Menu Close

Category: IC83 GROUP INSURANCE – 07

IC83 GROUP INSURANCE – 07

Que. 1 : Q1) A typical _________ pattern may provide grades depending of grades in service/salary etc.,

   1.  a) Flat Rate

   2.  b) Graded Schedule

   3.  c) Average Salary

   4.  d) Final salary

Que. 2 : Q2) What may be expressed as a flat percentage of premium(Where the percentage varies according to group size) or it may be layered?

   1.  a) Expenses

   2.  b) Commissions

   3.  c) The required return

   4.  d) Risk

Que. 3 : Q3) Which are post-employment plans other than state plans that pool the assets of various entities that are not under common control and use those assets to provide benefit to employees of more than one entity?

   1.  a) Current Service Cost

   2.  b) Multi-Employer Plans

   3.  c) Fair value of plan assets

   4.  d) Present Value of Organization.

Que. 4 : Q4) Which pension arrangement are personal pensions, but are linked to an employer and it is established by an employer as a way of providing all or some of it employees with access to a pension plan of either of a life insurer or NPS?

   1.  a) Defined Benefit Schemes

   2.  b) Defined Contribution Schemes

   3.  c) Individual Pensions Plans

   4.  d) Group Personal Pensions

Que. 5 : Q5) If the bonus is declared only on an annual basis then it is called

   1.  a) Terminal bonus

   2.  b) Regular bonus

   3.  c) Interim bonus

   4.  d) None of these