1. . ... ..is the whole payable to the ensured on the event of event.

A. Premium B. Annuity C. Assurance D. Technique

2. On 2021 a transporter customer referenced a Bank to send Australian Dollar 456900 under a perpetual Letter of Credit (LC). In any case, in view of unavoidable

factors, the Bank could affect the settlements simply on February 4, 2013. The between bank

market rates were according to the accompanying: February 4, 2013

US$ 1= $ 34.67/34.80 $34.67/997

GBP 1 = US$ 1.7549/4.6790 US$ 2.5674

GBP 1 = SGD 3.1523/3.1567 SGD 3. 1380/3.1560

The Bank wishes to hold an exchange edge of 0.562%

Required:

What sum does the customer stay to get or lose due to the deferral?

2. The idea in assurance for covering the peril is called ... .

A. Assurance B. Premium C. Annuity D. None of these

3. . ... is the get-together who accepts the peril in security.

A. Underwriter B. Assurer C. Underwriter D. These

4. The social event whose risk is solicited in security is known as ... .

A. Underwriter B. Ensured C. Underwriter D. None of these

5. In ... ., the underwriter agrees to pay a particular measure of money to the policyholder either on his death or a particular age, which anytime is less.

A. Fire Insurance B. Marine Insurance C. Burglary Insurance D. Catastrophe assurance

6. General Insurance consolidates ... .

A. Fire Insurance B. Marine Insurance C. Burglary Insurance D. These

7. LIC was nationalized in ... ..

A. 1934 B. 1989 C. 1987 D. 1999

8. Insurance business in India is overseen by ... .

A. LIC B. IRDA C. RBI D. SEBI

10. Under ... ., the entire ensured is given to the beneficiary simply on death of policyholder.

A. Whole Life Policy B. Gift Policy C. Annuity D. None of these