IC83 GROUP INSURANCE - 17
Q1.In a voluntary plan, once they have satisfied this probationary period, they must join the scheme within a minimum stipulated period say ____, or otherwise have to provide some evidence of insurability. |
a) 30 days |
b) 45 days |
c) 50 days |
d) 60 days |
Q2.In case the employee is not paid his due amount of gratuity, in which' from' does the employee needs to submit an application to an employer? |
a) Form I |
b) Form II |
c) Form III |
d) Form IV |
Q3. Which of the following is a net return and it comprises of interest, dividend and other revenue derived from the plan assets and any realized or unrealized gain on the plan assets? |
a) Current service cost |
b) Interest Costs |
c) Expected Return on Plan Assets |
d) Actuarial Gain or loss |
Q4.Which schemes guarantee benefits based typically on final pensionable salary and years of service since joining the scheme etc., if the underlying investments of a defined benefit scheme underperform, then the employer may have to pay more money into the scheme to honor the guarantee? |
a) Employer to Decide |
b) Superannuation |
c) Defined Benefit Schemes |
d) Economic Schemes |
Q5.In the context of NPS, Asset Class C predominantly invests in Corporate Bonds |
a) TRUE |
b) FALSE |
Q6.The conversion option is normally restricted to lives accepted at the group standard rates. Say whether True or False. |
a) True |
b) False |
Q7.In case of accidental death of full disability, the payment of the nominee will be ____ in Pradhan Mantri Suraksha Bima Yojna, |
a) Rs.1,00,000 |
b) Rs.2,00,000 |
c) Rs.2,50,000 |
d) Rs.3,00,000 |
Q8.The maximum deposit of ___ can be made in a Public Provident Fund Scheme in any given financial year. |
a) Rs.25,000 |
b) Rs.50,000 |
c) Rs.75,000 |
d) 150,000/- |
Q9.What refers to all such services, amenities, and facilities to the employees that improve their working conditions as well as standard of living? |
a) Labour welfare |
b) Gratuity |
c) Share premium |
d) Free Reserves |
Q10.The accumulated fund may be very small if |
a) the member has a short period of service or is young |
b) the contributions rates to the scheme are low |
c) investment returns have been poor |
d) All of the above |