ","Kolkata/Gauhati","Gauhati/Kanpur/Kolkata","Gauhati/Kanpur/Kolkata/Delhi","C"]
[16,"A married person dies in road a accident. His wife files a case in MACT Pune, whereas his parents file the case at Mumbai. What is the correct step to be taken to handle the situation from the list of option below?","Wait till the Court decides in one case and then go for appeal.","Go the high court for stay in both the cases in the initial stages itself.","Wait till one case is decided and bring this fact to another court for dismissal of the pending case.","Take affective steps in both the courts by filling certified petition copies FIR sets to transfer the case to either of the courts for clubbing together.","D"]
[17,"Sec 163A of MV Act 1988 related to ","No fault Liability","Hit and run case","Structured Compensation ","Insurer's defense","C"]
[18,"Insurers' defense available under following sections under MV Act ","Sec 140 and 147","Sec 149(2) and 170 ","Sec 165 and 166","None of the above.","B"]
[19,"Motor Vehicle's Act 1939 was amended in ","1960 and 1999","1988 and 1994 ","1995 and 2002","None of the above","B"]
[20,"Motor Vehicle's Act 1994 was promulgated mainly for the purpose of ","Doing away with the provisions of previous acts","Protecting the loss arising out of the use/carrying of hazardous goods "," Improving upon the provisions of previous acts.","All of the above","B"]
[21,"For registration of vehicles, the RTO's requirement as per the provisions of MV Act is submission of","Policy schedule","Policy schedule and certificate of insurance ","Original certificate of insurance","Proof of sale","C"]
[22,"Grace period for filing of an appeal before High Court in MACT cases is ","180 days"," 90 days ","120 days","No grace period at all","B"]
[23,"Under which section of MV Act, an insurer can defend the liability before MACT","Section 163 ","Section 170","Section 149 (2)"," Section 166","C"]
[24,"A brand new vehicle meets with an accident on the first day of insurance cover and what percentage of depreciation the vehicle's fibre part attracts",0.5,"As per percentage table",0.3,"Nil","A"]
[25,"Can CNG/LPG fuel attachment to a vehicle be insured provided the insured submits:","Invoice copy","Proof of endorsement in the RC","Declaration in proposal form ","Physical verification of unit","B"]
[26,"The most essential document required for filing of an appeal before high court in MACT cases","Award deposit receipt","Petition filed before the lower court","Lower court order obtained under Section 170 of MV Act ","Insurer's Vakalat","C"]
[27,"Under which section of MV Act 1988, no person shall allow any other person to use a vehicle in a public place unless the vehicle is covered by an insurance policy complying with the requirements of the ACT",146,147,148,149,"A"]
[28,"Section 161 (3) of MV Act pertains to ","Structured compensation","No fault liability","Hit and run compensation "," None of the above","C"]
[29,"Of the following exclusions under the Motor Policy, which one does not appear under general exclusions of the policy?","Driving without a valid driving license"," Driving under the influence of intoxication ","Geographical area","Breach of limitations as to use clause","A"]
[30,"Under the motor comprehensive policy, towing charges in respect of a damaged vehicle include the cost of –","Protecting the vehicle","Removing it to the nearest repairers ","Re-delivery to the insured","All of the above","D"]
[31,"A motorcar with manufacturing date as 12/04/1939 is ","An obsolete car","Is a vehicle not insurable"," Is a car classified as classic ","None of the above","D"]
[32,"A vehicle not road worthy can be ideally offered the following covers ","Burglary policy","Motor policy covering fire ","Motor policy covering theft","Motor policy covering fire/theft as per GR 45","D"]
[33,"One passenger bus was covered under Motor package policy while parked in the garage at night extra horn, tyres and decorative fittings were stolen. The claim is payable:","In full","Only 50% is payable","Payable on Non-standard basis ","Not payable","D"]
[34," Important  documents  required  to  process  the  Motor Third  Party  claim include:","Copy of FIR charge sheet","Name and address of the person injured and killed in accident. ","Certified copies of injury/post mortem report.","All of the above","D"]
[35,"What is the trump card for the success of the TP Pool ","10% commission on the Premium","Distribution of Premium and liabilities amongst insurer. ","Commitment of insurers to serve insuring public","All of the above","A"]
[36,"In a MACT Claim, in case of a death of a married male with dependent Father and Brother, the applicable multiplier is as per the Schedule of M.V. Act, will be","Multiplier applicable to the deceased as per his age","Multiplier applicable to the father of the deceased as per his age","Multiplier applicable to the brother of the deceased as per his age. "," None of the above.","A"]
[37,"Under the motor tariff, “Miscellaneous Vehicles” do not include ","Motorised rickshaws","Mobile dispensaries ","Ambulance","Hearses – vehicles to carry coffins to funeral","A"]
[38,"The liability of the owner of the motor vehicle to pay compensation for death claims on no fault of him under the Motor Vehicles Act, 1988 is","Rs. 50000 ","Rs. 10000 ","Rs. 25000 ","Unlimited","A"]
[39,"In which year MV Act was first enacted ",1929,1939,1959,1988,"B"]
[40,"What is meant by the term IDV","Insenes Declared Value","Insured's Depreciated Value "," Insured Declared Value","Insurance determining value","C"]
[41,"Motor cover note is generally issued for ","In all cases","For renewal only ","For new vehicles","Only for third party & theft","C"]
[42,"The maximum validity period of a motor cover note is ","15 days","30 days ","60 days ","365 days","C"]
[43,"Motor insurance is statutory in respect of ","Comprehensive risks","Act only cover","Act only fire and theft extension ","Trade Risk","B"]
[44,"In case of break in insurance"," Pre-inspection of vehicle is mandatory ","Insurance is not available at all","Mere declaration from insured only will suffice ","None is required","A"]
[45,"Which is the single largest portfolio in PSU non life insurance companies ","Fire","Health ","Motor ","Marine","C"]
[46,"Under what circumstances the concept of total loss settlement is considered ","Repairing cost exceeds more than 75% of IDV","Insured's refuses to get it repaired","Repairing cost exceeds more than 50%","None","A"]
[47,"Articulated vehicle means"," Two wheeler attached with the side car ","Ambulance with oxygen cylinder","A motor vehicle to which a semi trailer is attached ","None","C"]
[48,"Third party means employees ","Insured and its employees ","Insurer","Any other person other than a & b ","None","C"]
[49,"Motor Insurance Amendment Act 1989 came into effect ","1st April 1989","1st June 1989"," 1st July 1989 ","1st Sept. 1989","C"]
[50,"Which section of the Motor Vehicle Act deals with Act liability cases?","Section 140 & 166 ","140 & 161",140,166,"A"]
[51,"What is the maximum NCB allowed under Motor OD Premium ",0.3,0.5,0.45,0.65,"B"]
[52,"Which of the following vehicles is recognized as Vintage Car ","Vehicle manufactured before 31.12.1960","Vehicle manufactured before 1940 ","Vehicle manufactured before 1959 ","Vehicle manufactured before 1939","B"]
[53,"Which document is not required in settling motor TP injury claim ","Policy copy","Coroner's Report ","Road challan","Driving License","B"]
[54,"Mr. A sold his vehicle to B who was enjoying 50% NCB what % of NCB would be enjoyed by 'B'",0.5,0.25,0.15,"Nil","D"]
[55,"Maximum  liability  under TPPD  without  payment  of  premium  under  2 wheeler is","Rs. 2000 ","Rs. 3000 ","Rs. 5000 ","Rs. 6000","D"]
[56,"Vehicle enjoying 50% NCB lodged an OD claim. What would be NCB allowable in its next renewal?",0.15,0.25,"Nil ",0.3,"C"]
[57,"Maximum amount of discount available under Motor OD premium in case where owner is having Automobile Association membership",0.1,0.2,"Rs. 200 ","Rs. 500","C"]
[58,"Under hit and run case what amount is payable in case of death?","Rs. 20,000 ","Rs. 30,000 ","Rs. 25,000 ","Rs. 40,000","C"]
[59,"In case of partial loss settlement, % depreciation applicable to rubber items is ",0.3,0.4,0.5,0.6,"C"]
[60,"Which of the following type of the vehicles do not generally carry overturning risk as a tool of trade?","Auto rickshaw ","Dumper","Mobile drilling rigs ","Both b & c","B"]
[61,"IDV of a vehicle is 2.5 Lakhs, assessed loss is 2.05 lakhs. What would be insurer's liability?"," Rs. 2.05 Lakhs","Rs. 2.05 Lakhs less excess "," Rs. 2.50 lakhs","None of the above","B"]
[62,"While underwriting a commercial vehicle which of the following is not considered?","Past OD claim history ","Break in insurance","Vehicle type","Past TP claim history","D"]
[63,"For an investigator's report in a TP claim, following is not true:","Investigator's report brings out the location/time of accident","Report should provide number of passengers being carried at time accident","The report is an accepted legal document in court","The report should verify the authenticity of the RC book","C"]
[64,"Motor Policy does not cover ","Property damage","Liability ","Health","Personal Accident","C"]
[65,"The IDV is based on","The market value "," Invoice value","Book value","Commercial value","B"]
[66,"Motor Trade Policy can be given to ","Motor Dealers","Motor vehicle financiers ","Individuals","Motor vehicle inspector","A"]
[67,"Lok Adalat settlement for MACT cases are ","Compromise settlement","Award given by court","Award given by a special tribunal ","None of the above","A"]
[68,"Sec 140 of MV Act deals with following ","Appeal to High Court","Structural Compensation ","No fault liability","Defenses available to insurer","C"]
[69,"Depreciation is applicable on the basis of the following ","Age of the party","Driving license","Age of the vehicle ","Route permit","C"]
[70,"Which one of the following loss is not payable under Motor Package Policy?","Cost of motor parts ","Cost of Glass pats ","Labour charges","Consequential loss","D"]
[71,"In case of Total loss which one is considered for settlement of claim ","Market value of the vehicle","Depreciated value of the vehicle ","Cost of parts and labour charges ","Insured declared value","D"]
[72,"Which type of cases are placed before Lok Adalat ","Hit and run cases","Workmen's compensation cases ","Consumer forum cases","Cases pending before motor acct. claims","D"]
[73,"The amount of compensation payable in case of death u/s 140 of MV Act is ","Rs. 15000","Rs. 7500 ","Rs. 25000 ","Rs. 50,000","D"]
[74,"The amount of compensation payable in case of Grievous injury in Hit and Run case is","Rs. 40000 ","Rs. 15000 "," Rs. 2500 ","Rs. 25000","C"]
[75,"Long term Motor Insurance Policy is now available for the following classes of vehicles","Private Car","Two wheeler","Commercial vehicle ","None of the above","B"]
[76,"Agreed value policy in Motor Insurance can be issued for ","Classic cases","Commercial vehicle ","Vintage car","Private cars","C"]
[77,"Maximum towing & spot repair charges payable in event of claims under commercial vehicle","Rs. 1500 ","Rs. 1000 ","Rs. 500 ","Rs. 2500","D"]
[78,"Maximum towing & spot repair charges payable under Pvt. Cars vehicle ","Rs. 1000","Rs. 1500 ","Rs. 1200 ","Rs. 2000","B"]
[79,"Which of the following statement is correct?","Motor policy issued for a short period can be extended","Motor policy can be extended by collecting difference of premium on short period basis.","Motor policy can be extended by collecting difference of premium on pro-rata basis.","Motor policy issued on short period rating cannot be extended.","D"]
[80,"Rating of goods commercial vehicle is based on ","Carrying capacity of vehicle","Unloaded weight of the vehicle ","Gross vehicle weight of vehicle ","Age of the vehicle","C"]
[81,"Which of the following does not have policy excess?","2 wheeler","Commercial vehicle ","Private car vehicle","None of the above","D"]
[82,"Which of the following statements is true for NCB?","Policy is renewed after 12 months of expiry ","NCB earned can be substituted","Vehicle stands transferred to spouse following death of insured ","All the above","D"]
[83,"Which section of the MV Act deals with the defense available to the insurers under Motor Policy in respect of MACT Claims?","Section 140 ","Section 143 ","Section 170","Section 163 (A)","C"]
[84,"A motor accident claim victim can file a case in MACT for compensation ","At the place of accident","At the place where he resides","At the place of issuance of policy ","All of the above","D"]
[85,"'Dealer' means a person who is engaged in","Building bodies for attachment to chassis ","In repair of motor vehicle","In the business of hypothecation, leaving etc.","Authorized entity for sales and service of new vehicles","D"]
[86,"Which of the following statement is correct?","Transfer of ownership shall not affect admissibility of liability in respect of Act only policy","Transfer shall apply within 10 days to the insurer ","Fresh proposal form is required for transfer","Transfer of own damage portion is automatic","A"]
[87,"Which of the following is not relevant in Motor Vehicle Insurance?","Sec 146 of the Motor Vehicle Act 1988","WC covers for workmen in charge of operation & maintenance of vehicle."," IDV","Reinstatement","D"]
[88,"By which section of Motor Vehicle Act Motor Vehicle Insurance is made obligatory for plying in public places","See 146 ","See 170 "," See 176 ","See 420","A"]
[89,"Which of the following is not relevant for determination of TP compensation under motor policy?"," Age","Income ","Sex","Dependency","C"]
[90,"No Fault liability means No fault on the part of ","Public","Insured Vehicle ","Third Party","Insurers","B"]
[91,"Which of the following is relevant for hit and run cases?","Prime Ministers relief fund ","Environment relief fund","Solatium fund","Public Provident Fund","C"]
[92,"The transferee is entitled for a OD claim only when ","RC is transferred in his names","Sale consideration is paid","Insurance policy is transferred in this name ","He holds a valid driving license","C"]
[93,"The categorization of surveyor is done by ","Head office of the company","GIPSA","IRDA","Institute of Surveyors","C"]
[94,"Which one of the following is relevant for calculating repair liability under Motor OD?","New for old ","Depreciation ","Survey fees ","Garage rent","B"]
[95,"Compulsory Excess for two wheelers is ","Nil","Rs. 50 ","Rs. 100 ","Rs. 150","B"]
[96,"The Cover note issued for a motor vehicle does not contain ","Name of insurer","Engine and chases No. or registration no. ","Name of the driver","Validity Period","C"]
[97,"Non disclosure of a material fact shall make the policy ","Valid","Void","Voidable","Enforceable","B"]
[98,"Which is not a factor for rating a two wheeler policy?","Side car","Membership Automobile Association ","Make","Age of the owner","D"]
[99,"Geographical  extension  is  not  allowed  to  which  one  of  the  following countries","Nepal "," Bhutan","Afghanistan ","Maldives","C"]
[100,"Under Total loss claim settlement basis:","Wreck need not be surrendered to the insurer","Partial salvage – can be surrendered and partly can be retained by the insured.","Full wreck has to be surrendered before claim settlement ","Full salvage/wreck can be surrendered after settlement","C"]
[101,"In case of Motor accident involving TP injury as well as own damage","FIR is a must","Only police certificate is sufficient","Intimation to the insurer alone is sufficient ","Driver statement","A"]
[102,"In a goods carrying vehicle:","Six persons can be carried as passengers","Any number of persons as passenger can be carried","Only six persons as coolies for the purpose of loading/unloading can be carried","Strictly neither coolies nor any other persons can be carried","C"]
[103,"In a 2 wheeler motor cycle policy, where owner/rider, who died in a road accident whilst on drunken driving. Identify the correct statement","As there is no prohibition in the State, 100% PA claim can be settled to his wife who is the claimant.","As  it  is  a  death  due  to  drunken  driving,  considering  contributory negligence 75% can be settled on non-standard basis, on compassionate ground.","Claim has to be totally rejected as it is a drunken driving ","25% of the SI can be settled not more than that.","C"]
[104,"In case of sale of motor vehicle","Transfer of motor insurance policy is automatic to the purchaser","Transfer of name in the motor policy can be effected at the time of next renewal","Transfer of insurance policy to the purchaser can be effected any time between name transfer in the RC to the expiry date of the policy","The transferee should apply within 14 days from the date of transfer of ownership of the vehicle","D"]
[105,"Which of the following is not an accessory in motor vehicle?","Fog light Assy","Steering wheel cover ","Driver seat assy","Sun visor","C"]
[106,"Cash less settlement can only be done when:","Total loss is not possible","Salvage cannot be evaluated","When the vehicle/claimant owner had died in the accident ","Repairing of vehicle is economically not viable","D"]
[107,"In case of motor vehicle accident, report of motor vehicle inspector is called for to know","The quantum of loss","The model of the vehicle","Whether the accident was caused due to any mechanical breakdown ","Third party loss","C"]
[108,"IDV principle brought peace in motor claim settlement because:","It liability at minimum","It guides total loss settlement"," It reduces disputes over total loss valuation ","Both (b) and (c)","D"]
[109,"Breach of trust occurs when:","Theft takes place from guarded parking lot","Theft takes place from owners' friend's house","Theft takes place due to negligently forgotten of key with the vehicle ","Theft takes place with disappearance of driver with the vehicle","D"]
[110," Percentage of depreciation in airbag is: ","Depending on the age of the vehicle ","Like depreciation of plastic parts","Like fibre glass components ","None of the above","B"]
[111,"Which feature is not a u/w consideration for Motor Dept?","Color of car","Cubic capacity ","Age of vehicle ","Hire & reward","A"]
[112,"IDV of new vehicle represents ","Invoice price","Invoice price less 5"," Ex factory price","Cost on road less 5%","B"]
[113,"IMT 23 deals with","Compulsory excess","Exclusion of special perils like flood, storm, typhoon "," Exclusion of riot, strike and terrorism","Replacement of lamps, tyres etc","D"]
[114,"Long term Motor Insurance Policy is now available for the following classes of vehicles","Private Car","Two wheeler","Commercial vehicle ","None of the above","B"]
[115,"Agreed value policy in Motor Insurance can be issued for ","Classic cases","Commercial vehicle ","Vintage car","Private cars","C"]
[116,"Maximum towing & spot repair charges payable in event of claims under commercial vehicle","Rs. 1500 ","Rs. 1000 ","Rs. 500 ","Rs. 2500","D"]
[117,"Maximum towing & spot repair charges payable under Pvt. Cars vehicle ","Rs. 1000","Rs. 1500 ","Rs. 1200 ","Rs. 2000","B"]
[118,"Rating of goods commercial vehicle is based on ","Carrying capacity of vehicle","Unloaded weight of the vehicle ","Gross vehicle weight of vehicle ","Age of the vehicle","C"]
[119,"Which of the following does not have policy excess?","2 wheeler","Commercial vehicle ","Private car vehicle","None of the above","D"]
