ASSOCIATE - IC26 LIFE INSURANCE FINANCE - 03

Que. 1 : Q1) Debit all expenses and losses,Credit all incomes and gains will represent

   1.  a) Nominal accounts

   2.  b) Real accounts

   3.  c) Personal accounts

   4.  d) Artificial accounts

Que. 2 : Q2) ________ Claim Payment under the Hospitalization, Payment is made out of Unit Fund only. A Major Surgery Benefit B ICU Treatment Benefit C Domiciliary Treatment Benefit D Hospitalization Benefit

   1.  a) A

   2.  b) B

   3.  c) C

   4.  d) D

Que. 3 : Q3) The Term Integration in Money Laundering refers to?

   1.  a) stage where all the black money are accumulated in one place for placement

   2.  b) Investigation carried out in respect of suspicious transactions by financial institutions

   3.  c) A stage where the dirty money eventually merges into legitimate financial system as clean money

   4.  d) Washing of dirty money into clean money

Que. 4 : Q4) If you are suspicious of a transaction, which is the correct sequence of events?

   1.  a) Tell the client of your concern and cancel the transaction

   2.  b) Do not tell the client of your concern but continue with the transaction

   3.  c) Do not tell the client of your concern and cancel the transaction

   4.  d) Tell the client of your concern but continue with the transaction