IC-S-06 and IC 72 Motor Insurance Chapter 3 Types of Motor vehicles and Policies MCQ

IC-S-06 and IC 72 Motor Insurance Chapter 3 Types of Motor vehicles and Policies MCQ

Explore the essential documents and policies for motor vehicles, including registration, insurance, permits, and licenses. Learn about different motor insurance policies and their coverage options to stay compliant and protected.

Type of Motor Vehicles, Documents and Policies

Question 1

The insurance company is under the duty to inform the Registering Authority that the policy has not followed the cover note within ___ of the expiry of the cover note as required under sec 147(4).

1. 1 month
2. 15 days
3. 10 days
4. 7 days

 

 

 

Type of Motor Vehicles, Documents and Policies

Question 2

The cover note under the Motor Vehicles policy is valid for a period of __.

1. 1 month
2. 15 days
3. 10 days
4. 7 days

 

 

Type of Motor Vehicles, Documents and Policies

Question 3

The last amendments made to the motor Insurance business in India was in ー ー ー ー

1. Jan-07
2. Jul-07
3. Jan-02
4. Jul-02
5. Jun-02

 

 

 

Type of Motor Vehicles, Documents and Policies

Question 4

The own Damage cover under the package policy covers the damage to property of any person up to __

1. Rs 5000
2. Rs 6000
3. Rs 4000.
4. Rs 7000
5. Rs 5500

 

Type of Motor Vehicles, Documents and Policies

Question 5

The maximum limit specified for Motorised Two wheelers is Rs ___ under the Wider Property damage liability cover.

100000. Rs 100000.
100001. Rs 750000.
100002. Rs 500000.
100003. Rs 300000
100004. Rs 250000.

 

Type of Motor Vehicles, Documents and Policies

Question 6

The questions related to the ___ in the proposal form is required to understand the social status of the proposer.

1. Address
2. Details of the vehicle insured
3. Proposers Name
4. Occupation
5. All the above

Type of Motor Vehicles, Documents and Policies

Question 7

Which section of the Act 1988 compulsorily covers the owners of the goods being carried in goods carrying vehicles.

1. 145
2. 146
3. *147
4. 148
5. 149

 

 

Type of Motor Vehicles, Documents and Policies

Question 8

Which of the following falls under the purview of accessories?

1. Horn
2. Engine
3. Brakes
4. Gear
5. windows

 

 

 

Type of Motor Vehicles, Documents and Policies

Question 9

Pick the odd one out in respect to Motor Insurance:

1. Under contract to indemnify the contract is to pay the losses to the insured.
2. Loss of accessories is covered only if the accessories are on the Motor Car.
3. The Extra fittings are usually included under the IDV.
4. The motor policy covers only direct loss caused by an accident to the car.

 

Type of Motor Vehicles, Documents and Policies

Question 10

Deductible Franchise is also known as_____

1. Excess
2. Absolute
3. Bonus
4. Dividend

 

 

Type of Motor Vehicles, Documents and Policies

Question 1

What is the limit of indemnity in respect of any one claim or series of claim arising out of one event?

1. Rs 100000
2. Rs 750000
3. Rs 500000
4. Rs 250000
5. Rs 150000

 

 

 

Question 12

Pick the odd man out with respect to the Motor trade policies.

1. These policies are available to cater to the special requirements of Motor trade.
2. Such policies are taken up by the dealer or distributor of the brand new vehicles.
3. Two types of policies are available under the Motor Trade policies.
4. It is exposed to the legal liability for accidental bodily injury.
5. *License is issued in case of brand new vehicles which are unregistered.

 

 

Type of Motor Vehicles, Documents and Policies

Question 13

What does Motor Trade Internal Risk policy covers?

1. It offers cover in respect of vehicle damaged in a public place.
2. It offers cover in respect of Vehicle damaged in the Insured business premises.
3. It offers cover in respect of damage caused by accidental external and visible means.
4. All of the above

 

 

Type of Motor Vehicles, Documents and Policies

Question 14

Which gadgets in Motors help to warn the drivers to unseen objects immediately behind him?

