Que. 1 : In the case of life insurance, there is no question whether the event deathwould occur or not. Death is ______________________ once a person is born. What is uncertain is the time of death. Lifeinsurance thus provides protection against the risk of premature death
   1.  Uncertain
   2.  Certain
   3.  All of the above
   4.  None of the above
Que. 2 : In the case of life insurance, there is no question whether the event death would occur or not. ___________________ is certain once a person is born. What is uncertain is the time of death. Life insurance thus provides protection against the risk of premature death.
   1.  Time of death
   2.  Death
   3.  All of the above
   4.  None of the above
Que. 3 : In the case of life insurance, there is no question whether the event death would occur or not. Death is certain once a person is born. What is uncertain is the ___________________. Life insurance thus provides protection against the risk of premature death.
   1.  Time of death
   2.  Death
   3.  All of the above
   4.  None of the above
Que. 4 : __________________________________________: In general insurance, in case of perils like fire or earthquake, the probability ofthe happening of the event doesnot increase with time.
   1.  Decrease in probability
   2.  Increase in probability
   3.  All of the above
   4.  None of the above
Que. 5 : Increase in probability: In_________________________________ , in case of perils like fire or earthquake, the probability o fthe happening of the event does not increase with time.
   1.  Life Insurance
   2.  General insurance
   3.  All of the above
   4.  None of the above
Que. 6 : In case of ___________________ the probability of death increases with age.
   1.  Life Insurance
   2.  General insurance
   3.  All of the above
   4.  None of the above
Que. 7 : Which of the below is a component of level premium ?
   1.  Cash value element
   2.  Term or protection component
   3.  All of the above
   4.  None of the above
Que. 8 : The level premium has two components. i. The first is known as the______________________, consisting of that portion of premium actually needed to pay the cost of the risk. ii. The second is known as the cash value element. It is made up of accumulated excess payments of the policyholder. It constitutes the savings component.
   1.  Cash value element
   2.  Term or protection component
   3.  All of the above
   4.  None of the above
Que. 9 : The level premium has two components. i. The first is known as the term or protection component, consisting of that portion of premium actually needed to pay the cost of the risk. ii. The second is known as the _________________________. It is made up ofaccumulated excess payments of the policyholder. It constitutes the savings component.
   1.  Cash value element
   2.  Term or protection component
   3.  All of the above
   4.  None of the above
Que. 10 : Under ______________________ the funds are spread out among various assets (placing the eggs in different baskets).
   1.  Mutuality
   2.  Diversification
   3.  All of the above
   4.  None of the above

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