GIPSA Promotion Exam Previous Year Questions 2023 Scale 1-5

GIPSA Promotion Exam Previous Year Questions available in the below article.

07/11/2024

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GIPSA PE Memory Based Questions based on 2023 Exam

GIPSA Promotion Exam Previous Year : GIPSA Promotion exam conducted for GIC employees for Scale 1 to 2 , Scale 2 to 3, Scale 3 to 4, Scale 4 to 5 Promotion exam every year. here we are providing Previous Year Questions based on promotion exam 2023.

You can go through the below gipsa promotion exam memory based questions which are recollected will help you for future exams.

Scale 3-4 Memory Based 2023

Misc-

1-liability Policy is renewed for 1.1.2022 – 31.12.23. The retroactive date is 1.1.2015 The claim is reported for 14.5.2019.

2-In D&O policy what is not payable

3-Notice of claim under D&O policy

4-Employee met with an accident while on duty in foreign country under GPA policy

5-Aviation TPL in AVN52 covers

6-moratorium period in health insurance…

7-GPA policy lwhat is incorrect –

ME, Exclude death cover, Cannot exclude death cover, Cumulative bonus

8-IPC has no definition of –

Housebreaking. Robbery,Dacoit,Burglary

9-insured has Burglary policy covering shop of electrical goods. A burglar entered the premises & assauled watchman. He took keys from watchman & took latops worth ₹ __with him. The claim payable will be-

10-Flood claim in section 1 for Rs. 2 lac in Shopkeeper policy what will be payable

11-BI policy excludes

12-Agreed value policy is issued for ₹10L & claim of ₹2L the market value of the item is 1L, the claim payable will be-

13-Portability procedure to commence _ days or _

14- A person has health policy of __lac & critical policy of __lac & has claimed under health policy for __lac claim & took treatment in Foreign claimed lacs. Claim payable will be-

15-Vector disease is ___policy.

Benefit, indemnity,

16-Health policy of lac & critical illness policy of lacs claim is for cancer of lacs. How much is payable

17-public liability does not cover –

(a)-contractual liability

(b)-Employers liability

Both are true

Both are false

a is true

b is true

18-In case of death of the insured –

The policy will terminate

The policy will continue for 3 months or till the expiry of the policy whichever is earlier.

The policy will expire on the expiry date.

19-The credit of old policy is given to the insured for change of product of same insurer is known as-

Portability

Transfer

Migration

20-GPA-TTD claim calculation

21-health policy of 4L SI with 50k CB is ported to other insurer but they had SI of ₹5L, so the portability SI will

22-Lumpi skin disease is associated with—

Fish,Cattle, camel, Dog

23-RAG is used for-

24-Fracture claim under GPA, CSI ₹5lac, Dr advised rest for 4 weeks. The claim will-

Payable, Not payable

25-18 digit Health no.is called-

AMRN, AYR

Scale 2 Marine Questions Memory Based 2023

1- washing Overboard covered in which ICC- A&B

2- Excess not applicable -TL/CTL

3- ICC WAR- Air..coverage time 15 days

Bulk cargo not -tea
malicious Damage -iccA
icc(c) Derailment claim questions
Stock damaged by rain water claim under ICC B claim not payable

8.Package policy for rubber estates Basis of valuation

P&L cover – Loss of life
iii. Duration of cover The insurance attaches with the loading of each package into wagon / truck
Open policy questions
MI policy freely assigned subject to spacial

13.Minimum premium for an Annual Policy is Rs.5,000.

Launches Open or half-decked utility boats, used to carry tourists and regular passengers over short distances.

15.Disbursements are shipowner’s expenses to run the vessel.

Negligence of Master, Officers, Crew or Pilots iv. Negligence of repairers or charterers provided they are not the Assured hereunder

17.one question -A marine hull policy is a valued policy.

