IC83 GROUP INSURANCE - 02
| Q1.Which entity acts as Central Record Keeping Agency for NPS? |
| a) NSDL |
| b) CDSL |
| c) IRDA |
| d) SBI |
| Q2.Member's personal contributions are restricted to __ of 'pensionable remuneration' as defined by the scheme rules up to maximum emerging benefits. |
| a) 10% |
| b) 15% |
| c) 20% |
| d) 25% |
| Q3.What would comprise of Paid-up capital plus Free Reserves including Share Premium but excluding Revaluation Reserves, plus investment Fluctuation Reserve and Credit Balance in Profit and Loss, less debit balance in profit and loss account, Accumulated losses, and Intangible Assets? |
| a) Net worth |
| b) Paid up share capital |
| c) Pensions funds |
| d) Interest rate |
| Q4.The amount received as the employer's contributions and also the Central Government's contributions to the Insurance Fund under sub-section 2 and 3 of Section 6 C shall be credited to an account called the ___. |
| a) Public Provident Fund |
| b) Deposit Linked Insurance Fund Account |
| c) Employees Provident Fund Schemes |
| d) None of these |
| Q5.Which act was framed for three types of benefits such as Contributory Provident Fund, Pensionary benefits to the employees, and insurance cover to the members of the Provident Fund? |
| a) Income Tax Act, 1961 |
| b) Employees Deposit-Linked Insurance Scheme,1976 |
| c) Employees Provident Fund and MP Act, 1952 |
| d) Employee's Pension Scheme,1995 |
| Q6.In the context of NPS, Asset Class G predominantly invests in Government Securities |
| a) TRUE |
| b) FALSE |
| Q7.How many types of Pension Schemes are there? |
| a) One |
| b) Two |
| c) Three |
| d) Four |
| Q8.All money belonging to the employee provident fund need to be deposited with______ |
| a) RBI |
| b) SBI |
| c) Scheduled Banks as may be approved by the Central Government |
| d) Any of the above |
| Q9.What means the process of creating the units at the prevailing unit price offered by the life insurer like when the premiums are received or when switches are made? |
| a) Discontinuance |
| b) Allocation |
| c) Disclosure |
| d) Authority |
| Q10.Suppose a PPF account was opened on 15th July 1990. When would be the maturity of this account? |
| a) 1st April 2006 |
| b) 31st Mar 2005 |
| c) 1st April 2005 |
| d) None of the above |