[120,"Which of the following statements is true for NCB?","Policy is renewed after 12 months of expiry ","NCB earned can be substituted","Vehicle stands transferred to spouse following death of insured ","All the above","D"]
[121,"Which section of the MV Act deals with the defense available to the insurers under Motor Policy in respect of MACT Claims?","Section 140 ","Section 143 ","Section 170","Section 163 (A)","C"]
[122,"A motor accident claim victim can file a case in MACT for compensation ","At the place of accident","At the place where he resides","At the place of issuance of policy ","All of the above","D"]
[123,"'Dealer' means a person who is engaged in","Building bodies for attachment to chassis ","In repair of motor vehicle","In the business of hypothecation, leaving etc.","Authorized entity for sales and service of new vehicles","D"]
[124,"Which of the following statement is correct?","Transfer of ownership shall not affect admissibility of liability in respect of Act only policy","Transfer shall apply within 10 days to the insurer ","Fresh proposal form is required for transfer","Transfer of own damage portion is automatic","A"]
[125,"Which of the following is not relevant in Motor Vehicle Insurance?","Sec 146 of the Motor Vehicle Act 1988","WC covers for workmen in charge of operation & maintenance of vehicle."," IDV","Reinstatement","D"]
[126,"By which section of Motor Vehicle Act Motor Vehicle Insurance is made obligatory for plying in public places","See 146 ","See 170 "," See 176 ","See 420","A"]
[127,"Which of the following is not relevant for determination of TP compensation under motor policy?"," Age","Income ","Sex","Dependency","C"]
[128,"No Fault liability means No fault on the part of ","Public","Insured Vehicle ","Third Party","Insurers","B"]
[129,"Which of the following is relevant for hit and run cases?","Prime Ministers relief fund ","Environment relief fund","Solatium fund","Public Provident Fund","C"]
[130,"The transferee is entitled for a OD claim only when ","RC is transferred in his names","Sale consideration is paid","Insurance policy is transferred in this name ","He holds a valid driving license","C"]
[131,"The categorization of surveyor is done by ","Head office of the company","GIPSA","IRDA","Institute of Surveyors","C"]
[132,"Which one of the following is relevant for calculating repair liability under Motor OD?","New for old ","Depreciation ","Survey fees ","Garage rent","B"]
[133,"Compulsory Excess for two wheelers is ","Nil","Rs. 50 ","Rs. 100 ","Rs. 150"]
[134,"The Cover note issued for a motor vehicle does not contain ","Name of insurer","Engine and chases No. or registration no. ","Name of the driver","Validity Period","C"]
[135,"Non disclosure of a material fact shall make the policy ","Valid","Void","Voidable","Enforceable","B"]
[136,"Geographical  extension  is  not  allowed  to  which  one  of  the  following countries","Nepal "," Bhutan","Afghanistan ","Maldives","C"]
[137,"Under Total loss claim settlement basis:","Wreck need not be surrendered to the insurer","Partial salvage – can be surrendered and partly can be retained by the insured.","Full wreck has to be surrendered before claim settlement ","Full salvage/wreck can be surrendered after settlement","C"]
[138,"In case of Motor accident involving TP injury as well as own damage","FIR is a must","Only police certificate is sufficient","Intimation to the insurer alone is sufficient ","Driver statement","A"]
[139,"In a goods carrying vehicle:","Six persons can be carried as passengers","Any number of persons as passenger can be carried","Only six persons as coolies for the purpose of loading/unloading can be carried","Strictly neither coolies nor any other persons can be carried","C"]
[140,"In a 2 wheeler motor cycle policy, where owner/rider, who died in a road accident whilst on drunken driving. Identify the correct statement","As there is no prohibition in the State, 100% PA claim can be settled to his wife who is the claimant.","As  it  is  a  death  due  to  drunken  driving,  considering  contributory negligence 75% can be settled on non-standard basis, on compassionate ground.","Claim has to be totally rejected as it is a drunken driving ","25% of the SI can be settled not more than that.","C"]
[141,"In case of sale of motor vehicle","Transfer of motor insurance policy is automatic to the purchaser","Transfer of name in the motor policy can be effected at the time of next renewal","Transfer of insurance policy to the purchaser can be effected any time between name transfer in the RC to the expiry date of the policy","The transferee should apply within 14 days from the date of transfer of ownership of the vehicle","D"]
[142,"Which of the following is not an accessory in motor vehicle?","Fog light Assy","Steering wheel cover ","Driver seat assy","Sun visor","C"]
[143,"In case of motor vehicle accident, report of motor vehicle inspector is called for to know","The quantum of loss","The model of the vehicle","Whether the accident was caused due to any mechanical breakdown ","Third party loss","C"]
[144,"IDV principle brought peace in motor claim settlement because:","It liability at minimum","It guides total loss settlement"," It reduces disputes over total loss valuation ","Both (b) and (c)","D"]
[145,"Breach of trust occurs when:","Theft takes place from guarded parking lot","Theft takes place from owners' friend's house","Theft takes place due to negligently forgotten of key with the vehicle ","Theft takes place with disappearance of driver with the vehicle","D"]
[146," Percentage of depreciation in airbag is: ","Depending on the age of the vehicle ","Like depreciation of plastic parts","Like fibre glass components ","None of the above","B"]
[147,"Which feature is not a u/w consideration for Motor Dept?","Color of car","Cubic capacity ","Age of vehicle ","Hire & reward","A"]
[148,"IDV of new vehicle represents ","Invoice price","Invoice price less 5"," Ex factory price","Cost on road less 5%","B"]
[149,"IMT 23 deals with","Compulsory excess","Exclusion of special perils like flood, storm, typhoon "," Exclusion of riot, strike and terrorism","Replacement of lamps, tyres etc","D"]
[150,"Which of the following is Miscellaneous and special type of vehicle?","Scooter ","Trailer","Agricultural tractors ","Taxi","C"]
[151,"IDV of a vehicle of 7 years old is","Current invoice price less 50%","Market price of 7 years old vehicle ","Invoice less 70%","Not to insure at any value","A"]
[152,"Which  of  the  following  countries  is  not  covered  under  extension  of geographical areas?","Bangladesh ","Bhutan","China ","Nepal","C"]
[153,"Concession for laid up vehicle can be given in which of the following cases ","Vehicle can not be used due to accident","Vehicle laid up in garage and not in use for more than one month ","Vehicle laid up in garage and not in use for more than 2 months "," Vehicle under police custody","C"]
[154,"Motor pool takes care of the following business ","Obligatory cession","Declined insurers","Third party commercial vehicles ","Third party all vehicles","C"]
[155,"Motor reinsurance is normally done on the following basis ","Quota share","Facultative","Surplus treaty","Excess of loss","D"]
[156,"Motor trade road risk policy can be underwritten on the basis of ","Type of vehicle","Trade certificate ","Dealership","Vehicle in transit","B"]
[157,"Motor third party insurance is not required for two wheelers only when the cubic capacity is less than","100 cc","35 cc ","50 cc ","None","B"]
[158,"Section 173 of MV Act relates to ","TP property damage","Appeal cases ","Fault liability","None of the above","B"]
[159,"No appeal lies in High Court if the MACT compensation amount is less than ","Rs. 1 Lakhs","Rs. 50,000 ","Rs. 10,000 ","Rs. 25,000","C"]
[160,"Non Motor Policy can be issued in the following case ","Mobile crane","Private car","Commercial vehicle","Motor cycle with 50cc","A"]
[161,"Under section 170 of MV Act insurer can get the right to contest the TP claim on all grounds as of the owner in which of the following cases","Collusion between driver and conductor ","Collusion between insured and claimant ","Collusion between driver and claimant","Collusion between insurance co. and claimant","B"]
[162,"Which of the following losses are not excluded under OD section of package policy?","Consequential loss","Depreciation of wear and tear","Mechanical and electrical failure ","Fire damage","D"]
[163,"The Insurer can cancel the policy by sending notice of ","10 days","15 days ","7 days ","30 days","C"]
[164,"No claim discount can be allowed provided a fresh policy is obtained within ","30 days","180 days ","90 days","15 days of the expiry of the previous policy","C"]
[165,"In case of a private car package policy, the insured may authorize repairs necessitated by damage caused under policy provided estimated cost of such repairs does not exceed:","Rs. 1000 ","Rs. 500 ","Rs. 250 ","Rs. 1200","B"]
[166,"As regards risk of 'explosion' to be covered, it means:","Only internal","Both internal and external ","Only external explosion","Covered only by additional premium","B"]
[167,"Sum insured of a vehicle is based on:","Insured Market value","Insured Declared value ","Insured Draft value","Insured Estimated value","B"]
[168,"TP premium on a private car ","Ceded entirely of GIC","Ceded entirely of India Motor Pool ","Retained by U/W Company","Shared by all PSUs","C"]
[169,"TP Provision in a claim is kept","Present trend of local courts ","Age factor of deceased","Rate of interest prevalent ","All above factors","D"]
[170,"What is not required in a Theft Case?","DL","Subrogation Bond ","FIR","FR","A"]
[171,"TP insurance was first made mandatory in:","India","England","USA","Soviet Union","B"]
[172,"An MACT case can be filed","In the area of accident ","Anywhere in India","Any place near to U/W office","At the place where the victim belonged to","B"]
[173,"Which of the following doesn't have a bearing while accepting a motor proposal?","Moral hazard of the insured","Roadworthiness of the vehicle","Educational qualification of the proposer ","Anti theft devices fitted in the vehicle","C"]
[174,"Owner of goods traveling along in a goods vehicle will be treated for the purpose of claims as:","Insured","Third party","Gratuitous passenger ","Employee","B"]
[175,"“Claim Enq. Officer” and “Claim Settlement Commissions” are part of:","MACT","EST Act","Soratium Fund ","WC Act","C"]
[176,"OD Claim under Comml. Vehicle chemical tanker will be considered if the driver has:","Valid DL to drive any vehicle ","Valid DL to drive a tanker","Valid DL endorsed with handling of hazardous chemicals ","Valid DL with 5 years experience in driving a tanker","C"]
[177,"Application for compensation to be made at MV Act ","Place of accident","Place of insurance","Place of residence of the claimant ","Any of the above","D"]
[178,"The time limit normally allowed for presenting claim petition u/s 166 is ","3 months","6 months ","9 months ","1 year","B"]
[179,"In respect of TP Claims, the insurance company can repudiate liability","Only if it proves that the DL was not valid and the driver was disqualified from having a license on the date of accident","If the driver was in possession of the learning license","If the DL had expired ","None of the above","A"]
[180,"On the date of accident, the Insured had sold the vehicle and the policy was not transferred under the circumstances","The Insured Co. can deny TP Liability","The Insured Co. cannot deny TP liability","The insured Co. can pay OD claim and deny TP claim ","None of the above","B"]
[181,"OD claims arising out of collision of vehicles are processed on the basis of:","Normal claims handling procedure ","Knock for knock agreement","Market agreement","Memorandum of understanding","A"]
[182,"Red lining in Motor Insurance means ","Scope of the policy","Compliance of notice period ","Timing requirements","Geographical limits","B"]
[183,"A third party liability is often awarded against more than one insurer in case of ","Dispute on admissibility of claim","Absence of insurance policies","Unenforceable policies produced ","Contributory negligence","D"]
[184,"By collecting additional premium Rs. 25 to cover the workmen in-charge of the vehicle, the policy provides an option for preferring a claim under:","MV Act only ","WC Act only","Either MV Act or WC Act ","Common law","C"]
[185,"Refund of premium on account of double insurance of motor vehicles can be allowed on pro-rata basis only for the period during which","The policy proposed for cancellation is in force","The policy not proposed for cancellation is in force","Both the policies are in force on the date of cancellation ","Both the policies are concurrently in force","D"]
[186,"WC Claims under Motor Policies can be appealed only after","Conditional satisfaction of the order of the labor commissioner ","Compliance of notice period","Approval of competent authority ","Satisfaction of the award","D"]
[187,"Which of the following statement is correct?","Misc. type of vehicles warranting registration as per MC Act can not be covered under CPM policy","Excess applicable to miscellaneous type of vehicle is 0.5% of IDV\nsubject to a minimum of Rs. 2500.\n","An ambulance can be insured as a private car","Claims arising out of accident due to overturning of vehicle whilst in operation as a tool of trade is payable under a standard motor policy","B"]
[188,"Which document is not required for OD claim processing?","Registration book of vehicle ","Assessed loss statement","Driving license of driver while accident ","Driving license of the insured","D"]
[189,"Following documents are not required for TP claim processing","Summon from Court","Purchase receipt of vehicle ","Police report","Insurance Policy","B"]
[190,"For which type of vehicles India is divided into three zones:","Private Car","Commercial Vehicle – Passenger carriers ","Two Wheelers","Motor trade","B"]
[191,"What are the other countries, which cannot be covered under motor vehicle insurance issued in India?","Nepal","Bangladesh ","Myanmar","Pakistan","C"]
[192,"Sunset clause refers to ","Vintage vehicles","Constructive total loss","No claim bonus","Expiry of the policy","C"]
[193,"Public place is defined under MV Act as:","Factory premises ","Public needs","All places where public can access ","Public sector companies premises","C"]
[194,"For constructive total loss under motor vehicle policy payable loss has to constitute more than what percentage of IDV",null,null,null,null,"C"]
[195,"Which one is an add-on cover under motor vehicle insurance?","Volcanic outburst","Mechanical Break Down ","Meteorite strike","Personal Accident coverage to employees","D"]
[196,"Which is not a factor for structured compensation under Motor Third Party liability?","Age of the deceased","Dependency of the complaint ","Income of the deceased","Income of the insured","D"]
[197,"Insurance Agency Commission is not allowed under ","Commercial vehicles","Two wheelers","All Third party insurances","Only third party private car insurance","C"]
[198," Insurer's liability towards third party ceases ","When owner is not the insured","When new owner shows another insurance policy ","After motor total loss claim is paid","On the death of the insured","B"]
[199,"Motor vehicle insurance is not compulsory if:","Engine is below 35 cc without gear","If it is registered as per MV Act","If it is being used within a premises all the time",null,"A"]
[200,"What is not a factor for making provision for Motor TP claim?","Applicant's amount claim ","Legal expenses","Interest on delayed settlement","Interest already gained on incurred claim not yet paid","A"]
[201,"As per sec. 158 (6)","It is mandatory for police to forward a copy of accident report within 30 days to insurance company","The owner of the vehicle has to produce within 30 days the certificate of\ninsurance to the police\n","The owner of the involved vehicle is required to give any information as\nrequired by the police officer to determine whether the vehicle was or\n","wasn't being driven in contravention of sec. 146\nIt is mandatory for the officer in charge of the police station to forward a\n","D"]
[202,"The loaded truck was going from Chandigarh to delhi. A vendor with the permission of the driver undertook a journey in between in the cabin of a truck with a bag of vegetables meant for sale. He died in accident when the truck hitted a road side tree. As per which section of the MV Act, the insurance company can say that the vendor with head load of goods is not covered?","Sec. 147","Sec. 149(2)","Sec. 170","No defence is available to the insurance company since owner of the goods are covered under the amended act.","A"]
[203,"As per sec. 170","Appeal on negligence issue in High Court cannot be filed unless petition u/s 170 has been filed in the trial court","Appeal in High Court challenging the quantum can be filed only if the petition u/s 170 has been filed in the trial court.","The defence by insurance company is available to establish the fraud case at the trial court","Insurance company can contest the case on breach of policy conditions","B"]
[204,"The insured of a private car has lodged a claim under third party section of the\npackage policy claiming compensation of Rs. 30,000/- which he had given at\nthe spot of the accident to the injured victim to get away from the furious mob.\nHe has produced a valid stamped and notarized receipt from the injured.\nWhich section allows payment of compensation to the insured under the said circumstances?\n","Sec. 151 ","Sec. 157 ","Sec. 158","None of the above","D"]
[205,"An unskilled & bachelor labourer aged 23 years dies in an road accident.\nWhich of the following documents is vital for determining the compensation payable?\n","Age proof of the deceased","Income proof of the deceased ","Occupation of the father","Age of the mother of the deceased.","D"]
[206,"The Branch Manager of an Insurance company is travelling in the company pool car and insured under a package policy with legal liability to driver. The accident resulted in the death of the Branch Manger and injury to the driver. As per the terms and conditions of the package policy, compensation is payable to","Driver only","Branch Manager only","Both to the driver and Branch Manager ","None of the above","A"]
[207,"Which document is the most essential for settlement of injury claims before\nLok Adalat?\n","income certificate of the injured ","age proof","injury certificate ","medical bills","C"]
[208,"What is the limitation period for filing appeal in the High Court?","90 days from the date of the award ","30 days from the date of the award","90 days from the date of the award plus the time taken by court to supply certified copy.","30 days from the date of receipt of certified copy of award from the advocate","C"]
[209,"Who is competent witness to depose on behalf of company to deny negligence in an accident involving two vehicles insured by two different companies?","Driver of our insured vehicle ","Driver of other vehicle","Our investigator ","Police officer","A"]
