GIPSA Promotion Exam: Daily One-liners (Part 12)

GIPSA Promotion Exam: Daily One-liners (Part 12)

Dear Aspirants,

As we all know that Marine, Fire, ENGINEERING, AVIATION, Motor, HRM Part is playing a major role in any exam weather it will be GIPSA and Para 13.2 examinations. So here we are providing the Daily one liner for every upcoming exam . Daily one liner consist top study material in one line which is important for every insurance promotion exams.’


  • If entire building of the Industrial estate is insured under one sum insured the rate is – 1.80%
  • Per se means – on its own merits
  • Factories where no manufacturing activities are carried out continuously more than 30 days the premium rate is – charged under silent risk ( if after loss then no activity it is not applied )
  • Monthly declarations under Declaration policy based on the – average of the value at risk on each day or highest value on any day of the month
  • Minimum Sum Insured under Floater Declaration Policy is – Rs.2.00 Crores
  • Minimum Retention of Premium under Floater Declaration Policy – 80% of the annual
  • Premium Reinstatement value policy under Fire provides – that in the event of loss, the amount payable is the cost of reinstating property of the same kind or type, by new property
  • The expression of Terrorism and/or act of terrorism shall have the – same meaning
  • The maximum aggregate loss with all insurers in India for terrorism risk is – Rs.750.00Crores
  • 750.00 Crores is the maximum limit for any one risk for loss of – Material Damage + LOP
  • What is the deductible under Terrorism – for industrial risks .5% of the total S.I. Subject to a minimum of Rs.1.00Lakh , for non-industrial risk .5% of total SI subject to Rs.25000/-
  • Terrorism cover can only be given along with – RSMD Cover


  • Policy period are same for both Operational and Construction phase – No. Operational policies are annual policies and whereas construction phase policies are depends upon the period of the project
  • IAR policy belongs to – Fire department but covers MBD and MLOP also
  • Sum Insured bifurcated into – A) Contract Price B) Materials supplied by the principal C) Any other additional items
  • Airport works Air side work consists of – construction or extension of runways and aprons, installation of airport lighting and re fuelling facilities
  • Contract Works Insurance Policy means – This policy is combination of CAR and EAR policies
  • Loss or damage due to faulty design is an exclusion in CAR Policy but in EAR Policy – it excludes shall be limited only to the item affected and shall not exclude loss or damage to other insured items resulting from the excluded peril
  • CAR Policy covers – Civil Engineering projects, like buildings, bridges, tunnels etc
  • Is theft and Burglary covered by CAR policy – Yes it is an all risks policy
  • Under CAR policy sum insured to be equal to – the estimated completely erected value of the contract works inclusive of materials, wages, construction costs, freight, customs duty and items supplied by the principal
  • Condition of average is applicable in – CAR policy also
  • EAR policy is known as – Storage cum Erection (SCE) policy also


  • The slip printed in Red and marked “important” is known as – Red Slip
  • Red slip drawn the attention of consignees to certain procedures to be followed by them to preserve rights of recovery against carriers is attached to – Marine Policy
  • Open Policy is known as – Floating policy also
  • An Open Policy is a stamped document and Certificates issued under this policies need not be –Stamped again
  • Open policies issued to cover – Inland Transits only
  • Open cover is – not a stamped document and issued to cover imports and exports
  • Certificates under Open Cover – to be stamped
  • INCAPACITY means – Any incapacity causing the PTD or TTD of the person insured
  • This policy to be give to the age group of – 19 to 49 years only
  • D.D.U ( Delivery duty Unpaid ) – The seller undertakes to deliver the goods at named place in the country of importer without payment of the custom duty as applicable in that country
  • Sellers Contingency Insurance policy to be given to – Seller if the buyer refuses to take the delivery of the goods the interest of the seller will be protected under this policy
  • Credit Insurances will cover some risks of such rejection but – they are concerned only with the financial aspects and they are not concerned with any loss or damage suffered by the goods
  • Insurance covers loss or damage to goods but not – the extra expenses incurred by the seller following a reversion of goods to him example warehousing charges and cost of reshipping
  • Depending on the reason for the repudiation of the sale by the buyer, the above expenses are recoverable by the seller from insurers covering the Credit Risk, namely – Export Credit Guarantee Corporation ( ECGC)


