IC83 GROUP INSURANCE - 14
| Q1.How many kinds of Additional Voluntary Contributions are there? |
| a) One |
| b) Two |
| c) Three |
| d) Four |
| Q2.An investor in NPS chooses the life cycle option. This means his asset allocation will be based on: |
| a) Holding period |
| b) Amount invested |
| c) Age |
| d) Risk profile |
| Q3. The interest credited to the Public Provident Fund is |
| a) Exempt from the tax |
| b) Allowed benefit of 80L |
| c) Fully-taxable income |
| d) None of the above |
| Q4.What means a specific portion or part of the underlying segregated unit-linked fund which is representative of the policyholder's entitlement in such funds? |
| a) Units |
| b) Fund value |
| c) Premium re-direction |
| d) Assured benefit |
| Q5.The subscription paid into the PPF account enjoys the tax benefit of: |
| a) Section 80C |
| b) Section 10 |
| c) Section 80CCC |
| d) Section 80D |
| Q6.What is the cost which arises because PVO increases due to the service rendered by the employees in the current period and it also includes employee's benefits which are not vested? |
| a) Fair value of Plan Assets |
| b) Past Service Cost |
| c) Present Value of Obligation |
| d) Current service cost |
| Q7.If premium = Rs. 100 and premium Allocation charge is 10% of the premium: then the charge: Rs.100 and Balance amount of premium is___. |
| a) Rs.800 |
| b) Rs.900 |
| c) Rs.1000 |
| d) Rs.1100 |
| Q8.Which scheme offers both defined benefit and defined contribution sections or benefits that are the greater of two amounts? |
| a) Pay as you go pension scheme |
| b) Hybrid schemes |
| c) Defined Benefit scheme |
| d) Defined Contribution scheme |
| Q9.Accounting for ____ is straightforward because the reporting enterprise's obligation for each period is determined by the amount to be contributed for that period. |
| a) Post-employment benefits |
| b) Defined benefit plans |
| c) Defined contribution plans |
| d) Long-term employee benefits |
| Q10.What is the amount at which an asset could be exchanged or a liability settled between knowledgeable parties? |
| a) Fair value of plan Assets |
| b) Past Service Cost |
| c) Present Value of Obligation |
| d) Current service cost |