Free Ic 38 Corporate Agents Composit

IC-38 Corporate agents
Composit
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Total time 180 mins
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IC-38 Corporate agents Composit Question Paper
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IC-38 Corporate agents Composit
Duration: 180 mins Max Score: 630
Test Instructions
1. The total duration of the paper is 180 minutes.
2. The maximum marks of the paper is 210.
3. The paper consist of Multiple Choice Question (MCQ) out of which only one option is correct.
4. Your answers will be saved on the server periodically and also at the end of the examination.
The examination will stop automatically at the end of exam.
Color coding for type s of Q ue stions
Code Type of Q ue stion

Single Option Correct Multiple Choice Question
One or More Options Correct Multiple Choice Question with Multiple Answers
Numerical Numerical
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Q. 1 Single Option Correct +3 -1
Risk transfer through risk pooling is called ________.
A. Savings
B. Investments
C. Insurance
D. Risk mitigation
This is the preview of IRDA Exam 2018 Question Paper. To view all questions -
Download IC-38 Corporate agents Composit PDF
By transferring risk to insurer, it becomes possible ___________.
A. To become careless about our assets

B. To make money from insurance in the event of a loss
C. To ignore the potential risks facing our assets
D. To enjoy peace of mind and plan one’s business more effectively
In insurance context ‘risk retention’ indicates a situation where _____.
A. Possibility of loss or damage is not there

B. Loss producing event has no value
C. Property is covered by insurance
D. One decides to bear the risk and its effects
Out of 400 houses, each valued at Rs. 20,000, on an average 4 houses get burnt every year
resulting in a combined loss of Rs. 80,000. What should be the annual contribution of each
house owner to make good this loss?
A. Rs.100/-
B. Rs.200/-
C. Rs.80/-
D. Rs.400/-
Why do insurers arrange for survey and inspection of the property before acceptance of a
risk?
A. To assess the risk for rating purposes

B. To find out how the insured purchased the property
C. To find out whether other insurers have also inspected the property
D. To find out whether neighbouring property also can be insured
_____________ is not a tangible good.
A. House
B. Insurance
C. Mobile Phone
D. A pair of jeans
In India _______________ insurance is mandatory .
A. Motor third party liability

B. Fire insurance for houses
C. Travel insurance for domestic travel
D. Personal accident
A customer having complaint regarding his insurance policy can approach IRDA through
A. IGMS
B. District Consumer Forum
C. Ombudsman
D. IGMS or District Consumer Forum or Ombudsman
___________ has jurisdiction to entertain matters where value of goods or services and the
compensation claim is up to 20 lakhs
A. High Court
B. District Forum
C. State Commission
D. National Commission
Select the correct statement:
A. Ethical behaviour is impossible while selling insurance

B. Ethical behaviour is not necessary for insurance agents
C. Ethical behaviour helps in developing trust between the agent and the insurer
D. Ethical behaviour is expected from the top management only
The correct option is IV.
Active Listening involves paying attention to the speaker, giving an occasional nod and
smile and providing feedback
A. Insurance General Management System

B. Indian General Management System
C. Integrated Grievance Management System
D. Intelligent Grievance Management System
Which among the following cannot form the basis for a valid consumer complaint?
A. Shopkeeper charging a price above the MRP for a product

B. Shopkeeper not advising the customer on the best product in a category
C. Allergy warning not provided on a drug bottle
D. Faulty products
Which of the below statement is correct with regards to the territorial jurisdiction of the
Insurance Ombudsman?
Please Download PDF to view complete question paper
with answers for IC-38 Corporate agents Composit
Download PDF
Or You can take this test in a live paper like environment online only on
Exambazaar by clicking the link IC-38 Corporate agents Composit
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IC-38 Corporate agents

Total time 180 mins

IC-38 Corporate agents Composit

Duration: 180 mins Max Score: 630

Color coding for type s of Q ue stions

Code Type of Q ue stion

Attempt all IRDA Exam previous year papers on : https://www.exambazaar.com/qp/irda-ic-38-question-papers

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Q. 1 Single Option Correct +3 -1

Risk transfer through risk pooling is called ________.

Q. 2 Single Option Correct +3 -1

Download IC-38 Corporate agents Composit PDF

Q. 3 Single Option Correct +3 -1

By transferring risk to insurer, it becomes possible ___________.

A. To become careless about our assets

Q. 4 Single Option Correct +3 -1

Download IC-38 Corporate agents Composit PDF

Attempt all IRDA Exam previous year papers on : https://www.exambazaar.com/qp/irda-ic-38-question-papers

Q. 5 Single Option Correct +3 -1

In insurance context ‘risk retention’ indicates a situation where _____.

A. Possibility of loss or damage is not there

Q. 6 Single Option Correct +3 -1

Download IC-38 Corporate agents Composit PDF

Q. 7 Single Option Correct +3 -1

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Q. 8 Single Option Correct +3 -1

Download IC-38 Corporate agents Composit PDF

Q. 9 Single Option Correct +3 -1

A. To assess the risk for rating purposes

Q. 10 Single Option Correct +3 -1

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Q. 11 Single Option Correct +3 -1

_____________ is not a tangible good.

Q. 12 Single Option Correct +3 -1

Download IC-38 Corporate agents Composit PDF

Q. 13 Single Option Correct +3 -1

In India _______________ insurance is mandatory .

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A. Motor third party liability

Q. 14 Single Option Correct +3 -1

Download IC-38 Corporate agents Composit PDF

Q. 15 Single Option Correct +3 -1

Q. 16 Single Option Correct +3 -1

Download IC-38 Corporate agents Composit PDF

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Q. 17 Single Option Correct +3 -1

Q. 18 Single Option Correct +3 -1

Download IC-38 Corporate agents Composit PDF

Q. 19 Single Option Correct +3 -1

Select the correct statement:

A. Ethical behaviour is impossible while selling insurance

Q. 20 Single Option Correct +3 -1

Download IC-38 Corporate agents Composit PDF

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Q. 21 Single Option Correct +3 -1

The correct option is IV.

A. Insurance General Management System