1. Cameras
2. Parental Control
3. In car Internet
4. *Rear Mounted Radar
5. GPS

 

 

 

 

Type of Motor Vehicles, Documents and Policies

Question 15

The liability for persons employed in connection with the operation of the vehicle is covered under __.

1. MV Act 1988
2. EC Act 1923
3. *Public Liability Act
4. Workmen compensation Act

 

Type of Motor Vehicles, Documents and Policies

Question 16

With a view to simplifying proposal form, the IRDAI has, as a first step prescribed proposal form for ____

1. Liability policy
2. Liability only policy
3. *Interim policy
4. User friendly policy
5. None of the above

 

 

Type of Motor Vehicles, Documents and Policies

Question 17

What are the common features which appear in all types of certificates of insurance?

1. Policy number.
2. Name of registration authority.
3. Business or profession.
4. Date of issue.
5. Al of the above.

 

 

Type of Motor Vehicles, Documents and Policies

Question 18

Any person including the insured provided that the person driving holds an effective driving license at the time of the accident and is disqualified from holding or obtaining such license.

1. The s t a t e m e n t is correct.
2. The statement is incorrect.
3. The statement is partially incorrect.
4. The statement is partially correct.

 

Type of Motor Vehicles, Documents and Policies

Question 19

For commercial vehicles the definition of Certificate of Insurance is based on:

1. Type or class of vehicle.
2. Description of persons or classes of persons entitled to drive.
3. The declaration by the insurer is the same as in the case of private car.
4. All of the above.
5. Only A and C.

 

 

 

Type of Motor Vehicles, Documents and Policies

Question 20

The policy of Certificate of Insurance does not cover which of the following?

1. Organized racing
2. Pace making,
3. A carriage falling under sub section 3 of section 66 of the Motor Vehicles Act, 1988.
4. Reliability trial or speed testing

 

 

 

Type of Motor Vehicles, Documents and Policies

Question 21

Which of the following is incorrect for ‘Motor Vehicle’?

1. A mechanically propelled vehicle adapted for use upon roads.
2. A mechanically propelled vehicle whether power of propulsion is transmitted thereof.
3. Power is from an external or internal source.
4. Includes a chassis to which a body has been attached and a trailer.
5. Include a vehicle running upon a fixed rail.

Type of Motor Vehicles, Documents and Policies

Question 22

Tippers are goods carrying transport vehicle used for carrying loose and bulk goods viz. – – – –

1. Mining materials
2. Sand
3. Blue metal
4. Coal
5. All of the above

 

 

Type of Motor Vehicles, Documents and Policies

Question 23

Which of the following relates to ‘persons or classes of persons entitled to drive Misc. and Special types of vehicles’?

1. Agricultural and Forestry vehicles.
2. Ambulances/Hearses.
3. Cinema Film Recording.
4. Cranes and Breakdown vehicles.
5. Al of the above.

 

 

Type of Motor Vehicles, Documents and Policies

Question 24

What are the Operative clauses defined under the policy?

1. Operative clause of a private car package policy specifies the risk covered and the risks excluded like Section I and section II.
2. Operative clause of commercial vehicle polices deals with Section II.
3. Operative clause in Motor Trade Policies.
4. General exceptions.
5. All of the above

 

Type of Motor Vehicles, Documents and Policies

Question 25

The cabin for the tipper is almost similar to which of the following?

1. Trailer
2. Common Truck
3. Water tanker
4. Bitumen tanker
5. All the above

 

 

Type of Motor Vehicles, Documents and Policies

Question 26

In 1985____ appointed a committee of experts to examine the provisions of the 1939 motor vehicle act.

1. LIC
2. GIC
3. Life insurance Council
4. General insurance Council
5. IRDA

 

 

 

 

Type of Motor Vehicles, Documents and Policies

Question 27

Which of the following provisions does not form the part of motor vehicle act 1988?

