In the event of policy holder committing suicide a) The full maturity benefit will be paid b) No claim will be entertained in suicide cases c) Within two year from the date of policy, the policy will be treated as void and no claim will be entertained d) The premium will be returned a/w SB interest

In the event of policy holder committing suicide
a) The full maturity benefit will be paid
b) No claim will be entertained in suicide cases
c) Within two year from the date of policy, the policy will be treated as void and no
claim will be entertained
d) The premium will be returned a/w SB interest
by

1 Answer

Answer :

c) Within two year from the date of policy, the policy will be treated as void and no
claim will be entertained
by

Related questions

In the following cases transfer is permissible even before the expiry of one year from the date of issue of the certificate a) To a near relative out of natural love and affection b) In the name of the heir of a deceased holder on the admission of his claim c) Transfer in the name of the survivor in the event of the death of one of the joint holders d) All the above

Description : In the following cases transfer is permissible even before the expiry of one year  from the date of issue of the certificate a) To a near relative out of natural love and affection b) In the name of the ... of the survivor in the event of the death of one of the joint  holders d) All the above

Last Answer : d) All the above

Mark the incorrect option Limit of death claim benefit under non medical scheme is if death occurs within a) 1 year 35%of sum assured a/w accrued bonus b) 2 years 60% of sum assured a/w accrued bonus c) 3 years 90% of sum assured a/w accrued bonus d) 4 years 100 % of sum assured a/w accrued bonus Ans:d ( It is desirable to opt for policy medical scheme to get full benefit)

Description : Mark the incorrect option Limit of death claim benefit under non medical scheme is if death occurs within a) 1 year 35%of sum assured a/w accrued bonus b) 2 years 60% of sum assured a/w accrued bonus ... a/w accrued bonus Ans:d ( It is desirable to opt for policy medical scheme to get full benefit)

Last Answer : d) 4 years 100 % of sum assured a/w accrued bonus Ans:d ( It is desirable to opt for policy medical scheme to get full benefit)

Mark the correct option a) In case death of the one depositor of joint account holder , in the MIS account the account will be treated as single from the date of death of the account holder b) The surviving depositor will have withdraw the excess amount over and above the maximum limit of investment by single depositor. c) If this amount is not withdrawn, the excess amount will carry the normal saving bank interest d) All the above

Description : Mark the correct option a) In case death of the one depositor of joint account holder , in the MIS account the account will be treated as single from the date of death of the account holder b ... amount is not withdrawn, the excess amount will carry the normal saving bank interest d) All the above

Last Answer : d) All the above

If a VPMO in favour of the sender of a VP article is remaining unclaimed at the PO a) The MO will be returned to the addressee of the VP article for repayment b) The issuing postmaster will encash the VPMO as the remitter and credit to PO accounts c) The VPMO will be treated as void and sent to audit office d) None of these

Description : If a VPMO in favour of the sender of a VP article is remaining unclaimed at the PO a) The MO will be returned to the addressee of the VP article for repayment b) The issuing postmaster will encash the ... PO accounts c) The VPMO will be treated as void and sent to audit office d) None of these

Last Answer : c) The VPMO will be treated as void and sent to audit office

Mark the correct option a) Minor cannot appoint a messenger for making withdrawal from SB account b) At the time of making a withdrawal by cheque from saving account not necessary to provide pass bookc) The amount annual interest added in a saving account may not be treated as transaction in that accountd) All the above

Description : Mark the correct option a) Minor cannot appoint a messenger for making withdrawal from SB account b) At the time of making a withdrawal by cheque from saving account not necessary to provide pass book ... added in a saving account may not be treated as transaction in that account d) All the above

Last Answer : d) All the above

When the PLI policy treated as lapsed a) Policy is less than two year old and if due installment are not paid within 6 month the policy may be treated as lapsed b) Policy is less than five year old and if due installment are not paid within 12 month the policy may be treated as lapsed c) Policy is less than three year old and if due installment are not paid within 6 month the policy may be treated as lapsed d) None of these

Description : When the PLI policy treated as lapsed a) Policy is less than two year old and if due installment are not paid within 6 month the policy may be treated as lapsed b) Policy is less than five year ... if due installment are not paid within 6 month the policy may be treated as lapsed d) None of these

Last Answer : c) Policy is less than three year old and if due installment are not paid within 6 month the policy may be treated as lapsed

Which of the following statements is true? a) Debenture holder is an owner of the company. b) Debenture holder can get back its money only on the liquidation of the company. c) A debenture issued at a discount can be redeemed at a premium. d) A debenture holder receives interest only in the event of profits

Description : Which of the following statements is true? a) Debenture holder is an owner of the company. b) Debenture holder can get back its money only on the liquidation of the company. c) A debenture issued ... can be redeemed at a premium. d) A debenture holder receives interest only in the event of profits

Last Answer : c) A debenture issued at a discount can be redeemed at a premium.

