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Sample Paper – 1
Help:- Red answer is wrong and green answer is correct...
1  Employees Compensation Policy is a type of



2  Insurance agents who hold licence to act as an agent for both a life insurer and a general insurer are called _______________.



3  Delay in start-up policy is also known as ______________.



4  The purpose of deductible clause is to:



5  Which of the following is true? Physical Hazards:



6  If certain terms and conditions of the policy need to be modified at the time of issuance, it is done by setting out the amendments through __________.



7  In case of a Jewelers Block Policy, damage to property insured when it is in transit by registered parcel will be covered under ____________.



8  Which of the below statement is correct with regards to a householders insurance policy?



9  Identify the scenario where a debate on the need for insurance is not required.



10  Who is the licensing authority for surveyors?



11  __________________ means transfer of all rights and remedies, with respect to the subject matter of insurance, from insured to insurer.



12  Material fact



13  An agent can earn upto:



14  If the insurer decides that a certain loss is not payable because it is not covered under the policy then who decides on such matters?



15  Which of the below intermediary is not involved in procurement of business?



16  Insureds declared value in motor insurance includes:



17  ________________ may deal with more than one Life Insurance Company or general insurance company or both.



18  Insurance is part of ___________ industry.



19  In India _______________ insurance is mandatory.



20  Which among the following cannot be an element in a valid insurance contract?



21  The premium for burglary policy depends on ______________.



22  By transferring risk to insurer, it becomes possible:



23  Investigation of loss is done by:



24  In case the premium payment is made by cheque, then which of the below statement will hold true?



25  Raj is involved in a car accident. His car is insured under a motor insurance policy. Which among the following is the most appropriate thing for Raj to do?



26  One of the methods of reducing insurance cost of an insured is __________



27  Insurance density is:



28  Which of the below statement is correct with regards to a warranty?



29  What does not go on to make a healthy relationship?



30  Earthquake is an example of:



31  Moral hazard means:



32  General insurance could help in achieving all of the following objectives EXCEPT:



33  Employees Compensation Policy is a type of



34  Premium in Burglary depends on:



35  _______________ is not among the P s of marketing.



36  Policy which covers loss or damage to aircraft is ______________.



37  The certificate of Motor Insurance



38  Insurers under right of subrogation are allowed to recover the loss paid from:



39  For Travel insurance the sum insured depends on



40  Which among the following documents is most likely to be requested while examining a cyclone damage claim?



41  In case of a fire claim, a report from the fire brigade:



42  Householders insurance covers



43  If the insurer decides that a certain loss is not payable because it is not covered under the policy then who decides on such matters?



44  What is expected of an agent when she detects a moral hazard?



45  Which among the following statements best describes a Testimonial?



46  Chance of loss is referred to as _________.



47  _________________ cannot become corporate agent.



48  Identify the two factors that affect insurance ratemaking.



49  The purpose of deductible clause is to:



50  Independent surveyors are required for claims above_______ as per the Insurance Act.