[amp_mcq option1=”To provide competent and customer-focused sales and service” option2=”To engage in active and fair competition” option3=”To provide for fair and expeditious handling of customer complaints and disputes” option4=”To maintain a system of supervision and review that is reasonably designed to achieve compliance with these principles of ethical market conduct” correct=”option4″]
Insurance
2. The license issued to the agent is valid for _________.
[amp_mcq option1=”One year” option2=”Two years” option3=”Three years” option4=”Five years” correct=”option1″]
Detailed SolutionThe license issued to the agent is valid for _________.
3. Direct marketing involves which of the below?
[amp_mcq option1=”Telemarketing” option2=”Insurance agents” option3=”Bancassurance” option4=”All of the above” correct=”option4″]
Detailed SolutionDirect marketing involves which of the below?
4. Minimum qualification required for insurance agent is _________ pass.
[amp_mcq option1=”Graduate” option2=”10th” option3=”Post-graduate” option4=”7th” correct=”option1″]
Detailed SolutionMinimum qualification required for insurance agent is _________ pass.
5. Identify the statement which is not correct. Insurance agent should _________.
[amp_mcq option1=”Indicate the scale of commission if asked by the customer” option2=”Share the commission by way of rebate” option3=”Disclose his licence on demand” option4=”Indicate the premium to be charged” correct=”option2″]
Detailed SolutionIdentify the statement which is not correct. Insurance agent should _________.
6. The Authority may issue duplicate licence in case it is _________.
[amp_mcq option1=”Lost” option2=”Destroyed” option3=”Mutilated” option4=”All of the above” correct=”option4″]
Detailed SolutionThe Authority may issue duplicate licence in case it is _________.
7. Applicant shall complete _________ hours training to become an insurance agent.
[amp_mcq option1=”50″ option2=”100″ option3=”30″ option4=”25″ correct=”option2″]
Detailed SolutionApplicant shall complete _________ hours training to become an insurance agent.
8. Based on classification of claims (early or non-early), pick the odd one out?
[amp_mcq option1=”Ramya dies after 6 months of buying a term insurance plan” option2=”Manoj dies after one and half years of buying a term insurance plan” option3=”David dies after two and half years of buying a term insurance plan” option4=”Pravin dies after five and half years of buying a term insurance plan” correct=”option1″]
Detailed SolutionBased on classification of claims (early or non-early), pick the odd one out?
9. A payment made under a money-back policy upon reaching a milestone will be classified under which type of claim?
[amp_mcq option1=”Death claim” option2=”Maturity claim” option3=”Periodical survival claim” option4=”Surrender claim” correct=”option2″]
10. Given below are some events that will trigger survival claims. Identify which of the below statement is incorrect?
[amp_mcq option1=”Claim paid on maturity of a term insurance policy” option2=”An instalment payable upon reaching the milestone under a money-back policy” option3=”Claim paid for critical illnesses covered under the policy as a rider benefit” option4=”Surrender value paid on surrender of an endowment policy by the policyholder” correct=”option4″]