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 |