Sunday, 17 November 2019

lic agent IC-38 exam set-54

 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-54

Online IC-38 Mock Test and training material for LIC agency

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IC-38 Online Mock Test for LIC agency Exam preparation SET-54

Qusetion : 1

What is similarity between recurring deposits and cumulati deposit in a bank
[A]. Guarantee [B].Tenure
[C].Taxation [D]. Lock in periods

Qusetion : 2

What does shopkeeper’s Insurance covers ?
[A]. Burglary and Housebreaking [B]. Machinery and Breakdown
[C]. Electronic Equipment and Appliances [D]. All of the Above

Qusetion :3

Insurers under right of subrogation are allowed to recover the loss paid from:
[A]. Railways and road carriers [B]. Airlines and porttrusts
[C]. Shipping companies [D]. All of the above

Qusetion : 4

As per the _______________, an agent is one who is licensed under Section 42 of the Act, authorized to be a salesman for insurance
[A]. Indian Contract Act [B]. Stamp Act
[C]. Insurance Act [D]. Income Tax

Qusetion : 5

What is the period of award passed to the customer decided by ombudsman?
[A]. 2months [B].3 months
[C].5 months [D]. 6 months

Qusetion : 6

A human being
[A]. Is an economic assest [B].Is a perishable asset
[C].Is an income earning assets [D]. All the above

Qusetion : 7

If a person chooses Cumulative deposit than Recurring deposit ,difference will be in
[A]. frequency of interest  calculation [B].Interest tax
[C].Tax [D]. Tenure

Qusetion : 8

The rates of assumed annual growth to be shared in the benefit illustration has been decided by which of the authority
[A]. IRDA [B].Life insurance council
[C].The Royal Bank [D]. SEBI

Qusetion : 9

Rahul switch from direct holding of shares to equity based mutual funds. The impact on risk  would be
[A]. Less transparent [B].More diversified
[C].Less return [D]. Steep rise

Qusetion : 10

 A human being
[A]. Is an economic assest [B].Is a perishable asset
[C].Is an income earning assets [D]. All the above

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