IC38 Life - English Mock Test 1
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- Question 1 of 50
1. Question
Which among the following is the regulator for the insurance industry in India?
CorrectIncorrect - Question 2 of 50
2. Question
Which among the following is a secondary burden of risk?
CorrectIncorrect - Question 3 of 50
3. Question
Which among the following is a method of risk transfer?
CorrectIncorrect - Question 4 of 50
4. Question
Which among the following scenarios warrants insurance?
CorrectIncorrect - Question 5 of 50
5. Question
Which of the below insurance scheme is run by an insurer and not sponsored by the Government?
CorrectIncorrect - Question 6 of 50
6. Question
Risk transfer through risk pooling is called ________.
CorrectIncorrect - Question 7 of 50
7. Question
The measures to reduce chances of occurrence of risk are known as _____.
CorrectIncorrect - Question 8 of 50
8. Question
By transferring risk to insurer, it becomes possible ___________.
CorrectIncorrect - Question 9 of 50
9. Question
Origins of modern insurance business can be traced to __________.
CorrectIncorrect - Question 10 of 50
10. Question
In insurance context ‘risk retention’ indicates a situation where _____.
CorrectIncorrect - Question 11 of 50
11. Question
Which of the following statement is true?
CorrectIncorrect - Question 12 of 50
12. Question
Out of 400 houses, each valued at Rs. 20,000, on an average 4 houses get burnt every year resulting in a combined loss of Rs. 80,000. What should be the annual contribution of each house owner to make good this loss?
CorrectIncorrect - Question 13 of 50
13. Question
Which of the following statements is true?
CorrectIncorrect - Question 14 of 50
14. Question
Why do insurers arrange for survey and inspection of the property before acceptance of a risk?
CorrectIncorrect - Question 15 of 50
15. Question
Which of the below option best describes the process of insurance?
CorrectIncorrect - Question 16 of 50
16. Question
What is meant by customer lifetime value?
CorrectIncorrect - Question 17 of 50
17. Question
Identify the scenario where a debate on the need for insurance is not required.
CorrectIncorrect - Question 18 of 50
18. Question
As per the Consumer Protection Act, 1986, who cannot be classified as a consumer?
CorrectIncorrect - Question 19 of 50
19. Question
What does not go on to make a healthy relationship?
CorrectIncorrect - Question 20 of 50
20. Question
Which among the following is not an element of active listening?
CorrectIncorrect - Question 21 of 50
21. Question
Which among the following is not a characteristic of ethical behaviour?
CorrectIncorrect - Question 22 of 50
22. Question
____________ is not a tangible good.
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23. Question
_______________ is not an indicator of service quality.
CorrectIncorrect - Question 24 of 50
24. Question
In India _______________ insurance is mandatory.
CorrectIncorrect - Question 25 of 50
25. Question
One of the methods of reducing insurance cost of an insured is __________
CorrectIncorrect - Question 26 of 50
26. Question
A customer having complaint regarding his insurance policy can approach IRDA through
CorrectIncorrect - Question 27 of 50
27. Question
Consumer Protection Act deals with:
CorrectIncorrect - Question 28 of 50
28. Question
___________ has jurisdiction to entertain matters where value of goods or services and the compensation claim is up to 20 lakhs
CorrectIncorrect - Question 29 of 50
29. Question
In customer relationship the first impression is created:
CorrectIncorrect - Question 30 of 50
30. Question
Select the correct statement:
CorrectIncorrect - Question 31 of 50
31. Question
Active Listening involves:
CorrectIncorrect - Question 32 of 50
32. Question
The ______________ has jurisdiction to entertain complaints, where value of the goods or services and the compensation claimed is up to Rs.20 lakhs
CorrectIncorrect - Question 33 of 50
33. Question
Expand the term IGMS.
CorrectIncorrect - Question 34 of 50
34. Question
Which of the below consumer grievance redressal agencies would handle consumer disputes amounting between Rs. 20 lakhs and Rs. 100 lakhs?
CorrectIncorrect - Question 35 of 50
35. Question
Which among the following cannot form the basis for a valid consumer complaint?
CorrectIncorrect - Question 36 of 50
36. Question
Which of the below will be the most appropriate option for a customer to lodge an insurance policy related complaint?
CorrectIncorrect - Question 37 of 50
37. Question
Which of the below statement is correct with regards to the territorial jurisdiction of the Insurance Ombudsman?
CorrectIncorrect - Question 38 of 50
38. Question
How is the complaint to be launched with an insurance ombudsman?
CorrectIncorrect - Question 39 of 50
39. Question
What is the time limit for approaching an Insurance Ombudsman?
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40. Question
.) Which among the following is not a pre-requisite for launching a complaint with the Ombudsman?
CorrectIncorrect - Question 41 of 50
41. Question
Are there any fee / charges that need to be paid for lodging the complaint with the Ombudsman?
CorrectIncorrect - Question 42 of 50
42. Question
Can a complaint be launched against a private insurer?
CorrectIncorrect - Question 43 of 50
43. Question
Which among the following is an example of coercion?
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44. Question
Which among the following options cannot be insured by Ramesh
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45. Question
Which element of a valid contract deals with premium?
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46. Question
_____________ relates to inaccurate statements, which are made without any fraudulent intention.
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47. Question
________________ involves pressure applied through criminal means.
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48. Question
Which among the following is true regarding life insurance contracts?
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49. Question
Which of the below is not a valid consideration for a contract?
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50. Question
Which of the below party is not eligible to enter into a life insurance contract?
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