Author name: Administrator

782. What is a separate facility that does not have any computer equipment but is a place where the knowledge workers can move after the disaster?

Disaster recovery plan
Hot site
Cold site
Disaster recovery cost curve
✅ The correct answer is C.
Cold site is a separate facility that does not have any computer equipment but is a place where the knowledge workers can move after the disaster. A cold site is a business location that is used for backup in the event of a disruptive operational disaster at the normal business site.

70. Which of the following enhances the earning capacity of an asset?

Reduction in operating costs
Increase in working capacity of an asset
Replacing damage parts of an asset
Both ‘b’ and ‘c’
✅ The correct answer is D.
Increase in working capacity of an asset and Replacing damage parts of an asset enhances the earning capacity of an asset.

785. The most important advantage of a joint stock company form of business organization is that _________.

the liability of its member is limited
members can conveniently transfer their shares
it offers infinite scope for expansion
it mobilizes vast amount of financial resources
✅ The correct answer is B.
The most important advantage of a joint stock company form of business organization is that members can conveniently transfer their shares. The shares of a company are transferable. Also, in the case of a listed public company they can also be sold in the market and be converted to cash.

787. Which of the below statement is correct with regards to a policy returned by a policyholder during the free look period?

The insurance company will refund 100% of the premium
The insurance company will refund 50% of the premium
The insurance company will refund the premium after adjusting for proportionate risk premium for the period on cover, medical examination expenses and stamp duty charges
The insurance company will forfeit the entire premium
✅ The correct answer is C.
The insurance company will refund the premium after adjusting for proportionate risk premium for the period on cover, medical examination expenses and stamp duty charges.

791. AML programme of an insurance company includes

Internal policies and controls
Appointment of a Principal Compliance Officer
Internal audit/control
All of the above
✅ The correct answer is D.
AML programme of an insurance company includes Internal policies and controls, Appointment of a Principal Compliance Officer and Internal audit/control.

762. Identify the correct statement out of the following ones.

In emergencies insurer may waive preauthorisation for entering into a hospital for treatment
In all cases preauthorisation either by the insurer or TPA is a must before getting admitted into a hospital
There is no provision for nomination in a health insurance cover
Summary of benefits, terms and conditions for each product in a health cover is not mandatory
✅ The correct answer is A.
In emergencies insurer may waive preauthorisation for entering into a hospital for treatment.
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