GIPSA PE Officer Scale 1 to 2 Memory based Paper: 17 December 2023

23/11/2024

GIPSA Promotion Exam Officer Scale 1 to 2: Previous Year based Question December 2023

GIPSA conducts GIPSA PE officer Scale 1 to 2 examination. We provide Memory based Questions of GIPSA PE officer Scale 1 to 2.

In these papers, maximum questions are repeated in every exam. So, Ambitious baba is providing you with GIPSA PE officer Scale 1 to 2 Memory based Question 2023. These Memory based Questions of GIPSA PE officer Scale 1 to 2 will be very useful in upcoming Exam.

These Previous years Questions GIPSA PE Officer Scale 1 to 2 will be very useful in upcoming Exam.

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Scale I to II Questions asked – (17 December 2023)

Motor

Imt 29
Imt 22
Gr 23
Dumper
Numerical
Numerical
Numerical
Numerical
Vintage car – agreed value
Max TPPD limit
Liability with fire and theft – cannot be issued to D type vehicles
C1 – geographical zone
Geographical extension
Class D excess
Side car
Imt 21
Open air car parks
Geographical area in case of motor trade policy
Overturning
Private car clause
Section 150
Appeal in high court time period
Form 51
2 policies with claim on 1 policy – refund
GCV premium depends on
Section 161 max death amount

Miscellaneous

PA – education fund
PA – education fund
PLI Act
Jeweller block section IV
PLI numerical
Industrial risk numerical
CGL Policy
Cattle insurance
Plate glass
Aarogya sanjeevani co pay
Aarogya sanjeevani si
Medical expenses extension is add on
PA – benefit section and indemnity section
Critical illness numerical
Money insurance numerical
Fidelity guarantee numerical
Fidelity guaratee is claim payable
Fidelity guarantee numerical
SIP full form
Product liability insureds
Negligence
Bankers indemnity who among the following cannot be the insured

MARINE

Notice of claim in days for Road
ICC C – Reasonably attributable to
ICC B – Earthquake and stow fell
War cover 15 days
ITC A – AIR
Open policy
Not Bulk cargo – Tea
1 ques
1 ques
Excess not applicable to TL/CTL
Gross sale proceed numerical
GA question
Marine policy is assignable unless
ICC B – Rain Water Damage not covered
Hull question on what is in insured’s control? options – Nuclear risks,
ITC – Duration of cover
Collison liability
Marine policy valued

FIRE

New product

Excess in Lagu
Difference between Sookshma and Griha
Theft within 7 (seven )days from the occurrence of and any of the Insured Event
Earthquake in Griha inbuilt cover
10% Escalation in Griha form date of commencement
Question regarding Spontaneous combustion in new product

Engg

Minimum EXCESS in BPP-10000
Testing in EAR
ALL risk policy EEI
First installment 5% more
Time execs MLOP 14 DAY
SFSP
Department clause in ALOP
Debris Removal (in excess of 1%)
Architects, etc Fees 3% claim to 7.5% claim
Earthquake position when STFI deleted
This extension is for non manufacturing premises only under material damage (Fire Policy); excluding building of kutcha construction; unfit for occupation; for a maximum period of indemnity not to exceed THREE years. (36 MONTHS )
Escalation The premium charged is 50% of the final rate on the specified increase in sum insured.
Contract Price Insurance Clause
Which is not Standing charges
ADD on in FLOP
Standard Turnover
Spontaneous combustion higher rate -IV
Question Regarding Fire Extinguishment Systems
Under insurance numerical
ANNUAL TURNOVER used to find Under-insurance
Project policy

REINSURANCE QUESTIONS

Reinsurance is contract between— Reinsurer and Reinsured.
Meaning- Captive company
Profit commission meaning
Objective of reinsurance programme
Two risk warranty in which type of reinsurance
New organisations prefer which type of reinsurane?
Consideration for renisurance- Reinsurance premium
Retrocessionaire meaning?
Ronting meaning- Transfer of entire risk to reinsurer
Follow the fortunes– Reinsurance subject to same terms and conditions of original insurance
CBR-
Overriding commission
Borderaux..?
Sum insured 6L , PML 20%, Quota share 10%, Net retention 2000, Surplus 4 L. Claim 1L
What is reinsured amount
Minimum and deposit premium in -Excess of loss
Find No of line reinsurers numerical
Fire and PA-Accounting year besis
SI 10m, pml 20%, retention 1L, Quota share 10%, claim 1m. Reinsured ammount ?
SI 1L, PML 20%, QS 10%, NEt retention 5000, Surplus traty 2L, loss 8k
What is reinsured amount ?
Xs 250mx50m, ROL 40% for 150mx100m.
Premium?
Engineering Insurance- type of Reinsurance
Which of the following covers is sought for protection against an aggregation of losses arising from a common event such as flood?
Which of the following reinsurance contract insurer needs to obtain reinsurance coverage before accepting to insure a client?
Rate are inversely proportional to retention. Question Incorrect option Low retention low premium rate than High retention
Claim attached method