sr_no
stringlengths 1
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stringlengths 13
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stringclasses 4
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stringclasses 1
value | category
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|---|---|---|---|---|---|
402
|
What type of enterprises are Bharat Sookshma Policy and Bharat Laghu Policy suitable for
|
{
"1": "Small and Medium Enterprises (SMEs)",
"2": "Large Business Enterprises",
"3": "Both a) and b)",
"4": "None of the above"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
403
|
What is the waiver provided under the Bharat Sookshma Udyam Suraksha policy
|
{
"1": "Waiver of premium payment",
"2": "Waiver of policy coverage",
"3": "Waiver of claim settlement",
"4": "Waiver of underinsurance to the extent of 15%"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
404
|
What does a reinstatement value policy cover
|
{
"1": "Stocks",
"2": "Buildings, plant, machinery, furniture, fixture, fittings",
"3": "Both (a) and (b)",
"4": "None of the above"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
405
|
What is the sum insured for a declaration policy based on
|
{
"1": "Market value",
"2": "A fixed value determined by the insurer",
"3": "The highest value expected to be stored in the godown during the policy period",
"4": "The value of stocks at the beginning of the policy period"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
406
|
What are floater policies
|
{
"1": "Policies issued for covering stocks stored at various specified locations under one sum insured",
"2": "Policies issued for covering stocks on market value basis",
"3": "Policies issued for covering hazardous goods held in storage areas",
"4": "Policies issued for covering industrial complexes only"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
407
|
What does Business Interruption Insurance provide indemnity for
|
{
"1": "Loss of gross profit and increased cost of working",
"2": "Loss of merchandise goods",
"3": "Loss of property damage",
"4": "Loss of standing charges"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
408
|
What risks are covered under burglary insurance
|
{
"1": "Loss of property due to natural calamities",
"2": "Loss of property due to employee negligence",
"3": "Loss of property due to power failure",
"4": "Loss of property following actual forcible and violent entry into the premises or loss followed by actual, forcible and violent exit from the premises or hold up"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
409
|
What is the key clause in the cash cover of the burglary insurance policy
|
{
"1": "Cash lost from the safe following the use of the original key to open is covered only where such key has been obtained by violence or threats of violence or through means of force",
"2": "Cash lost from the safe following the use of the original key to open is covered without any conditions",
"3": "Cash lost from the safe following the use of any key to open is covered",
"4": "Cash lost from the safe following the use of any key to open is not covered"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
410
|
What is meant by PML in First Loss Insurance
|
{
"1": "Probable Maximum Liability",
"2": "Probable Minimum Liability",
"3": "Probable Maximum Loss",
"4": "Probable Minimum Loss"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
411
|
What does Fidelity Guarantee Insurance cover against
|
{
"1": "Fire and theft",
"2": "Natural disasters",
"3": "Fraud and dishonesty of employees",
"4": "Product liability"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
412
|
What is the basis on which Bankers Indemnity Insurance policy is issued
|
{
"1": "Discovery basis",
"2": "Occurrence basis",
"3": "Loss basis",
"4": "Negligence basis"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
413
|
What are the items covered under Jeweler’s Block Policy
|
{
"1": "Furniture and fixtures",
"2": "Electronics and appliances",
"3": "Jewellery, gold & silver articles, diamonds, precious stones, and wrist watches",
"4": "Clothing and accessories"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
414
|
Which policy covers damage due to any cause except those specifically excluded
|
{
"1": "Machinery Breakdown Policy",
"2": "All Risks Policy",
"3": "Boiler Pressure Plant policy",
"4": "Electronic Equipment Policy"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
415
|
Which of the following is covered under Boiler and Pressure Plant Policy
|
{
"1": "Damage, other than by fire, to the boilers and/or other pressure plant and to surrounding property of the insured",
"2": "Damage caused due to fire",
"3": "Damage caused due to natural calamities",
"4": "Damage caused due to wear and tear"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
416
|
What does Electronic Equipment Policy cover
|
{
"1": "Only computer systems",
"2": "Various kinds of electronic equipment, including the entire computer system, keyboards, monitors, printers, etc. , and auxiliary equipment",
"3": "Only auxiliary equipment such as air- conditioning, heating and power conversion",
