Solve WHAT LIFE INSURANCE INVOLVES

WHAT LIFE INSURANCE INVOLVES

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(1) How does diversification reduce risks in financial markets?
I. Collecting funds from multiple sources and investing them in one place
II. Investing funds across various asset classes
III. Maintaining time difference between investments
IV. Investing in safe assets

Answer: II. Investing funds across various asset classes

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(2) Which of the below is not an element of the life insurance business?
I. Asset
II. Risk
III. Principle of mutuality
IV. Subsidy

Answer: IV. Subsidy

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(3) Who devised the concept of HLV?
I. Dr. Martin Luther King
II. Warren Buffet
III. Prof. Hubener
IV. George Soros

Answer: III. Prof. Hubener

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(4) Which of the below mentioned insurance plans has the least or no amount of savings element?
I. Term insurance plan
II. Endowment plan
III. Whole life plan
IV. Money back plan

Answer: I. Term insurance plan

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(5) Which among the following cannot be termed as an asset?
I. Car
II. Human Life
III. Air
IV. House

Answer: III. Air

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(6) Which of the below cannot be categorized under risks?
I. Dying too young
II. Dying too early
III. Natural wear and tear
IV. Living with disability

Answer: III. Natural wear and tear

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(7) Which of the below statement is true?
I. Life insurance policies are contracts of indemnity while general insurance
policies are contracts of assurance
II. Life insurance policies are contracts of assurance while general insurance policies are contracts of indemnity
III. In case of general insurance the risk event protected against is certain
IV. The certainty of risk event in case of general insurance increases with time

Answer: II. Life insurance policies are contracts of assurance while general insurance policies are contracts of indemnity

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(8) Which among the following methods is a traditional method that can help determine the insurance needed by an individual?
I. Human Economic Value
II. Life Term Proposition
III. Human Life Value
IV. Future Life Value

Answer: III. Human Life Value

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(9) Which of the below is the most appropriate explanation for the fact that young
people are charged lesser life insurance premium as compared to old people?
I. Young people are mostly dependant
II. Old people can afford to pay more
III. Mortality is related to age
IV. Mortality is inversely related to age

Answer: III. Mortality is related to age

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(10) Which of the below is not an advantage of cash value insurance contracts?
I. Safe and secure investment
II. Inculcates saving discipline
III. Lower yields
IV. Income tax advantages

Answer: III. Lower yields

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(11) Which of the below is an advantage of cash value insurance contracts?
I. Returns subject to corroding effect of inflation
II. Low accumulation in earlier years
III. Lower yields
IV. Secure investment

Answer: IV. Secure investment

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Solve Questions

Solve Questions

(1) Risk transfer through risk pooling is called ________.
I. Savings
II. Investments
III. Insurance
IV. Risk mitigation

Answer : III. Insurance

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(2)The measures to reduce chances of occurrence of risk are known as _____.
I. Risk retention
II. Loss prevention
III. Risk transfer
IV. Risk avoidance

Answer :II. Loss prevention

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(3)By transferring risk to insurer, it becomes possible ___________.
I. To become careless about our assets
II. To make money from insurance in the event of a loss
III. To ignore the potential risks facing our assets
IV. To enjoy peace of mind and plan one’s business more effectively

Answer :IV. To enjoy peace of mind and plan one’s business more effectively

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(4)Origins of modern insurance business can be traced to __________.
I. Bottomry
II. Lloyds
III. Rhodes
IV. Malhotra Committee

Answer :II. Lloyds

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(6)In insurance context ‘risk retention’ indicates a situation where _____.
I. Possibility of loss or damage is not there
II. Loss producing event has no value
III. Property is covered by insurance
IV. One decides to bear the risk and its effects

Answer :IV. One decides to bear the risk and its effects

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(7)Which of the following statement is true?
I. Insurance protects the asset
II. Insurance prevents its loss
III. Insurance reduces possibilities of loss
IV. Insurance pays when there is loss of asse

Answer :IV. Insurance pays when there is loss of asse

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(8)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?
I. Rs.100/-
II. Rs.200/-
III. Rs.80/-
IV. Rs.400/-

