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Category: IC23 APPLICATIONS OF LIFE INSURANCE – 09

IC23 APPLICATIONS OF LIFE INSURANCE – 09

Que. 1 : Q1) The islamic Insurance Company of Sudan was established in _______ as the first formalised Takaful provider, countries in the GCC followed soon.

   1.  a) 1959

   2.  b) 1969

   3.  c) 1979

   4.  d) 1989

Que. 2 : Q2) Employees’ Pension Scheme, 1995 replace which of the following?

   1.  a) Employees’ Provident Fund Scheme, 1952

   2.  b) Employees’ Deposit Linked Insurance Scheme, 1976

   3.  c) Employees’ Family Pension Scheme, 1971

   4.  d) Superannuation Scheme

Que. 3 : Q3) Which of the following Options are available for Pensions?

   1.  a) Employees’ Provident Fund Scheme, 1952

   2.  b) Employees’ Deposit Linked Insurance Scheme, 1976

   3.  c) Employees’ Family Pension Scheme, 1971

   4.  d) Superannuation Scheme

Que. 4 : Q4) Which of the following factors should be consider while buying insurance?

   1.  a) Lifestyle a person wants to provide for the family members

   2.  b) Any special needs, such as a disabled child or a child who will never be self-supporting

   3.  c) Inheritance a person would like to leave

   4.  d) All of the above

Que. 5 : Q5) What means the legal declaration of the intention of the testator with respect to his property which he desires to be carried into effect after death?

   1.  a) Probate

   2.  b) Executor

   3.  c) Will

   4.  d) Administrator