CSC RAP Exam Mock Test Free – PM Tech Solution

CSC RAP Insurance Exam Free Mock Test

Test Instruction's

Domain: IRDAI
Test Name: CSC RAP Insurance Exam
No of Questions: 25
Allocated Time: 30 Minutes
Passing Marks: 50%
Correct Answer Carries: 1 Marks
Wrong Answer Deduct: 0 Marks

*After the test is completed, you can view the correct answers to all questions by clicking on the View Result option.

The number of attempts remaining is 10

1 / 25

1) Competition amongst insurance companies will be beneficial to the insurance policyholders in the following manner.

a) They will provide choice of policies to customers

b) professionals and experts will come into insurance field to enlighten the customers

c) Rates of insurance products will be competitive

d) All of the options

2 / 25

2) In insurance contract both parties

a) Should have common intention

b) Common intention is not essential

c) Should be legally qualified

d) Should have common intention and should be legally qualified are correct

3 / 25

3) Sanjeev is an insurance expert who has rich experience in determining premium levels for product, what is his profile like

a) an actuary

b) loss adjuster

c) risk manager

d) underwriter

4 / 25

4) When the thumb impression of the proposer taken on the proposal form?

a) When First Premium Receipt is issued

b) When policy bond is issued

c) When client fills up proposal form

d) When proposer is illiterate

5 / 25

5) Investment by NRI(Non Resident Indian) will be

a) No risk

b) Low risk

c) Medium risk

d) High risk

6 / 25

6) Why does an insurer insist to assess an age proof document?

a) SA

b) Risk assessment

c) Identity verification

d) Financial assessment

7 / 25

7) Premium paid under a policy not to exceed _____ Percentage of sum insured to claim full tax exemption.

a) 40

b) 30

c) 20

d) 10

8 / 25

8) The basic threats which all of us may encounter to vanned extent are _______.

a) illness

b) Accident

c) Disability

d) Death

9 / 25

9) The insurance company issues ________ after accepting proposal.

a) First Premium Receipt

b) Renewal Premium Receipt

c) Deposit Receipt

d) None of the options

10 / 25

10) Which market does the Micro Insurance Concentrate on ?

a) People with large families

b) People with Low Income

c) Government Employees

d) people living in Metro cities

11 / 25

11) Fact finding sheet allows the agent to

a) Analyze customer needs

b) Select the product

c) Proof

d) Reference

12 / 25

12) A missing person is considered to be dead after

a) 5 years

b) 8 years

c) 12 years

d) 7 years

13 / 25

13) First Information Report (FIR) required for claims due to _______ .

a) Accidental death

b) Burglary

c) Riot and Strike damage

d) All of the options

14 / 25

14) What are the ways in which IRDA can be contacted? One is thru toll free number and other is

a) email

b) Insurance ombudsman

c) visiting regional office

d) Through Agents

15 / 25

15) Persistency has increased from 82 % in previous year to 86 % this year . That means

a) more lapsation

b) more attrition

c) less lapsation

d) No profits

16 / 25

16) Servicing the policy involves________ .

a) Change of address

b) Assignment

c) Change of nomination

d) All of the options

17 / 25

17) Consumer Forum at district level will hear complaints up to ______ .

a) 20L

b) 40L

c) 1Cr

d) 10L

18 / 25

18) Which Act or Regulation provides that the Renewal Commission is payable to the legal heirs of the insurance Agent?

a) IRDA Act 1999

b) IRDA Regulations 2000

c) Insurance Act 1938

d) Indian Contract Act 1872

19 / 25

19) What is the period of award passed to the customer decided by the ombudsman?

a) 2 months

b) 3 months

c) 5 months

d) 6 months

20 / 25

20) What is the advantage of converting physical gold assets to gold ETFs?

a) Liquidity

b) More gold in value

c) purity

d) More conversion value

21 / 25

21) Customer has opted for a 5 years guaranteed annuity option what will happen to annuity if the customer survives for 5 years after the end of guaranteed period.

a) Paid up to 75 years

b) Annuity will be continued for next 5 years

c) Till he dies

d) None of the options

22 / 25

22) The best way to prove that customer of a ULIP policy is given awareness about the commission paid to the agent is

a) Ask the insurer to give a policy endorsement letter

b) From the fact details

c) From signed copy of benefit illustration

d) From ticked column of proposal form

23 / 25

23) Why the Insurance contracts are voidable?

a) Breach of utmost good faith

b) Breach of indemnity

c) Both Breach of utmost good faith & Breach of indemnity are correct.

d) Both Breach of utmost good faith and Breach of indemnity are incorrect.

24 / 25

24) If a policy is endorsed under MWP Act the beneficiaries are wife and _____ .

a) Parents

b) Ex-Wife

c) Children

d) Mother

25 / 25

25) Certificate from the village panchayat ___________ .

a) Will be considered as standard age proof

b) Will be considered as non-standard age proof

c) Will not be accepted

d) All are wrong

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