IC83 GROUP INSURANCE - 02
| Q1.Riders are added to the base policy. Say whether True or False. |
| a) True |
| b) False |
| Q2.I open my PPF account on 1-4-2007. When it will mature? |
| a) 04/01/2024 |
| b) 31/03/2024 |
| c) 04/01/2023 |
| d) 04/01/2025 |
| Q3.Who was managing the investment under discretionary Fund Management where was the decision as to when an investor, where to invest, and how to invest vested absolutely with the Fund Manager? |
| a) IRDA |
| b) SEBI |
| c) SBI |
| d) PFRDA |
| Q4.How much maximum amount employee can contribute towards provident fund? |
| a) 8.33% of basic salary |
| b) 10% of basic salary |
| c) 12% of basic salary |
| d) 20% of gross salary |
| Q5.CBDT Notification No.100(F 44 A) /8/64 dated 21.10.1965 says deductable allowances in respect of contributions to an approved superannuation fund, which are not in the nature of ordinary annual contributions are limited to ___ of the amount actually paid by the employer. |
| a) 80% |
| b) 85% |
| c) 90% |
| d) 95% |
| Q6.In the case of Tier, I account amount withdrawn can be taken in a lump sum to a maximum limit of ___ and rest ____ of it is used to purchase an annuity from Life Insurance Company? |
| a) 40%; 60% |
| b) 50%; 50% |
| c) 70%; 30% |
| d) 60%; 40% |
| Q7.Which is an important piece of Labour Welfare Legislation enacted by the parliament to provide social security benefits to the workers? |
| a) Employees Provident Fund and; MP Act, 1952 |
| b) Income Tax Act, 1961 |
| c) Employees Deposit-Linked Insurance Scheme,1976 |
| d) Employee's Pension Scheme,1995 |
| Q8.In those cases of EDLI Claims where the date of death of a member has occurred prior to 1.9.2014, the benefits will be regulated on the basis of the wage ceiling limit of __ per month. |
| a) Rs.5000 |
| b) Rs.6500 |
| c) Rs.15000 |
| d) Rs.25000 |
| Q9.Inflation does which of the following to retirement planning? |
| a) Reduces the periodic savings required |
| b) Reduces the return generated by an investment |
| c) Increases the retirement corpus required |
| d) Increases the value of the corpus created |
| Q10.For Single premium group term insurance with long term, the maximum commission or remuneration in any form shall be __ percent of premium with a ceiling of Rs.2,00,000 per scheme. |
| a) 1% |
| b) 2% |
| c) 3% |
| d) 4% |