IC22 Mock Test Sample 20
This set of questions focuses on life insurance underwriting, medical knowledge, and risk evaluation. It covers respiratory conditions like asthma affecting bronchial tubes, and medical facts such as bile storage, bone marrow function, and diabetes complications like ketoacidosis. It highlights underwriting concepts like automatic reinsurance for smaller risks, extra mortality ratings, and decision-making (postponement, acceptance with terms). It also explains methods of determining insurance cover (income replacement, needs analysis) and factors like medical sum at risk. Additionally, it includes nervous system functions, genetic disorders, and classification of standard risk, emphasizing accurate assessment of mortality and health risks in underwriting.
1. Asthma, a clinical syndrome affects which part of the respiratory system?
a) Lungs tissues
b) Air sacs
c) Bronchial tubes
d) All the above
2. Automatic Reinsurance is generally used for _______.
a) Smaller death benefits
b) Policies with higher premium
c) Policies with lower in-force amount
d) Only (a) & (c)
3. Which of the following is NOT a challenge faced by insurance underwriting?
a) Underwriting operations
b) Underwriting platforms
c) Growing need to innovate
d) Massive amount of new information
4. What would be the underwriter decision for an applicant diagnosed with Barrett’s oesophagus?
a) Low risk
b) Moderate risk
c) Increased mortality risk
d) No increase in mortality
5. Bile is made by the liver and stored in the ______.
a) Small intestine
b) Gall bladder
c) Pancreas
d) Stomach
6. Which of the following is NOT a method to evaluate insurance cover amount?
a) Income replacement method
b) Need analysis method
c) Income multiple method
d) Benefit analysis method
7. If extra mortality rating is 100%, what does it imply?
a) Standard risk
b) Double mortality risk
c) Risk not accepted
d) Accepted on special terms
8. This is done where mortality risk may reduce over time:
a) Take decision on risk
b) Postpone the risk
c) Accept with special terms
d) Decline the risk
9. Principal aim of diabetes treatment is:
a) Normalize blood sugar
b) Treat cardiovascular risk
c) Reverse symptoms
d) Both (a) & (b)
10. Which part controls voluntary actions of bones and joints?
a) Somatic nervous system
b) Autonomic nervous system
c) Central nervous system
d) Peripheral nervous system
11. Abnormal growth of thyroid gland can be in the form of:
a) Only (ii) & (iii)
b) Only (iii) & (iv)
c) Only (i) & (ii)
d) Only (i), (ii) & (iii)
12. Hereditary disorder where blood does not clot normally:
a) Haemophilia
b) Monocytes
c) Leukemia
d) Basophils
13. Non-medical / medical grids are generally a function of:
a) Only (i) & (ii)
b) Only (i) & (iv)
c) Only (i), (ii) & (iii)
d) Only (i), (ii) & (iv)
14. How is insurance cover calculated for HUF policies?
a) Total income of HUF
b) Multiple of income
c) Total property and income of Karta
d) Income × family members
15. ______ is the reinsurance company that transfers risk to another reinsurer.
a) Retrocession
b) Retention limit
c) Retrocedant
d) Cedant
16. Spongy material in bones producing blood cells is:
a) Bone marrow
b) Lymph nodes
c) Spleen
d) Vessels
17. Which statement is NOT true about medical sum-at-risk?
a) Helps decide medical tests
b) Used to calculate premium
c) Depends on sum assured and age
d) Helps in risk assessment
18. Primary function of ______ is to carry oxygen and carbon dioxide.
a) Red blood cells
b) White blood cells
c) Platelets
d) Bone marrow
19. Ketoacidosis is associated with:
a) Coronary artery disease
b) Hepatitis
c) Diabetes
d) Peptic ulcer
20. Standard risk range in life insurance is:
a) 75% – 125%
b) 50% – 100%
c) 20% – 100%
d) 75% – 100%