[210,"As per the landmark judgment of Apex Court in Sarala Varma Vs. DTC case-"," Prospective  income  is  to  be  taken  into  account  while  calculating compensation for the deceased person engaged in permanent job prior to his death.","The loss of dependency for death cases is to be calculated on the basis of number of dependents","Income tax and professional tax is to be deducted before calculating the loss of income","All of the above.","D"]
[211,"Compensation in motor accident cases on the principle of no fault liability is payable under","Sec. 166 of M V Act ","Sec. 140 of M V Act","Sec. 163A & Sec. 140 of M V Act ","Sec. 163 A of MV Act","C"]
[212,"The land mark judgment in NIC Vs. Challa Bharatramma relates to the following documents","Permit ","DL","Fitness certificate ","Cheque dishonour","A"]
[213,"What defence is available to insurer to deny liability in a claim of motor accident involving a bus against death/injury to the passengers?","The drunkenness of driver ","No Fitness of the bus","Overloading of passenger carrying capacity","All of the above","B"]
[214,"What is the time limit for filing WS in MACT Case as per the CPC\nammendment?\n","30 days ","60 days ","90 days","No time limit","A"]
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[1,"Mediclaim policy is basically a: ","Benefit policy","Indemnity policy","Neither benefit nor indemnity policy","Both indemnity and benefit policy","B"]
[2,"Group mediclaim policies are of: ","High volume & high margin ","Low volume & high margin ","Low volume & low margin","High volume & low margin","D"]
[3," The penetration of health insurance in India is around:","5% of the total population","2% of the total population","4 % of the total population","10% of the total population","B"]
[4,"Mediclaim policy was introduced by PSU Insurers in the year:",1986,1973,1976,1996,"A"]
[5,"The new definition of pre existing disease is being implemented by Insurers with effect from:","1.4.08","1.6.08","1.4.07","1.6.07","B"]
[6,"The TAC collects health Insurance data from TPAs and Insurers in respect of: ","Policy, members and claims","Policy and claims only ","Policies and members only ","Claims only","A"]
[7,"Critical Illness policy is a: ","Indemnity policy ","Benefit policy","Both indemnity and benefit policy","Neither of the two","B"]
[8,"Insurers, TPAs and Broking Companies cannot raise capital except through: ","Preference Shares","Equity capital ","Hybrid Instruments ","Transfer of shares","B"]
[9,"IRDA grievance redressal department deals with only: ","Cases of delay & non response","Claims dispute","Policy contract dispute","Complaints written on behalf of policy holders by Advocates, agents or any third party","A"]
[10,"A takes a mediclaim policy with coverage of Rs 5 lacs for a year from 1.1.09.In May 2009, he prefers a claim for Rs 1.5 lacs. The coverage available to A for the balance period is: ","Rs 1.5 lacs","Rs 3.5 lacs","NIL","Rs 5 lacs.","B"]
[11,"All factors other than one stated below does not determine the premium payable under a health policy:","Age ","Occupation ","Sum insured ","TPA option","B"]
[12,"Mediclaim policy generally has a post and pre hospitalization benefits for:","30 days and 60 days","60 days and 30 days","30 days and 15 days","15 days and 30 days","B"]
[13,"Under  the  Rashtriya  Swasthya  Bima  Scheme  the  Central  and  State Government share the premium in the ratio of:",2.1180555555555558,3.1423611111111112,"25:75",3.3472222222222219,"C"]
[14,"Under the UHIS policy, a portion of the premium is borne by: ","State Government","Central Government","Both Central & State Government","Neither the Central and State Government","D"]
[15,"World Health Day is celebrated on: ",41371,41501,41615,41623,"A"]
[16,"A health insurance policy may be cancelled for all reasons except one. Which one:","Misrepresentation","Fraud","Non-disclosure or non co-operation","Claims history","D"]
[17,"The World Health Organization is headquartered at:","Geneva","Berne ","New York ","Tokyo","A"]
[18,"All but one statement is not correct in respect of Jana Arogya policy:","The coverage is for poorer sections of the society between the age of 5 to 70 years.","The sum insured per person is restricted to Rs 5000/-","Tax benefit under Section 80 D is available for premium paid","The policy can be taken for parents as well.","D"]
[19,"What is common to Jana Arogya Policy and group mediclaim policy?","Cumulative and health check up are not payable under both. ","Maternity benefit extension is available","Renewal is subject to Bonus/ Malus clause","Both are group policies","A"]
[20,"Group Discount is generally not offered under a Group Mediclaim Policy if the group size is:","< than 51","< than 101","> than 101","> than 51","B"]
[21,"The underwriting practices of a health insurance company provides for loading of a tailor-made group policy if loss ratio is > than 70 % to keep it at 70% as if basis. In a particular tailor-made group policy, the loss ratio is 150%. What would be the loading on renewal to maintain the loss ratio at 70%?",1.2,1.1399999999999999,0.7,1,"B"]
[22,"Group Discount under a group mediclaim policy is allowed on the group size: ","At the end of the policy period","On anticipated group size","Actual size at the commencement of policy","To be adjusted on average group size","C"]
[23,"The basic premium under a group mediclaim policy is:","The total premium computed before applying Group Discount, High Claims Ratio Loading/ Low Claims Discount and Special Discount, if any","The total premium computed after applying Group Discount ","The total premium computed after applying all discounts ","None of the above","A"]
[24,"All except one statement is correct in respect of Cancer Medical Expenses Policy of the Indian Cancer Society. Which one is incorrect?","The policy is available for members of the society maximum upto the age of 70 years.","The policy is available to individual ordinary, Well Wisher Ordinary, Well Wisher Corporate and Well Wisher Life Member","The policy covers the member and spouse for Rs 50,000/- and in case of claim by one the partner is not entitled for any benefit under the policy. ","The sum insured of Rs 50,000/- is paid as a benefit in case of detection of cancer.","D"]
[25,"Mr A has enrolled himself along with his spouse as members of Cancer Society from 1.1.09. The insurance will commence from:","1.1.09","1.2.09","15.1.09","None of the above.","B"]
[26,"Which statement is correct in case of Overseas Mediclaim policy?","Premium is payable in foreign currency and claim is payable in foreign currency.","Premium is payable in rupees and claim is payable in foreign currency. ","Premium and claim is paid only in US dollars","None of the above.","B"]
[27,"The premium under OM policy depends on all except: ","Age band","Trip band and country of visit","Coverage","Income","D"]
[28,"Which is not a government supported health policy?","UHIS (BPL)","Varishtha/ Sr Citizens policy","RSBY","Rajiv Arogyashree","B"]
[29,"ABC Company has a tailor-made group mediclaim policy with an Insurer. The Insurer has 4 TPAs in panel and the policy will be serviced by a TPA. What is the best way to select the TPA?","Any TPA","Leave it to the option of Insurer","Arrange for a presentation from TPAs and then select","Accept as it comes","C"]
[30,"There could be many ways to reduce health insurance premium. Which one of the below listed does not help in reducing premium:","Reduction of benefit","Curtailment of coverage by imposing co-payment","By getting subsidy","TPA option","D"]
[31,"A Company needs to have a license from IRDA to act as TPA. The amount of non-refundable processing fees and license fees payable are:","Rs 20,000/- and Rs 30,000/- ","Rs 30,000/- and Rs 20,000/- ","Rs 25,000/- and Rs 50,000/- ","No fees payable","A"]
[32," A TPA whose application for license has been rejected may apply afresh after:","2 years","1 year","5 years","3 years","A"]
[33,"The license issued to a TPA is valid for a period of:","3 years","2 years","5 years","1 year","A"]
[34,"What is the threshold limit of transfer of shares of a TPA to be informed to IRDA?",0.05,0.01,0.1,0.26,"A"]
[35,"One of the conditions is not relevant to act as TPA in India. Which one:","A company with share capital and registered under the Companies Act 1956","The minimum paid up capital shall be in equity shares of Rs one crore and should have working capital not less than Rs one crore any time of its functioning","The TPA to carry on only health services","Aggregate holding of equity shares by a foreign company may be upto 50%.","D"]
[36,"The look back period for pre-existing disease from first commencement date of mediclaim policy is:","48 months","36 months","No limits","12 months","A"]
[37,"The look back period for pre-existing disease from the policy commencement date under Overseas Mediclaim policy","One year ","Six months ","No limits","48 months","A"]
[38,"The any one-trip limit and total duration of stay under CFT are restricted to:","60 days and 180 days","30 days and 60 days","14 days and 180 days","15 days and 30 days","A"]
[39,"The mediclaim policy if claim free earns a cumulative bonus. However in case of a claim the earned benefit is reduced by:","5% of the accrued benefit","10% of the accrued benefit","10% of the sum insured","10% of the claim amount","C"]
[40,"A disease is said to be acute when:","It has an abrupt beginning and quick ending ","Gradual beginning and long persistence ","Left alone can be fatal","Disease without complication","A"]
[41,"The minimum hospitalization period for accrual of benefit under mediclaim policy is:","24 hours","48 hours","No time limit","12 hours","A"]
[42,"According to recent regulation of IRDA all health insurance policies should have a mechanism to condone delay up to a specified time for continuity of benefit in respect of waiting period and pre-existing disease. What is that period?","15 days","7 days","1 month","3 months","A"]
[43,"Any change in the premium structure and terms of health insurance policy can be implemented only after the approval of IRDA. However Insurer has to intimate the changes/ revisions to all policyholders at least:","3 months prior to the date of renewal of policy","1 month prior to renewal","Not necessary to inform before renewal","6 months prior to renewal","A"]
[44,"The fees payable to TPA for rendering health services in the eastern and western India is:","6% of premium","5.4% of premium","5.5% of premium","None of the above","B"]
[45,"The Sr citizens are entitled for tax benefit under Section 80 D of the Income Tax Act up to","Rs 20,000/- ","Rs 15,000/- ","Rs 50,000/- ","Rs 25,000/-","A"]
[46,"The co-branded health insurance policy with Banks has become very popular in India. It is an example of:","B2B business model ","B2B2C business model ","B2C business model","None of the above","B"]
[47,"Which one of the following policy is a deferred mediclaim policy?","Jana Arogya ","Arogyashri ","Bhavishya Arogya ","Sampoorna Arogya","C"]
[48,"The beneficiary under CGHS and Central Services (Medical Attendance) Rules 1944 can opt for mediclaim policy. State which statement is incorrect?","They can claim reimbursement from both the sources subject to the total reimbursement not exceeding the total expenditure incurred for treatment","The beneficiaries first have to claim on original documents with Insurer and secondly claim with CGHS on photocopy and certification from Insurer","The reimbursement from CGHS or other department source will be restricted to admissible amount as per approved package subject to the amount not exceeding total expenditure on treatment.","The amount of treatment will be shared under contribution clause.","D"]
[49,"The Rashtriya Swasthya Bima is a smart card based health scheme for BPL  families in states across the country. What is the sum insured under the policy?\n","Rs 30,000/- ","Rs 25,000/- ","Rs 50,000/- ","Rs 20,000/-","A"]
[50,"The  Rashtriya  Swasthya  Bima  Scheme  provides  for  pre  and  post hospitalization beneft up to:","1 day and 5 days","7 days and 15 days","Does not provide for it at all","Total 10 days","A"]
[51,"The BPL families can enroll themselves under Rashtriya Swasthya Bima Scheme by payment of registration fees of: ","Rs 10/-","Rs 30/- ","Rs 50/-","Free of cost","B"]
[52,"Under Rashtriya Swasthya Bima a fixed transport allowance per visit is allowed subject to an annual limit of Rs 1000/-, what amount?","Rs 100/- ","Rs 50/- ","Rs 60/- ","Rs 30/-","A"]
[53,"The Rashtriya Swasthya Bima entails only: ","Cashless hospitalization","Re-imbursement","Both cashless and re-imbursement","Pre-paid system","A"]
[54,"The age for calculation of premium under mediclaim policy is: ","Completed age","Running age","Either of the two"," ","A"]
[55,"The riders in a health insurance policy give additional benefits to a policy holder but it does not have any investment or saving element. As per IRDA regulation the benefit arising out of an individual rider cannot exceed the basic sum insured and the premium paid for the rider is capped at :","30 % of the basic policy cost","40% of the basic policy cost","20% of the basic policy cost","10% of the basic policy cost","A"]
[56,"The DTC  will be implemented  in the country from effect from 01.04.2012. The premium paid for health policies for an individual assessee will be eligible for tax benefit under Income Tax Act for :","50,000 /-","1,00,000/-","35,000/-","15,000/-","A"]
[57,"The health insurance portability in Indian health insurance market will be implemented with effect from :","1.7.2011","1.1. 2012","1.4.2011","1.9.2011","A"]
[58,"As per IRDA guidelines on portability  on  health insurance policies ,which one of the following is not correct :","Provide credit for the period of cover for PED in terms of waiting period with previous insurer.","Provide credit of the sum insured under previous insurer including bonus.","Provide credit to the sum insured only & not bonus.","Provide credit to both PED & existing sum insured including bonus.","C"]
[59,"As per portability rules, the existing insurer has to  share the entire data base including the claim details of the policies with their counterparts in:","7 days","10 days","3 days","15 days","A"]
[60,"The application for portability has to be acknowledged by insurer within :","3 working days","7 working days","15 working days","10 working days","A"]
[61,"For online filing of health insurance products the IRDA has provided for submission for :","Data base sheet","Self administered checklist ","Customer information sheet ","Hospital & TPA list","A"]
[62,"As per Section 64 VB of the Insurance Act, 1938 no risk to be assumed by an Insurer unless premium is received in advance. Rule 58 & 59 of Insurance Rules 1939 provide relaxation in the payment of premium in all policies except:","Group Hospitalization Insurance Scheme & Sickness Insurance","Medical Benefit Insurance","Group Personal Accident Policies","Individual health policies","D"]
[63,"The Insurance Rules provide that the group Health Premium may be accepted in installments covering a particular period:","Before the due date","Before the policy commencement date","Within 15 days of commencement of the period","Within 7 days of the date of commencement of the period","C"]
[64,"The standardization of billing procedures in hospitals, contents of discharge summary & standardization of TPA/insurer & TPA/hospital contract have been done by:","FICCI Health Insurance Group","IRDA Health Self","General Insurance Council","Health Insurance Council","A"]
[65,"When  a  Insurer  knows  more  about  consumers  expected  costs  than  the consumer themselves and uses marketing or plan design to enroll healthier people than usual population, it is called:","Cream skimming ","Adverse Selection ","Lemon dropping ","Information Asymmetry","A"]
[66,"The PSGICs shortlisted providers with package rates for identified procedures in four cities of Mumbai, Delhi, Chennai & Bengaluru for implementation from 1.7.2010. This exercise by PSGICs is called the:","PPN ","PPP","Select Networking","Neworking","A"]
[67,"Health  insurance  market  has  many  imperfections  and  informational asymmetry is common. Health insurance underwriting is successful when:","If both insured and insurer are informed","If both the insured and insurer are under-informed ","If insured is un-informed and insurer is informed ","If insured keeps insurer uninformed","A"]
[68,"The number of standalone health insurance companies in the country is: ","Three","Two ","Four ","One","A"]
[69,"It is estimated that health insurers' loss due to fraud is around 10% of the claim outgo. When   normally honest people pad legitimate claims to get higher amount of claim or to cover excluded items under policy, it is known as :","Soft fraud","hard fraud","application fraud ","eligibility  fraud","A"]
[70,"Age group of girl child in Bhagyashree policy is revised to ","Upto 10 years","10 to 25 years "," Upto 18 years ","Upto 21 years","C"]
[71,"What is the regulatory requirement of capital for setting up a stand alone health insurance company in India?","100 crores","50 crores ","35 crores ","200 crores","A"]
[72,"Under Bhavishya Arogya Policy, premium is not based on ","Age at entry","Retirement age chosen ","Sum assured opted","Sex of the insured","D"]
[73,"Which of the following is not a health insurance product ","Kisan Package policy","Cancer Insurance policy ","Critical Illness policy","Bhavishya Arogya policy","A"]
[74,"Income tax benefit under Section 80(D) of IT Act is admissible ","If premium is paid in cash","If premium is paid by cheque "," (a) and (b)","None of the above","B"]
[75,"The tax relief for annual premium for a health policy for senior citizens is ","Rs. 10,000/-","Rs. 15,000/- ","Rs. 20,000/- ","Rs 25,000/-","C"]
[76,"Which of the following is covered under mediclaim insurance policy ","Dental treatment","Cost of Spectacles ","Cost of Pacemaker ","Cosmetic Surgery","C"]
[77,"Under which mediclaim policy , the benefit    is    paid in cash but not reimbursed","Universal Health Insurance","Jan Arogya","Critical Illness","None of the above","C"]
[78,"Under Hospitalization claim in Standard Mediclaim policy, relevant medical expenses incurred during the period of how many days after hospitalization are treated as part of the claim:",15,45,30,60,"D"]
[79,"The Standard Mediclaim policy excludes any disease (other than diseases excluded during the first year of operation) for how many days from commencement of policy.",30,45,15,60,"A"]
[80,"Under Standard group Mediclaim policy, which of the discounts are not granted?","Long term discount","Group discount","Low claims discount ","None of the above","A"]
[81,"Which of the following expenses are 'not' payable under Maternity Benefit*?","Cesarean","Abdominal operation for extra-uterine pregnancy ","Miscarriages due to accident","Pre-natal expenses prior to hospitalization","D"]
[82,"The maximum amount of premium paid by other than Senior Citizens under Mediclaim policy that qualifies for income tax benefit is*:","Rs. 10,000 ","Rs. 20,000 ","Rs. 7,500 ","Rs. 15,000","D"]
[83,"Which  of  the  following  factor  does  not  affect  premium  for  Overseas Mediclaim Policy?","Age","Country/Countries to Visit ","Nationality of the Insured. ","Duration of cover.","C"]
[84,"Pricing of Mediclaim policy is made based on           a) The pure risk cost method\nb)   Experience rating cost\n","a only","b only"," Both a & b","None of the above","C"]
