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IC38 English Mock Test-4

Que. 1 : The concept of ___________________ is defined as involving “a positive duty to voluntarily disclose, accurately and fully, all facts material to the risk being proposed, whether requested or not”.
   1.  Undue influence
   2.  Fraud
   3.  Mistake
   4.  “Uberrima fides”
Que. 2 : Which of the below is element of financial planning ?
   1.  Investing – allocating assets based on one’s risk taking appetite
   2.  Risk management
   3.  Financing one’s needs
   4.  All of the above
Que. 3 : Mr Kumar wants to transfer his property in the name of his Son Vijay, this is known as _________ planning
   1.  Estate Planning
   2.  Investment Planning
   3.  Retirement Planning
   4.  All of the above
Que. 4 : Which of the below is an example of Rider ?
   1.  Disability Income Benefit Rider
   2.  Waiver of premium Rider
   3.  Term Rider
   4.  All of the above
Que. 5 : In Secured risk profile Investment style is _____________
   1.  Accumulation
   2.  Consolidation
   3.  Spending
   4.  Estate Planning

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