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Q (3):
What is the relation between investment horizon and returns?
Both are not related at all
Greater the investment horizon the larger the returns
Greater the investment horizon the smaller the returns
Greater the investment horizon more tax on the returns
Q (4):
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Q (6):
What is the name of First Fire Insurance Company in the world ?
Fire Office
Fire Insurance Co.
National Fire Insurance Co.
Global Fire Office.
Q (7):
Q (8):
If the material facts presented by the insured in the proposal are wrong than the insurance company can repudiate the policy within a period _ .
Upto 1 year
Upto 2 years
Upto 3 years
Upto 6 months
Q (9):
Section __ of the Insurance Act 1938 prohibits use of rebates as an inducement to take an insurance policy .
56B
46
52
41
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Q (13):
In MWP Act cases, the maturity claims cheques are paid to __.
policy holders
trustees
Both policy holders and trustees
Neither policy holders nor trustees
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Q (25):
Which among the following is a limitation of traditional life insurance products?
Yields on these policies is high
Clear and visible method of arriving at surrender value
Well defined cash and savings value component
The rate of return is not easy to ascertain
Q (26):
For the subsequent premiums received by the insurance company after the first premium, the company will issue ____.
Revival premium receipt
Restoration premium receipt
Reinstatement premium receipt
Renewal premium receipt
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Q (40):
Which of the following statements is true?
Insurance is a method of sharing the losses of a few by many
Insurance is a method of transferring the risk of an individual to another individual
Insurance is a method of transferring the gains of a few to the many
All of above
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50
0