Tuesday, 20 August 2019

lic agent IC-38 exam set-17

 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-17

CHAPTER 17 : LIFE INSURANCE AGENCY AS A CAREER

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IC-38 Online Mock Test for LIC agency Exam preparation SET-16

Question-1

Direct marketing involves which of the below?
[A]. Telemarketing [B]. Insurance agents
[C]. Bancassurance [D]. All of the above

Question-2

As per Section 182 of the Indian Contract Act, _____ is a person employed to do any act for another or to represent another in dealing with a third person.
[A]. Principal Officer [B].Proxy
[C]. Mediator [D]. Agent

Question-3

IRDA has decided to implement guidelines on persistency from _______.
[A]. 1st July 2011 [B]. 1st July 2012
[C]. 1st July 2013 [D]. 1st July 2014

Question-4

An insurance broker represents _______.
[A]. Insurance company [B].Insured
[C].Association of insurance companies [D]. Community of people who have already taken insurance

Question-5

Before the composite licence could be renewed, the applicant needs to undergo renewal training of ________ from an approved institution.
[A]. 25 hours [B]. 50 hours
[C].35 hours [D]. 75 hours

Question-6

“Hurt not others with that which pains yourself”. This golden rule of ethics is given in the teaching of which religion?
[A]. Buddhism [B].Christianity
[C]. Hinduism [D]. Judaism

Question-7

An insurance agent is typically a representative of ______________.
[A]. Customer [B].Insurance company
[C].Government [D]. IRDA

Question-8

The license issued to the agent is valid for _________.
[A]. 50 hours [B].Two years
[C].Three years [D]. Five years

Question-9

Which of the below reflects Principle 2 of the Insurance Marketplace Standards Association (IMSA) principles?
[A]. To provide competent and customer-focused sales and service. [B].To engage in active and fair competition.
[C].To provide for fair and expeditious handling of customer complaints and disputes. [D]. To maintain a system of supervision and review that is reasonably designed to achieve compliance with these principles of ethical market conduct.

Question-10

When an applicant is seeking license for the first time, he / she is supposed to undergo ________of practical training (from an approved institution) in life insurance.
[A]. 25 hours [B].50 hours
[C].75 hours [D]. 100 hours

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