1.
Q1) The surveyor will assess the claim on a Constructive Total Loss (CTL) basis under which of the circumst
a) Whenever a surveyor finds that a vehicle is beyond repairs
b) Whenever a surveyor finds that the cost of loss repair exceeds 75% of the IDV
c) Both of the above
d) None of the above
N/A 2. Q2) Compensation for obtaining arrest, attachment or injunction on insufficient grounds such amoun
a) Rs.1,000
b) Rs.2,000
c) Rs.3,000
d) Rs.4,000
N/A 3. Q3) What is the basis of motor insurance contract and it is so designed as to elicit all information nec
a) Proposal form
b) Agreement
c) Passport
d) Cover note
N/A 4. Q4) Under which scheme or permit the passenger drives the vehicle himself and fare is charged on nu
telephone, experience of passenger transport business?
a) Temporary permits
b) Stage Carriage Permits
c) Rent-a-Cab Permits
d) All India Tourist Permit
N/A 5. Q5) Wherever, a surveyor has to be appointed for assessing a loss/ claim, it shall be so done within __
a) 24 hours
b) 54 hours
c) 72 hours
d) 86 hours
N/A 6. Q6) Which of the following complaints can be made to Ombudsman.
a) Total Repudiation of Claim by Insurer
b) Partial Repudiation of Claim by Insurer
c) Delay in settlement of claim
d) All the above
N/A 7. Q7) In India, motor insurance has the highest claim ratio due to Third Party Liability, predominately d
a) Private Cars
b) Commercial Vehicles
c) Two-wheelers
d) All of the above
N/A 8. Q8) Third reason for identifying drug-impaired driving for drivers relates to which of the following?
a) Assignment of liability
b) Non-renewal
c) Claim recovery
d) None of these
N/A 9. Q9) Which of the following statement is correct?
a) Misc. type of vehicles warranting registration as per MV Act can not be covered under CPM Policy
b) Excess applicable to miscellaneous type of vehicle is 0.5% of IDV subject to a minimum of Rs.2000/-
c) An ambulance can be insured as a private car.
d) Claims arising out of accident due to overturning of vehicle whilst in operation as a tool of trade is payable under a standa
N/A 10. Q10) The Motor Vehicles(Amendment) Bill,2008 seeks to amend the Principal Act by which of the fo
a) Enhancing fines
b) Prescribing the time bound process for disposal of apeals
c) Developing greater powers to state governments to regulate road transport
d) All of the above
N/A 11. Q11) ____________ is a service that provides necessary help in case an insured is stranded on the road w
a) Fleet operators
b) Roadside Assistance
c) Transport Development Council
d) Concern of Community
N/A 12. Q12) Motor vehicle insurance is not compulsory if:
a) Engine is below 35 cc without gear
b) If it is registered as per MV Act
c) If it is being used within a premises all the time
N/A 13. Q13) Motor cover note is generally issued for
a) In all cases
b) For renewal only
c) For new vehicles
d) Only for third party & theft
N/A 14. Q14) What is the time limit for disposing of appeals as yet?
a) 15 days
b) 30 days
c) 90 days
d) No time limit is specified
N/A 15. Q15) The IDV is based on
Q15) The IDV is based on
a) The market value
b) Invoice value
c) Book value
N/A 16. Q16) Accessories of a Private car were detached and kept in the garage separately. Fire broke out an
the value of the accessories was lodged. As a claim settlement officer you will compensate the loss on the bas
a) Full IDV of the vehicle including the cost of Accessories
b) Full IDV less the cost of accessories
c) Full IDV of the Vehicle and accessories less appropriate deduction towards dep. on the value of accessories
d) None of the above
N/A 17. Q17) Independent automobile surveyors are assigned the task of assessing the cause and extent of l
a) Rs.20,000
b) Rs.30,000
c) Rs.40,000
d) Rs.50,000
N/A 18. Q18) As per which section, it is open to the workman to exercise an option to move MACT or go bef
a) Section 150 of MV Act, 1988
b) Section 155 of MV Act, 1988
c) Section 167 of MV Act, 1988
d) Section 172 of MV Act, 1988
N/A 19. Q19) Percentage of depreciation in airbag is:
a) Depending on the age of the vehicle
b) Like depreciation of plastic parts
c) Like fibre glass components
d) None of the above
N/A 20. Q20) In order for a motor insurer to remain solvent, its liabilities must be
a) covered by the Financial Services Compensation Scheme
b) covered by the Motor Insurers Bureau
c) less than its assets
d) more than its assets
N/A 21. Q21) A Surveyors role includes:
a) Checking the admissibility of the loss
b) Quantification of the loss
c) Giving comments on the loss
d) Reporting major losses to IRDA.
N/A 22. Q22) A minimum premium applicable for vehicles specially designed or modified for use of blind, ha
a) Rs.25/-
b) Rs.50/-
c) Rs.75/-
d) Rs.100/-
N/A 23. Q23) If police do not succeed in recovering the vehicle after a period of ____________, they file away th
a) 30 days
b) 60 days
c) 90 days
d) 180 days
N/A 24. Q24) Liability to third parties is restricted in terms of own premises usage under Liability Only policy
a) True
b) False
N/A 25. Q25) Insurers must initiates which of the following?
a) Identify standard of accident repairing facilities
b) Liaison with Police and Telecommunication network
c) Evaluate competence of the dealers
d) All of the above
