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Category: IC24 – LEGAL ASPECTS OF LIFE ASSURANCE – 10

IC24 – LEGAL ASPECTS OF LIFE ASSURANCE – 10

Que. 1 : Q1) Who can take a policy under MWP Act 1874?

   1.  a) Married Men

   2.  b) Divorced Men

   3.  c) Widowed man

   4.  d) All of the above

Que. 2 : Q2) Which of the following is essential for an insurance contract?

   1.  a) Definition of risk

   2.  b) Premium

   3.  c) Amount of insurance

   4.  d) All of these

Que. 3 : Q3) Where the deceased at the time of his death had a fixed place of abode situate within the jurisdiction of such Judge, and such Judge certifies that the value of the property and estate beyond the limit of the State does not exceed ________________ .

   1.  a) Rs. 10,000

   2.  b) Rs. 20,000

   3.  c) Rs. 40,000

   4.  d) Rs. 50,000

Que. 4 : Q4) Which of the below is not a direct tax?

   1.  a) Wealth Tax

   2.  b) Income tax

   3.  c) Service Tax

   4.  d) Property Tax

Que. 5 : Q5) The complaint has to be made in writing within how many years from the date on which the cause of action has arisen?

   1.  a) 1 year

   2.  b) 2 years

   3.  c) 3 years

   4.  d) 4 years