Will you please provide me the model question paper of IC-34 General Insurance Exam??

Here I am providing you the model question paper of IC-34 General Insurance Exam

1. What is covered under the construction phase of the offshore operations of Oil and Gas?

Driving Steel Piles
Off-Shore Platform
Drilling Units and Equipment
Vessels

2. Which of the following statements is True? 1 Corporate Frequent Travellers Policy is Issued to individuals only 2 The cover under this is subject to the insured person advising insurers any material change in his health condition.

Statement 2 is True
Both are false
Statement 1 is True
Both are true

3. What Kind of Losses are covered by Inland Transit Clauses (Rail or Roa Clause)?

Inherent vice
Physical loss due to breakage of Bridges
Loss due to Financial default
Insufficiency in Packing

4. Which of The Following is NOT covered under Burglary (Business Premises) Policy?

Theft After forcible entry
Damage to premises by burglars
Breakage of Windows by burglars
Damage to insured goods by burglars

5. Which of the following statement is True? (1) State commission can entertain appeals against the order of the district forum. (2) National commission can entertain appeals against the order of the state commission.

Both are false
Both are true
Statement 2 is True
Statement 1 is True

6. Which of the following types of specific treatment are exempted from minimum 24 hours stay in a hospital?

Chemotherapy
Lithotripsy
Radiotherapy
All of the above

7. A verylongstanding personal customer with no previous claims is Underinsured due to Inflationary factors which he is unaware of. Unfortunately his property was damaged in a Fire accident. In this case the Insurer may admit full claim eventhough he is underinsured since

Settlement is made through the IRDA Claim Scheme
the insurer makes an ex-gratia settlement
the claim applies to compulsory insurance
an insurer exercises subrogation rights against a negligent third party

8. Which of the following is not taken into consideration for fixing rates of premium for buses ( Package policy)?

Age of vehicle
Insured declared value of vehicle
Geographical Area
Licensed passenger capacity

9. Which of the following statements is correct? The duty of disclosure of material facts (1) Ceases when the policy is issued. (2) Arises again at the time of renewal of the policy

Both are correct
Statement 1 is True
Both are incorrect
Statement 2 is True

10. As per the IRDA Regulation in which of the following insurance written proposal is not necessary?

Fidelity Guarantees
Marine cargo insurance
Fire insurance on cargo industrial risks
Compulsory public liability

11. Which of the following statements is True ? (1) No claim can be under an illegal policy (2) Claim can be paid, at the option of the insurer under a void policy

Statement 1 is True
Statement 2 is True
Both are false
Both 1 and 2 are true

12. A Fire policy is a

Agreed value policy
Valued policy
Indemnity policy
Unvalued policy

13. Which of the following risks excluded under ICC clauses can be covered on payment of extra premium?

Loss from insolvency of owners of the vessel
Loss due to inadequate packing
War and kindred perils
Loss by delay

14. Which of the following is not part of the Fundamentals of a contract?

Agreement – the consent of the parties is necessary for a contract to be enforceable.
It must be in writing
Legality and being capable of performance
Offer and acceptance

15. Contractors all risk insurance forms part of

Commercial general insurance
Social security insurance
Personal general insurance
Group insurance

16. Under Personal Accident Insurance, in case of loss of one limb or one eye the compensation payable will be?

50% of the Capital Sum Insured
100% of the Capital Sum Insured
75% of the Capital Sum Insured
25% of the Capital Sum Insured

17. In which of the following cases only Act Cover will be issued?

Taxies over 7 years old
Public Carriers over 7 years old
Private Cars over 15 years old
All of the above

18. The maximum limit of cover under Architects fees add-on cover is ____ % of the adjusted loss.

10%
7.50%
5%
2.50%

19. Which of the following is taken into account to fix rates of premium for the policy under public liability insurance 1991?

Limit of indemnity . Any one year
Limit of indemnity any one accident and turnover
Limit of indemnity . Any one year and turnover
Limit of indemnity . Any one accident

20. Which of the following exclusions does not apply products liability policy?

Costs of recall of any product
Costs of a defective product
Product guarantee
Pollution