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Category: IC24 – LEGAL ASPECTS OF LIFE ASSURANCE – 12

IC24 – LEGAL ASPECTS OF LIFE ASSURANCE – 12

Que. 1 : Q1) According to Section 40A, any default in complying with this provision shall be punishable with fine which may extend upto _______.

   1.  a) Rs. 200

   2.  b) Rs. 300

   3.  c) Rs. 400

   4.  d) Rs. 500

Que. 2 : Q2) Which of the following was correct about the Section 106 of the Transfer of Property Act, 1982?

   1.  a) defines a lease

   2.  b) specifies the duration of the lease which requires registration

   3.  c) Provides how a lease can be made

   4.  d) enumerated the rights and liabilities of lessor and lessee.

Que. 3 : Q3) All instruments chargeable with duty and executed in India shall be stamped before or at the time of execution. Say whether True of False.

   1.  a) True

   2.  b) False

   3.  

   4.  

Que. 4 : Q4) Section 21 empowers the ______________ to give directions to the Corporation in matters of policy involving public interest and the Corporation shall be guided by such directions.

   1.  a) Central Government

   2.  b) State Government

   3.  c) IRDA

   4.  d) RBI

Que. 5 : Q5) Which chapter related to establishment and running of consumer protection councils at the Central and State levels and the Objects of the Council are to promote and Protect certain rights of consumers?

   1.  a) Chapter I

   2.  b) Chapter II

   3.  c) Chapter III

   4.  d) Chapter IV