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GIPSA PE Officer Scale 1 to 2 Memory based Paper: 18 June 2023

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

The Institute of Banking Personnel Selection (IBPS) 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.

Misc

  • Health insurance- max indemnity , some benefit
  • Critical illness – Maths
  • Plate glass insurance – only plain glass covered
  • Burglary insurance exclusion
  • Pa – benefit policy
  • Not required for pa claim settlement
  • Maths from mediclaim ( co pay ) claim
  • Compensation insurance claim
  • Fashal bima exclusion
  • PA accident at Nepal,gone by road met with accident died with SI 2 cr, claim payable -100 lakhs,200 lakhs,Not payable,50 lakhs
  • PA with SI 5 lakhs,in accident amputed above ankle level,claim payable -1-2.5L,2.5 L,3.1L,4-not payable

HRM

  • In HR Old MBIS 2018 for  basic 55000(approx)
  • Halting DA of Devlopment offr
  • Caserian limits for  metro and others

Motor for 1-2 exam

  • Max question for imt , gr
  • Gr 18
  • Exclusion liability policy – ans commercial gcv take person for hire and reward
  • Calculation from partial claim
  • Idv calculation
  • If claim after 50% ncb then it next time ncb turns to 0.
  • laid up period in motor: 2 months
  • IMT 44 asked
  • IMT 17/ GR3/ 3 months in case of legal heir in motor policy
  • Motor example from AB material without excess(deductible) asked: 4 crore
  • Motor example: 3 yrs 7 months old vehilcle…impose excess also given: 25000
  • MiSP for: Automobile dealer
  • Motor exmple: 13000
  • NIL claim payable
  • Which of following not charge additional premium:; PA for OWner driver
  • Jurisdiction for MACT lies with : state government
  • Section 173 : appeal cases
  • NCB on renewal example asked: 0%
  • odd one out question in motor
  • Passenger carrying in good carrying vehicle
  • Dumper and tipper : gcv, misc d etc given
  • CNG is inbuilt in motor: rate: 5%
  • GCV vehicles unde which section: sec 4
  • GR 18 asked
  • Pranay sethi judgement question: below 40 age, permanent job FP %: 50%
  • Licence for 22 yrs old given: valid till 40 yrs od age
  • Appeal case claim amt … : 1 lac
  • In sec 164 what is the criteria for compensation in case of death… Option -Upto 5 lakh , Fixed 5 lakh
  • Question related to hybrid fuel vehicle

Fire for 1-2 exam

  • Foes cover: DOS
  • DSUE asked: options with different ways given to select correct order of DSUE
  • What we deduct first in DSUE example given;
  • Fire and/or theft risk covers : none of option as its not applicable DEFG
  • Floater declaration premium retention:
  • Sooksham excess: 5000
  • Sooksham example : 195000
  • Floater fire policy for: fluctuations of stock
  • What not covered in floater policy: stock under process
  • What is not exclustoon in CAR: faulty design
  • IAR policy : transit within premise cover
  • SFSP policy covers: Bush fire
  • SFSP example: stock purchased at 200 per tonne
  • fire insurance risk imp factor:
  • EAR policy: tricky one… options given as hydro testing, hydrant testing, cold testing and 4th option as hot testing.
  • New business cluase used for
  • Collapse/explosin in BPP aske

Marine for Scale 1 to 2

  • ITC B which is not covered: Piracy
  • Total lines asked: 3 lines
  • Shut out cargo: late arrival
  • Example of theft in marine ICC B cover with Srcc shipment: not payable
  • Cyclone example marine cover B: payable
  • Marine 2 losses type: ATL and CTL
  • Rain water example with ICCB given:
  • ITC hull full form: instite time clause
  • ICC C cover given and asked time limit: 60 days
  • SI taken as 300 per tonn… loss happens mv value : 230 per tonne…claim amt without deductibles asked
  • FOB ends on…
  • Marine risk starts from… warehouse 2 such questions
  • Hull registration in India
  • CTL definition asked… 4 different options.
  • 1-2In Hull ,long form of ITC

Reinsurance For 1-2 Exam

  • Proposal reinsurance: quota share
  • Example where share of A and B company reinsurance given: 2000 and 4000
  • Reassured share: 200 crore
  • Slip definition
  • Excess of loss treaty : deductible
  • Surplus treaty : line
  • Catastrophic treaty triggers after: options as 1 or 2 or 3 or 5 risks.
  • Surplus lines asked
  • Who does not affect reinsurance program: brokers
  • Who pay brokerage: reinsurer
  • Short tail reinsurance risk : marine hul, liability, etc given
  • Treaty slip and documents file with Irdai time limit: 45 days
  • Reinsurance is risk management of function : insurer
  • Risk retention group: asked which is the technique of risk management
  • Earned premium definition asked: tricky options
  • Reinsurance benfits given in all options.. all of them is the ans.
  • Non propotional treaty commission: NIL

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