  • Difference between Contract Carriage and Stage carriage is – Contract carriage is engaged for the whole of the journey and it can not pick up passenger en route and whereas the stage carriage runs between two points irrespective of any prior contract and it is boarded by passengers en route who pay the fare for the distance they propose to travel
  • Driving License” issued under – Chapter II of the MV Act 1988
  • Driving License for Transport (Licenses) are valid for – 5 years
  • Driving License for Dangerous and Hazardous goods vehicles renewal is – subject to One day refresher course (this license is valid for 3 year only )
  • Driving License for Private car is valid :
  1. Below 30 years : Till the age of 40 years
  2. Attained 30 years & below 50 years : Valid for 10 years
  3. Attained 50 years & below 55 years : Till the age of 60 years
  4. Attained 55 years : Valid for 5 years
  • Where the application of for the renewal of license is made “either one year prior to date of its expiry or within one year after the date of expiry
  • “five years after the driving license has ceased to be effective, the licensing authority may”, the words “one year after the driving licence has ceased to be effective
  1. LMV – up to GVW 7500 KG,
  2. MMV – GVW 7500 kgs to 16200 kg and
  3. HGV – GVW above 16200 kgs (Gross Vehicle Weight )
  • Maxi cab” means – any motor vehicle constructed or adapted to carry more than six passengers, but not more than twelve passengers, excluding the driver, for hire or reward
  • Motor cab” means – any motor vehicle constructed or adapted to carry not more than six passengers, excluding the driver, for hire or reward
  • Motor car” means – any motor vehicle other than a transport vehicle, omnibus, road roller, tractor, motor cycle or invalid carriage
  • Public place” as per Section 2 ( 34 ) means – a road street, way or other place whether thoroughfare or not, to which the public have a right of access, and includes any place or stand at which passengers are picked up or set down by a stage carriage


  • Hospital should have – at lease 15 in patient beds ( C Class towns 10 beds )
  • A place of rest, A place for Drug Addicts or Place of Alcoholics are not a – Hospital/ Nursing Homes
  • Minimum period of 24 hours not applicable to – Dialysis, Chemotherapy, Radiotherapy, Eye Surgery, Dental Surgery, Lithotripsy ( Kidney stone removal ), D&C, Tonsilectomy
  • Domiciliary Hospitalization benefit means – Medical treatment for a period exceeding 3 days taken at home under some conditions
  • Expenses not covered under Domiciliary Hospitalization are – Asthma, Bronchitis, Chronic Nephritis, Diarrhoea and Gastro-Enteritis, Diabetes, Epilepsy, Hypertension, Influenza, cough and cold, All Psychiatric disorders, Pyrexia of unknown origin for less than 10 days, Tonsillitis, Arthritis, Gout and Rheumatism
  • Age group for MEDICLAIM Policy – 5 to 80 years and children between 3 months to 5 years can be covered if one of the parents insured with him
  • Can Death Cover excluded in Group PA Policy? – Yes if a Group Life policy covering Death benefit for the same group of persons is in existence and a discount in the premium applicable to death cover is allowed from the total premium
  • Raj Rajeshwari Mahila Kalyan Yojna cover – Women in the age group of 10 – 75 years
  • Due to accident in case of un married woman under RRMKJ the compensation of Rs.25000/- payable to – Nominee or legal heir
  • In case of married woman taken the policy and her husband dies due to accident then the compensation payable to – married woman only Rs.25000/-


Rule 24 Disciplinary Authority– As specified in the schedule or any higher authority.