"4": "Only loss and damage due to burglary, housebreaking, and theft"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
417
|
Who is Electronic Equipment Policy available to
|
{
"1": "Only the owner of the equipment",
"2": "Only the lessor of the equipment",
"3": "Only the hirer of the equipment",
"4": "All of the above, depending on their responsibility or liability"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
418
|
How many sections does Electronic Equipment Policy usually have
|
{
"1": "1",
"2": "2",
"3": "3",
"4": "4"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
419
|
What kind of machinery is covered under the Contractors Plant & Machinery Policy
|
{
"1": "Machinery used in agriculture",
"2": "Machinery used in the food industry",
"3": "Machinery used in construction",
"4": "Machinery used in the textile industry"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
420
|
Who is the Deterioration of Stock Policy suitable for
|
{
"1": "Cold storage owners and lessees",
"2": "Building owners and lessees",
"3": "Car owners and lessees",
"4": "Boat owners and lessees"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
421
|
Which policy is suitable for the principal or contractors of a project whereas plant and machinery is being erected as it is exposed to various external risks
|
{
"1": "Contractors Plant & Machinery (CPM) Policy",
"2": "Erection All Risks (EAR) Policy",
"3": "Deterioration of Stock Policy",
"4": "Civil Engineering Completed Risk"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
422
|
What is the Industrial All Risks Policy designed to cover
|
{
"1": "Only manufacturing facilities",
"2": "Only storage facilities",
"3": "Industrial properties - both manufacturing and storage facilities",
"4": "Commercial properties"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
423
|
What does marine cargo insurance cover
|
{
"1": "Loss of goods during transit within the country only",
"2": "Loss of goods due to sea misadventures only",
"3": "Loss of goods during transit by road and sea only",
"4": "Loss of goods during transit by rail, road, sea, air or registered post"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
424
|
Who can insure the cargo under marine cargo insurance
|
{
"1": "Only the seller of the goods",
"2": "Only the buyer of the goods",
"3": "Both the seller and the buyer of the goods, depending on the contract of sale",
"4": "Only the carrier of the goods"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
425
|
Under which Act is liability imposed on those who handle hazardous substances
|
{
"1": "Public Liability Insurance Act, 1991",
"2": "IRDA Act 1999",
"3": "Insurance Act 1938",
"4": "Income Tax Act 1968"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
426
|
What is the maximum compensation payable for temporary partial disablement under Compulsory Public Liability Policy
|
{
"1": "Rs. 25, 000",
"2": "Rs. 1, 000 per month, maximum 3 months",
"3": "Rs. 12, 500",
"4": "Rs. 3, 000"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
427
|
What does Employee’s Compensation Insurance provide indemnity for
|
{
"1": "Legal liability to pay compensation to third parties",
"2": "Legal liability to pay compensation to employees who sustain personal injury by accident or disease arising out of and in the course of employment",
"3": "Legal liability to pay compensation for damage to property",
"4": "Legal liability for pollution liability"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
428
|
To apply for a claim, in case of damage caused by flood or cyclone, a report from ______ would be necessary
|
{
"1": "Police Department",
"2": "Meteorological Office",
"3": "Fire Department",
"4": "Surveyor/ Loss Assessor"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
429
|
A police report may not be needed in the following case
|
{
"1": "Damage by Cyclone",
"2": "Damage by Fire",
"3": "Damage In Road Accident",
"4": "Damage In Transit"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
430
|
The most important function of an insurance company is
|
{
"1": "To settle claims of policy holders on the happening of a loss event",
"2": "To settle balance of policy holders on the happening of a profit event",
"3": "To settle sum amount of policy holders",
"4": "To settle claims of policy holders"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
431
|
In case of Fire, claim is assessed on the basis of______
|
{
"1": "An agent report",
"2": "A police report",
"3": "Survey report",
"4": "Policy report"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
432
|
To Submit reports to an insurance company, the surveyors and Loss Assessors expected to a) examine the property in question b) Verify the causes and circumstances of the loss c) Estimate the quantum of the loss
|
{
"1": "Only Statement (a) is correct",
"2": "Both (a) & (b) are correct",
"3": "Both (a) & (c) are correct",
"4": "(a), (b) and (c) are correct"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
433
|
Under which type of policy is notice required to be served on the Railways?