[85,"Family discount of 10% in the total premium cannot be allowed to a family comprising the insured and any or more of the following:","Spouse","Dependent Children ","Dependent Parents.","Dependent Sisters/Brothers.","D"]
[86,"What is the maximum Cumulative Bonus, which can be earned in a Group Mediclaim Policy?",0.1,0.15,0.5,"None of the above.","D"]
[87,"Under which of the following situations, one month waiting period under Mediclaim Policy claim is not required:","Sudden Heart Attack","Child birth.","Accidental injuries. ","Tooth ache.","C"]
[88,"TPAs are not involved in which of the following policies ","Group Mediclaim policies","Individual Mediclaim policies "," Universal Health policies","Bhavishya Arogya policies","D"]
[89,"The Mediclaim policy was first introduced in India in ",1986,1985,1987,1990,"A"]
[90,"What is the minimum number of persons to be covered for the eligibility of Family Discount under the Mediclaim Policy?",1,2,4,5,"B"]
[91,"Post Hospitalization and Pre Hospitalization expenses are covered for the following number of days under the Mediclaim policy","45/45","60/30 ","30/30 ","75/15","B"]
[92,"Which of the following statement is TRUE in respect of a claim under a new mediclaim policy?","The coverage starts after 15 days from inception of the policy","There is a waiting period of 30 days except for accidents ","There is a waiting period of 60 days","None of the above","B"]
[93,"Which of the following is excluded in the Standard Mediclaim Policy?"," Simple Tooth Extraction ","Cataract Operations","Hysterectomy ","All the above","A"]
[94,"In respect of Mediclaim Policy, TPA denote ","Third Party Availability for claims","Third Party Administrator ","To Pay Afterwards","None of the above","B"]
[95,"Which of the following is / are exclusion/s in the Overseas Mediclaim policy ","All pre existing disease","Travel against Medical Advice ","First USD 100 on every claim ","All of the above.","D"]
[96,"Following is not an ADD ON COVER under OMP","Personal Accident"," Loss of Check in Baggage","Delay of checked in Baggage ","Loss of Spectacles","D"]
[97,"Premium rate under the Overseas Mediclaim policy does not depend on ","Country of Visit","Trip band","Age band of the insured","Family status of the proposer","D"]
[98,"Universal Health Insurance Policy for BPL families is issued by ","Private and PSU Insurers"," PSU Insurers only","Central Government ","State Government","B"]
[99,"UHIS will not cover","Earning Member","Earning Member spouse and 3 Dependent Children","Earning Member Spouse, 3 Dependent Children and Parents ","Only dependent children","D"]
[100,"Medical Benefit under UHIS is restricted to ","Rs. 30000/- per family","Rs. 30000/- per member ","Rs.50000/- per family","Rs.12500/- per member","A"]
[101,"Claim are settled under the Overseas Mediclaim Policy ","By the Policy Issuing Office","Overseas Claim Settlement Agent","Insured pays to the Hospital and seek reimbursement ","Lloyds of London","B"]
[102,"Under the Mediclaim Policy a Hospital in an urban area is one which has facility at least","20 Beds","15 Beds ","10 Beds ","25 beds","B"]
[103,"In group health insurance covers, the least important underwriting aspect is ","Financial resources of the client firm","Male to female ratio among employees ","Age group profile of employees","Past claims experience","A"]
[104,"In   individual   health   insurance,   normally   which   contingency   is   not automatically covered?"," Cancer","Maternity","Minor surgery ","Accidental fall","B"]
[105,"In underwriting group health insurance, the underwriting factors that we do not consider are"," Occupation of employees","Age of employees","Previous claims experience","Longevity of life of average Indian","D"]
[106,"Cost of health check-up is available to the insured after an interval of:","ONCE IN THREE CLAIM FREE YEARS OF POLICY ","ONCE IN FOUR CLAIM FREE YEARS OF POLICY ","ONCE IN TWO CLAIM FREE YEARS OF POLICY","Once in every five years","B"]
[107,"What is the cost of Health check-up under Individual Mediclaim?","1% OF Average SI","2% OF SI","5% OF SI","MAXIMUM Rs.2500.","A"]
[108,"Family discount is available under individual Mediclaim Policy if taken for the family","@ THE RATE 5%","@ THE RATE 15%","@ THE RATE 10%","@ THE RATE 33 1/2%","C"]
[109,"When Insured opts for Mediclaim cover with cashless facility the Premium amount is loaded by",0.1,0.06,0.05,7.4999999999999997E-2,"B"]
[110,"What is the waiting period in respect to Maternity Benefit extension under Standard Group Medical Policy?","10 MONTHS ","12 MONTHS ","7 MONTHS ","9 MONTHS","D"]
[111,"Which one of the following diseases do not form part of first year exclusion ","CATARACT","HYSTERECTOMY","FISTULA","APENDICITIS","D"]
[112,"Bhagyashree Child Welfare Policy is applicable to:- ","Girl Child in the age group of0 to 18 years.","Whose Parents age does not exceed 60 years? ","This Scheme is for one Girl Child in a family. ","All above.","D"]
[113,"Under Mediclaim Policy the term “Medical Practitioner means:-","A person who holds a degree/ diploma from recognized institution.","Person who is registered by Medical Council of respective State of India.","Both of above.","None of above.","C"]
[114,"In relation to Standard Mediclaim Policy which of the following statement is correct-","Condition with respect to number of beds must be observed in all the cases","Condition with respect to number of beds is applicable only if the Hospital is not registered with local authority","Condition with respect of number of beds has been waived by IRDA","None of the above is correct","B"]
[115,"The benefit of section 80D of Income Tax Act in 2013 Budget has been- ","Scrapped","Increased ","Decreased","Kept unchanged","B"]
[116,"Which  one  of  the  following  expenses  is  not  covered  under  Standard Mediclaim Policy-?","Expenses towards HIV Test of patient before operation which is covered under this policy","Registration Charges of Hospital","Dialysis Charges in case of renal failure ","Angioplasty expenses","B"]
[117,"Which of the following criteria may not be complied with in the definition of hospital/nursing home, if it is not registered?","Fully equipped OT","At least 10/15 in-patients beds ","Tie up with TPA","Fully qualified nursing staff","C"]
[118,"For admissibility of expenses on hospitalization, the period of hospitalization should be","Minimum 24 hours in all the cases","Minimum 24 hours except in some cases of specific treatment ","Minimum 3 days","No such condition","B"]
[119,"Which of the following does not fall under the definition of Family under the  Mediclaim policy for family discount?","Spouse","Dependent children","Dependent sister","Dependent parents","C"]
[120,"In which of the following aspects, Mediclaim and Jan Arogya differs ","Definition of hospital","Cumulative bonus","Tax benefit under sec 80D","None of the above","B"]
[121,"Which of the following is a deferred mediclaim policy?","Bhavishya Arogya ","Jan Arogya","Cancer medical policy ","Overseas mediclaim","A"]
[122,"First loss cover is available under ","House Holders Insurance ","Shopkeepers insurance","Bankers Indemnity ","Burglary Insurance","D"]
[123,"Which insurance policy has worldwide geographical scope?"," Overseas health insurance ","Cash in transit","Personal accident insurance","Fidelity guarantee insurance cover","C"]
[124,"PA insurance Policy doesn't cover ","Death","Permanent total disability","Permanent partial disability ","Temporary partial disability","D"]
[125,"Contribution clause is not applicable for ","All risk insurance for valuables","Fidelity Guarantee Insurance","PA policy","Burglary Insurance","C"]
[126,"Floating cover is not allowed in ","PA insurance","Fidelity Guarantee insurance "," Burglary insurance","Health insurance","A"]
[127,"Standard Burglary Insurance (business premises) covers ","Loss occurring without any forcible entry","Loss detected while taking inventory ","Loss arising out of snatching of goods","Loss occurring as a result of forcible violent entry","D"]
[128,"Which one is not an insurance policy of indemnity?","Critical illness","Personal accident ","Burglary insurance ","Cash in transit","B"]
[129,"Under Sec.I of shopkeeper policy which risk is not covered ","Lightning","Flood","Aircraft falling ","Loss of money","D"]
[130,"“Environmental  Relief  Fund”  is  compulsory  along  with  premium  of insurance of","Public liability (Act) insurance","Workmen's compensation insurance policy ","Erection insurance policy","Cancer insurance policy","A"]
[131,"Which of the following policies has compensation fixed exactly as per statute?","Workmen's compensation insurance","Public liability Act insurance "," Motor third party insurance ","(a) and (b) above","D"]
[132,"Service tax is not chargeable along with premium under ","Burglary insurance","Personal accident insurance ","Health insurance","Janata Personal Accident Insurance","D"]
[133,"Stamp duty is to be paid by insured under ","W.C. Policy","Marine cargo transit policy"," Short period insurance policy ","Personal accident insurance","B"]
[134,"Aviation Hull Insurance policy can be purchased by ","Manufacturer of aircraft","Operator of aircraft","Lessor of the aircraft ","All the above","D"]
[135,"Workmen's compensation policy is not guided by ","WC Act","Fatal Accident Act ","Indian Contract Act ","Trade Union Act","D"]
[136,"Under which policy insured's residence and its contents are covered ","Transit insurance","Mobile insurance ","Aviation insurance","Householder's insurance","D"]
[137,"Meaning of 'legally liable' in a liability policy is ","Breach of legal duty to take care","Contractual liability ","Statutory liability","(a) and (c)","D"]
[138,"Which of the following is exclusion under the Workmen's Compensation policy?","Insured's liability to employees of contractors","Liability in respect of employees of insured","Liability  in  respect  of  workmen  contracting  any  disease  whilst discharging duties "," (b) and (c)","A"]
[139,"Claim Series Clause in Liability insurance means ","Single Accident may result in only one claim ","Single Accident may result in several claims","Single Accident may result in a series of claims which has to be clubbed ","(a) and (b)","C"]
[140,"In liability insurance premium is based on AOA and AOY ratio. Under which ratio limit of liability may get exhausted after one accident."," 1 : 1",4.3055555555555562E-2,4.3749999999999997E-2,4.4444444444444446E-2,"A"]
[141,"Products Liability policies are normally issued on which of the following basis","Risk Attaching basis","Losses occurring basis ","Turnover basis","None of the above","B"]
[142,"Find the correct answer: The premium under Mediclaim policy is based on ","Age","Job","History of previous surgery ","Sex","A"]
[143,"Under which of the following liability policies, compulsory excess does not apply?","Industrial risks","Non-Industrial risks ","Products","Public liability policy under PL  Insurance Act, 1991","D"]
[144,"Which of the following risks fall under Industrial Risks Liability policy?","Exhibitions","Permanent Amusement Parks "," Film Studios","None of the above","D"]
[145,"In the limits of indemnity under Industrial Risks Public Liability, which combination of any one Accident and Any one year cannot be generally allowed under the Market Agreement?*","Rs.10 lakh and Rs.40 lakh","Rs.10 lakh and Rs.50 lakh "," Rs.10 lakh and Rs.20 lakh ","Rs.10 lakh and Rs.30 lakh","B"]
[146,"Under Public Liability Insurance Act 1991 the owner is not liable to pay relief in the event of:","Damage of property of any person","Death of workman as defined in the Workmen's Compensation Act "," Death of any person","Injury of any person","B"]
[147,"Under Public Liability Insurance Act, a company has to insure for an amount not less than the amount of the insured's.","Good will","Paid up capital ","Turnover","Value of assets","B"]
[148,"Limit of liability in respect of Death under an ACT only public liability policy ","Rs.25000/-","Rs.50000/- ","Rs.12500/- ","Rs100000/-","A"]
[149,"Environment Relief Fund is collected by ","A Public Sector Banker","State Treasury","Wild Life Society","Insurance Company","D"]
[150,"Rate of Commission Payable under “Act only” Public Liability Policy ","Nil",0.05,0.1,0.125,"A"]
[151,"Contribution to Environmental Relief Fund is under the PLI Act ","Rs.50000/-","Rs.100000/-","AN EQUIVALENT AMOUNT OF PREMIUM","AN EQUIVALENT AMOUNT OF PREMIUM WITH SERVICE TAX","C"]
[152,"Retroactive date means","INCEPTION DATE OF FIRST POLICY without break ","DATE OF RENEWAL PREMIUM without break","EXPIRY DATE OF LAST POLICY","EXPIRY DATE OF FIRST POLICY","A"]
[153,"Which is not a NON-INDUSTRIAL RISK under Public Liability Policy?","HOTEL","LIBRARY","PAINT FACTORY","SHOP","C"]
[154,"Which policy is mandatory if your client is in hazardous industry dealing in hazardous substance?","Product liability","Professional liability","Public Liability (Non-Industrial)","Public Liability Act Policy","D"]
[155,"Generally Blood Stock Insurance relates to ","Blood Stock in Blood Bank.","Testing of Blood.","Indemnity in respect of death of a horse occurring from accident, illness of disease etc.","No such Insurance cover is available.","C"]
[156,"Under Liability Insurance the terms “AOA” relates to:- ","Assessment of Assets.","Against one Accident. ","Any one Accident.","Any other Accident.","C"]
[157,"Under Legal background “Trespassers” means: - ","A man found guilty of cutting trees.","A man who enters in forest and passes through.","A man who enter property without any right or permission. ","All of above.","C"]
[158,"In W.C. cases we can go for appeal only on the ground of: - ","On humanitarian ground","Finding of facts","Substantial Question of Law is involved. ","None of above.","C"]
[159,"In Employers Liability Insurance one of the following not covered:- ","Personal negligence of the Employer.","Negligence of Employees in the performance of their employment duties.","The willful disobedience by the Workman. ","Personnel negligence of fellow employee.","C"]
[160,"As per the Public liability act policy the compensation in case of an accident is ","Structured compensation","Unlimited liability","As per sum insured "," None of the above","A"]
[161,"Equal amount of premium collected under the PLI Act Policy goes to ","Prime Minister's Relief fund","Environment relief fund","Disaster management fund ","None of the above","B"]
[162,"Claim settling authority incase of claims under PLI Act Policy is ","Divisional Manager/ Sr. Divisional Manager","Regional Manager/ Chief regional Manager ","General Manager","District Magistrate/ Collector","D"]
[163,"Under Public Liability Industrial risks Policy pollution risk is ","automatically covered","can be taken as an add on cover ","any of the above","none of the above","B"]
[164,"Premium rating for Public liability policy depends on","Turnover, Limit of indemnity, No. of Units covered, Risk group","Sum insured selected, location of the Risk, Surrounding Property, Past claims experience","Both of the above ","None of the above","A"]
[165,"Claims under Product Liability policy can be paid in ","Foreign currency","Indian rupees only","In Foreign currency with RBI permission ","None of the above","C"]
[166,"The retroactive clause under a liability policy defines that","Under a claims made policy the loss should occur within policy period in case of renewal without break","The date of inception of cover and the time within which the legal proceedings should be completed","The period of keeping provisions for claim made under the policy ","None of the above","A"]
[167,"Liability policies are called long tailed policies because","Actual liability may arise a long period after expiry of the policy for claims arising during the policy period","Provisions for claims have to be maintained on the insurers books for a long period","Both of the above ","None of the above","C"]
[168,"Which one of the following statement is not correct in respect of Liability Insurances-?","Implied principle of Good faith is not applicable. ","Claims are paid to persons other than the insured","The insurer provides indemnity to the insured in respect of his potential legal liability.","Legal costs of the insured incurred with the consent of the insurers are reimbursed.","A"]
[169,"Which one of the following statements is not correct in respect of the liability Insurance covers ?","It covers Civil Liability arising under Common Law ","It covers Civil liability arising under Statutory Law ","It covers both (a) and (b)","It cover neither of (a) and (b)","C"]
[170,"In Liability insurance policies"," Policy period and period of insurance are always different ","Policy period and period of insurance are always same","Policy period and period of insurance may or may not be same ","There is no difference between the two","C"]
[171,"If your client is in hazardous industry dealing in hazardous substance, which policy would you suggest","Public liability (Non industrial risk)","Product liability","Professional liability","Compulsory public liability act policy","D"]
[172,"Under Personal Accident Policy Payment of Compensation in respect of death, injury or disablement of the insured Directly or indirectly caused by Venereal diseases or insanity is: -","Cover. Subject to 2% pf capital Sum insured","Cover subject to2% of Sum insured or 2,500/- whichever is less ","Full amount is payable.","Not covered.","D"]
[173,"Anatomy is a science, which deals with: - ","Matter pertaining to TV Antenna.","Matters pertaining to Aviation.","Deals with structure and position of body. ","None of above.","C"]
[174,"Bankers Indemnity Insurance Policy covers ","Burglary from vault","Wrongful and dishonest acts on the part of employees ","Fire of Bank Building","Cash in transit","B"]
[175,"“Retroactive period clause” is relevant to ","Personal accident policy","Bankers indemnity insurance","Workmen compensation insurance ","Health insurance","B"]
[176," “Pair and Set” clause is not a special condition under ","Fire Insurance","Burglary insurance ","Vintage car motor insurance policy ","Baggage insurance","A"]
[177,"Agreed value condition is applicable to","Valuable and curios under fire insurance ","Marine cargo insurance","Aircraft falling ","All of the above","D"]
[178,"The Policy and the Schedule shall be read together as one contract and any wording or expression to which a specific meaning has been attached in any part of this Policy or Schedule, shall bear specific meaning wherever it may appear.","This applies to Public Liability policy","This applies to Professional Indemnity policy","This applies to Workmen's Compensation policy ","Only (a) and (b)","D"]
[179,"Reinsurance of Public Liability is generally done on which basis ","Facultative","Excess of loss treaty ","Quota Share","Stop loss","B"]
[180,"Daily compensation benefit is available under which of the following:","Individual mediclaim ","Group mediclaim","Cancer insurance","Universal Health insurance","D"]
[181,"Accidental death is covered only under:","Group mediclaim ","Ind. mediclaim","Cancer insurance","Universal Health Insurance.","D"]
[182,"No fault liability concept is applicable to which of the following:","Public liability (industrial risk)","Public liability (non industrial)","Compulsory public liability under PLI act 1991 ","Product liability","C"]
