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Category: IC14 REGULATION OF INSURANCE BUSINESS – 26

IC14 REGULATION OF INSURANCE BUSINESS – 26

Que. 1 : Q1) Capital adequacy norms of an insurer specify the

   1.  a) maximum quantum of capital

   2.  b) minimum paid up equity capital

   3.  c) minimum reserve capital

   4.  d) maximum reserve capital

Que. 2 : Q2) ________ have to be deposited to make an appeal in Supreme Court.

   1.  a) Rs 25000

   2.  b) Rs 50000

   3.  c) Rs 75000

   4.  d) Rs 100000

Que. 3 : Q3) KYC norms include which of the below

   1.  a) Attaining the details for proper identification of new customers

   2.  b) Verifying addresses

   3.  c) Photographs

   4.  d) All of the above

Que. 4 : Q4) Mentioned below are some Insurance company stake holders. Which is the odd one out?

   1.  a) Underwriter

   2.  b) Government or regulator

   3.  c) Shareholder

   4.  d) Policyholder

Que. 5 : Q5) The national commission under consumer protection act can entertain a complaint where the compensation claimed exceeds Rs____.

   1.  a) 25 lakhs

   2.  b) 50 lakhs

   3.  c) 75 lakhs

   4.  d) 1 crores