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Advanced Wealth Management Course (IIBF) - Paper 4

Part I: Ch 6: Rural/Social Insurance

Q1.

As per the 2001 census, rural sector has population of not more than __________.

4,000

5,000

7,500

10,000

Q2.

As per 2001 census, rural sector has at least _______ of the male working population is engaged in agriculture.

50%

60%

70%

75%

Q3.

Social sector includes:

a. Unorganized Sector

b. Informal sector

c. Economically vulnerable

d. Both (a) & (b)

e. All of the above

Q4.

The informal sector has been defined as the non agricultural wage and salary earning segments of the population.

True

False

Q5.

The informal section comprises around _______ of the Indian population.

70%

75%

80%

85%

Q6.

Which is the world’s largest Group Insurance Scheme?

LALGI

Jan Shree Bima Yojana

IRDP beneficiaries

Social security group insurance schemes

Q7.

The sum Assured under Jan Shree Bima Yojana scheme has been fixed as _________.

Rs. 15,000

Rs. 25,000

Rs. 30,000

Rs. 50,000

Q8.

(I) The objective of LALGI scheme is to provide life insurance protection to rural and urban persons who are below or marginally at the poverty line. (II) The objective of Jan Shree Bima Yojana is to provide life insurance protection to the families of landless agricultural labourers.

Both the statements are correct

Only statement (I) is correct

Only statement (II) is correct

Both the statements are wrong

Q9.

Group Insurance Scheme for beneficiaries of IRDP cover is provided for a period of _________ years from the date of disbursement of subsidy/financial assistance/loan under IRDP.

2 years

3 years

5 years

6 years

Q10.

Under LALGI scheme, the heads of families of landless agricultural labourers, who are aged between 18 and 60 years, are insured for a sum of Rs. __________.

Rs. 1,000

Rs. 2,000

Rs. 3,000

Rs. 5,000

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