[183,"For claims made Basis Liability insurance policies","Policy period and period of insurance are always different ","Policy period and period of insurance are always same","Policy period and period of insurance may or may not be same ","There is no difference between the two","A"]
[184,"For claiming compensation under W C policy, accident should ","Always be within factory premises","Always be outside factory premises","May be within or outside factory premises ","Always be at workers residence only","C"]
[185,"The time limit for appeal for National Consumer Forum to Supreme Court is:- ","30 days from the Order of National Commission.","60 days from the Order of National Commission","90 days from the Order of National Commission. ","No time limit.","A"]
[186,"Which of the following parties can bring an action against a director of a company giving rise to a claim under the D&O POLICY?","Customers ","Employees ","Regulator ","All above","D"]
[187,"What costs cannot be usually covered under a Product Recall cover ","Product Guarantee","Cost of recovering defectives products sent out in the market ","Cost of advertising to the public","None of the above","A"]
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[1,"What percentage of Sum Insured of any Policy underwritten in India will be Re- insured with the Indian Re-Insurer (GIC) compulsorily in the name of “Obligatory Cession?”",0.2,0.05,0.25,0.1,"B"]
[2,"As per IRDA regulations, the objective of Re--insurance is not to ","Maximize retention within the Country","Develop adequate capacity","Secure protection of catastrophic Losses ","Earn more profit.","D"]
[3,"Which is not an objective under Re- insurance programme as per IRDA (General Insurance Re-insurance) regulations 2000?","Simplify the administration of business ","Maximize retention within the Country","Enhance Re-insurance on facultative basis","Secure the best possible protection for the Re-insurance costs incurred","C"]
[4,"Which of the following terms does not relate to Reinsurance?","Treaty","First Loss","Facultative ","Stop Loss","B"]
[5,"Self Insurance  may not be suitable for ","Predicting accurately","Minimization of disputes. ","Grouping of risks.","Saving transaction costs.","C"]
[6,"In Sliding scale of commission arrangement","Commission payable varies in proportion to the loss ratio ","Commission payable varies inversely to the loss ratio","Commission payable is not related to the loss ratio ","None of the above","B"]
[7,"In the Reinsurance market, a Re-insurance contract is evidenced by ","Policy","Stamped Slip ","Endorsement ","Cover note","B"]
[8,"All General insurers in India --------- to GIC towards Re-insurance ","Have to necessarily cede 5% of their business","Have to necessarily cede 25 of their business","Have an option to cede between 10 25% of their business ","Are not bound to cede any business","A"]
[9,"In India, the minimum entry capital for a reinsurance company is ","Rs. 50 crore","Rs. 100 crore ","Rs. 200 crore ","Rs. 300 crore","C"]
[10,"Indian regulations prescribe a minimum credit rating of                  in respect of Re-insurers outside India.","AAA","AA","BBB","BB","C"]
[11,"Reserve for unexpired risk is calculated on","premium received including reinsurance ceded but excluding reinsurance received.","including reinsurance ceded and reinsurance received","excluding reinsurance ceded and including reinsurance received","excluding reinsurance ceded and excluding reinsurance received.","C"]
[12,"In India maximum reinsurance that a ceding company can place with a single reinsurer","1% Re-insurance ceded outside India ",0.05,"Is linked to the reinsurer's rating",0.25,"C"]
[13,"The statutory cession on each and every policy (subject to certain limits), received by GIC is",0.66659999999999997,0.05,0.33329999999999999,0.1,"B"]
[14,"Absence of direct relationship between Re- insurer and insured is an essence of the Re-insurance concept. Which of the following clause is against this concept?","Premium adjustment clause ","Claims cooperation clause ","Cut through clause","Follow the fortune clause","C"]
[15,"Which of the following is not relevant in facultative re insurance?","Sessions","Retrocession","Portfolio entry ","Reinstatement","C"]
[16,"In an XL form of Re-insurance the top and drop method is not relevant in which of the following case?","When there is more than one layer","When the number & amount of reinstatement is restricted ","When there is a single Re-insurer","None of the above","D"]
[17,"Facultative Re-insurance is","A kind of obligatory Re-insurance","A Re-insurance arrangement administered by a faculty of insurance experts ","A method of Re-insuring risks on individual basis without any obligation for compulsory cession","A method of Re-insuring risks where insurer is obliged to cede a fixed percentage of premium for all risks written by him.","C"]
[18,"In reinsurance terminology a cession is the","Amount of insurance a reinsurer cedes to another Re-insurer ","Amount of insurance an insurer keeps for its own account","Amount of insurance an insurer transfers to a Re-insurer ","Maximum amount of insurance an insurer can write","C"]
[19,"The most common way of using reinsurance to minimize the effects of large or catastrophic losses is by means of","Facultative Re-insurance ","Quota Share Treaties","Surplus Treaties","Excess of Loss Treaties","D"]
[20,"An arrangement in which insurer and reinsurer agree that cessions will always be a single fixed percentage of each reinsured risk can be referred to as ","per event excess of loss Re-insurance","per risk excess of loss Re-insurance. ","quota share Re-insurance","surplus Re-insurance.","C"]
[21,"In reinsurance parlance which of the following is only found in non- proportional treaty agreements?","Accounts and Statistics Clause ","Attachment of Cessions Clause ","Follow the Fortunes Clause","Ultimate Net Loss Clause","D"]
[22,"When a reinsurer wishes to reduce its own liability on a particular risk, it does so by arranging a","Cession.","Concession. ","Retrocession. ","Supersecession","C"]
[23,"What amount would the reinsurer pay if the insurer has an excess of loss treaty for Rs.10,000,000 excess of Rs.5,000,000 and as a result of a storm insurer suffers a loss totaling Rs.7,000,000?",2000000,7000000,5000000,"No payment would be made","A"]
[24,"In Re-insurance, a treaty designed to limit the loss of an insurer to a specified percentage of its annual premium income for all business or a class of business is called a","Catastrophe Excess of Loss Treaty. ","Excess of Loss Treaty","Stop loss Treaty","Surplus Treaty","C"]
[25,"Surplus Re-insurance is a form of ","Proportional Re-insurance","Non-Proportional Re-insurance ","May be either","All the above","A"]
[26,"A Re-insurance contract is","An extension of the original insurance contact ","A guarantee for the original insurance contract ","A separate and independent contract","None of the above","C"]
[27,"The retention limit of the direct insurance is based upon ","Capital","Risk profile of the portfolio ","Regulatory considerations ","All the above","D"]
[28,"Under excess of loss if the cover is 10 crores in excess of 6 crores, then the 6 crores is known as","Cover limit ","Deductible ","Franchises","Ultimate net loss","C"]
[29,"Under excess of loss if the cover is for 20 crores in excess of 10 crores then the cover limit is","10 crores ","20 crores ","30 crores","None of the above","B"]
[30,"The total sum insured of a property risk is Rs. 10 crores and retention is Rs.\nOne crore the treaty limit is Rs. 5 crores. If there is a claim of Rs. 50 lakhs the\nRe-insurers will pay under surplus treaty\n","Rs.50 lakhs ","Rs.40 lakhs ","Rs.25 lakhs ","Rs.10 lakhs","C"]
[31,"Insurance of an insured risk is called ","Pooling of the risks","Co-insurnace ","Re-insurance","Over-insurance","C"]
[32,"Which of the following contracts is not a contract of indemnity in the strict sense?","Re-insurance","Property insurance","Life insurance\n\n","Health Insurance","C"]
[33,"In reinsurance parlance, a single event that causes multiple losses is called ","Accumulation of losses","Catastrophe ","Accident","Cyclone ","B"]
[34,"Which of the following is not a function of Re-insurance ","Increasing the capacity of a Re-Insurer. ","Minimizing the effects of catastrophes","Stabilizing the performance ","Generating profits","D"]
[35,"The contract where the distribution of the loss is based on the loss and not on the amount insured is called","Proportional reinsurance","Non-proportional Re-insurance ","Treaty Re-insurance","Facultative Re-insurance","B"]
[36,"Which  of  the  following  is  /  are  not  true  with  proportional  facultative reinsurance?","The Re-insurer shares a proportional part of the ceded insurance liability ","All the losses are to be transferred to the Re-insurer by the cedent","The Re-insurer pays directly to the original insured ","Both (b) and © above","C"]
[37,"Which of the following statement is /are true?","A cedent chooses facultative Re-insurance when it does not want to be loaded with poor risk","Cedents normally choose facultative Re-insurance when there is not automatic Treaty at their disposal","Under facultative Re-insurance both cedent and the Re-insurer have an option to accept or reject","All of the above","D"]
[38,"What does the word “treaty” mean?","Single insurance policy","Bulk of insurance policies","An agreement between two parties ","Reinsurance","C"]
[39,"The contract under which a reinsured is obliged to cede a fixed percentage of the risks falling within the scope of the policy is called","Quota Share Treaty","Surplus Share Treaty ","Excess  of Loss Treaty ","Stop Loss Treaty","A"]
[40,"The kind of treaty where the cedent company retains the risks till a certain limit and reinsures only the part that is above its net retention is","Quota share treaty","Surplus Treaty","Excess of Loss Treaty ","Stop Loss Treaty","C"]
[41,"Which of the following is based on principles of both facultative and treaty?","Facultative cover ","Quota share cover","Facultative obligatory cover ","Partial cover","C"]
[42,"What does a 'premium bordereau' contain?","Detailed list of policies","Address of the original insured. ","Termination date","all the above","D"]
[43,"Why is the concept of retention important to the underwriter?","Because it helps the underwriter to determine the amount of reinsurance cover required","It helps the underwriter to know about the accumulation of risks","To ensure that the insurance company is not exposed to unacceptable level of losses.","All the above","D"]
[44,"Why is it important for an underwriter to know about the risk environment prevailing in other parts of the world ?","Because reinsurance is a business that goes beyond the boundaries","Because reinsurance companies have to balance the possible adverse impact of one region by the better experience of another","To thwart competition.\n\n","All of the above","D"]
[45,"Which of the following statements is / re not true?","Large claims normally are repetitive and frequent","In most of the cases, the risks undertaken generate a great number of small risks, a few medium sized risks and very small number of large risks which can be very severe","The higher layers come into picture only in case of very large claims.\n\n","All of the above","D"]
[46,"A computerized report that lists information for each and every claim is called in reinsurance","Case reporting","Summary reporting ","Bordereau reporting ","Bulk reporting","C"]
[47,"Probable Maximum loss” is an assessment by ","The Cedent","The Reinsurer ","The Surveyor ","The Broker","A"]
[48,"Which of the following is not an advantage of the excess loss treaty?","It allows the companies to write some limits above the comfort level ","It creates an extra capacity","It covers the entire loss\n","None of the above","D"]
[49,"Which of the following is / are true with regard to reinsurance underwriting?","It involves selecting the accounts","It involves defining conditions and rates ","(a) and (b) above","C&d","D"]
[50,"As per IRDA regulation on reinsurance, each insurance company has to cede\n20% (now 5%) of each and every policy as obligatory cession. These are: -\n","Quota share basis ","Facultative basis","Surplus basis","Excess of Loss basis","A"]
[51,"Quota share basis can be :","Reciprocal","Non-reciprocal ","NM reciprocal ","All of the above","D"]
[52,"The Manager of Motor Insurance Third Party pool is from:","IRDA","GIC","New India","United India","B"]
[53,"The Manager of Re-insurance pool for terrorism risk is from ","GIC","IRDA","General Insurance Council ","None of the above","A"]
[54,"The retention of an insurance company is protected by Reinsurance Treaty such as:","Quota share ","Surplus","Excess of loss ","Facultative","C"]
[55,"One of the following is -proportional method of reinsurance :","Stop Loss","Excess of Loss","Catastrophic excess of Loss ","Surplus","D"]
[56,"One of the following is non proportional method :of reinsurance ","Stop loss","Quota Share ","Surplus","Facultative","A"]
[57,"The automatic capacity to underwrite business beyond retention is arranged through","Excess of Loss ","Surplus Treaty ","Stop loss","Facultative","B"]
[58,"A line is","Sum Insured under the policy ","Risk retention to co's account ","Cession to quota share","None of the above","B"]
[59,"As per IRDA regulations, the obligatory cession on quota share basis to GIC\nby all General Insurance Co. for 2013-14 is-\n",0.1,0.15,0.2,0.05,"D"]
[60,"Facultative Re-insurance is the ","Portfolio risk","Single risk","Both the above","None of the above","C"]
[61,"Profit commission is normally paid in","Facultative RI","Excess of Loss ","Stop Loss","Surplus Treaty","D"]
[62,"A major portion of mega risk, after ceding to surplus treaty is reinsured through","Excess of Loss ","Stop Loss","Facultative","Catastrophic Excess of Loss","C"]
[63,"Stop loss is suitable for ","Aviation risk","Mega risk","Hailstorm risk","Petrochemical risk","C"]
[64,"Following reinsurance companies are underwriting business in India","Munich Re ","Swiss Re","Axa Re ","GIC Re","D"]
[65,"As per IRDA Regulations the share capital for Reinsurance Company is ","100 Cr","200 Cr ","300 Cr.","None of the above","B"]
[66,"As per IRDA regulations while placing the Re-insurance programme, not more than          percentage of cover should not be placed with one insurance reinsurance company.",0.05,0.1,0.25,0.25,"B"]
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["1","Compulsory investment by an insurer of its total assets, in Infrastructure and social sector is","Not less than 10% ","Not less than 7.5% ","Not less than 5%","No such limit","A"]
["2","Mark the most unlikely for calculation of solvency margin. Asset of Insurance\nCompany includes\n","Agent's balance amount","Realizable sundry debtors","Realizable advance","Furniture, Fixture, Dead stock and stationery","D"]
["3","“No risk to be assumed unless the Prem. Is received in advance” the same has been provided in","Section 41 of Insurance Act","Section 40 C of Insurance Act","Section 64 VB of Insurance Act ","Section 64 UM of Insurance Act","C"]
["4","State which of the following may not be a liability of Insurance Company ","Provision for dividend declared or recommended","Reserve for unexpired risk","Estimated liability in respect of outstanding claim ","Reserve for bad and doubtful debts","D"]
["5","Solvency Ratio means","Available Solvency Margin Less required Solvency Margin ","RSM less ASM","RSM/ASM","ASM/RSM","D"]
["6","Who of the following can be members of Investment Committee of an insurer constituted under IRDA Regulation?","The principal officer of the Company ","The appointed actuaries","The IRDA chief ","The CVO\ni.     a, b, c, d ii.    a, b and c iii.  a and c\niv.   a and b\n","D"]
["7","Incurred Claim Ratio for direct insurance business means ","Paid Claim/Prem. during any policy period","3 years avg. claim/3 years avg. prem. ","Incurred claim/3 years avg. prem.","Incurred claim/ prem. during any policy period","D"]
["8","After formation of IRDA, Statutory Auditors of PSU Insurance Companies are appointed by","IRDA","CVC","CAG","Board of Directors of respective Company.","C"]
["9","Which is correct pair?","Statutory Audit-Continuous Audit ","Internal Audit-Periodical Audit","Government Audit-Continuous Audit ","None of the above","D"]
["10","As per the Statutory Requirement the following may not be prepared for\nAnnual Financial Results by Insurance Company\n","Revenue Account ","Trading Account","Profit and Loss account ","Balance sheet","B"]
["11","The auditors who are required to express their opinion on whether the balance sheet gives a true and fair view of the insurers' affairs as at the end of the financial year are","Internal Auditors ","Statutory Auditors ","Govt. Auditors","Auditor for Tax Audit","B"]
["12","The auditors will verify that the financial statements are prepared in accordance","The requirements of the Insurance Act, 1938 ","The requirements of the IRDAAct, 1999","The requirements of the Companies Act, 1956 ","All above","D"]
["13","The Auditors shall verify that the investments in the Balance Sheet have been valued in accordance with","The provisions of the IRDAAct, 1999","The provisions of the IRDA Act, 1999 and IRDA Reg. on Accounts and\nAudit\n","The provisions of the Companies Act, 1956 and Accounting Standard\n(AS) 13\n","Market Value","B"]
["14","The auditors express opinion on the accounting policies to the effect that"," The  Accounting  policies  are  appropriate  and  in  compliance  with applicable Accounting Standards","The  Accounting  Policies  are  appropriate  and  in  compliance  with applicable Accounting Standards and IRDA Regulations","The Accounting Policies are appropriate and in compliance with IRDA","The Accounting Policies are appropriate","B"]
["15","The auditor shall express their opinion that the Revenue Account gives","A true and fair view of the surplus or the deficit for the financial period ","A true and correct view of the surplus or deficit for the financial period ","A fair view of the surplus or the deficit for the financial period","None of the above","A"]
["16","As per IRDA (Accounts and Audit) Regulation the auditors are required ","To review the management report","To certify that they reviewed the management report","To certify that they have reviewed the management report and there is no apparent mistake or material inconsistency with F S.","Not to certify or review the management report","C"]
["17","As per IRDA (Accounts and Audit) Regulation, the auditor's report shall specify that","The actuarial valuation of liabilities is duly certified by the appointed actuary"," The  valuation  of  liabilities  is  based  on  the  assumptions  for  such valuations","Valuation in accordance with the guidelines and norms issued by ASI","Valuation is made in accordance with above all provisions","D"]
["18","For claim audit the auditor should look into the following aspect(s)","Legal aspects","Technical aspects ","Financial aspects ","All Above","D"]
["19","For corporate underwriting audit, the internal auditor shall examine ","Underwriting Policy and practice","Risk Management Policy and Reinsurance Policy ","Underwriting results","All above","D"]
["20","For investment audit, the Auditors look into the following aspects ","Verification and valuation of investments","Verification of Exposure Risks","Verification of performing and non-performing status of investments ","All above","D"]