1. Standards for anti-pollution control devices
2. Constitution of Road Safety Council’s
3. Administration of quality fine by General Insurance Corporation
4. Insurance of motor vehicles against third party risks

 

Type of Motor Vehicles, Documents and Policies

Question 28

Which of the following chapters of motor vehicle act 1988 deal exclusively with compulsory third-party insurance of the motor vehicles? –

1. Chapter 10
2. Chapter 1
3. Chapter 12
4. Al the above
5. Only A and B

 

 

 

Type of Motor Vehicles, Documents and Policies

Question 29

A motor vehicle to which are semi-trailer is attached is known a s ____?

1. Private service vehicle
2. Public service vehicle
3. Articulated vehicle
4. Goods carriage vehicle

 

 

 

 

Type of Motor Vehicles, Documents and Policies

Question 30

A cover note which has to be issued in prescribed form is valid for a period of ____

1. Seven days
2. 10 days
3. 15 days
4. 30 days
5. Three months

Type of Motor Vehicles, Documents and Policies

Question 31

Which of the following does not comes under the great new car gadgets?

1. Driver capability
2. In car Internet
3. GPS vehicle tracking
4. Automatic high beam control
5. Pushbutton windows

 

 

Type of Motor Vehicles, Documents and Policies Remaining Time: 01:17:28

Question 32

The motor car is disabled by reason of loss or damage cover under the policy, the insurer will bear a reasonable cost of protection and removal to the nearest repairers and of redelivery to the insured but not exceeding in all __ in respect of any accidents.

1. 1000
2. Rs 2500
3. Rs 1500
4. Rs 5000.

 

 

Type of Motor Vehicles, Documents and Policies

Question 33

Package policy form provides wider cover for ___with suitable modifications based on the class of vehicles covered. ‘

1. Own damage
2. Act liability
3. PA to owner/driver
4. All of the above
5. None of the above

 

Type of Motor Vehicles, Documents and Policies

Question 34

The liability only policy covers_____

1. Own damage
2. Act liability
3. Personal Accident risk to owner/driver
4. All of the above
5. Only b and c

 

 

Type of Motor Vehicles, Documents and Policies

Question 35

What are the general exclusions under Own Damage Cover?

1. In breach of “limitations as to use”.
2. In contravention of “driver’s clause”
3. Contractual liability claims.
4. Passengers carried by reason of or in pursuance of a contract of employment are covered.
5. Al of the above.

 

 

Type of Motor Vehicles, Documents and Policies

Question 36

What does the schedule contain?

1. The policy number.
2. The insurer.
3. Geographical area.
4. The period of insurance.
5. All of the above.

 

Type of Motor Vehicles, Documents and Policies

Question 37

What are the additional essential covers under the ‘Liability Only Policy’?

1. Passenger liability in public passenger service vehicles.
2. Bi-fuel vehicles.
3. Liability for persons employed in connection with the operation of the vehicle.
4. All of the above.
5. None of the above.

 

 

 

Type of Motor Vehicles, Documents and Policies

Question 38

IRDAI has withdrawn the India Motor Tariff with effect from _

1. 1st April, 2009
2. 1st April, 2008
3. 1st June, 2009
4. 1st May, 2009

 

 

 

Type of Motor Vehicles, Documents and Policies

Question 39

Which of the following statement is not true for safeguarding the vehicle from loss or damage?

1. The insured is expected to take al reasonable steps to safeguard the motor car from loss or damage.
2. The insured is also obliged to maintain the vehicle in an efficient condition.
3. In the event of any accident or breakdown the car should not be left unattended without proper precaution being taken to prevent further damage or loss.
4. The company shall not be liable for each and every claim under Section 1.

Type of Motor Vehicles, Documents and Policies

Question 40

The coverage for two wheelers policy provides for a ‘no claim discount’ for each claim free year which starts at rising to ____over 5 years.

* 10%, 40%,

* 10%, 30%

* 20%, 40%

* 20%, 50%

 

 

Type of Motor Vehicles, Documents and Policies

Question 41

Marks for correct response: 2.00| Negative marking: 0.00

Cost of protection and removal: The insurer will bear such costs up to___in any one accident.

