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Category: IC92 ACTUARIAL ASPECTS – 07

IC92 ACTUARIAL ASPECTS – 07

Que. 1 : Q1) For reserving the margins used are much more prudent as compared to pricing. Say whether True of False.

   1.  a) True

   2.  b) False

   3.  

   4.  

Que. 2 : Q2) For insurers who have completed 10 years since registration as an insurer, the commission payment receivable in the first year shall not exceed___________.

   1.  a) 40%

   2.  b) 30%

   3.  c) 45%

   4.  d) 35%

Que. 3 : Q3) Selling insurance products depends upon which of the below factors?

   1.  a) Distribution network

   2.  b) Marketing and advertising

   3.  c) Efficiency of administrative staff

   4.  d) All of the above

Que. 4 : Q4) Economic utility refers to______________.

   1.  a) Usefulness in terms of money

   2.  b) Usefulness in terms of power

   3.  c) Usefulness in terms of society

   4.  d) Usefulness in terms of beauty

Que. 5 : Q5) Which system is regarded as ‘freedom with responsibility’?

   1.  a) Free System

   2.  b) Use & File System

   3.  c) ‘File & use’ system

   4.  d) None of these