["21","Accounts audit covers the following aspects ","Verification of Financial Statements","Recognition of Premium Income","Valuation of Assets and Liabilities and Solvency Margins ","All above","D"]
["22","For motor TP claims audit, the auditors need not consider the following aspects","The investigation Report and Income Statement","Charge Sheet, Post-mortem Report and Police report ","Policy particulars and 64 VB compliance","Premium charged and claim ratio","D"]
["23","The auditor will examine the receipts and payments accounts (cash flow statement) to verify mainly:","Liquidity of the company ","Solvency of the company","Profitability of the company ","All above","A"]
["24","As per IRDA regulation each Indian insurer shall render its accounts in respect of obligatory cessions to Indian reinsure on","Monthly basis","Quarterly basis","Half-yearly basis ","Annual basis","B"]
["25","IBNR stands for","Insured before now reported ","nsIured before not reported ","Incurred but now reported","Incurred but not reported","D"]
["26","Reserve for unexpired risk is calculated at 100% of the net premium in the following class of business","Finance","Marine Hull ","Misc.","Marine Cargo","B"]
["27","Reserve for unexpired risk is calculated on","Premium   received   including   reinsurance   ceded   but   excluding reinsurance received","Including reinsurance ceded and reinsurance received","Excluding reinsurance ceded and including reinsurance received ","Excluding reinsurance ceded and excluding reinsurance received","A"]
["28","Unearned premium refers to the following ","10% of the gross premium","20% of the gross premium ","15% of the gross premium ","None of the above","D"]
["29","The IRDA Regulation that deal with Audit Requirements is called:","IRDA (Preparation of Financial Statements and Auditor's Report of\nInsurance Companies) regulation, 2000.\n","IRDA (Preparation of Financial Statements and Auditor's Report of\nGeneral Insurance Companies) regulation, 2000.\n","IRDA  (Preparation  of  Auditor's  Report  of  Insurance  Companies)\nregulation, 2000.\n","IRDA (Preparation of Auditor's Report of General Insurance Companies)\nregulation, 2000.\n","A"]
["30","The report of the Auditors on the Financial Statements of every insurance company shall be inconformity with the requirements specified in schedule(s) to the particular regulation thereof","Schedule A ","Schedule B","Schedule C ","All above","C"]
["31","The Audit Committee in Insurance Company is constituted by one of the following ways:","The specified provisions in the companies Act 1956 (As Amended) ","The specified provisions in the Insurance Act, 1938 (As Amended) ","The specified provisions in the IRDAAct, 1999 (As Amended)","The specified provisions in the specified IRDA Regulations","A"]
["32","The Financial Statements of a general insurance company to be audited are:","The revenue account (Policyholder's Account)","The balance sheet and profit & loss account (Shareholders' Account)","The Receipts and Payments account (Cash Flow Statement)","All above","D"]
["33","C & AG Audit of Government companies is carried out as per the provisions ","The provisions Sec. 617 of the Companies Act 1956 (As Amended)","The provisions Sec. 618 of the Companies Act 1956 (As Amended) ","The provisions Sec. 619 of the Companies Act 1956 (As Amended) ","All above","C"]
["34","For the purpose of PSU Audit Laws and regulations applicable are ","The provisions of the Companies Act and the insurance act","The IRDA regulations and the Insurance principles","The Accounting Standards and the Auditing and Assurance Standards issued by the Insurance Chartered Accountants of India","All above","D"]
["35","The Audit Committee that oversees, reviews and evaluates the financial results and their disclosures is constituted","Under the directives of the Controller & Auditor General of India ","Under the provisions of the IRDAAct, 1999","Under the provisions of the Insurance Act"," Under the provisions of Sec. 292A of the Companies Act, 1956 (As amended)","D"]
["36","The audit committee legally constituted is required to","Oversee, review and evaluate the financial results of the company"," Examine the reporting process and disclosures of performance of the company"," Review the audit of all the offices of the company, discuss with the statutory auditor and recommend the same to the Board.","All above","D"]
["37","The Statutory Auditor of PSU Insurance Company is appointed by ","The C&AG","Shareholders in AGM c.","The Board of Directors ","The regulatory authority","A"]
["38","The audited annual accounts of PSU Insurance Company is submitted to ","The Lok Sabha of the Parliament U/S 619A & 619B of the Co's Act","The Rajya Sabha of the Parliament U/S 619A & 619B of the Co's Act ","Both the Sabhas of the Parliament U/S 619A & 619B of the Co's Act ","None of the above","C"]
["39","In the audit report the auditor is required to comment on valuation of liabilities to the effect that;","The actuarial valuation is true and correct ","The actuarial valuation is true and fair","The actuarial valuation is proper and justified","The actuarial valuation has been certified by the appointed actuary and the said certificate has been relied upon for their opinion","D"]
["40","In the audit report the auditor is required to comment on Management Report to the effect that"," There is no apparent mistake or material inconsistency with the financial statements","There is no mistake or inconsistency with the financial statements ","Management is true and correct","None of the above","A"]
["41","In the audit report the auditor is required to comment on Investment with:","Investments have been valued in accordance with the provisions of the\nInsurance Act\n","Investments have been valued in accordance with the provisions of the\nInsurance Act and the prescribed IRDA regulations\n","Investments have been valued in accordance with the prescribed IRDA\nregulations\n","None of the above","B"]
["42","The Statutory Audit Report of PSU Company is required to address to:","The Members","The Government ","The IRDA","The Board","A"]
["43","The certification on company's compliance of Sec. 40 (c) of the Insurance Act, 1938 in regard to debit of all management expenses to Revenue Account is required to be done by:","The C&AG Auditor ","The Internal Auditor ","Statutory Auditor","Speci cal Auditor","C"]
["44","The Statutory Auditor comments on amortization of expenses on account of Pension,   Gratuity   and   Leave   Encashment   in   accordance   with   the requirements of;","Accounting Standard 15","Accounting Standard 22 ","Accounting Standard 18 ","None of the above","A"]
["45","Certificate to the effect that no part of the assets of Policyholders Funds has been directly applied in the contravention of the Insurance Act, 1938 is given by","The C&AG Auditor ","The internal auditor","The Statutory auditor ","The Special Auditor","C"]
["46","The general insurers are required to invest and keep invested the following minimum percentage of total assets in Govt. Securities and Guaranteed Securities",0.1,0.2,0.3,0.4,"C"]
["47","For general insurer, investment in other than approved investment cannot exceed","10% of total assets ","15% of total assets ","25% of total assets ","25% of total assets ","C"]
["48","The minimum rating for investment in social sector and debt instrument should be","AAA","AA","+A ","A","C"]
["49","When a listed equity instrument is traded in volume not below ten thousand units in any session or trading value exceeds 10 lac in any session in past 12 months it is termed as","Actively traded instrument ","Liquid traded instrument","Actively traded and liquid instrument ","None","C"]
["50","In which of the following General insurance Companies in India invests insurance funds","Indian Central Govt. securities","Infrastructures","Shares issued by Private companies","Shares issued by public companies","C"]
["52","Approved  securities/investments  for  non-life  insurance  companies  are prescribed in","Section 27A of Insurance Act ","Section 27B of Insurance Act","Section 27A & B of Insurance Act ","None of the above","B"]
["53","Exposure norms for investment suggested for IRDA Regulations relating to ","Investee company","Group Company ","Sector","All of the above","D"]
["54","The figure in financial statements are rounded off to the nearest ","Rupee","Hundred rupees ","Thousand rupees ","Lac rupees","C"]
["55","Accounting of claim costs does not include ","Survey expenses on claim","Legal expenses on claim","Investigation expenses on claim ","Management expenses on claim","D"]
["56","For accounting 'Investment Property' means land or building held ","For capital appreciation","For use in services","For administration purpose ","All of the above","A"]
["57","Short term Loan means loan repayable within ","1 month","3 months ","6 months ","12 months","D"]
["58","In which of the following, the General Insurance companies in India invests finds in:","Indian Central Govt. securities","Govt. securities issued by foreign countries","Shares issued by private companies","Shares issued by public companies a. Only A\nb.    Only A & B\nc.    Only A & D\nd.    All of the above\n","C"]
["60","Approved  securities/investments  for  non-life  insurance  companies  are prescribed in","Section 27A of Insurance Act ","Section 27B of Insurance Act","Section 27A & B of Insurance Act ","None of the above","B"]
["61","Net Worth means:","Current Assets – Current Liabilities ","Total Assets – Total Liabilities","Share Capital + General Reserve","Share Capital + General Reserve + Unexpired Risk Reserve","C"]
["62","Required Solvency Margin for the financial year 2011-12:",1.5,1.25,1.3,1,"C"]
["63","Net Retention Ratio ","Net Premium/Net Claim","Gross Premium/Net Premium ","Net Premium/Gross Premium","None is correct","B"]
["64","Net Earnings Ratio:","Profit after tax/Gross Premium","Profit before tax/Gross Premium ","Profit before tax/Net Premium","Profit after tax/Net premium","D"]
["65","At times liabilities and expenses are not shown in the financial statements of a company. This method can be referred to as","Fictitious Revenues","Concealed Liabilities ","Creative Accounting","Fraudulent asset valuations","B"]
["66","Which of the following tasks is performed by a management accountant ?","Providing information to managers for formulating policies , planning , and controlling","Giving accurate financial statements about the company ","Conducting audits","Providing  information  about  the  organization  to  shareholders  and employees","A"]
["67","Which of the following tasks are performed by a financial accountant ?","Providing economic information to investors , employers and suppliers ","Advising directors on items that should be included in the company's financial statements","Giving accurate statements to the shareholders about the financial position of the company",".    Providing   trustworthy   and   credible   information   on   which   the management can base its decision\na.    i and ii b.    ii and iii c.    i and iv\nd.    iii   and  iv\n","D"]
["68","Accounting entry for Depreciation of Assets will be","debiting depreciation crediting asset","debiting depreciation crediting P/LA/c","debiting depreciation crediting Accumulated depreciation ","debiting depreciation crediting Accumulated depreciation ","C"]
["69","Service Tax on Reinsurance Premium sent to foreign reinsurer will be paid by:","foreign reinsurer ","domestic cedent ","both","none","B"]
["70","Expenses of management other than those charged to P/L A/C are apportioned to revenue A/C on the basis of GDP plus Reinsurance accepted Premium","75% marine business 100% fire and misc","50%  marine 50% fire and misc.","25% marine 75% fire and misc","100% marine 75% fire and misc","A"]
["71","Rate of service tax has been changed from 12% to 10% from ","1st February, 2009","24th February, 2009","20th February 2009 ","1st April, 2009","B"]
["72","Depreciation on fixed asset is charged on WDV at the rate prescribed laid down in:","companies Act, 1956 ","IT Rules 1952","Both","Higher of the two","D"]
["73","Terminal benefits paid are amortised over a period:","five years ","three years ","seven years ","eight years","A"]
["74","For Assessment Year 2013-14 no income tax is to be levied for senior citizen upto income of:","Rs. 3,50,000 ","Rs. 2,00,000 ","Rs. 1,25,000 ","Rs.  2,50,000","B"]
["75","Provision  for  gratuity,  pension,  leave  encashment  is  made  on  actuarial valuation 1n accordance with Accounting Standard:","AS 15 ","AS  3","AS 26 ","AS 10","A"]
["76","Statutory Auditor appointed by the C &AG under:","619 ( 1 ) ","619 ( 2 ) ","619 (3) ","619 (4)","B"]
["77","Gross Profit Ratio denotes:","Sales X 100 / GP","Net Profit X 100 /GP","Gross Profit X 100/ Sales","Gross profit X100 / Purchase","C"]
["78","An Insurer shall prepare separate Revenue Account for","Fire, Cargo, Hull and Misc.","Fire, Marine, Motor and Misc ","Fire, Marine, Motor and Misc.","Fire, Marine and Misc.","D"]
["79","Separate schedules shall not be prepared for:","Aviation","Personal Accident ","Health","Rural","D"]
["80","Premium for rent shall include only ","Realized Rent","Notional Ret","Outstanding Rent ","Prepaid Rent","A"]
["81","Claims Paid shall not include","IBNR","Survey Fees","Legal And Other expenses ","Legal And Other expenses","A"]
["82","Short term loans shall include those, which are repayable within:","12 months ","24 months ","6 months ","3 months","A"]
["83","Cash flow statement shall be prepared according to:","AS 3","Company Act ","IT act","Insurance Act","A"]
["84","The term of office of CMD shall be for a period:","not exceeding five years from the date of appointment","not exceeding three years from the date of appointment ","Until his retirement","None of the above","A"]
["85","Auditors in PSUs are appointed by:","CAG","Company Board ","Head Office","Internal Audit Dept.","A"]
["86","Combined Ratio is:","(Gross claims paid + expenses) *100/ Gross Premium ","(Gross claims paid + expenses) *100/ Net Premium","(Net claims paid + expenses) *100/ Gross Premium ","(Gross claims paid *100)/ Gross Premium","A"]
["87","Insurance Regulatory and Development Authority (Investment) Regulation came into force and became applicable in the year –",1998,2000,2002,2004,"B"]
["88","Insurance Regulatory and Development Authority came into force in the year –",1997,1999,2000,2005,"B"]
["89","Which of the following is the last amendment to IRDA (Investment) Regulation, 2000?","Fourth Amendment","Third Amendment","Second Amendment ","First Amendment","A"]
["90","When was IRDA (Investment) Regulation, 2000 last amended - - ",2000,2005,2007,2008,"D"]
["91","Regulation 4 of IRDA (Investment) Regulation, 2000 specifies ---- ","Pattern of Investment Assets of General Insurance Business","Pattern of Investment assets of Life Insurance Business","Pattern of Investment Assets of Pension and General Annuity Business ","None","A"]
["92","What minimum percentage of Investment Assets has to be maintained in Mandated / Statutory Investment category prescribed by IRDA for General Insurance Companies-?",0.6,0.55000000000000004,0.45,0.3,"C"]
["93","Regulation 5 of IRDA (Investment) Regulation, 2000 specifies ","Exposure / Prudential Norms of Investment","Approved Investment ","Other Investment","Returns of Investment","A"]
["94","What percentage of Investment Assets is subject to Exposure / Prudential norms of Investment as prescribed by IRDA?",0.5,0.6,0.7,0.55000000000000004,"C"]
["95","What minimum percentage of Investment Assets has to be maintained in Infrastructure  category  as  prescribed  by  IRDA for  General  Insurance Companies?",0.05,0.1,0.3,0.15,"B"]
["96","What minimum percentage of Investment Assets has to be maintained in Housing category as prescribed by IRDA for General Insurance Companies?",0.1,0.15,0.05,0.2,"C"]
["97","What percentage of Investment Assets has to be maintained in Central Government  Securities  as  prescribed  by  IRDA for  General  Insurance Companies?","not less than 20%","not less than 30% ","not less than 10% ","not less than 40%","A"]
["98","What percentage of Investment Assets has to be maintained in Government Securities including State Government Securities as prescribed by IRDA for General Insurance Companies?","not less than 20%","not less than 30% ","not less than 40% ","not less than 15%","B"]
["99","What  is  the  maximum  percentage  allowed  for  Investment  in  Other Investment category by IRDA for General Insurance Companies--- ",0.1,0.2,0.25,0.3,"C"]
["100","What is the minimum Credit Rating required for Instruments for investment to qualify for Approved Investment category—","AA","AA- ","A+ ","A-","A"]
["101","What is the minimum Credit Rating required to consider an Instrument for Investment by Insurance Companies—?","AA ","AA+ ","A+","A-","C"]
["102","Fair Value valuation applicable to --- ","Equity","Debenture ","Preference","All of the above","A"]
["103","General  Insurance  Company's  Exposure  in  equity,  preference  and convertible debentures of a company allowed by IRDA is restricted to----","Lower of 10% of outstanding equity shares ( face value) or 10% of Investment assets","Lower of 15% of outstanding equity shares ( face value) or 10% of Investment assets","Lower of 20% of outstanding equity shares ( face value) or 10% of Investment assets","Lower of 15% of outstanding equity shares ( face value) or 15% of Investment assets","A"]
["104","General Insurance Company's Exposure in Debt and Loans of a company allowed by IRDA is restricted to----","Lower of 10% of Paid-up share capital, free reserves and debenture / Bonds of the Investee company or 10% of Investment Assets","Lower of 15% of Paid-up share capital, free reserves and debenture / Bonds of the Investee company or 10% of Investment Assets","Lower of 20% of Paid-up share capital, free reserves and debenture / Bonds of the Investee company or 10% of Investment Assets","Lower of 15% of Paid-up share capital, free reserves and debenture / Bonds of the Investee company or 10% of Investment Assets","A"]
["105","General Insurance Company's Limit for the entire GROUP to which the Investee Company belongs, allowed by IRDA is subject to---- ","Maximum up to 15% of Investment Assets","Maximum up to 10% of Investment Assets","Maximum up to 20% of Investment Assets","Maximum up to 25% of Investment Assets","B"]
["106","General Insurance Company's Limit for the entire INDUSTRY to which the Investee Company belongs, allowed by IRDA is subject to----","Shall not exceed 15% of its total investment exposure to the industry sector as a whole","Shall not exceed 25% of its total investment exposure to the industry sector as a whole","Shall not exceed 10% of its total investment exposure to the industry sector as a whole","Shall not exceed 5% of its total investment exposure to the industry sector as a whole","C"]
["107","Regulation 6 of IRDA (Investment) Regulation, 2000 specifies—","Investment Returns to be submitted by the Insurer ","Pattern of Investment","Exposure Norms","Valuation of Investment","A"]
["108","Investment Returns to be filed with IRDA on --- ","Annual Basis","Half Yearly Basis ","Quarterly Basis","Monthly Basis","C"]