Mark the correct option a) If the certificate is encashed in case of death of the depositor before expiry on of one year from the date of purchase, only the face value of certificate shall be payable b) If certificate is encashed after expiry of one year SB interest will be applicable c) Both A &B d) None of these

Description : Mark the correct option a) If the certificate is encashed in case of death of the depositor before expiry on of  one year from the date of purchase, only the face value of certificate shall be  payable b ... after expiry of one year SB interest will be applicable c) Both A &B d) None of these

Last Answer : d) None of these

Post maturity interest on TD account shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Description : Post maturity interest on TD account shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Last Answer : b) 2 Years

Post maturity interest on TD account shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Description : Post maturity interest on TD account shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Last Answer : b) 2 Years

Post maturity interest on RD account after extended maturity period shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Description : Post maturity interest on RD account after extended maturity period shall be paid up to a) 1 Year b) 2 Years c) 3 Years d) No limit

Last Answer : d) No limit

Mark the correct option a) There is no maximum limit of deposit in TD accounts of any type b) No subsequent withdrawal allowed in TD accounts before date of maturity c) The investment under 5 years TD qualifies for the benefit of Section 80C f the income tax Act 1961 from 01-04-2007 d) All the above

Description : Mark the correct option a) There is no maximum limit of deposit in TD accounts of any type b) No subsequent withdrawal allowed in TD accounts before date of maturity c) The investment under 5 years TD ... the benefit of Section 80C f the income tax Act 1961 from 01-04-2007 d) All the above

Last Answer : d) All the above

In case the policy three year old and if premium is not paid for 12 month and more then the permission form the ______ is necessary a) DDG PLI b) DG Post c) Head of the Circle d) SSP/SP

Description : In case the policy three year old and if premium is not paid for 12 month and more then the permission form the ______ is necessary a) DDG PLI b) DG Post c) Head of the Circle d) SSP/SP

Last Answer : c) Head of the Circle

Mark the correct option a) SDI/ASPDs shall be entitled to an incentive equal to 10% of the commission paid to the agents b) A policy holder of WLA PLI/RPLI shall be eligible for tacking Children policy to his/her child c) Mail overseer should have min 10th standard qualification for doing this job. d) All the above

Description : Mark the correct option a) SDI/ASPDs shall be entitled to an incentive equal to 10% of the commission paid to the agents b) A policy holder of WLA PLI/RPLI shall be eligible for tacking ... child c) Mail overseer should have min 10th standard qualification for doing this job. d) All the above

Last Answer : d) All the above

The amount of maturity inclusive of interest if becomes Rs 20000/- or above shall be paid by a) Cash only b) By crossed cheque c) By Credit into saving accounts d) Either B or C

Description : The amount of maturity inclusive of interest if becomes Rs 20000/- or above shall be paid by a) Cash only b) By crossed cheque c) By Credit into saving accounts d) Either B or C

Last Answer : d) Either B or C

Application for the payment of void MO should ordinarily be made within a) One year from the date of issue of the money order b) Two year from the date of issue of the money order c) Six month from the date of issue of the money order d) None of these

Description : Application for the payment of void MO should ordinarily be made within a) One year from the date of issue of the money order b) Two year from the date of issue of the money order c) Six month from the date of issue of the money order d) None of these

Last Answer : a) One year from the date of issue of the money order

Post maturity interest shall be allowed up to ____ a) 2 years from the date of maturity b) 1 years from the date of maturity c) 3 years from the date of maturity d) Not allowed

Description : Post maturity interest shall be allowed up to ____ a) 2 years from the date of maturity b) 1 years from the date of maturity c) 3 years from the date of maturity d) Not allowed

Last Answer : d) Not allowed

In case of maturity value of discontinued RD account is retained after the date of maturity the depositor shall be entitled ______ of interest wef 01 Jan 2012 a) 3.5% b) 4% c) 8% d) 9.25%

Description : In case of maturity value of discontinued RD account is retained after the date of maturity the depositor shall be entitled ______ of interest wef 01 Jan 2012 a) 3.5% b) 4% c) 8% d) 9.25%

