Insurance MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7 Section 8 Section 9 Section 10

51.
Which of the following information is not contained in a Medical Examiner’s Report?

A. Previous policy particulars

B. Height, weight, BP of the proponent

C. Both A & B

D. None of the above

Answer & Solution Discuss in Board Save for Later

52.
When medical report of the life insured is essential?

A. Sum proposed or age is high

B. Medical characteristics of the proposer

C. Both A & B

D. None of the above

Answer & Solution Discuss in Board Save for Later

53.
What does moral hazard indicate?

A. The possibility that client would undertake dangerous expeditions after taking a policy

B. The possibility of ending own life or the life of another

C. Both the above instances

D. None of the three

Answer & Solution Discuss in Board Save for Later

54.
Moral Hazard Report is completed by _________

A. Official of the Company

B. Agent

C. Medical Examiner

D. Proposer

Answer & Solution Discuss in Board Save for Later

55.
To ascertain which of the following Age proof is not required:

A. Assessment of Risk profile

B. Premium paying capacity

C. Fixing the premium

D. All of the above

Answer & Solution Discuss in Board Save for Later

56.
Which is a not a standard age proof?

A. PAN card

B. Baptism Certificate

C. Service Register

D. Ration card

Answer & Solution Discuss in Board Save for Later

57.
Which is a standard age proof?

A. Horoscope

B. Ration card

C. PAN card

D. Self declaration

Answer & Solution Discuss in Board Save for Later

58.
As per PML Act, 2002, which came into effect from 2005, money laundering is punishable by

A. Rigorous imprisonment for 3 - 7 years

B. Fine of Rs.5 lakhs

C. Both A & B

D. None of the above

Answer & Solution Discuss in Board Save for Later

59.
What are the KYC documents?

A. Photo

B. Address proof

C. Proof of Identify

D. All of the above

Answer & Solution Discuss in Board Save for Later

60.
Objective of KYC guidelines is to prevent –

A. Identity theft

B. Financial fraud

C. Money laundering

D. All of the above

Answer & Solution Discuss in Board Save for Later

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Insurance MCQ Questions and Solutions with Explanations | Commerce

51. Which of the following information is not contained in a Medical Examiner’s Report?

Answer & Solution

52. When medical report of the life insured is essential?

Answer & Solution

53. What does moral hazard indicate?

Answer & Solution

54. Moral Hazard Report is completed by _________

Answer & Solution

55. To ascertain which of the following Age proof is not required:

Answer & Solution

56. Which is a not a standard age proof?

Answer & Solution

57. Which is a standard age proof?

Answer & Solution

58. As per PML Act, 2002, which came into effect from 2005, money laundering is punishable by

Answer & Solution

59. What are the KYC documents?

Answer & Solution

60. Objective of KYC guidelines is to prevent –

Answer & Solution

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51.
Which of the following information is not contained in a Medical Examiner’s Report?

52.
When medical report of the life insured is essential?

53.
What does moral hazard indicate?

54.
Moral Hazard Report is completed by _________

55.
To ascertain which of the following Age proof is not required:

56.
Which is a not a standard age proof?

57.
Which is a standard age proof?

58.
As per PML Act, 2002, which came into effect from 2005, money laundering is punishable by

59.
What are the KYC documents?

60.
Objective of KYC guidelines is to prevent –