1. Which of the Following, is an Objective of Redressal of Public Grievances Rules?
(i) Aim at Resolving the Complaints, Relating to the Settlement of Disputes.
(ii) Protection of Consumers' Interests.
(iii) Providing the Grievances to Consumers.'

2. Choose the Correct Expanded Form for I.G.M.S.

3. Describe an In-Tangible Product.

4. Name the Public Sector Life Assurance Company, formed as a Result of Nationalisation of Life Assurance in India.

5. ____ was established in the Year: 2000, as an In- Dependent Authority, to Regulate and Develop the Insurance Industry.

6. Select the True Statements.

7. Mr. Manish asks His Insurance-Advisor, the Primary Purpose of Insurance. Help Mr. Manish, Identify the Primary Purpose of Insurance, from the Following Options.

8. What Does, Un-Bundling of Life Assurance Products, refers to?

9. Mr. Mahesh is a Drug-Dealer. He doesn't have a Regular Job. He made Rupees 10 Lakhs, from Sale of Drugs. He can't buy a House or Car, etc., with the Money. If He does, the Government will get Suspicious, and start investigating the Drug-Dealer. So, the Drug-Dealer opens a Bar or Tavern, and pads the Books to show Huge Profits on the Tavern, and pays His Taxes on the Money. This is an Example of ___.

10. The Insured can resolve a Dispute, by approaching the Ombudsman, under ___.

11. Illustrate the Computation, a Person would use, to Determine the Current Value of a Desired Amount, for the Future.

12. Explain to us, Why, Young People are charged Less Life Assurance Premium, when compared to the Old People.

13. Insurance Act, 1938, prohibits the Use of Rebates, as an Inducement to take an Insurance Policy, under ___.

14. Identify a Product, that can be categorised under Transactional-Products.

15. ____ is an Example of an In-Tangible Product.

16. Pick an Attribute, that can be associated with Life Assurance Policies.

17. Mortgage-Redemption-Insurance (M.R.I.) is an Example of ___.

18. In Case of a Policy, effected under Married Women's Property (M.W.P.) Act, the Policy-Monies shall be Payable to ___.

19. Who, originally proposed the Concept of Human Life Value (H.L.V.)?

20. All of the Following, are the Advantages of Cash-Value Insurance-Contracts, Except ___.

21. Many Proposals are Underwritten and Accepted for Insurance, without calling for a Medical Examination. This Form of Underwriting, is referred to as ___.

22. All of the Following, are the Components of Unit- Linked Insurance-Plan (U.L.I.P.) Premiums, Except ___.

23. All of the Following, are the Dis-Advantages of Cash- Value Insurance-Contracts, Except ___.

24. Name the Term, used to denote the Rise in the General Level of Prices of Goods and Services, in an Economy, Over a Period of Time. Choose the Most Appropriate Option.

25. Which of the Following, has been recommended by Commission, that, the Grievance-Redressal Authorities (G.R.A.s) should be constituted, to deal with?
(i) Disputes between the Insured and the Insurer.
(ii) Disputes between the Insured and the Intermediaries.
(iii) Disputes between the Insurer and the Intermediaries.
(iv) Any Dispute between the Insured, the Insurer, and the Intermediaries.'