IC83 GROUP INSURANCE - 20

Que. 1 : Q1) Which of the following is division of Treaty insurance?

   1.  a) Surplus arrangement

   2.  b) Proproational Reinsurance

   3.  c) Quota Share Arrangement

   4.  d) None of these

Que. 2 : Q2) When plan is amended or suspended such that a material element of future service by current employees does not qualify for benefit or qualify for reduced benefit, ____________ occurs.

   1.  a) Settlement

   2.  b) Actuarial Gain

   3.  c) Curtailments

   4.  d) Actuarial Loss

Que. 3 : Q3) What maximum amount can be invested per year under New Pension Scheme?

   1.  a) No limit on maximum contribution per year

   2.  b) 6,000

   3.  c) 70,000

   4.  d) 1,00,000

Que. 4 : Q4) 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?

   1.  a) Net worth

   2.  b) Paid up share capital

   3.  c) Pensions funds

   4.  d) Interest rate

Que. 5 : Q5) What is a common asset pool meant generate stable growth over the long term, and provide pensions for employees when they reach the end of their working years and commence retirement?

   1.  a) Curtailments

   2.  b) Settlement

   3.  c) Pension Funds

   4.  d) Interest funds