Motor vehicle accidents cause a lot of death and injury as the day passes and people are taught some laws governing road transport and operating a moving vehicle. The Motor Vehicles Act was enacted to set standards for roadway vehicles and the consequences of certain vehicle violations. Test your understanding of the act by taking this exam.
1. Application for compensation to be made in the MV Act...
A. Claimant's place of residence
B. Place of accident
C. Any of the above
D. Place of insurance
2. The liability of no-fault is governed by which area of the MV Act...
A. Section-173
B. Section-146
C. Section-140
D. Section-160
3. WC claims can only be appealed under motor policies
A. Competent authority approval
B. Compliance with notice period
C. Award satisfaction
D. Conditional satisfaction of the order of the Commissioner of Labor
4. Which of the following is not affected when accepting a motor offer?
A. Proposer's educational qualification
B. Vehicle anti-theft device
C. Moral hazard of the insured
D. Vehicle qualification
5. The agreed price policy is given...
A. Parking in restricted area
B. Vehicle not in use
C. Vintage cars
D. Old cars
6. The proximate cause must be selected...
A. When two or more causes operate simultaneously
B. When two or more causes work one by one
C. When sum insured and excluded Perils work together
D. All of the above
7. There is no physical requirement to settle a claim arising out of a driving license...
A. Theft
B. Collision
C. Self cause of accident
D. Any other accident by external means
8. Which of the following principles prevents an insured from making a profit from his insurance claims?
A. Insurable interest
B. Proximate cause
C. Indemnity
D. Loss protection
9. Among the following policies, the principle of indemnity has been revised.
A. Fire reinstatement policy
B. Fire of profit policy
C. Fire policy
D. Fire declaration policy
10. The purpose of the principle of compensation is
A. Pay full repair cost
B. Prevent the insured from withdrawing any profit from its loss
C. Pay restitution costs
D. Pay full replacement cost
11. Which of the following contracts makes the court ineligible?
A. Proposer has misrepresented
B. The proposer has given an incorrect address of the property due to clerical error
C. Proponent has disclosed
D. As per the Indian Stamp Act, this policy is not stamped.
12. If no material fact is revealed due to oversight, the contract is made...
A. Zero
B. Invalid causation
C. Illegal
D. Invalid
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