IC24 - LEGAL ASPECTS OF LIFE ASSURANCE - 19

Que. 1 : Q1) An insurance company is permitted to carry on other forms of business. Say whether True or False.

   1.  a) True

   2.  b) False

   3.  

   4.  

Que. 2 : Q2) Under which head will the Government classify funds received from divestment?

   1.  a) Revenue receipts

   2.  b) Capital receipts

   3.  c) Direct receipts

   4.  d) Indirect receipts

Que. 3 : Q3) An agreement not enforceable by law is said to be _________ .

   1.  a) Void

   2.  b) unenforceable contract

   3.  c) voidable contract

   4.  d) unlawful

Que. 4 : Q4) The main kinds of delegated legislation are

   1.  a) Orders in Council

   2.  b) Ministerial Regulations

   3.  c) Local authority and other bye laws

   4.  d) All of the above

Que. 5 : Q5) As per the provisions of the Copa which of the following is true with respect to establishment of consumer disputes redressal agencies?

   1.  a) The Act provides for the establishment of consumer disputes redressal agencies at three levels: City level, state level, national level

   2.  b) The Act provides for the establishment of consumer disputes redressal agencies at three levels: Panchayat level, district level, state level

   3.  c) The Act provides for the establishment of consumer disputes redressal agencies at three levels: district level, state level, national level

   4.  d) The Act provides for the establishment of consumer disputes redressal agencies at three levels: state level, national level, International level