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Category: IC02 PRACTICE OF LIFE INSURANCE – 20

IC02 PRACTICE OF LIFE INSURANCE – 20

Que. 1 : Q1) Which of these funds has the most risk ?

   1.  a) Equity Funds

   2.  b) Debt Funds

   3.  c) Balanced Funds

   4.  d) All have equal risk

Que. 2 : Q2) Who signs the receipt book after collecting premiums in Industrial Life Insurance?

   1.  a) Agent

   2.  b) Employer

   3.  c) Policy Holder

   4.  d) Insurer

Que. 3 : Q3) Candidates seeking Life Insurane Agency should complete practical training for _______ hours

   1.  a) 25 Hours

   2.  b) 30 Hours

   3.  c) 75 Hours

   4.  d) 50 Hours

Que. 4 : Q4) Who is authorised to draw a loan on a policy taken under the Married Women’s Property (MWP) Act ?

   1.  a) The Nominees

   2.  b) The insured’s wife

   3.  c) The insured’s children

   4.  d) The Appointed trustees

Que. 5 : Q5) Mr. Ayush was born 1st Feb 1980. On 16 May 2000 he is 20 years 3 months and 16 days old. What is his age nearer to his birthday ?

   1.  a) 20 years

   2.  b) 21 years

   3.  c) 20 years 3 months

   4.  d) 21 years 3 months