Page 428 - IC38 GENERAL INSURANCE

Question 6

Consequential Loss (Fire Policy) covers:

I. Loss of profit due to damage to factory
II. Loss of Goodwill
III. Material wear & tear in machinery
IV. Losses due to foreign exchange fluctuations

Question 7

Premium in Burglary depends on:

I. Security measures
II. Location of Premises
III. Nature of property
IV. All of the above

Question 8

Contractor‟s All Risk Policy is a variation of:

I. Fire Insurance
II. Life Insurance
III. Engineering Insurance
IV. Marine Insurance

Question 9

Employee‟s Compensation Policy is a type of

I. Liability Insurance
II. Fire Insurance
III. Marine Cargo Insurance
IV. Engineering Insurance

Question 10

Money Insurance Policy covers:

I. Cash in hand
II. Money invested in Mutual Fund
III. Money lying in Saving Bank
IV. Money deposited with post office.

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