["109","What is period within which the Provisional Investment Returns need to be submitted to IRDA—","Within 55 days of the end of quarter","Within 70 days of the end of quarter","Within 30 days of the end of quarter","Within 45 days of the end of quarter","D"]
["110","How many Investment Forms need to be filed with IRDA by General Insurers--- ",12,11,10,13,"C"]
["111","Every Insurer shall review the Investment Policy on—","Yearly basis","Half Yearly basis ","Monthly basis","Quarterly Basis","B"]
["112","Investment Policy of an Insurer needs to be approved by its--- ","Board of Directors","Investment Committee ","Audit Committee","Management","A"]
["113","Schedule II of IRDA (Investment) Regulations, 2000 specifies--- ","List of Other Investments","List of Approved Investments","List of Money Market Instruments ","All of the above","B"]
["114","The Classification of Industrial sectors has to be done in line with--- ","National Industry Classification (NIC)","CMMIE","Capital Market ","CRISIL","A"]
["115","Regulation 2(cc) of IRDA (Investment) Regulations, 2008 specifies—","List of Approved Investments ","List of other Investments","List Money Market Investments ","List of Infrastructure Investments","C"]
["116","Section 27B of Insurance Act, 1938 deals in---","Provisions regarding approved investments ","Provisions regarding Other Investments","Provisions regarding Dividend","Provisions regarding pattern of investment","A"]
["117","Section 27C of Insurance Act, 1938 specifies—","Provisions regarding Approved Investments","Prohibition for Investment of funds outside India out of Policy Holders' funds","Prohibition of Investment in Pvt. Limited companies ","All of the above","B"]
["118","'Accretion of funds' means---","Investment  Income,  Gains  on  sale  /  redemption  of  the  existing investment and operating surplus","Investment assets at the end of the period ","Investment income for the period","All of the above","A"]
["119","Investment Assets in the case of a General Insurer means--- ","Total Assets of the company","Total Operating surplus","Shareholders funds representing solvency margin and Policy holders' funds at their carrying value as shown in its balance sheet as per IRDA.","Total Accretion during the period","C"]
["120","What is period within which the Audited Investment Returns need to be filed with IRDA—","Within 25 days of adoption of accounts by the Board of Directors","Within 15 days of adoption of accounts by the Board of Directors ","Within 30 days of adoption of accounts by the Board of Directors ","Within 35 days of adoption of accounts by the Board of Directors","B"]
["121","The Investment Committee of the Insurer shall consist of Non-Executive Directors----","A minimum of One ","A minimum of Two","A minimum of Three ","A minimum of Four","B"]
["122","What percentage of debt instruments having rating of 'AAA' or equivalent excluding Government and Other Approved Securities needs to be maintained by the General Insurance Company …..","Note less than 65%","Note less than 75% ","Note less than 80% ","Note less than 90%","B"]
["123","The Indian Credit Rating Agencies providing the rating of the Instruments","RBI","SEBI","IRDA ","TRAI","B"]
["124","Equity Shares listed on a registered stock exchange are considered to be actively traded only if","a. When trading value is   Rs.5 lacs or the total volume is within 30 days prior to valuation date    50000 shares","b. When trading value is   Rs.8 lacs or the total volume is within 30 days prior to valuation date    60000 shares","c. When trading value is   Rs.7 lacs or the total volume is within 30 days prior to valuation date    40000 shares","d. When trading value is   Rs.9 lacs or the total volume is within 30 days prior to valuation date    80000 shares","A"]
["125","Which of the following instruments is a not a money market instrument---- ","Repos, Reverse Repo","Treasury Bills","Certificate of Deposit ","Debentures","D"]
["126","What percentage of Mutual Fund Investment is allowed by IRDA for the General Insurer's fund size above Rs.2000 crs---- ","Not to exceed 6% of Total Investment Assets ","Not to exceed 6.5% Total Investment Assets ","Not to exceed 7.5% Total Investment Assets ","Not to exceed 8% Total Investment Assets","B"]
["127","Concurrent Audit for the Investment operations of General Insurer is mandatory in case of-------","The Asset Under Management is less than Rs.500 crores","The Asset Under Management is above Rs.800 crores ","The Asset Under Management is above Rs.1000 crores ","The Asset Under Management is above Rs.2000 crores","C"]
["128","Which of the following Instruments is not allowed by IRDA for investment by the Insurers…?","Financial Derivatives","Debentures","Preference Shares ","Equity Derivatives","D"]
["129","All Insurers shall have their systems and process audited.. ","At least once in three years","At least once in four years ","At least once in five years","At least once in six years","A"]
["130","The concurrent audit of the Insurers shall cover.. ","50% of the Transactions","100% of the Transactions ","Sample check","Need based","B"]
["131","Outsourcing of Investment Functions / Advice is not allowed by IRDA in case of","Assets  Under  Management  less  than  Rs  500  crs  Assets  Under Management","Assets Under Management more than Rs 500 crs ","Irrespective of the Assets Size","None of the above","B"]
["132","In case of General Insurer reconciliation with Investment Accounts, Bank and Custodian records should be done on….","On day-to-day basis","On monthly basis ","On quarterly basis ","On yearly basis","B"]
["133","The term 'NAV' stands for …","Net Average Value ","Net Asset Value","Net Accelerated Value ","None of the above","B"]
["134","The default risk in respect of loans is measured by …","Market Risk","Interest Rate Risk ","Credit Risk","Event Risk","C"]
["135","Gilt Mutual Fund comprises of…","Central Government Securities only ","Equity shares","Equity and Debt Securities ","Equity and Debentures","A"]
["136","In which option does the issuer get the right to buy the underlying asset?","Call option ","Put option","American option ","European option","A"]
["137","The Maximum number of whole time Members IRDA can have is ",4,5,7,"None of the above","B"]
["138","IRDA can have following part times members in addition to whole time members:",4,8,6,"None of the above","A"]
["139","Tenure of the Chairman IRDA is ","3 years","5 years","4 years ","None of the above","B"]
["140","Social Sector business includes all except ","Unorganized sector","Informal sector","Economically vulnerable & backward classes ","Rural sector","D"]
["141","The penalty for non-compliance of Social sector obligations, for the insurers is","Rs 5 lac per defaulting year and continuous failures, cancellation of license","Every year fine of Rs 5 Lacs ","Warning letters to be issued ","None of the above","A"]
["142","Section 64 VC of insurance act provides","No risk can be assumed without collection of Premium in advance","No insurer can open office at a new place without permission from the authority","The controlling office has authority to waive advance collection of premium","Insurers need not seek permission from any authority","B"]
["143","Insurance Ombudsman has come into existence due to ","IRDAAct","Redresses of Public Grievances rules 1998 under Insurance Act ","Public Liability Insurance Act 1991","Consumer Protection Act","B"]
["144","The minimum credit rating permitted of a re-insurer chosen by an Indian insurance company should be","IAAA of Crisil ","BBB of S & P","Any Registered Reinsurance company of repute ","A+ of AM Best","B"]
["145","Ombudsman can take up the disputes between ","Insurer and Corporate clients","Insurer and co-operative societies ","Insurer and individual clients","All of the above","C"]
["146","A TPA has been licensed to perform its functions from 1.1 2006. It has to renew its license on","On or before 1st January 2009","On or before 30th November 2008 ","On or before 1st January 2010","On or before 1st January 2011","B"]
["147","For calculation of solvency Ratio of a non life insurance Company, The formula applied is","ASM is multiplied with RSM","ASM is divided by RSM","RSM is divided by ASM","RSM over net premium/ Net Claims which ever is higher","B"]
["148","Which of the following relating to Direct Brokers License Fee is incorrect?","At the time of being Licensed shall pay a License fee of Rs.25, 000/-","0.5% of the remuneration earned in the preceding financial year subject to minimum of Rs.25, 000/- and a maximum of Rs.1, 00,000/- on every renewal.","0.5% of the remuneration received subject to a minimum of Rs.75,000/- and Maximum of Rs.3,00,000/-","The prescribed License fee shall be paid within 15 days from the date of receipt of intimation of acceptance of the application.","C"]
["149","To which of the following entities can not be issued Corporate Agency ","Private Limited Company the Memorandum /articles of Association is silent about insurance business","A Municipal Corporation","A scheduled Commercial Bank ","Primary Co operative Bank","A"]
["150","Which  of  the  following  relating  limit  of  indemnity  under  Brokers Professional indemnity Policy is incorrect?","3 Times remuneration received at the end of every financial year subject to a minimum limit of Rs.50 lacs for Direct Broker","3 Times remuneration received at the end of every financial year subject to a minimum limit of Rs.2.50 Crores for a Reinsurance Broker","3 Times remuneration received at the end of every financial year subject to a minimum limit of Rs.5 Crores for a Composite Broker","3 Times remuneration received at the end of every financial year subject to a minimum limit of Rs.10 Crores for Composite Broker","D"]
["151","As per the Insurance act the General Insurance Business has been classified into","Fire, Motor, Miscellaneous, Marine ","Fire, Marine, Motor, Engineering","Fire, Marine, Health, Miscellaneous ","Fire, Marine, Miscellaneous","D"]
["152","As per the Insurance Act 1938 under Sec 40-C Companies have to operate at Management Expenses ratio of ","under 30%","under 25% ","under 15% ","under 20%","D"]
["153","Which of the following is correct in respect of reserve for unexpired risk?","Fire 50%, Misc 50%","Marine cargo 50 %, Hull 100%","a & b are correct ","Only a is correct","C"]
["154","Which one of the following is correct in respect of solvency margin?","Excess of value of liabilities over excess of value of assets. ","excess of value of asset over liabilities;","Both the above are correct ","None of the above","B"]
["155","The required minimum Solvency Ratio as per IRDAAct is ","1.00","1.20","1.50","none of the above","C"]
["156","The provision that any Insurance Co-operative Society registered under Co-operative Societies Act can carry on General Insurance Business was incorporated in the Insurance Act in the year",1938,2002,1950,"None of the above","B"]
["157","Any Insurance Co-operative Society can transact Insurance Business if its paid-up capital is minimum of","Rs.50 crs ","Rs.100 crs ","Rs.150 crs ","Rs.200 crs","B"]
["158","The Paid-up Share Capital required for an Indian Insurer carrying on RI Business is","Rs.100 crs. ","Rs.10 crs","Rs.200 crs ","Rs.50 crs","C"]
["159","For the purpose of audit of financial statements, the auditor shall ensure that","Premium has been recognized as income over the contract period","Premium has been recognized as income over the period of risk","Premium has been recognized as income over the contract period or the period of risk, whichever is applicable","Premium has been recognized as and when collected","C"]
["160","The Auditor shall verify that real estate-investment property has been measured","At historical cost","At historical cost less accumulated depreciation","At historical cost less accumulated depreciation and impairment loss","At market value","C"]
["161","In  General  Insurance  business  the  Actuarial  advice  is  to  ensure  the following :","the rate is fair","the wage is fair.","the tariff is fair","the tax is fair","A"]
["162","For the purpose of determination of solvency the following asset is placed with zero value except","Sundry debt not realizable ","Advances not realizable.","Pre paid expenses","Furniture, fixtures, stationery.","D"]
["163","The following is not considered as asset for solvency except ","Agents balance not realized in thirty days.","Agents balance not realized in sixty days ","Agents balance not realized in ninety days","Agents premium not realized in fifteen days.","D"]
["164","Which of the following persons cannot be appointed as an actuary ","Fellow of Actuarial Society of India","A person against whom no disciplinary action is pending by Acturial Society.","An employee of the insurer ","A person aged 75 years.","D"]
["165","The value of computer equipments and software in the year of purchase after depreciation would be",1,0.75,0.5,0.25,"B"]
["166","Solvency Ratio means the ratio of","available solvency margin to premium base ",". required solvency margin to premium base","Available solvency margin to required solvency margin ","required solvency margin to available solvency margin","C"]
["167","Under  “protection  of  policy  holder's  interest”  on  receipt  of  a  claim intimation the General Insurer will respond within","24 hours ","48 hours ","72 hours ","100 hours","C"]
["168","Required solvency margin in respect of premium income is            % of  gross adjusted premium or net premium whichever is higher.",0.1,0.2,0.25,0.5,"B"]
["169","Required solvency margin in respect of claim is            % adjusted gross incurred claim or net incurred claim whichever is higher.\n",0.1,0.2,0.3,0.4,"C"]
["170","In computer hardware specification, we see a term like 1 GB RAM or 512 MB RAM or something like this. What does RAM mean?","Read and manage","Randomly Arranged Memory ","Random Access Memory","Read and Memorise","C"]
["171","You want to write a letter to be sent to your valued customers. What software will you use for creating and editing the letter?",". A word processor","A spreadsheet software ","An internet browser","A COBOL compiler","A"]
["172","Which of the following device is an input device that can be used for inputting data or instruction to the computer","Monitor","Keyboard ","Printer","Speaker","B"]
["173","For preventing unauthorized usage of computing facilities, authorized users are given unique user-id and password. A password should be","Simple and easy to remember","Complex and be made known to as many persons as possible to minimize loss of time in case one forgets his password","Complex and be changed time to time","Same password should be given to all the users","C"]
["174","Which is the odd man out?","80 GB","512 MB","1 GHz ","2 KB","C"]
["175","A computer with 160 GB HDD will be about two times faster than a computer with 80 GB HDD in doing same set of operations, remaining configuration remains same.","The statement is wrong ","The statement is right",". It depends on set of operations","It depends on volume of data being used","A"]
["176","Which of the following is the most common way of spreading a computer virus","By installing a hardware in the network",". Through attachments in e-mails containing malicious codes ","Through application software having malicious codes","Through data files containing malicious data","B"]
["177","A spreadsheet software like Ms. Excel is normally used for ",". Editing photographs",". Preparing presentations ",". Doing data analysis","Sending e-mail","C"]
["178","Bits per second (bps) is a common unit of ","bandwidth",". resolution of monitor ",". typing speed","none of the above","A"]
["179","Open source software is one which","doesn't require installation of source code","can work without any hardware ","has no licensing policy","source codes are available to all for use and modifications","D"]
["180","When a file is saved","it is stored in RAM of the computer ","it is stored in ROM of the computer","it is stored in the secondary storage device of the computer ","it gets printed","C"]
["181","Out of the following, which is an advantage of using a database management system?","controlling redundancy ","data isolation",". data manipulation ","none of this","A"]
["182","If you don't like the name of the file what would you do?","Save it with different name ","Can not do anything","Rename the file","Delete it and create it with the preferred name","C"]
["183","In data structure, stack is a list of data following ","First in first out (FIFO)","Last in first out (LIFO","In from one end and out from other end ","None of these.","D"]
["184","If n devices are to be connected in network using ring topology, what is the number of cable links required?","n","n-1","n(n-1)","n+1","D"]
["185","A file with the extension pps is used for ","Creating an e-mail","Making presentations ","Preparing graph","Storing large volume of data","B"]
["186","Out of the following, which statement is correct","Same  user-id  can  be  used  by  different  users  by  assigning  different passwords","Primary key value can be same for more than one record in a table ","Arithmetic operations can be done with alphanumeric data","Data can be stored in ascending as well as descending order","D"]
["187","User acceptance testing should be done by ","Those who are involved in programming ","Likely users of the new systems","Software vendor ","Third Party","B"]
["188","For using an application software effectively a person should be trained on ","Programming language in which software is developed","Features of the hardware on which the software is to be used ","Functional features of the software","Soft skills","C"]
["189","Business Intelligence Software are such software ","That make human being intelligent","That enables the transactions to happen in faster way","That uses statistical techniques to show useful patterns in the data ","That integrates various functional systems","C"]
["190","Oracle is commonly understood as a ","Database system","Programming language ","ERP","Operating Sytem","A"]
["191","Malware are software","Used by stock exchange","Developed to do harm to the computer or network","Used by cyberforensic experts to identify the cybercriminals","None of the above","B"]
["192","Firewall is","An antivirus software ","is an internet browser ","Both of the above","None of the above","D"]
["193","1 KB is equal to ","1024 bytes","1000 bytes ","100 bytes","None of the above","A"]
["194","You have data related to premium collection in various regions of your organization in different months. You want to get relative idea about the rate of increase/decrease in premium collection. What kind of report should be preferred?","Tabular report ","Bar chart","Pie chart","Line Graph","D"]
["195","What is the importance of phone number 1551 in India?","It's a toll free number dedicated to farmers in India ","It's a toll free number for getting medical assistance","It's a toll free number for getting Insurance related information ","It has no significance","A"]
["196","Data related to a variable having high level of uncertainty will have ","High average","High variance ","Low average ","low variance","B"]
["197","Out of following, which is not necessary for starting a corporate website?","Domain name ","Web Space","Internet Connection ","Web Pages","C"]