Under Carriage by Road Act, 2007 within 180 days of booking of the consignment.
Liability of the carrier for loss of or damage to cargo is limited to 666.67 SDR

20. numerical Sound Gross and Damage Gross proceed

21. Aviation PA TTD Compensation: weekly

Aviation loss of License insurance given to Airlines
Mooring in aviation
claim payable or not when aircraft overcrowded
Death of ….(AVIATION).. claim 100% SI

SCALE 2 MOTOR QUESTIONS Asked Memory Based 2023

1.TP Sec 172-Award of Compensatory cost in certain case

2.Defense of Insurer..section 150

3.Numbers of days to file appeal in High court –90 days

4.Hit and run death 2L

3)IMT 29 regarding coverage of employees new section Oct-2023

4) Which category of vehicle does not have 2 Geographical zones

5) Form 51 – Certificate of insurance

7- not under Misc vehicle- agriculture Tractor

8-goods carrying vehicle rating depends on

IDV-GVW-Age-Zone

9) Agreed values policies can be issued to — Vintage cars

Liability+ fire policy not cover Theft
Theft & Fire only policy not issue D class
Letter to previous insurer 21 day
NCB not earn on Theft and Fire only
Excess in D class -0.5% of IDV of Vehicle, Subject to Min. 2000/-
TPPD comercial vehicle 7.50 lakhs
private Cars Chandigarh under which zone-B

19 OPEN-AIR CAR PARKS (Motor trade Internal Risks only)

50% area for premium purpose

IMT 22
MOTOR TRADE POLICIES – CLASS “F” – ROAD RISKS ONLY  For new vehicle radius will be 80 km from the insured’s address.  The limit can be extended upto 120 kilometers upon payment of additional premium of 15%.  Beyond 120 kms are to be rated as per the Road Transit Risks Schedule.  From 160 to 320 kms
pvt cars less than 1500cc impose excess 1500 numerical
pvt cars more than 1500cc 8 months old numerical Dep 5%
Two wheeler numerical
numerical age of 1 year 3 months old 10% dep

SCALE 1 to 2- REINSURANCE QUESTIONS Asked Memory Based 2023

1) Reinsurance is contract between— Reinsurer and Reinsured.

2) Meaning- Captive company

3) Profit commission meaning

4) Objective of reinsurance programme

5) Two risk warranty in which type of reinsurance

6) New organisations prefer which type of reinsurane?

7) Consideration for renisurance- Reinsurance premium

8) Retrocessionaire meaning?

9) Fronting meaning- Transfer of entire risk to reinsurer

10) Follow the fortunes– Reinsurance subject to same terms and conditions of original insurance

11) CBR-

12) overriding commission

13) Borderaux..?

14)Sum insured 6L , PML 20%, Quota share 10%, Net retention 2000, Surplus 4 L.

Claim 1L

What is reinsured amount

18) SI 10m, pml 20%, retention 1L, Quota share 10%, claim 1m. Reinsured ammount ?

19) SI 1L, PML 20%, QS 10%, NEt retention 5000, Surplus traty 2L, loss 8k

What is reinsured amount ?

20)Xs 250mx50m, ROL 40% for 150mx100m.

Premium?

21) Engineering Insurance- type of Reinsurance

22) Which of the following covers is sought for protection against an aggregation of

losses arising from a common event such as flood?

Excess of loss- Working (per risk)
Excess of loss- Catastrophe

III. Stop loss

Aggregate excess of loss
Reinsurance is the insurance of the risk assumed by the insurer.

23.which of the following reinsurance contract insurer needs to obtain

reinsurance coverage before accepting to insure a client?

I Facultative

II Retrocession

III Treaty reinsurance

IV Facultative obligatory treaty

24. Rate are inversely proportional to retention. Question Incorrect option Low retention low premium rate than High retention

SCALE 2 MOTOR QUESTIONS Asked Memory Based 2023

1)IMT 22

2)TP Sec 172

3)IMT 29 reagarding coverage of employees

4) Which category of vehicle does not have 2 Geographical zones

5) Form 51 – Certificate of insurance

6- Defense of Insurer..section 150

7- not under Misc vehicle

8-goods carrying vehicle rating depends on

9) Agreed values policies can be issued to — Vintage cars

10)Numbers of days to file appeal in High court –90 days

Which of the following covers is sought for protection against an aggregation of

losses arising from a common event such as flood?

