Q-11- For how many days NCB can be availed after the expiry of policy?
- 30 days
- 60 days
- 90 days
- 120 days
Option-3 After expiry of policy NCB is valid only for 90 days, with in which it can be availed under new policy
Q-12- Which is compulsorily insurance under motor policy, Own Damage(OD) or Third party(TP) section?
- Third party(TP)
- Own Damage(OD)
- Both
- Anyone from OD or TP
Option-1 Third party coverage should be complusorily taken under any Motor Policy
Q-13- The validity of a Motor Cover Note may be extended for a maximum period of _________.
- 30 days
- 60 days
- 90 days
- 7
Option-2 The validity of cover note can be extend maximum for 60 days.
Q-14- Compulsory deductible is applicable to _____________
- Private cars
- Miscellaneous vehicles
- Commercial Vehicle only
- All the above
Option-4 Compulsory deductible is applicable on all type of Vehicle policy.
Q-15- In case of double insurance with different insurers, which of the policies would be cancelled?
- Any one policy
- At the option of insurer
- Policy commencing later
- At the option of the insured
Option-3 In case of double insurance, policy commencing on later date would stands cancelled.
Q-16- Is Third party Insurance is optional in India?
- True
- False
- Mandatory for first 5 years of vehicle purchase
- Depends on type of vehicle
Option-2 Third Party(TP) insurance is mandatory in all Motor policies in India.
Q-17- Which IMT is used for ‘Discount for anti-theft devices’?
- IMT 10
- IMT 11
- IMT 12
- IMT 13
Option-1 IMT-10 is used for discount of anti-theft devices in the vehicle.
Q-18- Return to Invoice(RTI) cover available for vehicles upto vehicle age of________ ?
- two years
- three years
- four years
- five years
Option-2 Return to Invoice(RTI) cover is applicable to vehicle upto age of 3 years.
Q-19- What is the full form of CTL in insurance?
- Covered Total Life
- Constant total Loss
- Calculated Total Loss
- Constructive Total Loss
Option-4 CTL means Constructive total loss(CTL)
Q-20- Depreciation rate on all rubber/nylon/plastic parts, tyres and Tubes, batteries & Air bags is______ .
- 30%
- 40%
- 50%
- 60%