English IC33 New Syllabus Paper 5

Que. 1 : In engineering Insurance CAR stands for ______________
   1.  Motor Car
   2.  Contractors all Risks
   3.  Fidelity Guarantee Insurance policy
   4.  Declaration Policy
Que. 2 : Which of the following is not correct, when a claim under MRI is initiated?
   1.  The money is paid to the borrower and he has to repay to the creditor
   2.  MRI and term insurance does not give the same benefits
   3.  The money is paid to the mortgagor directly
   4.  The money paid is equal to the outstanding loan amount
Que. 3 : _______________ can be described as an insurance policy taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of an important member of the business.
   1.  Joint Life Insurance
   2.  MRI
   3.  Credit Life Insurance
   4.  Keyman Insurance
Que. 4 : Critical illness policy can be sold ___________________________________.
   1.  As a standalone policy
   2.  As an add on cover to few health policies
   3.  As an add on cover in some Life Insurance Policies.
   4.  All the above
Que. 5 : Which of the following diseases can commonly be covered in critial illness?
   1.  Cancers or specified severity.
   2.  Acute myocardial infarction.
   3.  Coronary artery surgery.
   4.  All the above
Que. 6 : Which of the beloiw is not covered by public liability policy?
   1.  Product liability
   2.  Pollution Liability
   3.  Transportation
   4.  All of the above
Que. 7 : Insurers, hence, need to determine the true identity of their customers. Agents should ensure that proposers submit the proposal form along with the following as part of the KYC procedure:
   1.  Photographs
   2.  Age proof
   3.  Proof of address
   4.  All of the above
Que. 8 : Which branch of Insurance offers cover against war peril?
   1.  Marine policies
   2.  Aviation policies
   3.  Both of the above
   4.  None of the above
Que. 9 : As per the product design which of the below is a classification of Health Insurance ?
   1.  Indemnity cover
   2.  Fixed benefit cover
   3.  Critical Illness cover
   4.  All of the above
Que. 10 : Which of the below is not a type of Marine policy?
   1.  Specific policy
   2.  Duty and decreased value Insurance
   3.  Open policy
 4.  All of the above
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Related Material  IC38 Chapter 14 Notes
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