Answer :II. Rs.200/-

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(9)Which of the following statements is true?
I. Insurance is a method of sharing the losses of a ‘few’ by ‘many’
II. Insurance is a method of transferring the risk of an individual to another
individual
III. Insurance is a method of sharing the losses of a ‘many’ by a few
IV. Insurance is a method of transferring the gains of a few to the many

Answer :I. Insurance is a method of sharing the losses of a ‘few’ by ‘many’

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(10)Why do insurers arrange for survey and inspection of the property before
acceptance of a risk?
I. To assess the risk for rating purposes
II. To find out how the insured purchased the property
III. To find out whether other insurers have also inspected the property
IV. To find out whether neighbouring property also can be insured

Answer :I. To assess the risk for rating purposes

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(11)Which of the below option best describes the process of insurance?
I. Sharing the losses of many by a few
II. Sharing the losses of few by many
III. One sharing the losses of few
IV. Sharing of losses through subsidy

Answer :II. Sharing the losses of few by many

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Solve Insurance Questions

(1) Which among the following is the regulator for the insurance industry in India?
I. Insurance Authority of India
II. Insurance Regulatory and Development Authority
III. Life Insurance Corporation of India
IV. General Insurance Corporation of India

Answer : II. Insurance Regulatory and Development Authority

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(2) Which among the following is a secondary burden of risk?
I. Business interruption cost
II. Goods damaged cost
III. Setting aside reserves as a provision for meeting potential losses in the
future
IV. Hospitalisation costs as a result of heart attack

Answer :III. Setting aside reserves as a provision for meeting potential losses in the future

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(3) Which among the following is a method of risk transfer?
I. Bank FD
II. Insurance
III. Equity shares
IV. Real estate

Answer : II. Insurance

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(4) Which among the following scenarios warrants insurance?
I. The sole bread winner of a family might die untimely
II. A person may lose his wallet
III. Stock prices may fall drastically
IV. A house may lose value due to natural wear and tear

Answer : I. The sole bread winner of a family might die untimely

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(5) Which of the below insurance scheme is run by an insurer and not sponsored by
the Government?
I. Employees State Insurance Corporation
II. Crop Insurance Scheme
III. Jan Arogya
IV. All of the above

Answer:  III. Jan Arogya

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Define business

What is Business????????

An organization or economic system where goods and services are exchanged for one another or for money.
Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.

Businesses can be privately owned, not-for-profit or state-owned

Before you start researching your market, you need to work out what your business does — its purpose — and if it’s unique.

First, define the product or service you’re offering then ask:

• Why will customers buy — is there a need or demand for it?

• What else is on offer in the market?

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How to lose weight?

To lose weight:

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It depends on your size and weight ,also where you live.

