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MCQ and Quiz for Exams

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Insurance

1. A deductible is usually mentioned in

[amp_mcq option1=”Rupee” option2=”Dollar” option3=”Euro” option4=”Any currency” correct=”option4″]

Detailed SolutionA deductible is usually mentioned in

2. Which of the below tips are useful making a good first impression?

[amp_mcq option1=”Being on time always” option2=”Presenting yourself appropriately” option3=”Being open , confident and positive” option4=”All of the above” correct=”option4″]

Detailed SolutionWhich of the below tips are useful making a good first impression?

3. Which is a fixed amount for a covered service in the health sector?

[amp_mcq option1=”Coinsurance” option2=”Deductible” option3=”Copay” option4=”Health Insurance” correct=”option3″]

Detailed SolutionWhich is a fixed amount for a covered service in the health sector?

4. In costumer relationship the first impression is created

[amp_mcq option1=”By being confident” option2=”By being on time” option3=”By showing interest” option4=”By being on time , showing interest and being confident” correct=”option4″]

Detailed SolutionIn costumer relationship the first impression is created

5. Which of the below forms first part of a standard insurance policy document?

[amp_mcq option1=”Policy schedule” option2=”Standard provisions” option3=”Specific policy provisions” option4=”Claim procedure” correct=”option1″]

Detailed SolutionWhich of the below forms first part of a standard insurance policy document?

6. When an applicant is seeking license for the first time, he / she is supposed to undergo _________of practical training (from an approved institution) in life insurance.

[amp_mcq option1=”25 hours” option2=”50 hours” option3=”75 hours” option4=”100 hours” correct=”option2″]

Detailed SolutionWhen an applicant is seeking license for the first time, he / she is supposed to undergo _________of practical training (from an approved institution) in life insurance.

7. For the subsequent premiums received by the insurance company after the first premium, the company will issue _________.

[amp_mcq option1=”Revival premium receipt” option2=”Restoration premium receipt” option3=”Reinstatement premium receipt” option4=”Renewal premium receipt” correct=”option1″]

Detailed SolutionFor the subsequent premiums received by the insurance company after the first premium, the company will issue _________.

8. Where was the Universal Life Policy introduced first?

[amp_mcq option1=”USA” option2=”Great Britain” option3=”Germany” option4=”France” correct=”option1″]

Detailed SolutionWhere was the Universal Life Policy introduced first?

9. Investment in ULIPs is related to which section of the Income Tax Act?

[amp_mcq option1=”58C” option2=”65B” option3=”78A” option4=”80C” correct=”option4″]

Detailed SolutionInvestment in ULIPs is related to which section of the Income Tax Act?

10. The first part of the policy document deals with

[amp_mcq option1=”Policy claim settlement procedure” option2=”Policy schedule” option3=”Standard provisions” option4=”Specific policy provisions” correct=”option3″]

Detailed SolutionThe first part of the policy document deals with

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