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Question Paper For (Insurance Regulatory and Development Authority) IRDA Examination 1)  Insurance whole kit and caboodle on the principle of a Trust b Sharing c Randomness d alone of the above 2 Insurance is legitimate a when an adverse casualty is likely b When an adverse occurrent is unlikely c When an adverse happening is certain d In all the above three situations 3 Insurance benefits replace a All physical losses, in full b All physical losses, partly c All monetary losses, in full d The monetary losses, but only to some extent 4 Which one of the following statements is correct? a People weave to buy life redress because they are not certain of their needs b People hesitate to buy life insurance because they prefer to enjoy the present c two the statements are correct d Both the statements are wrong 5 Which is the right time for pickings life insurance?

a When you are about to watch married b Soon after you have got married c comely when you are joined a new job d All the three times are right 6 Retention of endangerment may be done agreeablely by a whacking corporations b Small companies c Single individuals d no(prenominal) of the three 7 A valuation is done by a life insurance company because a It is a statutory requirement b It is necessary to be able to declare dividends to shareholders c It tells the insurer how well it is managing the business d All of the above 8 The reason for charging aim premiums is a Risk increases as age increases b It is convenient to the policyholder c It is convenient to the insurer d All the above reasons 9 What does a premium depend upon? a The place of pietism visited by the person to be insured b The state of wellness of the policyholder c The decision of the underwriter d The report of the agent 10 postulate which one of the following statements is correct? a In meeting insurance, a single policy is issued covering many persons b A master policy covers servants of a master c Both the statements above are correct d Both the... If you want to concentrate a full essay, order it on our website: Orderessay

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