Professional Documents
Culture Documents
Ic 72 - Motor Insurance Exam Exam
Ic 72 - Motor Insurance Exam Exam
EXAM
EXAM
IC 72 – MOTOR INSURANCE
DEMO Q&As
Question1 Identify the correct statement(s) with regards to IDP - International Driving Permit.
1. IDP is valid for 2 years
2. IDP is issued by the RTO within whose jurisdiction the applicant resides
3. IDP is used in conjunction with a driving license
(a) Only 1
(b) Only 2
(c) Only 1 and 2
(d) Only 2 and 3
(e) All 1, 2 and 3
Question2 What are the conditions for getting a learners license for driving a transport vehicle?
1. The minimum age should be 18 years
2. The minimum age should be 20 years
3. The Person should hold a driving license to drive a light motor vehicle for at least one
year
(a) Only 1
(b) Only 2
(c) Only 1 and 3
(d) Only 2 and 3
(e) Only 3
Question3 Which category of motor vehicle is constructed or adapted to carry more than six
passengers, but not more than 12 passengers, excluding the driver, for hire or reward.
(a) Trailer
(b) Private Service Vehicle
(c) Maxi cab
(d) Motor cab
(e) Motor car
Question4 Mr. Suresh has availed a No claim bonus protection for his car. What criterion need to be
satisfied to be eligible for the same?
1. No Claim Bonus earned so far is 25% or more
2. Policy is renewed on or before a period of 90 days from expiry
3. Claim made during the policy period is not more than one
(a) Only 1
(b) Only 3
(c) Only 1 and 2
(d) Only 2 and 3
(e) All 1, 2 and 3
Correct Answer IDV is the amount for which the vehicle is insured
Answer Insured Declared Value - IDV is the amount for which the vehicle is insured which is deemed
Explanation to be the Sum Insured for the policy period.
Question6 When does the owner of a motor vehicle, by virtue of his title and possession, has an
insurable interest?
1. At the time of making a claim
2. At the time of taking insurance
3. At the time of renewal of policy
(a) Only 2
(b) Only 3
(c) Both 1 and 2 only
(d) Both 2 and 3 only
(e) All 1 , 2 and 3
Business firms commonly apply analytics to business data to describe, predict and improve
business performance.
Question8 To whom does the 'knock for knock' arrangement in motor insurance industry benefit?
1. The insuring public
2. The insured
3. The insurer
(a) Only 1
(b) Only 2
(c) Only 3
(d) Only 2 and 3
(e) All 1, 2 and 3
Question9 Which of the sections are correctly mentioned as per the Motor Vehicle Act 1988?
(a) Section 154A - Compensation under no Fault Liability Section 150 - Compensation under Hit
and Run motor cases
(b) Section 163 - Compensation under no Fault Liability Section 166A - Compensation under Hit
and Run motor cases
(c) Section 140 - Compensation under No Fault Liability Section 161 - Compensation under Hit
and Run motor cases
(d) Section 161 - Compensation under no Fault Liability Section 163A - Compensation under Hit
and Run motor cases
(e) Section 163 - Compensation under no Fault Liability Section 140 - Compensation under Hit
and Run motor cases
Correct Answer Section 140 - Compensation under No Fault Liability Section 161 - Compensation under Hit
and Run motor cases
Answer Section 140 – Compensation under No Fault Liability
Explanation Section 161 - Compensation under Hit and Run motor cases
are the correct Section numbers.
Question10 Mega Light Insurance Company wants to do some research and wishes to know where to
find the right customers and how to identify good customers for target marketing. Which
tool should it use?
(a) Process management
(b) Predictive analysis
(c) Enhance analytics
(d) Data governance
(e) Enterprise intelligence