IC14 REGULATION OF INSURANCE BUSINESS – 29


Que. 1 : Q1) In relation to money laundering, APG stands for ___________.

   1.  a) Anti Peso Group

   2.  b) Asia Profiteering Group

   3.  c) Asia Pacific Group

   4.  d) Advanced Pentagon Group

Que. 2 : Q2) For which of the following it is mandatory to purchase professional indemnity insurance?

   1.  a) Brokers

   2.  b) Corporate Agents

   3.  c) Insurance Agents

   4.  d) All of the above

Que. 3 : Q3) Micro Insurance Products are aimed for the protection of _____

   1.  a) Married Women

   2.  b) Senior Citizens

   3.  c) HNI or High Networth Individuals

   4.  d) Low Income Group from Rural areas

Que. 4 : Q4)With respect to membership of life insurance council, which of the following statements is NOT true ?

   1.  a) The Chairman has to be nominated by IRDAI

   2.  b) Five person connected with life insurance business

   3.  c) One non official not connected with insurance business

   4.  d) A Supreme court judge has to be a member

Que. 5 : Q5) What is the minimum qualification that the applicant for Insurance agent is required to possess for the areas that have population of less than 5000

   1.  a) Pass in 10th Std

   2.  b) Pass in 12th Std

   3.  c) Pass in Graduate level exam

   4.  d) No Minimum Qualification is required