Related Questions

Raunak recently arranged a life insurance policy under which he is classed as the master policyholder. This addresses his role as
A A creditor
B A debtor
C An employee
D An employer
Which of the following types of life insurance policies pays the full sum assured to the beneficiaries if the insured dies during the policy term or to the policyholder on the maturity of the policy if he/she survives the term?
A Whole Life
B Endowment
C Money Back
D Unit Linked
Which of the below statement is correct with regards to a policy returned by a policyholder during the free look period?
A The insurance company will refund 100% of the premium
B The insurance company will refund 50% of the premium
C The insurance company will refund the premium after adjusting for proportionate risk premium for the period on cover, medical examination expenses and stamp duty charges
D The insurance company will forfeit the entire premium
In Unit Linked policies, the benefits are determined by the _________ of units credited to the policyholder’s account on the date on which payment is due.
A Growth
B Value
C Reduction
D Loss
What is paid by the insurer when the policyholder decides to discontinue the policy
A Forfeiture
B Surrender Value
C Intermediate Claim
D Lapse
Which of the following factors does not increase the bargaining power of a supplier?
A Substitutability
B Concentration of suppliers
C A buyer is important to the supplier
D High switching costs
Coefficient of adhesion reduces due to the presence of which of the following?
A Sand on rails
B Dew on rails
C Oil on the rails
D Both (B) and (C)
Due to which of the following coefficient of adhesion improves?
A Rust on the rails
B Dust on the rails
C Sand on the rails
D All of the above
The value of coefficient of adhesion will be high when rails are
A Greased
B Wet
C Sprayed with oil
D Cleaned with sand
If cohesion between molecules of a fluid is greater than adhesion between fluid and glass, then the free level of fluid in a dipped glass tube will be
A Higher than the surface of liquid
B The same as the surface of liquid
C Lower than the surface of liquid
D Unpredictable

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