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Category: IC14 REGULATION OF INSURANCE BUSINESS – 09

IC14 REGULATION OF INSURANCE BUSINESS – 09

Que. 1 : Q1) The part of the money laundering process where a criminal gets access to the money is

   1.  a) Accessing

   2.  b) Legitimising

   3.  c) Layering

   4.  d) Integration

Que. 2 : Q2) The appellate authority constituted by a notification of the Central Govt. was wound up sue to the constitution of ___________

   1.  a) IRDAI

   2.  b) SEBI

   3.  c) Insurance Appellate Tribunal

   4.  d) Grievance Redressal Authorities (GRA)

Que. 3 : Q3) An appeal in front the State Commission against the decision of the district forum must be within _________ days

   1.  a) 15

   2.  b) 30

   3.  c) 45

   4.  d) 60

Que. 4 : Q4) Who among the following is not a Low Risk Customer?

   1.  a) Salaried Employees

   2.  b) Firms with Sleeping Partners

   3.  c) Government Owned Companies

   4.  d) People belonging to Lower Economic strata of the society

Que. 5 : Q5) Payment of Annual Fees relates to

   1.  a) Insurance Broker

   2.  b) Corporate Insurance Agent

   3.  c) Individual Insurance Agent

   4.  d) None of the above has to pay Annual fees