IC24 LEGAL ASPECTS OF LIFE ASSURANCE - 28
| Q1.Dharma in Smritis is generally understood as law and includes which kind of rules? |
| a) Religious |
| b) Moral |
| c) Legal |
| d) All of the above |
| Q2.____ means the legal declaration of the intention of the testator with respect to his property which he desires to be carried into effect after his death. |
| a) Will |
| b) Probate |
| c) Execution |
| d) Administration |
| Q3.Assessment is generally classified into how many processes? |
| a) 1 |
| b) 2 |
| c) 3 |
| d) 4 |
| Q4.Caveat emptor means |
| a) let the seller be aware |
| b) let the buyer be aware |
| Q5.Select the correct scenario in which Insurable Interest is deemed to Exist |
| a) A creditor has an insurable interest in the life of the debtor, to the extent of the debt |
| b) Partners have insurable interests in the lives of each other |
| c) A company has an insurable interest in the life of a key valuable employee. |
| d) All of the above |
| Q6.Which section of the Insurance Act stipulates that every application for the registration of an insurer shall be accompanied inter alia by a certified copy of the published prospectus? |
| a) Section 1 |
| b) Section 2 |
| c) Section 3 |
| d) Section 4 |
| Q7.Under which sources the authorities for the existing rules of law such as case law, legislation, custom, etc., Their importance varied with time, customs, now having a very minor role to play? |
| a) Legal sources |
| b) Literary source |
| c) Formal source |
| d) Historical source |
| Q8.Any requests for information sought under the RTI have to be disposed of by the CPIO \ SPIO within ____ |
| a) 30 days |
| b) 15 days |
| c) 7 days |
| d) 3 days |
| Q9.Who can appoint an adjudicating officer to find out whether any person has committed a contravention of any of the provisions of this Act or of any rule, regulation, direction, or order made? |
| a) State Government |
| b) Central Government |
| c) IRDA |
| d) RBI |
| Q10.Does the Indian Contract Act declare which of the following agreement be void? |
| a) Agreement in restraint of legal proceedings |
| b) Agreement in restraint of marriage of any person other than a minor |
| c) Agreement by way of wager |
| d) All of the above |