1. Rs 190
2. Rs 100
3. Rs 150
4. Rs 300

 

 

Type of Motor Vehicles, Documents and Policies

Question 42

The extension under Section Il subject to trailers are:

1. The limits of liability shown in the schedule of the policy are not increased by the extension.
2. The insurer shall not be liable in respect of damage to property conveyed by the towed vehicle.
3. There is no liability in respect of loss, damage and/or liability sustained or incurred whilst the motor vehicle is towing a greater number of vehicles than permitted by law.
4. All of the above.

Type of Motor Vehicles, Documents and Policies

Question 43

Subject to the limit of liability the indemnity under the motor and trade internal risks policy in respect of damage to any motor vehicle including its accessories, whilst thereon:

1. The property of the insured or any member of the insured’s family or household.
2. Caused by accidental external and visible means.
3. Occurring in or on the premises-that is, insured premises mentioned in the policy.
4. Insurer reserves the option to repair, reinstate or replace the vehicle or any of its parts or its accessories or to pay in cash the amount of the damage.
5. Type of Motor Vehicles, Documents and Policies

 

 

Type of Motor Vehicles, Documents and Policies

Question 44

What are the conditions of the motor trade internal risks policy?

1. The policy and the schedule shall be read together as one contract.
2. Every notice or communication shall be delivered in writing to the insurer.
3. No admission, offered, promise or payment shall be made by the insured without the consent of the insurer.
4. The insured shall exercise care in the selection of competent employees and shall take all reasonable steps to safeguard
5. from damage the insured property and maintain the premises in good repair.
6. All of the above.

 

Type of Motor Vehicles, Documents and Policies

Question 45

What are the non-essential covers under the ‘liability only policy’?

1. Personal accident covers for un-named passenger.
2. Extended to cover PA benefits to passengers in the vehicles.
3. Liability for non-fare paying passengers.
4. None of the above.
5. All of the above

 

Type of Motor Vehicles, Documents and Policies

Question 46

 

According to the coverage for private car the company will ‘indemnify’ the insured against loss like:

1. Fire, explosion, self-ignition or lightning.
2. Burglary, housebreaking or theft.
3. Riot and strike.
5. Al of the above.

 

Type of Motor Vehicles, Documents and Policies

Question 47

Pick the odd one for depreciation:

1. For all rubber/ nylon/ plastic parts, tyres and tubes, batteries and airbags – 50%.
2. For all fiberglass components – 30%.
3. For all parts made of glass – 5%.
4. Age of vehicle not exceeding 6 months – Nil.
5. Age of vehicle between 6 months and 1 year – 5%.

 

Type of Motor Vehicles, Documents and Policies

Question 48

The insured may authorize repairs necessitated by damage covered under the policy provided that:

500. The estimated cost of such repairs does not exceed Rs 500.
501. The insurer is furnished forthwith a detailed estimate of the cost.
502. The insured gives the insurer full assistance to see that such repair is necessary and the charge reasonable.
503. All of the above.
504. None of the above.

Type of Motor Vehicles, Documents and Policies

Question 49

What are the general exceptions under coverage for two-wheelers for which the insurer shall not be liable?

1. Any accident, loss, damage or liability caused, sustained or incurred outside the geographical area.
2. Any claim out of any contractual liability.
3. Loss, damage, liability arising from ionizing radiations or nuclear waste process of nuclear fission.
4. Any accident loss, damage or liability directly or indirectly, proximately or remotely arising from war and kindred peril.
5. Al of the above.

 

 

Type of Motor Vehicles, Documents and Policies

Question 50

For Motor Trade Internal Risks Insurance, rates of premium are based on:

1. Superficial area of premises, that is, land and buildings occupied by the insured for the purpose of motor trade business.
2. The name of every employee, together with the amount of wages, salaries and other earnings shall be properly recorded
3. by the insured.
4. The insured shall at all-time allow the insurer to inspect such a record.
5. The first and all renewable premiums are to be regulated partly upon the amount of wages, salaries and other earnings paid
6. by the insured to employees during each period of insurance.