IC14 REGULATION OF INSURANCE BUSINESS - 35

Que. 1 : Q1) GRA in Insurance stands for

   1.  a) General Insurance Redressal Authority

   2.  b) General Redressal Authority

   3.  c) Grievance Redressal Authority

   4.  d) Grievance Resolution Authority

Que. 2 : Q2) The total value of a Fund is Rs 100 Crore. The fund has 9 crore outstanding units. The NAV of one Unit will be

   1.  a) 10.11

   2.  b) 11.22

   3.  c) 11.11

   4.  d) 12.11

Que. 3 : Q3) What is the time period prescribed under PMLA for preservation of records under Prevention of Money Laundering and what is the time period during which suspicious transaction report is to be sent within ____ days of detection:

   1.  a) 2 years, 15 days

   2.  b) 4 years, 12 days

   3.  c) 5 years, 10 days

   4.  d) 10 years, 7 day

Que. 4 : Q4) Insurance Association of India has___________________councils.

   1.  a) 2

   2.  b) 3

   3.  c) 4

   4.  d) 5

Que. 5 : Q5) The_________________will recommend the name of technical members for selecting them in the GRA.

   1.  a) Judicial members

   2.  b) Chairman

   3.  c) Selection Committee

   4.  d) Permanent members