Associateship Examination-Fire Insurance Claims previous year's question papers

Hello sir I want to prepare for Associateship Examination-Fire Insurance Claims so here can you please give me qus paper ?

[sumit]

Hey here I am giving you paper pattern through which you can get idea related to paper .

Paper pattern

Paper on fire insurance claims has a total of 10 questions in the paper and out of that you have to answer only 8.

However, each question doesn’t carry equal marks; question number one contains 16 marks and the remaining questions are all of 12 marks.

This certainly makes question number one compulsory, provided you don’t want to lose out on 4 marks. Besides, this paper doesn’t have any multiple choice questions.

Moreover, question paper is set in two languages, English and Hindi and you have the option to choose any 1; and that must be done at the time of application submission.


Select the appropriate answer to complete the sentence
(Checking learning
-
Direct)
i. Insurance works on the principle of:
a.
Sharing of losses
b.
Probabilities
c.
Large numbers
d.
Randomness
e.
All of the above
Ans:
e. All of the above.
ii. Insurance helps to:
a.
Prevent adverse situations from occurring
b.
Reduce the financial consequences of adverse situations
c.
Negate all consequences of adverse situations
d.
Make assets continuously productive
e.
All of the above
Ans: b. Redu
ce the financial consequences of adverse situations.
II.
State which of the statements is/are correct
(Checking learning
-
Direct)
i. The term ‘Risk’ includes:
a.
Damage to machinery and property
b.
Impact on the health or life of a person
c.
Leakage of toxic produc
ts into the atmosphere
d.
Effect on the healthy life of the neighbourhood
e.
All of the above
Ans: e. All of the above.
ii. The main purpose of having Life insurance is:
a.
As an avenue for long
-
term investment
b.
As a medium for getting income tax benefits from savin
gs
c.
As a governmental programme for reducing poverty
d.
As an avenue for short
-
term investment
e.
None of the above
Ans: e. None of the above.
III.
Answer the questions below by selecting the correct answer:
(Checking learning
-
Direct)
i. Which of the following inte
rmediaries do not require IRDA’s licence/ approval to
operate in India?
a.
Insurance Brokers
b.
Insurance Agents
c.
Third Party Administrators
d.
Surveyors
e.
All the above intermediaries require IRDA’s licence/ approval
Ans: e. All the above intermediaries require IRDA’
s licence/ approval
ii. An actuary is expected to:
a.
Make an exact forecast of the future liabilities of policies
b.
Make a reasonable forecast of the future liabilities of policies
c.
Calculate the premium required to cover a risk on a long
-
term basis
d.
Find the p
robability of an insured event to happen in non
-
life policies
e.
All the above statements are incorrect
Ans: b. Make a reasonable forecast of the future liabilities of policies

Qus paper for principle of insurance