1st July, 2011
1st July, 2012
1st July, 2013
1st July, 2014
✅ The correct answer is D.
IRDA has implemented guidelines on persistency from 1st July, 2014.
IRDA has implemented guidelines on persistency from 1st July, 2014.
557. Return on assets = 5.5%, Total assets Rs 3,000 and common equity Rs 1,050 then return on equity would be
Rs 22,275.00
15.71%
1.93%
1.925 times
✅ The correct answer is B.
555. _________ may deal with more than one life insurance company or general insurance company or both.
An agent
A surveyor
A composite agent
None of the three
✅ The correct answer is C.
A composite insurance agent means an individual who is appointed as an insurance agent by two or more insurers, subject to the condition that he/she shall not act as insurance agent for more than one life insurer, one general insurer, one health insurer and one of each of the mono-line insurers.
A composite insurance agent means an individual who is appointed as an insurance agent by two or more insurers, subject to the condition that he/she shall not act as insurance agent for more than one life insurer, one general insurer, one health insurer and one of each of the mono-line insurers.
553. Market risk and diversifiable risk are two components of
stock’s risk
portfolio risk
expected return
stock return
✅ The correct answer is A.
Market risk and diversifiable risk are two components of stock’s risk. Risk in stock and bond investments is all about what might cause you to lose money on those investments.
Market risk and diversifiable risk are two components of stock’s risk. Risk in stock and bond investments is all about what might cause you to lose money on those investments.
550. Cost of product failure, error prevention and appraisals can be classified under
stocking costs
stock-out costs
costs of quality
shrinkage costs
✅ The correct answer is C.
Cost of product failure, error prevention and appraisals can be classified under costs of quality. Cost of quality (COQ) is defined as a methodology that allows an organization to determine the extent to which its resources are used for activities that prevent poor quality, that appraise the quality of the organization’s products or services, and that result from internal and external failures.
Cost of product failure, error prevention and appraisals can be classified under costs of quality. Cost of quality (COQ) is defined as a methodology that allows an organization to determine the extent to which its resources are used for activities that prevent poor quality, that appraise the quality of the organization’s products or services, and that result from internal and external failures.
547. If deposited money Rs 10,000 in bank pays interest 10% annually, an amount after five years will be
Rs 16,105.14
Rs 16,110.14
Rs 16,115.14
Rs 16,505.14
✅ The correct answer is A.
FV = PV ( 1 + r/100 )ⁿ
= 10000 ( 1 + 10/100)⁵
= Rs 16,105.14
FV = PV ( 1 + r/100 )ⁿ
= 10000 ( 1 + 10/100)⁵
= Rs 16,105.14
583. Percentage of overall gross margin is multiplied to final sales value of products total production is used to calculate
Gross margin in terms of amount of money
Gross margin in terms of separable costs
Gross margin in terms of total cost
Gross margin in terms of labour cost
✅ The correct answer is A.
Percentage of overall gross margin is multiplied to final sales value of products total production is used to calculate Gross margin in terms of amount of money.
Percentage of overall gross margin is multiplied to final sales value of products total production is used to calculate Gross margin in terms of amount of money.
580. In relation to annuities, what does “liquidation period” refer to?
Period between the purchase of annuity and commencement of payments
Period during which the insurer makes annuity payments
Time taken to build up the corpus
Insolvency period
✅ The correct answer is B.
“Liquidation period” refer to period during which the insurer makes annuity payments.
“Liquidation period” refer to period during which the insurer makes annuity payments.
577. An unlimited liability for business debts and less capital for growth are limitations of
proprietorship
personal business
Private Corporation
personal ownership
✅ The correct answer is A.
An unlimited liability for business debts and less capital for growth are limitations of proprietorship. Since the owner takes all the profits, he must also accept full personal responsibility for all the losses, even to the extent of his personal possessions.
An unlimited liability for business debts and less capital for growth are limitations of proprietorship. Since the owner takes all the profits, he must also accept full personal responsibility for all the losses, even to the extent of his personal possessions.
574. Which of the below party is not eligible to enter into a life insurance contract?
Business owner
Minor
House wife
Government employee
✅ The correct answer is B.
Minor is not eligible to enter into a life insurance contract. However, although a minor child has insurable interest in the life of his/her earning parents, but children can’t take insurance for parents because, as a minor, a child can’t enter into a contract.
Minor is not eligible to enter into a life insurance contract. However, although a minor child has insurable interest in the life of his/her earning parents, but children can’t take insurance for parents because, as a minor, a child can’t enter into a contract.