IC14 REGULATION OF INSURANCE BUSINESS -11

Q1.In the activity of Money Laundering, criminals try to conceal the true __ and __ of the profits from crime.
 Quantity and quality
 Ownership and objects
 Origin and ownership
 Obsessions and ownership
 Origin and obscenities

 

Q2.An appeal will lie from the decision of the ____.
 Grievance Redressal Authorities (GRA)
 State Government
 Consumer commission
 Consumer authority

 

Q3.___ forum consists of President Judge of Supreme Court, members not less than four – one lady member.
 National Commission
 State Commission
 District Forum
 All of the above
 None of the above

 

Q4.There should be an adjudication fee levied in respect of a claim before the _.
 Consumer group
 Grievance Redressal Authorities
 Consumer authority
 Consumer commission
 Consumer councils

 

Q5.Which of these is NOT true about IRDAI?
 Eliminates competition in the industry
 Amends various laws related to insurance
 Ensures competence in the industry
Protects the interests of policyholders
 Enforces fair practices in the industry

 

Q6.Complaints against insurers are usually for which of the point(s) mentioned below?
 Policy lapse claims
 Policy servicing
 Claims
 Premiums
 All of the above

 

Q7.Within how many days has the appeal against the order of IAT to be filed?
 10 days
 30 days
 45 days
 60 days
 90 days

 

Q8.The acts which regulate insurance are amended _____.
 Quarterly
 Yearly
 When new schemes enter the market
 When RBI and IRDAI decides
 As and when needed

 

Q9.When has the ‘Statement of Investment of Controlled Fund (life) , Compliance Report to be submitted?
 Within 15 days, after every quarter
 Within one month, after every quarter
 Within one month, after every quarter
 Within two months, after every quarter
 Within 45 days, after every quarter

 

Q10.Who shall furnish to the policyholder a written acknowledgment of having registered a nomination?
 Assignee
 Assignor
 IRDAI
 Insurer
Policyholder

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