IC24 - LEGAL ASPECTS OF LIFE ASSURANCE - 05

Que. 1 : Q1) How many months usually a Insurance company allow grace period for payment of premium from due date.

   1.  a) 1 months

   2.  b) 2 month

   3.  c) 3 month

   4.  d) 4 month

Que. 2 : Q2) _____________ is the insurance company that accepts the transfer of risk from the ceding company.

   1.  a) Reinsurance

   2.  b) Cede

   3.  c) Reinsurer

   4.  d) None of these

Que. 3 : Q3) Assessment is generally classified into how many process?

   1.  a) 1

   2.  b) 2

   3.  c) 3

   4.  d) 4

Que. 4 : Q4) Which of the following is Layering stage of Money Laundering?

   1.  a) Utilizing laundered money

   2.  b) Investing small amounts everyday

   3.  c) Moving funds to distance place

   4.  d) Introducing Illegal Profits into the Financial System

Que. 5 : Q5) The Indian Law classifies property as __________.

   1.  a) Real and Personal property

   2.  b) Movable and immovable property

   3.  c) Corporeal and incorporeal property

   4.  d) Tangible and intangible property