IC14 REGULATION OF INSURANCE BUSINESS - 21

Que. 1 : Q1) Within how many days has the appeal against order of IAT to be filed ?

   1.  a) 10 days

   2.  b) 30 days

   3.  c) 45 days

   4.  d) 60 days

Que. 2 : Q2) How is the refund of premium paid to the insured ?

   1.  a) Only in cash

   2.  b) By Demand Draft

   3.  c) By Pay Order

   4.  d) By Crossed cheque

Que. 3 : Q3) The policy administrative charges for a ULIP cannot be_______________.

   1.  a) more than 1% per annum

   2.  b) more than 2% per annum

   3.  c) more than 3% per annum

   4.  d) more than 5% per annum

Que. 4 : Q4) When a person attempts to dispose the cash that arises from drug trafficking by Buying a Single Premium Endowment Policy with an Insurance Company , Which stage of Money Laundering Process is that?

   1.  a) placement

   2.  b) layering

   3.  c) integration

   4.  d) replacement

Que. 5 : Q5) The state commission deals With the complaints where value of goods and services exceeds

   1.  a) Rs. 20 lac but does not exceed Rs. 50 lac .

   2.  b) Rs. 20 lac but does not exceed Rs. 75 lac.

   3.  c) Rs. 20 lac but does not exceed Rs. 1 crore

   4.  d) no such limit is fixed.