1. Exercise daily.

2. Eat fruits daily in your diet.

3. Walk daily for minimum 30 minutes upto 3 km.

4. Drink plenty of water daily minimum 3 liters.

5. Avoid eating junk food.

6. Have protein at every meals.

7. Think Positively.

8. Worry Less.

9. Be Happy and smile.

10. Yoga daily.

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Adults Weight to Height Ratio Chart
Height ft. in. (cms)	Female	Male
4' 6" (137 cm)	63 - 77 lb (28.5 - 34.9 kg)	63 - 77 lb (28.5 - 34.9 kg)
4' 7" (140 cm)	68 - 83 lb (30.8 - 37.6 kg)	68 - 84 lb (30.8 - 38.1 kg)
4' 8" (142 cm)	72 - 88 lb (32.6 - 39.9 kg)	74 - 90 lb (33.5 - 40.8 kg)
4' 9" (145 cm)	77 - 94 lb (34.9 - 42.6 kg)	79 - 97 lb (35.8 - 43.9 kg)
4' 10" (147 cm)	81 - 99 lb (36.4 - 44.9 kg)	85 - 103 lb (38.5 - 46.7 kg)
4' 11" (150 cm)	86 - 105 lb (39 - 47.6 kg)	90 - 110 lb (40.8 - 49.9 kg)
5' 0" (152 cm)	90 - 110 lb (40.8 - 49.9 kg)	95 - 117 lb (43.1 - 53 kg)
5' 1" (155 cm)	95 - 116 lb (43.1 - 52.6 kg)	101 - 123 lb (45.8 - 55.8 kg)
5' 2" (157 cm)	99 - 121 lb (44.9 - 54.9 kg)	106 - 130 lb (48.1 - 58.9 kg)
5' 3" (160 cm)	104 - 127 lb (47.2 - 57.6 kg)	112 - 136 lb (50.8 - 61.6 kg)
5' 4" (163 cm)	108 - 132 lb (49 - 59.9 kg)	117 - 143 lb (53 - 64.8 kg)
5' 5" (165 cm)	113 - 138 lb (51.2 - 62.6 kg)	122 - 150 lb (55.3 - 68 kg)
5' 6" (168 cm)	117 - 143 lb (53 - 64.8 kg)	128 - 156 lb (58 - 70.7 kg)
5' 7" (170 cm)	122 - 149 lb (55.3 - 67.6 kg)	133 - 163 lb (60.3 - 73.9 kg)
5' 8" (173 cm)	126 - 154 lb (57.1 - 69.8 kg)	139 - 169 lb (63 - 76.6 kg)
5' 9" (175 cm)	131 - 160 lb (59.4 - 72.6 kg)	144 - 176 lb (65.3 - 79.8 kg)
5' 10" (178 cm)	135 - 165 lb (61.2 - 74.8 kg)	149 - 183 lb (67.6 - 83 kg)
5' 11" (180 cm)	140 - 171 lb (63.5 - 77.5 kg)	155 - 189 lb (70.3 - 85.7 kg)
6' 0" (183 cm)	144 - 176 lb (65.3 - 79.8 kg)	160 - 196 lb (72.6 - 88.9 kg)
6' 1" (185 cm)	149 - 182 lb (67.6 - 82.5 kg)	166 - 202 lb (75.3 - 91.6 kg)
6' 2" (188 cm)	153 - 187 lb (69.4 - 84.8 kg)	171 - 209 lb (77.5 - 94.8 kg)
6' 3" (191 cm)	158 - 193 lb (71.6 - 87.5 kg)	176 - 216 lb (79.8 - 98 kg)
6' 4" (193 cm)	162 - 198 lb (73.5 - 89.8 kg)	182 - 222 lb (82.5 - 100.6 kg)
6' 5" (195 cm)	167 - 204 lb (75.7 - 92.5 kg)	187 - 229 lb (84.8 - 103.8 kg)
6' 6" (198 cm)	171 - 209 lb (77.5 - 94.8 kg)	193 - 235 lb (87.5 - 106.5 kg)
6' 7" (201 cm)	176 - 215 lb (79.8 - 97.5 kg)	198 - 242 lb (89.8 - 109.7 kg)
6' 8" (203 cm)	180 - 220 lb (81.6 - 99.8 kg)	203 - 249 lb (92 - 112.9 kg)
6' 9" (205 cm)	185 - 226 lb (83.9 - 102.5 kg)	209 - 255 lb (94.8 - 115.6 kg)
6' 10" (208 cm)	189 - 231 lb (85.7 - 104.8 kg)	214 - 262 lb (97 - 118.8 kg)
6' 11" (210 cm)	194 - 237 lb (88 - 107.5 kg)	220 - 268 lb (99.8 - 121.5 kg)
7' 0" (213 cm)	198 - 242 lb (89.8 - 109.7 kg)	225 - 275 lb (102 - 124.7 kg)

धनिया के फायदे

                  इसके लिए सबसे पहले आप हरा धनिया को अच्छे से धोकर साफ़ कर लें क्योंकि उस पर बहुत साडी मिटटी लगी होती है, इसके बाद आप उस हरा धनिया को काट लें। उसके बाद एक लीटर पानी को गैस पर चढ़ाकर उसमें कटी हुई धनिया डाल दें और करीब 10 मिनट तक उबलने के लिए छोड़ दें। 10 मिनट के बाद पानी को छान लें और रोजाना एक गिलास इसका सेवन करें। इससे आपको बहुत से फायदे होंगे जैसे-

• किडनी का साफ होना
• खून का संचार अच्छी तरह होना
• दिल अच्छा होना
• बैक्टीरिया का खात्मा
• चहरे का ग्लो होना, यानि चहरा या त्वचा साफ़ होना
• कैल्सियम की कमी पूरी होना
• डायबिटीज का इलाज
• शुगर लेवल अच्छा और मजबूत होना