IC24 LEGAL ASPECTS OF LIFE ASSURANCE - 12
Q1.Under the Constitution, laws related to matters enumerated in the concurrent list are made by ___. |
a) Parliament only |
b) State Legislature only |
c) Both Parliament and State Legislatures |
d) Both- State Legislatures and Municipal Corporations |
Q2.As per provisions of COPA who of the below can be a consumer? |
a) The policyholder in a contract of life insurance can be a consumer |
b) A beneficiary of the policy under the MWP Act can be a consumer |
c) A nominee under Section 39 of the Insurance Act 1938 can be a consumer |
d) Any of the above can be a consumer |
Q3.What is a contract made by word of mouth or implied by the conduct of parties? it cannot be enforced unless it is supported by a valuable consideration? |
a) Specialty contract |
b) Simple Contract |
c) Contingent contract |
d) None of these |
Q4.Which of the following is correct about Citizenship? |
a) It determines the civil rights of a person, natural or artificial particularly with reference to international law |
b) All nationals may not be citizens of the State |
c) Citizens are those persons who have full political rights |
d) It has reference to the jural relationship which may arise for consideration under international law. |
Q5.In case an assignee is a minor, ____ needs to be appointed. |
a) Guardian |
b) Appointee |
c) Representative |
d) Minor cannot be appointed assignee |
Q6.All instruments chargeable with duty and executed in India shall be stamped before or at the time of execution. Say whether True or False. |
a) True |
b) False |
Q7.Section 21 empowers the _____ to give directions to the Corporation in matters of policy involving public interest and the Corporation shall be guided by such directions. |
a) Central Government |
b) State Government |
c) IRDA |
d) RBI |
Q8.According to Section 40A, any default in complying with this provision shall be punishable with a fine which may extend upto ____. |
a) Rs. 200 |
b) Rs. 300 |
c) Rs. 400 |
d) Rs. 500 |
Q9.Which of the following was correct about Section 106 of the Transfer of Property Act, 1982? |
a) defines a lease |
b) specifies the duration of the lease which requires registration |
c) Provides how a lease can be made |
d) enumerated the rights and liabilities of lessor and lessee. |
Q10.Name the person to whom the entire estate is bequeathed? |
a) Universal legatee |
b) Residuary legatee |