Tuesday, 20 August 2019

lic agent IC-38 exam set-9

 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-9

CHAPTER 9 : PRACTICE QUESTIONS AND ANSWERS

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IC-38 Online Mock Test for LIC agency Exam preparation SET-9

Question-1

The practice of charging interest to borrowers who pledge their property as collateral but leaving them in possession of the property is called _____________.
[A]. Security [B]. Mortgage
[C].Usury [D]. Hypothecation

Question-2

Which of the below policy can provide protection to home loan borrowers?
[A]. Life Insurance [B].Disability Insurance
[C].Mortgage Redemption Insurance [D]. General Insurance

Question-3

Ajay pays insurance premium for his employees. Which of the below insurance premium will not be treated deductible as compensation paid to employee? Choice I: Health insurance with benefits payable to employee Choice II: Keyman life insurance with benefits payable to Ajay
[A]. I only [B].II only
[C].Both I and II [D]. Neither I nor II

Question-4

Which of the below option is true with regards to MWP act cases? Statement I: Death claims are settled in favour of nominees Statement II: Death claims are settled in favour of trustees
[A]. I is true [B]. II is true
[C]. Both I and II are true [D]. Neither I nor II is true

Question-5

Which of the below policy can provide protection to home loan borrowers?
[A]. Life Insurance [B].Disability Insurance
[C].Mortgage Redemption Insurance [D]. General Insurance

Question-6

Mahesh ran a business on borrowed capital. After his sudden demise, all the creditors are doing their best to go after Mahesh’s assets. Which of the below assets is beyond the reach of the creditors?
[A]. Property under Mahesh’s name [B].Mahesh’s bank accounts
[C]. Term life insurance policy purchased under Section 6 of MWP Act [D]. Mutual funds owned by Mahesh

Question-7

Which of the below option is true with regards to MWP Act cases? Statement I: Maturity claims cheques are paid to policyholders Statement II: Maturity claims cheques are paid to trustees
[A]. I is true [B].II is true
[C].Both I and II are true [D]. Neither I nor II is true

Question-8

Which of the below option is true with regards to MWP act cases? Statement I: Death claims are settled in favour of nominees Statement II: Death claims are settled in favour of trustees
[A]. I is true [B]. II is true
[C]. Both I and II are true [D]. Neither I nor II is true

Question-9

Ajay pays insurance premium for his employees. Which of the below insurance premium will not be treated deductible as compensation paid to employee? Choice I: Health insurance with benefits payable to employee Choice II: Keyman life insurance with benefits payable to Ajay
[A]. I only [B].II only
[C].Both I and II [D]. Neither I nor II

Question-10

The practice of charging interest to borrowers who pledge their property as collateral but leaving them in possession of the property is called _____________.
[A]. Security [B]. Mortgage
[C].Usury [D]. Hypothecation

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 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus in HINDI # SET-30 ...