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Category: IC83 GROUP INSURANCE – 06

IC83 GROUP INSURANCE – 06

Que. 1 : Q1) Which may be a fixed rate for all members or may be age of service related, with higher rates payable for older/longer serving members in order to reflect the increasing cost of benefit accrual with age and service?

   1.  a) Benefit rate

   2.  b) Contribution rate

   3.  c) Flat rate

   4.  d) Annual rate

Que. 2 : Q2) Equity component of the New Pension Scheme investment portfolio replicates a/an _______.

   1.  a) Exchange Traded Fund

   2.  b) Hybrid Mutual Fund

   3.  c) Equity Mutual Fund

   4.  d) Index

Que. 3 : Q3) In Atal Pension Yojana, Pension payment will start at the age of _______ years.

   1.  a) 40 years

   2.  b) 50 years

   3.  c) 60 years

   4.  d) 70 years

Que. 4 : Q4) What is the minimum number of employees in an establishment for it to come under the purview of the Payment of Gratuity Act, 1972?

   1.  a) 20 and above

   2.  b) Above 20

   3.  c) 10 and above

   4.  d) Above 10

Que. 5 : Q5) Which act covers factories and establishments with 10 or more employees and provides for comprehensive medical care to the employees and their families as well as cash benefits during sickness and maternity, and monthly payments in case of death or disablement?

   1.  a) The Workmen’s Compensation Act,1923

   2.  b) The Maternity Benefit Act, 1961

   3.  c) The Employees’ State Insurance Act, 1948

   4.  d) The Payment of Gratuity Act, 1972