Q 1. Under the facultative type of reinsurance, the case may be sent to more than one reinsurer, and the reinsuere who gives the most competitve offer is chosen by the insurance company. This is termed as ____________.
Q 2. The Memorand um of Foreign Exchange Regulations issued by RBI governs which of the following?
Q 3. Which of the following is FALSE with respect to insurable interest?
Q 4. A license issued under Section 42D shall remain in force for a period of _______ only from the date of issue.
Q 5. Under Section 108 of the Indian Evidence Act, 1872 if a person has not been heard of for ___________, there is a presumption which is rebuttable.
Q 6. A person is competent to contract if he
Q 7. Which of the following is correct about Assignment?
Q 8. What are all the elements of a Valid contract?
Q 9. FATF as used in Money Laundering stand s for
Q 10. Critical Illness policy eases the financial pressure of an individual by providing _______on diagnosis of covered condition
Q 11. In a critical illness rider the benefit is payable at the time of______
Q 12. Group Insurance plans are renewable on a yearly basis. Say whether True of False.
Q 13. Q13) Which of the following is correct about Nationality?
Q 14. A customer, Rajesh, agrees to pay Rs. 50 to the shopkeeper and the Shopkeeper in return agrees to give Rajesh a gift voucher having a value of Rs. 50. This is a set of promises which form consideration for each other. This is a set of promises which
Q 15. Under Section 80CCD deposits made by a Central Government employee or other employee upto an amount not exceeding _______ of his annual salary towards contribution to a pension scheme are deductible from his salary.
Q 16. In which year the Life insurance business in our country was nationalised ?
Q 17. Which of the following are the Salient Features of the Constitution of the Act?
Q 18. Vimal promises to obtain for Meena an employment in the public service, and Meena promises to pay Rs. 25,000 to Vimal. In this case Meena;s consideration will be classified as ____________.
Q 19. If the net wealth of an individual is Rs.35,00,000, then how much is the wealth tax payable by him?
Q 20. Which was the first legislation for insurance in India?
Q 21. Under which Section of the Act, any person who is of the age of majority according to the law to which he is subject, and who is of sound mind, may employ an agent?
Q 22. Section 10 of the Indian Contract Act states that all agreements are contracts if they are
Q 23. Which is an important source of law and serve as guidelines to deal with incidents in the absence of law?
Q 24. Which of the following is the conditions for group insurance coverage?
Q 25. Patents will be classified under what type of property?
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