For each of the following multiple choice questions, choose the most appropriate answer :
1. Mr Sudhakar wants to invest in post office term deposit for tax benefits. What is the minimum duration for which he needs to invest this money?
A. 1 year
B. 2 years
C. 5 years
D. 10 years
2. If contract is signed by 15 years old boy, this contract will be
A. Null and void
B. Invalid
C. Voidable
D. Valid
3. Mr Kunal used to participate in car race. While taking up the Insurance policy he disclosed this information. What kind of hazard does it refers to?
A. Physical hazard
B. Fraudulent representation
C. Moral hazard
D. Peril
4. The main purpose of the guaranteed insurability rider benefit is to give the policyholder the right to
A. cancel a health-based exclusion after a symptom-free period
B. include his parents under the policy
C. increase cover when a key life event occurs
D. maintain cover despite a fall in investment value
5. If the client does not wish to proceed with the recommendations right at the moment, the agent should :
A. Insist on taking the product right away
B. Should ask for the reason for not going with the recommendation
C. Should ask for a future date from the client
D. Should review once again
6. Indisputability clause can be enforced by the insurance company during the
A. First five years of policy
B. First Two years of policy
C. Claim
D. Inception of the policy
7. Ramesh wants to take an Insurance policy on the life of his brother Harish. Keeping the principle of insurable interest in mind under what circumstances can he insure Harish?
A. Ramesh is elder to harish
B. Harish's death can lead to financial loss to Ramesh
C. Harish has borrowed money from Ramesh
D. Ramesh has insurable interest in the life of Harish
8. Mohit has two kids, one of 6 years and other 8 years. He is the earning member and not having life cover. Before advising him to take health policy, what whould you advise him?
A. Health policy for child
B. Health policy for wife
C. Life insurance policy for wife
D. Life Insurance policy for himself
9. An investor has endowment policy with 30 years policy term. He has paid for eight years. The sum assured is 8,00,000/- and accumulated bonus 60,000/- What is the paid up value?
A. 2,13,333
B. 2,29,333
C. 2,73,333
D. 2,93,333
10. customer who has taken whole life policy has to renew the insurable interest in the policy at the following times
A. Once he attains the age of 70
B. Once the policy has been in force for term of 30 years
C. At the time of revival of the policy
D. When there is change in the nomince
11. What is the key differentiator between the Recurring Deposit & Cumulative Deposit taken by a customcr from a bank?
A. Amount invested
B. Taxation
C. Time period
D. Interest
12. In case an insured dies within a few months after commencement of the policy, then which of the following will be closely scrutinized?
A. Premium payments
B. Assignment details
C. Norninee details
D. Disclosure details
13. After doing the need analysis of the client, the agent advised the client to opt for TROP product. But the client refuseAccording to ethical business practices what should the agent do?
A. Enquire about the refusal from the client
B. Suggest an alternative plan
C. Pass on to a senior
D. Pass on to the other agent
14. What is the main objective of taking the life insurance policy?
A. Tax benefit
B. Savings
C. Investment
D. Protection
15. In respect of the calculation of interim bonus, which period would be considered'?
A. Next bonus date
B. Previous valuation date to claim date
C. Claim date to next valuation date
D. Date of claim
16. In a pension plan illustration what is the part which shows the benefit for an annuitant
A. Insurance coverage
B. Annuity part
C. Guaianteed and non guaranteed part
D. Vesting age
17. An investor has taken G-securities by paying lump sum investment. Apart from periodical interest, what would he get at the end of the term?
A. Discounted value with interest
B. Principal amount
C. Discounted value with persistency bonus
D. None of these
18. Ram and Shyam, both have taken life policy from same company through same agent for same perioDuring ttie process of disclosure, the agent has revealed that he obtains more commission from Ram. What may be the probable reason for the same?
A. Shyani has taken more number of poticies that is why he has been given concession
B. Ram's policy is having rider
C. Ram is oldcr than Shyam
D. Ram is having wife and children, where as Shyam is unmarried
19. In life insurance policy it is later found that the person doesn't have insurable interest then the'contract is
A. Expired
B. Reviewed
C. Void
D. Valid
20. What is the ceiling of tax exemption under 80C?
A. 1 lakh
B. 1.5 lakhs
C. 2 lakhs
D. 3 lakhs
Electrician Books
Rs405 |
Rs405 |
Rs270 |
Rs278 |
|
Rs270 |
Rs279 |
Rs315 |
Rs315 |
|
Rs216 |
Rs225 |
Rs180 |
Rs180 |
|
Rs315 |
Rs279 |
Rs342 |
Rs279 |
|
Rs505 |
Rs536 |
Rs217 |
Rs250 |
|
Rs258 |
Rs299 |
Rs88 |
Rs101 |
|
Rs387 |
Rs315 |
Rs360 |
Rs270 |
Rs245 |
Rs378 |
Rs459 |
 |
Rs187 |
Rs136 |
Rs299 |
Rs266 |
Rs180 |
Rs201 |
Rs39 |
Rs323 |
Rs360 |
Rs260 |
Rs288 |
Rs270 |
Rs323 |
Rs215 |
Rs243 |
Rs160 |
Rs225 |
Rs387 |
Rs315 |
Rs359 |
Rs288 |
Rs270 |
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