Excess of loss- Working (per risk)
Excess of loss- Catastrophe

III. Stop loss

IV. Aggregate excess of loss

Scale 2 to 3 Fire 2023

1)In BLUS architect fees covered upto what

2) stock kept in a room..insured

suddenly notice stock is damaged due to smoke..how much is payable

3) In a fire incident stock of X amount damaged due to fire, Y amount damaged due to water and Z amount due to smoke.. what will be the claim payable keeping in mind the excess

Scale 1 to 2 : There was a question of Reinsurance quota share percentage 10 percent –

The option were

800
-8000

Scale 1 to 2

Agreed Value Policies can be issued to vintage cars

GR.23. Certificate of Insurance

No Claim Bonus(NCB) can be earned only in the Own Damage section of Policies

covering all classes of vehicles but not on Motor Trade Policies (Road Transit

Risks / Road Risks / Internal Risks) and policies which cover only Fire and / or

Theft Risks.

GR.9. Depreciation on Parts for Partial Loss Claims ( 3 numerical) on basis of this GR.

-impose excess numerical

SCALE 2 MOTOR QUESTIONS Asked 2023

1)IMT 22

2)TP Sec 172

3)IMT 29 reagarding coverage of employees

4) Which category of vehicle does not have 2 Geographical zones

5) Form 51 – Certificate of insurance

6- Defense of Insurer..section 150

7- not under Misc vehicle

8-goods carrying vehicle rating depends on

Scale 2 Marine Questions

1- washing Overboard covered in which ICC

2- Excess not applicable -TL/CTL

3- ICC WAR- Air..coverage time

4- Aviation PA TTD Compensation: weekly

SCALE 1 to 2- REINSURANCE QUESTIONS Asked 2023

1) Reinsurance is contract between— Reinsurer and Reinsured.

2) Meaning- Captive company

3) Profit commission meaning

4) Objective of reinsurance programme

5) Two risk warranty in which type of reinsurance

6) New organisations prefer which type of reinsurane?

7) Consideration for renisurance- Reinsurance premium

8) Retrocessionaire meaning?

9) Fronting meaning- Transfer of entire risk to reinsurer

10) Follow the fortunes– Reinsurance subject to same terms and conditions of original insurance

11) CBR-

12) overriding commission

13) Borderaux..?

14)Sum insured 6L , PML 20%, Quota share 10%, Net retention 2000, Surplus 4 L.

Claim 1L

What is reinsured amount

18) SI 10m, pml 20%, retention 1L, Quota share 10%, claim 1m. Reinsured ammount ?

19) SI 1L, PML 20%, QS 10%, NEt retention 5000, Surplus traty 2L, loss 8k

What is reinsured amount ?

20)Xs 250mx50m, ROL 40% for 150mx100m.

Premium?

21) Engineering Insurance- type of Reinsurance

22) Which of the following covers is sought for protection against an aggregation of

losses arising from a common event such as flood?

Excess of loss- Working (per risk)
Excess of loss- Catastrophe

III. Stop loss

Aggregate excess of loss

SCALE 2 HR QUESTIONS Asked 2023

1) DHA if Residential training? provided – 1/4 or 1/2 or 1/3

2) Which allowance not eligible in suspension/subsistence allowance– Basic pay, HRA, conveyance allowance, DA….

3) NO Leave accrued during– CL, EL, none of the above

4) Memorial authority of RC/Asst– CMD

5) Intrepretation of CDA rules by — Board or Cmd?

6) Which among is wrong regarding Restricted holiday?

7) Maternity leave – It can not exceed 12 months in entire service

Scale 2-3 Memory Based 2023

Misc: Discount allowed in Modern treatment methods..

Which of the below is considered as a modern treatment method in health..
Premium in PMSBY..
Which policy has retroactive period of 2 years
Pair and set clause is applicable in which policy
SI in money insurance is ..
Numericals on burglary first loss basis..
Occupational diseases are covered in WC as ..(add-on,free cover, automatically covered, not covered)
Blood stock insurance is for..
Univoltine, bi voltine, multivoltine are mentioned in..

