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Category: IC24 – LEGAL ASPECTS OF LIFE ASSURANCE – 18

IC24 – LEGAL ASPECTS OF LIFE ASSURANCE – 18

Que. 1 : Q1) Section 3 defines the offence of money-laundering as whosoever directly or indirectly:

   1.  a) attempts to indulge

   2.  b) knowingly assists

   3.  c) knowingly is a party

   4.  d) All of these

Que. 2 : Q2) In the UK, the Insurance Companies Act, 1982 classifies insurance business into ___________ .

   1.  a) Short term business and general business

   2.  b) Long term business and general business

   3.  c) Long term business and Short term business

   4.  d) Short term business, medium term business and long term business

Que. 3 : Q3) The life Insurance companies are required to design suitable questionnaires to be used by their agents which was commonly called as?

   1.  a) Searching

   2.  b) Fact Find

   3.  c) Investing

   4.  d) Surrounding

Que. 4 : Q4) Which of the following comes under Indirect taxes?

   1.  a) Income tax

   2.  b) Corporate tax

   3.  c) Sales tax

   4.  d) Property tax

Que. 5 : Q5) Which documents is not accepted as a valid photo ID Proof?

   1.  a) PAN Card

   2.  b) Driving licence

   3.  c) Bank passbook

   4.  d) Passport