1. ________covers the essential elements of a person's financial affairs and is aimed at achieving a person's financial goals.
a.Financial planning
b.Family planning
c.Elementary planning
d. None of these
2.The period of time for which investments made in an investment option cannot be withdrawn.
a. Plan term
b. Premium paying term
c. Lock-in period
d. None of these
3. The actual ownership interest in a specific asset or group of assets is known as ____
a. Asset management
b. Cover
c. Corpus
d. Equity
4. A provision that places a time limit - up to two years - on a life insurance company´s right to deny payment of a claim because of suicide or a material misrepresentation on your application.
a. Indemnity
b. Interpleader
c. Incontestability
d. Precertification
5. A business professional who analyzes the financial consequences of risk is called as a/an________.
a. Actuary
b. Administrator
c. Nominee
d. Advisor
6. _____is a defined benefit plan and is one of the many retirement benefits offered by the employer to
the employee upon leaving his job.
a. Annuity
b. Beneficiary
c. Coverage
d. Gratuity
7. A type of reinsurance in which the reinsurer can accept or reject any risk presented by an insurance company seeking reinsurance.
a. Family Insurance.
b. FireReinsurance
c. Facultative Reinsurance
d. None of these
8. Fraudulent use or taking of another's property or money which has been entrusted to one's care.
a. Embezzelment
b. Depreciation
c. Risk
d. None of the above
9. A claim on property, such as a mortgage, a lien for work and materials, or a right of dower. The interest of the property owner is reduced by the amount of the encumbrance.
a. Dividend
b. Encumbrance
c. Liquidity
d. None of the above
10. Full form of BCAR?
a. BANK'S CURRENT ACCOUNT RELATIVITY
b. BEST’S CAPITAL AUTHORITY RELATIVITY
c. BANK'S CAPITAL ADEQUACY RELATIVITY
d. BEST’S CAPITAL ADEQUACY RELATIVITY
Answers:-
1. a
2. c
3. d
4. c
5. a
6. d
7. c
8. a
9. b
10. d
a.Financial planning
b.Family planning
c.Elementary planning
d. None of these
2.The period of time for which investments made in an investment option cannot be withdrawn.
a. Plan term
b. Premium paying term
c. Lock-in period
d. None of these
3. The actual ownership interest in a specific asset or group of assets is known as ____
a. Asset management
b. Cover
c. Corpus
d. Equity
4. A provision that places a time limit - up to two years - on a life insurance company´s right to deny payment of a claim because of suicide or a material misrepresentation on your application.
a. Indemnity
b. Interpleader
c. Incontestability
d. Precertification
5. A business professional who analyzes the financial consequences of risk is called as a/an________.
a. Actuary
b. Administrator
c. Nominee
d. Advisor
6. _____is a defined benefit plan and is one of the many retirement benefits offered by the employer to
the employee upon leaving his job.
a. Annuity
b. Beneficiary
c. Coverage
d. Gratuity
7. A type of reinsurance in which the reinsurer can accept or reject any risk presented by an insurance company seeking reinsurance.
a. Family Insurance.
b. FireReinsurance
c. Facultative Reinsurance
d. None of these
8. Fraudulent use or taking of another's property or money which has been entrusted to one's care.
a. Embezzelment
b. Depreciation
c. Risk
d. None of the above
9. A claim on property, such as a mortgage, a lien for work and materials, or a right of dower. The interest of the property owner is reduced by the amount of the encumbrance.
a. Dividend
b. Encumbrance
c. Liquidity
d. None of the above
10. Full form of BCAR?
a. BANK'S CURRENT ACCOUNT RELATIVITY
b. BEST’S CAPITAL AUTHORITY RELATIVITY
c. BANK'S CAPITAL ADEQUACY RELATIVITY
d. BEST’S CAPITAL ADEQUACY RELATIVITY
Answers:-
1. a
2. c
3. d
4. c
5. a
6. d
7. c
8. a
9. b
10. d
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