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Objective Type Set
Online MCQ Assignment
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Objective Set

 

S. N

QUESTION

A

B

C

D

1

Mediclaim Policy covers

Hospitalization Expenses

Death Compensation

Domicilliary Medical Expenses

Disability Compensation

2

P.A. Policy covers

Health Risk

Life Risk

T.P. Loss

Accidental Death & Disability Risk

3

Life Insurance Policy can be taken upon the Life of

Human Beings

Pets

Birds

Cattles

4

Motor Insurance covers

D.G. Sets

Road Vehicles

Toy Trains

Motor Boats

5

Money insurance is given to

Householders

Commercial Establishments

Advocates

Students

6

Marine Transit Policy is meant for

Ship crew members

Ships

Persons going by ships

Goods in transit

7

Professional Indemnity Policy compensates Loss due to

Damage to professional properties

Compensations Being paid to the client

Low Business

Penalty Imposed by the Authority

8

Product Liability Insurance is issued to

Private clubs hosting dinners

Food & Supply departments of the State

Manufacturers producing the goods

Consumers using the product

9

In OMP claims are settled in

UK Pounds

Indian Rupee

US Dollar

Euro Dollars

10

Maternity Benefits under Mediclaim Policy can be covered under

Group Policy

Family Policy

Individual Policy

All of above

11

Motor Package Policy is

Compulsory with Liability Cover

Optional

Compulsory with P.A. Cover

Optional with Liability cover

12

Mediclaim Insurance covers

PA and Life Risk

P.A. Risk

Health Risk

Life Risk

13

‘Blood Stock’ policy covers loss due to

Death of Blood donor

Deterioration of blood due to sudden change in temperature in blood bank

Death of patient

Death of Race Horse

14

Plate Glass Policy is compulsory with

Money Policy

Optional

Burglary Policy

Fire policy

15

Professional Indemnity Policy is not issued to

Engineers

Doctors

Farmers

Advocates

16

OMP is meant for

Engineers

Overseas Travellers

Inland Travellers

Doctors

17

Life Insurance Premium may consist of

Life Risk Cover and Savings Portion

Health Risk Cover Only

Personnel Accident Cover Only

Savings Portion Only

18

House holders policy does not cover

Theft

Loss of Profit

P.A.

Fire

19

Public Liability Insurance can be issued to

Industrial Units

Office owners

Individuals

All of above

20

In P.A. Policy compensation for loss of one limb or one eye is equivalent to

25% of CSI

50% of CSI

75% of CSI

100% of CSI

21

Burglary policy does not cover

Money in safe

Valuables in safe

Damage to property by Burglars

Money in transit

22

House Holders Policy is granted to

Office

Group

Factory

Individual

23

In Private car Motor Package Policy Maximum NCB is

50%

65%

40%

20%

24

In Motor ‘Legal Liability Only’ Policy compensation is given for Third Party

Disability Only

Death Only

Property Damage Only

All of above

25

Fire Policy may be extended to cover

T.P. Liability

Employees compensation

Loss of Profit

Burglary

26

Fire Insurance covers

Building Only

Stock Only

Life Risk

Building & Stock

27

Burglary Policy is given to

Residential Houses

Drivers

Travellers

Commercial Establishments

28

Mediclaim Policy covers Pre-Hospitalisation Expenses for

10 days

15 days

25 days

30 days

29

In Motor OD Claims Depreciation on Metal Parts is deducted @

As per Age of the vehicle

20%

50%

10%

30

Life Insurance Business is conducted by

GIC

LIC

IRDA

LIC & Private Life insurers

31

In Motor OD claims Depreciation on Rubber Parts is deducted @

40%

20%

50%

30%

32

Public Liability Insurance covers

Damage to Third Persons

Loss of Profit

Damage to Self Property

Injury to self

33

In P.A. Policy TTD benefit can be extended

4% of CSI per week

3% of CSI per week

2% of CSI per week

1% of CSI Per Week

34

Fire Insurance Policy can be extended to cover

Earthquake

War

Nuclear Risk

Lightning

35

Fidelity Guarantee Policy covers loss due to dishonesty by

Relatives

Clients

Friends

Employees

36

‘Key Clause’ in Burglary Policy refers to claim is payable only when

Burglars open safe by key handed over by insured at his own

Burglars forceably obtain keys from Insured

Burglars use duplicate key lying near safe

None of above

37

Directors and Officers Policy is issued to

IAS Officers

Directors of Corporate

Chartered Accountants

Film Directors

38

Motor (Liability Insurance ) Policy covers

P.A. Risk

Third Party Loss

Own Damage & Third Party Loss

Own Damage

39

Fire Insurance Policy covers

T.P. Liability

Fire Only

P.A. Risk

Fire & Allied Perils

40

House Holders Policy has

2 sections

5 sections

10 sections

3 sections