|
{
"1": "Life insurance policies",
"2": "Fire insurance policies",
"3": "Marine insurance policies",
"4": "Cargo rail transit policies"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
434
|
Who conducts the investigation to determine the cause and extent of loss if the claim amount is small?
|
{
"1": "An officer of the insurer",
"2": "An independent licensed professional surveyor",
"3": "A court of law",
"4": "The insured"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
435
|
Why is an investigator's report sometimes necessary to assess a fire claim?
|
{
"1": "To determine the cause of the fire",
"2": "To confirm the value of the insured property",
"3": "To verify the insured's identity",
"4": "To determine the insured's eligibility for coverage"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
436
|
Which of the following is NOT true about how motor insurance claims are assessed in India?
|
{
"1": "Motor third party claims involving death and personal injuries are assessed on the basis of doctor’s report",
"2": "Claims involving third party property damage are assessed on the basis of a survey report",
"3": "Motor own damage claim is assessed on the basis of police report",
"4": "The amount to be paid for third party claims is decided by factors like age and income of the claimant"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
437
|
What is the purpose of investigation in the context of insurance claims?
|
{
"1": "To assess the amount of loss or damage incurred",
"2": "To ensure that a valid claim has been made and rule out any doubts about the claim",
"3": "To determine whether a claimant has a good driving record",
"4": "To decide whether or not to approve the claim based on the policyholder's past claims history"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
438
|
Who hires surveyors and loss assessors?
|
{
"1": "The policyholder",
"2": "The insurance company",
"3": "The government",
"4": "The surveyors and loss assessors themselves"
}
|
2
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
439
|
What regulations govern the work of surveyors?
|
{
"1": "The Indian Contract Act, 1872",
"2": "The Consumer Protection Act, 1986",
"3": "The Insurance Act, 1938, Insurance Rules 1939, and specific regulations issued by IRDAI",
"4": "The Companies Act, 2013"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
440
|
What is the maximum claim amount for which a surveyorneed not be appointed under Section 64 UM of the Insurance Act?
|
{
"1": "For the claim more than Rs. 50, 000 for motor own damage and Rs. 1 lakh for other property damage claims",
"2": "Rs. 1 lakh for motor own damage claims and Rs. 50, 000 for other property damage claims",
"3": "Rs. 50, 000 for all property damage claims",
"4": "Rs. 1 lakh for all property damage claims"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
441
|
How should an insurance company fulfill its promise to policyholders?
|
{
"1": "By providing unfair and inequitable service",
"2": "By avoiding payment to policyholders",
"3": "By providing prompt, fair, and equitable service",
"4": "By increasing premiums for policyholders"
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
442
|
What kind of report may be necessary for cyclone damage claims?
|
{
"1": "A report from the Meteorological office",
"2": "A report from the Fire Brigade",
"3": "A report from the Police",
"4": "A report from the Coroner"
}
|
1
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
443
|
Why is settling claims professionally important for an insurance company?
|
{
"1": "To avoid paying claims",
"2": "To increase profits",
"3": "To attract more policyholders",
"4": "It is regarded as the biggest advertisement for the company"
}
|
4
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
444
|
Which inscription was found in the board room of a non- life insurance company?
|
{
"1": "\"Honesty is the best policy\"",
"2": "\"We always pay our claims\"",
"3": "\"Pay if you can; repudiate if you must\"",
"4": "\"Insurance is a scam\""
}
|
3
|
IC- 38 -WA-Eng-Composite.md
|
Composite
|
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