Insurance Questions Daily-43

Q-11- The color of ‘Black box’ is

  1. black
  2. bright yellow
  3. bright orange
  4. bright orange or bright yellow

Option-4The color of black box is bright orange or bright yellow.

Q-12- CVRs is a acronym of _________________

  1. Cockpit Voice Recorders
  2. Cancelled value readouts
  3. Commercial value receivables
  4. None of the above

Option-1 CVRs is a acronym of ‘Cockpit Voice Recorders’.

Q-13- Technical Dispatch rate is

  1. measure of number of flights take off in a day
  2. measure of number of flights reach early due to clear weather
  3. measure of number of flights got delayed due to technical issues
  4. None of above

Option-3 Technical Dispatch rate is measure of number of flights got delayed due to technical issues.

Q-14- What is Code-sharing arrangement?

  1. An arrangement between airports to facilitate traffic at the peak time of travel
  2. An arrangement between airlines to facilitate travel of passengers in case of direct flight
  3. An arrangement between airports to facilitate workload of Airport staff during peak of season
  4. An arrangement between airlines to facilitate travel of passengers in absence of direct flight

Option-4 ‘Code-Sharing’ is an arrangement between airlines to facilitate travel of passengers in absence of direct flight.

Q-15- The evolution of aviation safety can be analysed under three distinct phases. The technical era lasted ____________________

  1. Until the late 1960s
  2. Lasted from the 1990s until 2000
  3. Lasted from 2000 to present date
  4. Lasted from the 1970s until the 1990s

Option-1 The evolution in aviation safety can be analysed under three distinct phases, whereas the technical era lasted until 1960s.

Q-16- The main goal of ART was ______________ by means of risk management solutions by deploying self-financing mechanisms.

  1. To retain more risk
  2. To accept total risk
  3. To analyse entire risk
  4. To eliminate entire risk

Option-1 The main goal of ART was to retain more risk by means of risk management solutions by deploying self financing mechanisms.

Q-17- BCP is an acronym of

  1. Budgeted Cost Program
  2. Business Continuity Plan
  3. Belgium Corporate Project
  4. Budgeted Calculated Parameters

Option-1 BCP is an acronym of ‘Business Continuity Plan’.

Q-18- Which of the following is an example of environmental disaster?

  1. Drought
  2. Failure of Power
  3. Loss of water supply
  4. Loss of Skill Development

Option-1 Drought is an example of environmental disaster.

Q-19- Which from below is the action under Crisis Phase

  1. Assessment of situation
  2. Restricted access in premise
  3. Restoration of essential operations
  4. None of above

Option-1 Restricted access to premise is one of the action under ‘Crisis Phase’.

Q-20- Which is the correct order of phases under BCP exercise.

  1. Crisis Phase > Emergency Response Phase > Recovery Phase
  2. Crisis Phase > Recovery Phase > Emergency Response Phase
  3. Emergency Response Phase > Crisis Phase > Recovery Phase
  4. Emergency Response Phase > Recovery Phase > Crisis Phase

Option-1 Crisis Phase > Emergency Response Phase > Recovery Phase

These Insurance GK questions are based on Accounting standards and Practices followed in industry. Awareness of e-IA and practices followed in manage and maintaining various accounting standards.

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