Last Answer : b) 4%

A damaged article should be returned to the sender duly protected if its addressee does not attend the Post office to take its delivery within: (A) 2days of the date of notice (B) 3 days of the date of notice (C) 7 days of the date of notice (D) 10 days of the date of notice

Description : A damaged article should be returned to the sender duly protected if its addressee does not attend the Post office to take its delivery within: (A) 2days of the date of notice (B) 3 days of the date of notice (C) 7 days of the date of notice (D) 10 days of the date of notice

Last Answer : (C) 7 days of the date of notice

An account bag from the SO to HO contain a) The SO daily A/c, MO issue journal, MO paid list. b) List of SB transactions/List of SB documents c) Memo of IPO, Certificate, issued and discharged d) A rolls, daily list of PLI premia collected and paid e) All the above

Description : An account bag from the SO to HO contain a) The SO daily A/c, MO issue journal, MO paid list. b) List of SB transactions/List of SB documents c) Memo of IPO, Certificate, issued and discharged d) A rolls, daily list of PLI premia collected and paid e) All the above

Last Answer : e) All the above

Mark the correct option a) After maturity , the senior citizen account will be extended further 3 year b) The account continued after maturity, the deposit shall earn interest at the rate applicable to the new account opened. c) In case the account not extended on maturity and closed at any time the saving bank interest applicable d) There is no maximum time limit for PMI e) All the above

Description : Mark the correct option a) After maturity , the senior citizen account will be extended further 3 year b) The account continued after maturity, the deposit shall earn interest at the rate applicable to the ... bank interest applicable d) There is no maximum time limit for PMI e) All the above

Last Answer : e) All the above

Date of credit in the SB ( Pension ) account may be taken as the date of receipt of commuted value of the pension The above said statement a. True b. False

Description : Date of credit in the SB ( Pension ) account may be taken as the date of receipt of commuted value of the pension The above said statement a. True b. False

Last Answer : a. True

If the proclaimed person does not appear within the time specified in the proclamation a) The property under the attachment shall be at the disposal of the state Govt. b) The property shall not be sold until the expiration of six months from the date of the attachment c) The property shall not be sold until any claim preferred d) The property shall not be sold until objection made under sec 84 has not been disposed. e) All the above

Description : If the proclaimed person does not appear within the time specified in the  proclamation a) The property under the attachment shall be at the disposal of the state Govt. b) The property shall not ... be sold until objection made under sec 84 has not been  disposed. e) All the above

Last Answer : e) All the above

Mark the correct option a) The WLA policy can be converted into EA after one year b) The EA policy can be altered and value can be reduced after one year of issue and before one year of maturity c) CWL policy cant be converted into EA policy at the end of the 5 year. d) All the above

Description : Mark the correct option a) The WLA policy can be converted into EA after one year b) The EA policy can be altered and value can be reduced after one year of issue and before one year of maturity c) CWL policy cant be converted into EA policy at the end of the 5 year. d) All the above

Last Answer : d) All the above

What is the rebate allowed in advance paid premium for half year & one year? a) 1% & 2% b) 2% & 3% c) 2%&4% d) None of these

Description : What is the rebate allowed in advance paid premium for half year & one year? a) 1% & 2% b) 2% & 3% c) 2%&4% d) None of these

Last Answer : a) 1% & 2%

Mark the correct option a) The MIS account can be close after expiry of one year. b) The MIS account closed after one year but before three year 2 % deduction will be made on initial deposit c) The MIS account closed after expiry of three year 1% deduction will be made . on the initial deposit d) In case of death of the depositor before maturity account may be closed and deposit refunded along with interest up to the month preceding the month in which refund made. e) All the above

Description : Mark the correct option a) The MIS account can be close after expiry of one year. b) The MIS account closed after one year but before three year 2 % deduction will be made on initial deposit ... along with interest up to the month preceding the month in which refund made. e) All the above

Last Answer : e) All the above

Mark the correct option MIS account opened on or after 01 Apr 12 a) The rate of interest shall be 8.5 % per annum payable monthly. b) No withdrawal will be allowed before expiry of maturity period 5 years c) No bonus shall be payable d) All the above

Description : Mark the correct option MIS account opened on or after 01 Apr 12 a) The rate of interest shall be 8.5 % per annum payable monthly. b) No withdrawal will be allowed before expiry of maturity period 5 years c) No bonus shall be payable d) All the above

Last Answer : d) All the above

Policy in which amount of claim is Payable either at the time of death of a policy holder or at the expiry of the policy whichever is earlier. a. Endowment Policy b. Term Policy c. Joint Life Policy d. Whole life Policy

