Spot Vehicle Insurance Test For Branch Heads

18 Questions | Total Attempts: 37

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Spot Vehicle Insurance Test For Branch Heads

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Questions and Answers
  • 1. 
    Spot Vehicle Due date Register must contain ?
    • A. 

      Name of Customer, Mobile No., Vehicle Insurance Due date

    • B. 

      Type of Vehicle, Owner’s address, color of vehicle.

    • C. 

      Owner’s license details, owner’s address, owner’s PAN Card details.

    • D. 

      Previous Spot Vehicle Insurance copy, last premium paid, owner’s mobile no.

  • 2. 
    PMS Score for Vehicle Insurance is ?
    • A. 

      5

    • B. 

      10

    • C. 

      25

    • D. 

      NIL

  • 3. 
    How many photographs are required for processing 4W ‘break in’ policy renewal ?
    • A. 

      8

    • B. 

      2

    • C. 

      6

    • D. 

      4

  • 4. 
    What is the full form of IDV ?
    • A. 

      Insured Declared Value

    • B. 

      Insured deferred value

    • C. 

      Insured direct value

    • D. 

      Insured dormant value

  • 5. 
    What is the full form of NCB ?
    • A. 

      No Claim Bonus

    • B. 

      Nil Claim Bonus

    • C. 

      Non certified bonus

    • D. 

      Never Claim Bonus

  • 6. 
    What is the current maximum NCB value ?
    • A. 

      50%

    • B. 

      60%

    • C. 

      70%

    • D. 

      25%

  • 7. 
    What is the %age of general depreciation in IDV on yearly basis ?
    • A. 

      10%

    • B. 

      20%

    • C. 

      5%

    • D. 

      50%

  • 8. 
    NCB belongs to ?
    • A. 

      Car owner

    • B. 

      Car

    • C. 

      Insurance Company

    • D. 

      Car Manufacturer

  • 9. 
    Name the set of Insurance companies currently associated with us ?
    • A. 

      SBI General, New India, TATA AIG, Future Generalli, Shriram, Magma

    • B. 

      SBI General, United India, TATA AIG, Future Generalli, Shriram, Magma

    • C. 

      SBI General, Kotak Mahindra, TATA AIG, Future Generalli, Shriram, Magma

    • D. 

      SBI General, LIC of India, TATA AIG, Future Generalli, Shriram, Magma

  • 10. 
    If vehicle ownership is changed during the year, it will affect ?
    • A. 

      NCB will become Zero.

    • B. 

      Nothing will happen

    • C. 

      Vehicle’s value will affect

    • D. 

      The hypothecation value will change

  • 11. 
    How many photographs are required for 2W break in policy renewal ?
    • A. 

      4

    • B. 

      2

    • C. 

      6

    • D. 

      8

  • 12. 
    If MFIN branch log in a spot vehicle insurance policy proposal, from where the customer will get his/her insurance policy document ?
    • A. 

      MFIN Branch itself

    • B. 

      Respective Insurance company

    • C. 

      From the local office of the insurance company

    • D. 

      From MSTL Office

  • 13. 
    If the customer wants to make payment through bank cheque, then in whose name the cheque must be taken ?
    • A. 

      In the name of issuing insurance company

    • B. 

      In the name of MIBPL

    • C. 

      In the name of MSTL

    • D. 

      In the name of MFL

  • 14. 
    How much time is normally taken by the branch to renew a regular insurance policy with all correct documents ?
    • A. 

      30 minutes

    • B. 

      24 hours

    • C. 

      48 hours

    • D. 

      12 hours

  • 15. 
    What is the current Penalty for driving without a valid insurance policy ?
    • A. 

      Rs. 2,000/-

    • B. 

      Rs. 4,000/-

    • C. 

      Rs. 1,000/-

    • D. 

      Rs. 5,000/-

  • 16. 
    Which is the Regulatory body for Insurance in our country ?
    • A. 

      IRDA

    • B. 

      MIBPL

    • C. 

      SEBI

    • D. 

      BCCI

  • 17. 
    How many methods are currently available for insurance payment ?
    • A. 

      3

    • B. 

      4

    • C. 

      5

    • D. 

      6

  • 18. 
    What are legal valid documents required for Vehicle driving in our country ?
    • A. 

      Driving License, Pollution certificate, Registration certificate and Vehicle Insurance

    • B. 

      Driving License, Pollution Certificate, Purchase bill of the Vehicle, Vehicle Insurance

    • C. 

      Driving License, Photo ID of the driver, Pollution certificate, Vehicle Insurance

    • D. 

      Driving License, Bank Hypothecation documents, Pollution certificate, Vehicle Insurance

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