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Category: IC83 GROUP INSURANCE – 05

IC83 GROUP INSURANCE – 05

Que. 1 : Q1) The subscription to a PPF account can be made in a year in not more than:

   1.  a) 12 installments

   2.  b) 2 installments

   3.  c) 1 installment

   4.  d) Any number of installment

Que. 2 : Q2) __________, whereby the employees are expected to pay for a portion of the insurance premium, are more difficult to administer and complicate the enrollment process?

   1.  a) Compulsory plans

   2.  b) Natural plans

   3.  c) Voluntary plans

   4.  d) None of these

Que. 3 : Q3) In Unit Linked Insurance Products, the minimum policy term of fund based group linked products shall be on which basis?

   1.  a) Quarterly

   2.  b) Half yearly

   3.  c) Annual

   4.  d) None of these

Que. 4 : Q4) Which scheme enabled the employers to pay contributions to the Government fund administered by the Central Board of Trustees appointed by the Government?

   1.  a) Income Tax Act, 1961

   2.  b) Employees Provident Fund Schemes, 1952

   3.  c) Employees Deposit-Linked Insurance Scheme,1976

   4.  d) Employee’s Pension Scheme,1995

Que. 5 : Q5) ____________ either on festive occasions or as a reward for their contribution in the high performance of the firm.

   1.  a) Remunerative wage structure

   2.  b) Bonus to the employee

   3.  c) Social security beneftis

   4.  d) None of these