Description : Policy in which amount of claim is Payable either at the time of death of a policy holder or at the expiry of the policy whichever is earlier. a. Endowment Policy b. Term Policy c. Joint Life Policy d. Whole life Policy

Last Answer : a. Endowment Policy

A certificate may be transferred from one person to another after the expiry of ____ year from the date of issue of the certificate on the holder making an application in the prescribed form___ a) 1 year, NC 12 b) 2 year, NC 34 c) 1 year,NC 32 d) 1 year, NC 34

Description : A certificate may be transferred from one person to another after the expiry of ____  year from the date of issue of the certificate on the holder making an application in the  prescribed form___ a) 1 year, NC 12 b) 2 year, NC 34 c) 1 year,NC 32 d) 1 year, NC 34

Last Answer : d) 1 year, NC 34

If a person dies and is at time of death the holder of a saving certificate and there is no nomination in force _____should be produced within 3 month for payment a) Death and probate of his willb) Letter of administration of his estatec) A succession certificate granted under the Indian succession act 1925,d) Any one of the abovee) None of these

Description : If a person dies and is at time of death the holder of a saving certificate and there is no nomination in force _____should be produced within 3 month for payment a) Death and probate of his will ... certificate granted under the Indian succession act 1925, d) Any one of the above e) None of these

Last Answer : d) Any one of the above

Money order became void after a) One month b) Two month c) One year d) Last date of following month

Description : Money order became void after a) One month b) Two month c) One year d) Last date of following month

Last Answer : d) Last date of following month

When locks get out of order or damaged or become unserviceable in any way, they should not be repaired locally, but should in all cases be returned to the a) Circle office b) Head office c) CSD d) Depot

Description : When locks get out of order or damaged or become unserviceable in any way, they should not be repaired locally, but should in all cases be returned to the a) Circle office b) Head office c) CSD d) Depot

Last Answer : d) Depot

MO become void when a) The MO not paid to payee or remitterb) The MO not paid to payee or remitter at the end of the month following the month of its issuec) The MO not paid to payee or remitter at the end of the yeard) None of these

Description : MO become void when a) The MO not paid to payee or remitter b) The MO not paid to payee or remitter at the end of the month following the month of its issue c) The MO not paid to payee or remitter at the end of the year d) None of these

Last Answer : b) The MO not paid to payee or remitter at the end of the month following the month of its issue

Void MO can be paid to the remitter or payee if application is made before expiry of a) 6 Month from issue of original MO b) 12 Month from issue of original MO c) Month from issue of original MO d) None of these

Description : Void MO can be paid to the remitter or payee if application is made before expiry of a) 6 Month from issue of original MO b) 12 Month from issue of original MO c) Month from issue of original MO d) None of these

Last Answer : b) 12 Month from issue of original MO

Money order neither paid to payee nor remitter called as a) Dead money order b) Void money order c) Cancelled money order d) None of these

Description : Money order neither paid to payee nor remitter called as a) Dead money order b) Void money order c) Cancelled money order d) None of these

Last Answer : b) Void money order

Mark the correct option a) Interest at 10% per annum is charged on the loan compounded half yearly b) Second loan is not admissible until first loan is cleared. c) Loan are not available on AEA policies d) The risk is covered on the PLI policy by dept only from the date of acceptance of the proposal by the CPMG e) All the above

Description : Mark the correct option a) Interest at 10% per annum is charged on the loan compounded half yearly b) Second loan is not admissible until first loan is cleared. c) Loan are not available on AEA policies ... policy by dept only from the date of acceptance of the proposal by the CPMG e) All the above

Last Answer : e) All the above

If a book packet infringe the condition of size and weight a) It will be treated as letter mail and double the deficiency charged b) It will be treated as parcel and double the deficiency charged. c) It will treated as letter/PL mail and double the deficiency charged whichever is less d) Shall be returned to sender after canceling the stamps

Description : If a book packet infringe the condition of size and weight a) It will be treated as letter mail and double the deficiency charged b) It will be treated as parcel and double the deficiency ... double the deficiency charged whichever is less d) Shall be returned to sender after canceling the stamps

Last Answer : d) Shall be returned to sender after canceling the stamps

For breach of condition, book packet containing periodicals will be treated a) As letter and double the deficiency is charged b) As parcel and double the deficiency is charged c) As letter/parcel whichever is less and difference in postage charged d) Will not be transmitted, but returned to sender