Motor:

Compensation for fatal accident as per sec 164 New amended MV act
Full form of DAR??( Correct option was not given in the options I guess)
SI in CPA
Max time limit for death in CPA..
Pay as you drive refers to..(Usage of the vehicle)
What is hybrid vehicle
Which vehicle is rated as class F..
Numericals…

Fire:

In a chemical plant, tilting of storage tanks due to the settlement of ground is covered or not?
In a godown or plant some stocks are damaged due to smoke.. whether the claim is payable?
Spoilage of stocks due to electrical short circuit of the machinery is covered?
Silent risk for chemical plant
Agreed bank clause is..(add-on, free cover,etc)

RI:

Commission in NPRI
What is PPW
Uses of pooling..
Which commission is paid in a RI agreement depending on the claim ratio?
Who decides the retention, terms and conditions of RI in a fac treaty.
Numericals..

1)Sum insured 6L , PML 20%, Quota share 10%, Net retention 2000, Surplus 4 L.

Claim 1L

What is reinsured amount

2) SI 10m, pml 20%, retention 1L, Quota share 10%, claim 1m. Reinsured ammount ?

2) SI 1L, PML 20%, QS 10%, NEt retention 5000, Surplus traty 2L, loss 8k

What is reinsured amount ?

4) Xs 250mx50m, ROL 40% for 150mx100m.

Premium?

SCALE 2 REINSURANCE QUESTIONS Asked 2023

1) Reinsurance is contract between— Reinsurer and Reinsured.

2) Meaning- Captive company

3) Profit commission meaning

4) Objective of reinsurance programme

5) Two risk warranty in which type of reinsurance

6) New organisations prefer which type of reinsurane?

7) Consideration for renisurance- Reinsurance premium

8) Retrocessionaire meaning?

9) Fronting meaning- Transfer of entire risk to reinsurer

10) Follow the fortunes– Reinsurance subject to same terms and conditions of original insurance

11) CBR- longform

12) overriding commission

13) two risk warranty..?

14) Borderaux..?

Scale 2 to 3 Memory Based 2023

MISC

1)In EC the commissioner is required to settle the claim in what time.

2)What are the wages under EC

3) what type of burglary policy not issued?

4) ICD full form

5) Bloodstock insurance

6) premium of PMSBY

7) Univoltine, Bivoltine and Multivoltine refers to which insurance

8)What type of treatment is not covered in Modern treatment

MOTOR

1) IMT for hire rewar

2) import duty IMT and loading

3) Age less than 22 years DL will be valid for what time period

4)Death and PTD should take place in how much time for claim under PA policy

4) Excess in PC/CV

5) What is being discussed when talking about Mobile drilling rigs/ excavator/shovel

6) what type of vehicle is covered in garage, parked off road, in transit and while towing disabled vehicles- TW/PC/ Laid up vehicle/ CV

7)Death compensation in sec164

8) What needs to be printed on Form 51 as per MoRTH guidelines 690

9)which vehicle can be underwritten as Misc-D– Milk vans, dumper, tipper, road roller

10) which vehicle can be underwritten as GCV– Excavator, Dumper, Shovel

11) Pay as you drive refers to what

12) Taxi (more than 1500cc) insured for 3,00,000/- net liability accesed is 2,50,000/- salvage value is 30,000/- considering the excess what would be the claim payable

13) Future prospects under Pranay Sethi case

14) DAR full form

FIRE

1) FOES in used in what add on

2) what is considered as silent risk in chemical plant

3) When does the cover start in CAR policy

4) Testing phase in EAR

5) What is an add on cover under fire policy– explosion, removal of debris, bush fire, deterioration of stock due to fire at power station

6) insured has taken loss of rent of Rs. 12000 for 6 months after flood it took him 4 months to rebuild..how much claim will be payable under loss of rent

7) Rent for alternate accomodation cover is given to —shops, factories, non manufacturing units, powerplants

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