IC83 GROUP INSURANCE - 20
| Q1.The maximum contribution an employer can pay to Super Annulation Fund the scheme as a percentage of the salaries of the employees is: |
| a) 15% |
| b) 12% |
| c) 10% |
| d) 27% minus a percentage of PF contribution being paid by the employer |
| Q2.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 |
| Q3.Riders are added on the base policy. Say whether True or False. |
| a) True |
| b) False |
| Q4.The upper ceiling of the Investment Management Fees has been fixed at ___ p.a. of the Asset Under Management with effect from 1.11.2012 |
| a) 0.05% |
| b) 0.10% |
| c) 0.25% |
| d) 0.50% |
| Q5.How many PPF accounts can be opened in one name? |
| a) One |
| b) Two |
| c) Three |
| d) Five |
| Q6.In the context of group insurance,____ refers to setting a premium rate for the future coverage period by reflecting a group past experience, to the extent that it is credible and is expected to continue into the future. |
| a) Retrospective Experience Rating |
| b) Prospective Experience Rating |
| c) Pure Risk Premium |
| d) Expenses |
| Q7.Who may, without reference to the Central Board, sanction expenditure on contingencies, supplies and services, and purchase of articles required for administering the Insurance Fund, subject to financial provision? |
| a) Agent |
| b) Prinicipal |
| c) Commissioner |
| d) Customer |
| Q8.The cost of a benefit plan depends on which of the following? |
| a) The level of benefits granted |
| b) The actual financial experience of the Scheme |
| c) The actual scheme membership |
| d) All of the above |
| Q9.Which of the following is a government-backed pension scheme in India targeted at the unorganized sector? |
| a) Atal pension yojana |
| b) National pension system |
| c) Pradhan Mantri Jeevan Jyoti Bima yojana |
| d) Pradhan Mantri Suraksha Bima Yojana |
| Q10.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 |