Description : For breach of condition, book packet containing periodicals will be treated a) As letter and double the deficiency is charged b) As parcel and double the deficiency is charged c) As letter/parcel whichever is less and difference in postage charged d) Will not be transmitted, but returned to sender

Last Answer : c) As letter/parcel whichever is less and difference in postage charged

. If franked article is found in letter box a) This should not be transmitted and returned to the sender b) It is to be treated as unpaid article and send to its destination in normal manner. c) Taxed double value

Description : . If franked article is found in letter box a) This should not be transmitted and returned to the sender b) It is to be treated as unpaid article and send to its destination in normal manner. c) Taxed double value

Last Answer : b) It is to be treated as unpaid article and send to its destination in normal manner

The maturity value on Rs 10 denomination of RD account opened on or after 01 Dec 2011 and up to 31 Mar 12 and 01 Apr 12 is(Interest @8.4%) a) 728.29 b) 738.62, 747 c) 738.51 d) 738.10

Description : The maturity value on Rs 10 denomination of RD account opened on or after 01 Dec 2011 and up to 31 Mar 12 and 01 Apr 12 is(Interest @8.4%) a) 728.29 b) 738.62, 747 c) 738.51 d) 738.10

Last Answer : b) 738.62, 747

No redirection fee is charge on redirection of a parcel a) If the revised address of the addressee is within the same delivery office b) If the revised address of the addressee is within the same post town c) If the parcel is returned to sender and if the sender resides in a different address within the delivery area of the office or within the same post town d) All the above

Description : No redirection fee is charge on redirection of a parcel a) If the revised address of the addressee is within the same delivery office b) If the revised address of the addressee is within the same post ... address within the delivery area of the office or within the same post town d) All the above

Last Answer : d) All the above

An Indian Postal Order presented for payment not bearing the round MO stamp of office of issue a) Cannot be paidb) Can be paid after necessary verification from the office of issuec) Will be returned to office of issue for suplly of omission and paidd) None of these

Description : An Indian Postal Order presented for payment not bearing the round MO stamp of office of issue a) Cannot be paid b) Can be paid after necessary verification from the office of issue c) Will be returned to office of issue for suplly of omission and paid d) None of these

Last Answer : b) Can be paid after necessary verification from the office of issue

In case money order received for payment to a blind person a) The provision as for payment of MOs to minors to be followed b) Money order should not be paid but returned to remitter c) The provisions as for payment of MOs to pardanishin woman to be followedd) Provision for payment of MOs to illiterate payees should be observed

Description : In case money order received for payment to a blind person a) The provision as for payment of MOs to minors to be followed b) Money order should not be paid but returned to remitter c) ... to pardanishin woman to be followed d) Provision for payment of MOs to illiterate payees should be observed

Last Answer : d) Provision for payment of MOs to illiterate payees should be observed

MO payable to lunatics who are committed by proceedings under the lunacy act to lunatic asylum/mental hospital will be paid to a) The manager of institution b) The authority who has issued the order under lunacy act c) The near relatives of the lunatic d) Will not be paid but returned to sender

Description : MO payable to lunatics who are committed by proceedings under the lunacy act to lunatic asylum/mental hospital will be paid to a) The manager of institution b) The authority who has issued the order under lunacy act c) The near relatives of the lunatic d) Will not be paid but returned to sender

Last Answer : d) Will not be paid but returned to sender

If a money order payable to a person whose identity is not known to the PO is received a) It cannot be paid at window b) It should be paid on proper identification b a person known to the PO c) Should be returned to the sender d) Can be redirected/dispersed as per written instruction of the person

Description : If a money order payable to a person whose identity is not known to the PO is received a) It cannot be paid at window b) It should be paid on proper identification b a person known to the PO c) Should be returned to the sender d) Can be redirected/dispersed as per written instruction of the person

Last Answer : b) It should be paid on proper identification b a person known to the PO

If there is a discrepancy of Rs. 5/- in the value of MO as written in the MO form by the remitter and as advised by the office of payment a) The payment should be withheld and a reference made to office of issue b) The MO should be returned to office of issue c) The amount entered by the remitter may be paid and irregularity reported to office of issue d) The case is referred to HO/divisional supdt. for advice

Description : If there is a discrepancy of Rs. 5/- in the value of MO as written in the MO form by the remitter and as advised by the office of payment a) The payment should be withheld and a ... paid and irregularity reported to office of issue d) The case is referred to HO/divisional supdt. for advice

Last Answer : c) The amount entered by the remitter may be paid and irregularity reported to office of issue