For each of the following multiple choice questions, choose the most appropriate answer :
1. In case of life insurance, the insurable interest should exist
A. At the time of taking the policy
B. At the time of claim
C. At the time policy matures
D. At the time of taking the policy & claim
2. The Institute of Insurance and risk management is engaged in providing insurance education and :
A. Regulatiom
B. Redressal
C. Research
D. Repository
3. The lung cancer is aggravated by smoking. In terms of insurance, these are respectively known as
A. Hazard & peril
B. Peril & hazard
C. Effect & cause
D. Either peril or hazard
4. If job loss is a risk, one should invest in debt instruments like bank deposits and :
A. Government securities
B. Debt mutual funds
C. National Saving Certificates
D. Corporate bonds
5. The authority of COPA is limited to what amount at the district level?
A. 10 lac
B. 20 lac
C. 50 lac
D. 100 lac
6. In case of insurance, consideration refers to:
A. Premium paid
B. Insurance acceptance
C. Age
D. Tenure of policy
7. Ashu is an illiterate person and his proposal form was filled by Nishu, then what is the additional requirement to be taken along with the documents?
A. The policy needs to be advertised in the newspaper
B. Nishu has to sign an indemnity bon
C. Thumimpression of Ashu has to be taken
D. Ashu needs to be medically examined
8. Ashok is a young married man with beautiful young wife and two kids. which types of insurance projects should he select?
A. Contingency funding
B. Health insurance
C. Housing Loan insurance
D. Retirement benefit insurance
9. The primary object of Fact-Finding is :
A. Giving comparison to customer
B. Need Identification of customer
C. To provide regulation information
D. To do the audit of customer
10. A person aged 28 yrs is looking for Term plan, Health plan, Endowment plan and Child plan. Which plan is the most Important for him?
A. Health Plan
B. Endowment Plan
C. Child Plan
D. Term Plan
11. In case of any unethical practices in sales followed by an insurance company the clea-cut impact will be shown in :
A. Claims ratio
B. TAT on complaints
C. Persistency ratio
D. Market share
12. What is the main objective of taking the life insurance policy?
A. Tax benefit
B. Savings
C. Investment
D. Protection
13. Under the IRDA guidelines for Claim settlement, any queries or additional documents can be demanded from the claimant within:
A. 5 days from the receipt of claim
B. 10 days from the receipt of claim
C. 15 days from the receipt of claim
D. 20 days from the receipt of claim
14. Pooling of insurance applies to
A. All types of insurance
B. All types of insurance except Motor insurance
C. Only life insurance
D. Only Non-life insurance
15. As per IRDA regulations, setting up of Internal Grievance Management System is mandatory for :
A. Large insurance companies
B. Life insurance companies
C. Nonlife insurance companies
D. All insurance companies
16. At what time of the proposal should the agent declare his commissions as per the Code of Conduct?
A. At the time of filing the proposal
B. While recommending the product
C. Whenever asked by the client
D. When the client has accepted the recommendation
17. What are the benefits to the policyholder under Surgical. care rider?
A. Number of days admitted in hospital & surgery expenses in full
B. Number of days admitted in hospital & surgery expenses in partial
C. Treatment cost of surgery subject to terms & conditions
D. Lump sum amount what he has incurred
18. If custonier has applied for a policy with 1 Lac SA then what is maximum Premium on which he can saave taxes?
A. Maximum 20,000
B. Maximum 100,000
C. Maximum 120,000
D. Maximum 150,000
19. After maturity In a Unit Linked Life Insurance Policy, customer does not receive maturity value in a lump sum. What is the possibility of receiving it in installments, if it is not a annuity plan :
A. He has switched his fund
B. He has opted for Settlement option
C. He has redirected his past premiums
D. Policy was lapsed at the time of maturity
20. When undertaking financial planning for individuals without capital, what savings need is likely to be addressed in every single case?
A. Emergency funds
B. Funds for children's savings
C. Funds for educational costs
D. House purchase funds
Electrician Books
Rs405 |
Rs405 |
Rs270 |
Rs278 |
|
Rs270 |
Rs279 |
Rs315 |
Rs315 |
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Rs216 |
Rs225 |
Rs180 |
Rs180 |
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Rs315 |
Rs279 |
Rs342 |
Rs279 |
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Rs505 |
Rs536 |
Rs217 |
Rs250 |
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Rs258 |
Rs299 |
Rs88 |
Rs101 |
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Rs387 |
Rs315 |
Rs360 |
Rs270 |
Rs245 |
Rs378 |
Rs459 |
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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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