["198","As per the Information Technology Act 2000 in India, Network Service Providers are fully liable for the data made available through that service","The above statement is wrong ","The above statement is right","The IT Act 2000 doesn't have any section for network service providers ","There is no Information Technology Act in India","A"]
["199","Any electronic record can be legally authenticated by ","Putting the company logo in the document","Including the name of the directors in the document ","Affixing digital signature","None of the above","C"]
["200","A data warehouse in an Insurance company should not be used for ","Data analysis","Insurance Policy Administration ","Data mining","None of these","B"]
["201","The Disaster Recovery site for information system should be located ","In the same premises to minimize time of recovery from disaster",". In a nearby premises","In the DR manager's house ","None of these","D"]
["202","Data mining is not used for","Updating transaction records","Finding patterns in existing data","Associating new data with existing group ","Clustering the existing data","A"]
["203","In managing an IT implementation project, the project completion time is ","Equal to the sum of all the activity times ","Less than the sum of all the activity times","Greater than the sum of all the activity times ","They are not related","B"]
["204","While allocating resources in any project, we should give priority to activity having","Highest activity time ","Lowest activity time ","Highest delayed time ","Lowest float time","D"]
["205","Which is more harmful to the information security in an organization ","Giving multiple user-id to same person","Giving same user-id to many persons ","Both are equally harmful","They have nothing to do with info security","B"]
["206","In a System Development Life Cycle, end users have least role to play during ","System requirement determination","System development ","System testing","System implementation","B"]
["207","For best results in information processing from a tabular report, the number of columns should be","As many as can be accommodated in the report ","About ten","About 5",". At least 15","C"]
["208","Out of the following, which biometric template will have largest size in terms of computer memory required",". Fingerprint ","Retina","Signature ","Voice","D"]
["209","Out of following, which has lowest cost per storage unit ","RAM","ROM","Hard disk","Magnetic tape cartridge","D"]
["210","While sending an e-mail if you write address of a person in Bcc (blind carbon copy)","The person will not receive the mail","He will receive the mail but wouldn't get the attachment if any ","He will not know about other recipients of the mail","Other recipients of the mail will not know about him","D"]
["211","If you are sending a document file to your colleagues and want that they should not be allowed to make changes in that, you will in normal circumstances","Make it a read-only file","Make a PDF and send that","Both the above options will serve the purpose","None of the above options will serve the purpose","C"]
["212","You have a file of about 5MB size which is requiring by many of your colleagues. What option from following will be the best","Sending the file as attachment to all who need that","Storing in a folder and share that with all who need that","Storing in some free web space and inform them about the URL","Copying the file on machine of all who need that","B"]
["213","Most significant advantage of OLAP implementation is that","IT department can generate the standard reports with greater convenience ","Users can do analysis of data online","Business transaction becomes faster","Need of taking back up gets eliminated","B"]
["214","Why should large files be compressed before attaching in an e-mail?","It makes the file secured","It will get automatically deleted after some pre-decided time ","Compression makes the file virus free","It creates lesser load on communication infrastructure","D"]
["215","What are the links generally available, in a company's website:","Our office, our people, our work ","About us, FAQ, home","First page, address, details ","none of the above","B"]
["216","What do we understand by the term 'http' ","Hypo test transmission programme","Hyper text transfer protocol","Higher text transfer provision ","Hard text transport promotion","B"]
["217","What stands for 'www' generally prefixed before a website address:","World wide workgroup ","World wide web","World wide wan ","World wide wall","B"]
["218","Which programming language is used while designing a website:","Cobol ",". Fortran ","Html","Http","C"]
["219","In the Web Site of an Insurance Company which of the following normally is not displayed?","Company profile ","Annual reports","Product Profiles ","Employee profile","D"]
["220","The common language used in Web site architecture is:","XML","HTML","SQL","None of the above","B"]
["221","During business negotiation with a corporate client, the financial performance of your company is requested by their finance director to be presented authentically. The most impressive way to do it is","To take the relevant portion of your lap-top presentation ","To ask for the office to show the last year's balance sheets ","To show Brochures","To open company's web site","D"]
["222","PSU Insurance company websites do not have the following details for the public","Right to information Act","Various Insurance policies","Registration number allocated by the IRDA","The promotion policy for the employees of the company","D"]
["223","An employee of Public Sector Insurance company can view the promotion results","By logging on to his Co's website using his/her ID and Password ","By going to company's web site","By going to GIPSA's website ","By going to NIA website","A"]
["224","Which of the following areas does not come under obligation in the formation of Company's website","Downloading system","Hindi Version of Contents ","Contents of RTI Act","Contact Address","A"]
["225","From the customer point of view which one is not the most inappropriate information one should have in the Company's website","Product information","Financial health of a company","Number of hyperlinks provided in the Home page ","Bilingual presentation","A"]
["226","Which should be the most important feature for any Company's website ","Scrolled information","Number of links","Time taken to access ","Visitor's status","A"]
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["1","As per Leave Rules, two types  of leave  from amongst the following cannot be availed in conjunction","Earned leave with Casual leave ","Earned leave with Sick leave","Casual leave with Sick leave","Quarantine leave with Sick leave","A"]
[2,"As per LTS rules  for officers in Scale IV, where the entitlement is by air and the employee has traveled partly by air and partly by rail in AC Ist class total travel not exceeding 1900 kms, what will be the basis of reimbursement","Full reimbursement by air for 1900 Kms","Full reimbursement by rail AC II tier fare for 1900 Kms","Full reimbursement by rail AC Ist Class fare for 1900 Kms","Prorata reimbursement by air on actuals and balance on AC II  tier basis for rail journey.","D"]
[3,"If the services of a person who has opted for pension, is terminated by way of imposing a major penalty, which of the following benefits are not payable?","Provident Fund","Voluntary Provident Fund ","Pension","None of the above","C"]
[4,"Qualification pay is granted for the following qualifications in case of supervisory and clerical staff","A.I.I.I. ","F.I.I.I. ","M.B.A","All of the above","D"]
[5,"Hill Station Allowance is payable for the cities having mean sea level above ","1000 mts","1200 mts ","1500 mts ","2000 mts","A"]
[6,"In Encashment of earned leave, which of the following allowance is not paid ","Basic Pay","Dearness Allowance ","HRA","Conveyance Allowance","D"]
[7,"Which of the following does not constitute misconduct under CDA rules?","Sleeping in office during office hours ","Taking bribes","Accepting gifts valued Rs. 250/- at a time. ","Accepting a watch valued at Rs. 1000/-","C"]
[8,"Which of the following does not constitute a major penalty under CDA rules?","Termination from service","Withholding of one increment permanently ","Withholding of one increment for 2 years","Compulsory Retirement","C"]
[9,"Which one of the following is not a minor penalty under CDA rules?","Censure","Withholding one increment for 6 months ","Reduction in time scale","Recovery of pecuniary loss caused to company from salary","C"]
[10,"Dismissal from services order can be issued by ","Officer in charge","Competent Authority for imposing major penalty ","Appellate Authority","The Appointing Authority","D"]
[11,"Leased Accommodation  for a Scale III  officer in  Metro cities is allowed upto",2000,3000,4000,14400,"D"]
[12,"An employee under suspension is entitled to ","Living allowance","Subsistence Allowance ","Dearness Allowance","Family Allowance","B"]
[13,"Purchase of another Briefcase is sanctioned for officers after a period of ","2 years","3 years ","4 years ","5 years","B"]
[14,"Uniform is provided to","Sweeper and sub staff ","Clerical employees","Part-time sweepers ","Casual Labourers","A"]
[15,"Which of the following does not constitute misconduct under CDA rules?","Habitual late or irregular attendance","Absence from employee's appointed place of work without permission or sufficient cause.","Commission  of any act amounting to criminal offence involving moral turpitude","Absence from duty for one day without permission.","D"]
[16,"General Insurance (conduct, discipline & appeal) rules were framed in which year.",1973,1975,1976,1978,"B"]
[17,"CDA Rules are not applicable to ","Class I officers","Class III & IV Employees","Class I Officers on deputation from Govt. Sector ","P.T.S.","C"]
[18,"Which of the following Act of Omission & Commission shall not be treated as misconduct?","Taking/ Giving bribes ","Sleeping on duty","Gambling within office","Occasional late attendance","D"]
[19,"An employee may be suspended under the following circumstances except ","Contemplating Disciplinary Proceeding","Criminal offence under investigation/  ","Detained in custody for more than 48 hours ","Smoking in office premises","D"]
[20,"The following are treated as Minor Penalties except ","Suspension from duty","Censure","Withholding one or more increments for a specified period ","Recovery from pay the pecuniary loss to the company","A"]
[21,"Leave rules permit leave on following grounds, except one ","C.L","E.L","S.L","Paternity leave","D"]
[22,"Special leave is","Home Guard duties","Appearing in Ins. Institute Exams ","Trade Union Activities","All three above","D"]
[23,"Casual Leave admissibility per Annum is ","15 days","22 ½ days ","12 days","10 days","C"]
[24,"Accrual of one day Earned Leave is based on duties spent on ","10 days","15 days ","11 days","14 ½ days","C"]
[25,"Types of leave which can't be given in conjunction ","C.L. & Exam","E.L. & S.L.","E.L. & Quarantine ","C.L. & S.L","D"]
[26,"Leave Travel Subsidy can be availed for a block of ","One year","Three years ","Four year","Two years","D"]
[27," LTS for Class I Officers can be granted for a block of two years on ","Even to odd years","Odd to even years ","Both are correct","Both are incorrect","B"]
[28,"LTS for Class III & IV employees can be granted for a block of two years on","Even to odd years","Odd to even years ","Both are correct","Both are incorrect","A"]
[29,"Encashment of E.L. for officers can be granted for 15 days once in a block of two years","Even to add years ","Odd to even years ","Both are correct","Both are incorrect","A"]
[30,"D.H.A. permissible under T.E. rules for a period less than six hours is",0.3,0.4,0.6,0.2,"A"]
[31,"Officers on transfer are permitted to have residential accommodation except ","Company owned accommodation","Company leased accommodation ","Self leased accommodation","Employee's own property on self leasing","D"]
[32,"Domestic enquiry under vigilance comprises of all except one ","Preliminary learning","Regular learning","Regular learning","Enquiry by CVC","D"]
[33,"Vigilance department works in close coordination with","Institute of Chartered Accountants of India ","Central Vigilance Commission","Central Bureau of Investigation","Ministry of Finance and Economic Affairs","B"]
[34,"CDA Rules of General Insurer stands for ","Central Department of Appraisal Rules ","Character Discipline Appeal Rules","Conduct Discipline Appeal Rules ","Confidential Departmental Appeal Rules","C"]
[35,"Officer working on behalf of the Company in a department enquiry is ","Presiding officer","Enquiry officer","Defending officer ","Defaulting officer","B"]
[36,"In departmental enquiry and after major penalty is imposed, the defaulting officer may go for memorial to","Overseeing GM","CVO","CMD of the company ","President of India","C"]
[37,"A suspended employee is eligible for Susistence allowance- maximum up to…... percentage of his salary",0.25,0.5,0.75,1,"C"]
[38,"Maximum how may days CLs can be taken at a time.",4,5,6,7,"B"]
[39,"Who is not free from CDA rules in our company ","CMD","GM","Non Executive external Director ","Non executive Govt. nominee Director","B"]
[40,"If one employee is having only 25 days of PL in his account.  Maximum how many days leave encashment he can avail",20,15,10,"Nil","B"]
[41,"Under Prevention of Corruption Act, a public servant can be prosecuted for ","Wrongful gain","Misappropriation ","Wrongful loss to the Company","All of the above","D"]
[42,"For suspending an employee which condition is to be fulfilled ","He is charge sheeted by company","He is arrested by police","He is behind bars for more than 48 hours ","He is convicted by a Court","C"]
[43,"Which cadre is outside the purview of Transfer & Mobility Policy ","AM","Dy. Manager","Manager ","CM","D"]
[44,"Maximum how many days PL can be encashed at the time of retirement ","6 months","8 months ","10 months ","No limit","B"]
[45,"Notional extension of service for compensation of pension for VRS optees under Pension Schemes","5 years","Maximum 5 years ","Maximum 7 years ","10 years","A"]
[46,"Which of these is not a minor penalty ","Censure","With holding one or more increment for a specified period ","With holding one or more increment permanently","Recovering the whole or part of pecuinary loss caused.","C"]
[47,"Which one of the following cities does not fall under A category for Travel rules","Mumbai","New Delhi","Bangalore","Patna","D"]
[48,"Who  is not a dependent on the employee for the consideration of Leave Travel Subsidy","Son below 18 years","Father above 60 years earning below Rs. 1000/- PM","Unmarried daughter","Widowed sister","D"]
[49,"Which is correct sequence as per CDA Rules?","Investigation-Domestic Enquiry-Charge Sheet-Office order ","Investigation- Charge Sheet-Domestic Enquiry-order","Domestic Enquiry- Investigation- order-Charge Sheet ","Domestic Enquiry-Charge Sheet- Investigation-order","B"]
[50,"What action is appropriate in respect of an employee going abroad with sanctioned EL for 90 days, & overstaying without informing his office","To wait till his arrival, take leave application and ratify the leave","To recall him by issuing letters, telegram to his last known address","To issue him show cause notice to his last known address and wait for reply","Issue show cause notice, initiate enquiry proceeding as per CDA rules and terminate him from the services.","D"]
[51,"An employee placed under suspension will not get subsistence allowance as mentioned below, under any circumstances",0.25,0.5,0.75,"None of the above","D"]
[52,"What  is  not  taken  into  consideration  while  calculating  the  subsistence allowance?","CCA","HRA","Hill Station Allowance ","None of the above","D"]
[53,"An assistant can be placed under suspension by ","Head of the department","Disciplinary Authority","Appointing Authority ","All the above","D"]
[54,"The authority competent to impose the penalty of “reduction to a lower service”","Will always be competent to impose the penalty of “removal from service”","Will always be competent to impose the penalty of “Dismissal”","Both a & b","Neither A nor B","D"]
[55,"Which is the most appropriate in respect of cases pertaining to public sector general insurance companies?","Only an officer of the insurance company can conduct domestic enquiry proceedings","A public servant may conduct domestic enquiry proceedings","Only a Central Government Officer can conduct domestic enquiry proceedings","None of the above","B"]
[56,"In case CBI seeks sanction for prosecution of an employee of a public sector general insurance company and the competent authority does not intend to accord sanction, which would be the most appropriate option","CBI would initiate action against the Competent Authority","The CVO of the company will resolve the dispute between the CBI and the Competent Authority by taking final decision regarding the course of action","The matter will be reported to CVC and the competent authority will take further action after considering CVC's advice","None of the above","C"]
[57,"Chief Technical Examiner's Organization functions under the administrative control of","CPWD ","GIPSA","IRDA ","CVC","D"]
[58,"HR Management practices are followed by managers because they don't want                                                          1.    To hire the wrong person for the job\n2.    To experience high turnover on costing\n3.    To find employees not doing their best\n4. To allow lack of training to undermine the Organization's effectiveness \n","Only 1 & 2","Only 3&4","All are wrong ","All are correct","D"]
[59,"Many successful organizations do use HR practices to help employees become more productive. These practices include: \n1.    leadership training                                                             2.    technical training\n3.    mentoring programs\n4. career workshops ","only 1 & 2","Only 3&4","All are wrong ","All are correct","D"]
[60,"Which one of the following is inappropriate for any big, progressive, growing HR proactive organization?","People and product oriented systems","Organization creating value for shareholders","Organization creating wealth for Board of Directors","Designations/Job  title  based  on  Hierarchy  rather  than  function  of position","C"]
[61,"Which of the following is appropriate response for secret of success of a business organization?","The profit made by the organization","Efficiency and Effectiveness with which business is being run","The way recruitment is carried out in an organization ","The way the organization treats its employees","D"]
[62,"Executive turn over is increasing at a higher rate than the sales turn over. Which one of the following is not a relevant reasons","Better prospects","Bad Boss","Organization Climate","Health grounds","D"]
[63,"Choose the type of leave not available to PSU General Insurance employees ","Restricted Holiday","Paternity leave","Trekking leave","Study leave","B"]
[64,"Which one of the following is correct in respect of special sick leave due to major sickness","90 days in the entire period of service","120 days in the entire period of service","240 days in the entire period of service","None of the above","D"]
[65,"Casual leaves cannot be tagged up with ","Holidays","Privileged Leaves ","Sick Leaves","Examination Leaves","B"]

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