Rule 25- Procedure for imposing Major Penalty:

  • No order for major penalty can be imposed under rule 23 except after an inquiry.
  • CA himself may inquire into the truth of imputation of misconduct or may appoint an Inquiring Authority (IA) to do so.
  • Where inquiry is to be held, CA shall frame definite charges on the basis of allegations, against the employee.
  • The charges together with a statement the allegations on which they are based,
  • A list of documents and witnesses by whom the charges are proposed to be sustained, shall be the communicated to the CSE in writing who should be given a time frame of <15days to submit a written statement either admitting or denying the articles of charge.
  • It will not be necessary to show the documents listed to the CSE at this stage.
  • On receipt of written statement from CSE or even if no statement is received inquiry may be conducted by the CA or the IA referred to above provided it may not be necessary to hold an inquiry in r/o charge admitted by him in W/S. However, CA should record his findings on each such charge.
  • Disciplinary Authority (DA) may appoint a PO to present on its behalf, the case, in support of Articles of Charge.
  • The employee may take assistance of any other employee but not a legal practitioner.
  • On the date fixed by the IA, the employee shall appear before the IA at the time, place and date specified.
  • The IA shall ask the CSE whether he pleads guilty or any defence to make.


If he pleads guilty: to any of the articles of charge, the IA shall record the plea, sign the record and obtain the signature of the employee concerned thereon.

The IA shall return a finding of guilt in respect of those articles of charge to which the employee concerned pleads guilty.

If he doesn’t plead guilty: the IA shall adjourn the case to a later date not exceeding 30days, after recording an order that the employee may, for the purpose of preparing his defence:

  • inspect the documents listed with the charge-sheet.
  • Submit a list of additional documents and witnesses that he wants to examine. (IA may allow subject to relevancy to the case.)
  • Be supplied with copies of the statements of witnesses, if any, listed in the charge-sheet.
  • The PO shall make the relevant documents available to IA as specified by him.
  • On the date fixed for inquiry, the Oral and documentary evidence(Ex-1, Ex-2) by which the articles of charge are proposed to be proved shall be produced by PO.
  • The witnesses (MW1, MW2..) shall be examined by the PO and may be cross examined by or on behalf of the employee. The PO shall be entitled to reexamine the witnesses on any points on which they have been cross-examined, but not on a new matter without the leave of IA. IA may also put such questions as he thinks fit.
  • Before the close of the prosecution case, the IA may, in his discretion allow the PO to produce evidence not included in the charge sheet or may himself call for new evidence or recall or re-examine any witnesses. In such case the employee shall be given opportunity to inspect the documentary evidence before it is taken on record or to cross-examine a witness who has been so summoned.
  • When the prosecution case is closed, the employee may be allowed to state his defence, either orally or in writing as he may prefer. If the defence is made orally, the same shall be recorded and the employee shall be required to sign the record. In either case, a copy of the statement of defence shall be given to the PO.
  • The evidence on behalf of the employee may then be produced. The employee may examine himself on his behalf if he prefers. The witnesses produced by the employee shall then be examined and shall be liable to cross-examination by PO, re-examination by CSE, and examination by the inquiring authority.
  • The IA may after he closes the case, shall if the employee has not examined himself, generally question him on the circumstances appearing against him in the evidence to enable the employee to explain the circumstances appearing in the evidence against him.
  • After the completion of the production of evidence, the employee and PO may file written briefs of their respective cases within 15 days of the date of completion of production of evidence.
  • If the employee does not submit the written statement of defence on or before the date specified or does not appear in person or through DA or fails or refuses to comply with any of the provision, the inquiring authority may hold the inquiry ex-parte.

After the conclusion of the Inquiry, Inquiry Report shall be prepared by IA which shall contain:

  • A list of articles of charge and the statement of imputation of misconduct or
  • A gist of defence of the employee in respect of each article of charge,
  • An assessment of the evidence in r/o each article of charge.
  • The findings on each article of charge.
  • The IA shall forward to the DA the records of inquiry which shall include
  • The report of inquiry prepared by him.
  • The written statement of defence, if any submitted by the employee.
  • The oral and documentary evidence produced in the course of inquiry.
  • Written briefs submitted by the PO & CSE.
  • The orders if any made by IA in regard to the inquiry.


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