IC14 REGULATION OF INSURANCE BUSINESS -11
| Q1.In the activity of Money Laundering, criminals try to conceal the true __ and __ of the profits from crime. |
| Quantity and quality |
| Ownership and objects |
| Origin and ownership |
| Obsessions and ownership |
| Origin and obscenities |
| Q2.An appeal will lie from the decision of the ____. |
| Grievance Redressal Authorities (GRA) |
| State Government |
| Consumer commission |
| Consumer authority |
| Q3.___ forum consists of President Judge of Supreme Court, members not less than four - one lady member. |
| National Commission |
| State Commission |
| District Forum |
| All of the above |
| None of the above |
| Q4.There should be an adjudication fee levied in respect of a claim before the _. |
| Consumer group |
| Grievance Redressal Authorities |
| Consumer authority |
| Consumer commission |
| Consumer councils |
| Q5.Which of these is NOT true about IRDAI? |
| Eliminates competition in the industry |
| Amends various laws related to insurance |
| Ensures competence in the industry |
| Protects the interests of policyholders |
| Enforces fair practices in the industry |
| Q6.Complaints against insurers are usually for which of the point(s) mentioned below? |
| Policy lapse claims |
| Policy servicing |
| Claims |
| Premiums |
| All of the above |
| Q7.Within how many days has the appeal against the order of IAT to be filed? |
| 10 days |
| 30 days |
| 45 days |
| 60 days |
| 90 days |
| Q8.The acts which regulate insurance are amended _____. |
| Quarterly |
| Yearly |
| When new schemes enter the market |
| When RBI and IRDAI decides |
| As and when needed |
| Q9.When has the 'Statement of Investment of Controlled Fund (life) , Compliance Report to be submitted? |
| Within 15 days, after every quarter |
| Within one month, after every quarter |
| Within one month, after every quarter |
| Within two months, after every quarter |
| Within 45 days, after every quarter |
| Q10.Who shall furnish to the policyholder a written acknowledgment of having registered a nomination? |
| Assignee |
| Assignor |
| IRDAI |
| Insurer |
| Policyholder |