Choose one answer for each questions, no need to explain. 1) Below are the criteria of Family Takaful, EXCEPT: A) Long term B) PA and PSA account Investments-linked product D) Yearly renewed 2) Below are types of pure risk, EXCEPT A) Liability Risk B) Individual Risk C) Property Risk D) Personal Risk 3) Who is the main beneficiary in a Takaful plan? A) Spouse B) Subscriber C) Children D) Parents 4) Which of the following implies the importance of the "brotherhood" spirit in Takaful to be practised in this modern century? A) All of these B) The Takaful fund will be used to help other participants. C) Participants will contribute to a common Takaful fund. D) Takaful is based on the concept of Ta'awun which means mutual assistance. 5) Which of the following is not an insurable risk? A) Damage due to flood B) Losses from investment C) Sudden death D) Injury from accident 6) Which one below is an example of a hazard? A) Lightning B) wiring C) Accident D) Heart Attack 7) The following individual cannot be nominated as Takaful beneficiary, EXCEPT: * A) A captive husband B) 39 weeks fetus C) Elderly father D) Close friends 8) How profit on investment is distributed in conventional insurance? ? A) Based on the company's decision B) Based on pre agreed ratio C) Based on pre agreed contract D) Based on premium 9) Below are the factors of Gharar in Takaful, EXCEPT: * A) Predetermined excess or surplus of underwriting activities B) Insertion of ambiguous conditions in Takaful contract C) Absence or incomplete ownership of Takaful fund D) Non-possession of the subject matter 10) the process of assessing and classifying the degree of risk of an applicant and of selecting participants. * A) Underwriting surplus B) Underwriting measurement C) Underwriting risk D) Underwriting activities Choose one answer for each questions, no need to explain. 1) Below are the criteria of Family Takaful, EXCEPT: A) Long term B) PA and PSA account Investments-linked product D) Yearly renewed 2) Below are types of pure risk, EXCEPT A) Liability Risk B) Individual Risk C) Property Risk D) Personal Risk 3) Who is the main beneficiary in a Takaful plan? A) Spouse B) Subscriber C) Children D) Parents 4) Which of the following implies the importance of the "brotherhood" spirit in Takaful to be practised in this modern century? A) All of these B) The Takaful fund will be used to help other participants. C) Participants will contribute to a common Takaful fund. D) Takaful is based on the concept of Ta'awun which means mutual assistance. 5) Which of the following is not an insurable risk? A) Damage due to flood B) Losses from investment C) Sudden death D) Injury from accident 6) Which one below is an example of a hazard? A) Lightning B) wiring C) Accident D) Heart Attack 7) The following individual cannot be nominated as Takaful beneficiary, EXCEPT: * A) A captive husband B) 39 weeks fetus C) Elderly father D) Close friends 8) How profit on investment is distributed in conventional insurance? ? A) Based on the company's decision B) Based on pre agreed ratio C) Based on pre agreed contract D) Based on premium 9) Below are the factors of Gharar in Takaful, EXCEPT: * A) Predetermined excess or surplus of underwriting activities B) Insertion of ambiguous conditions in Takaful contract C) Absence or incomplete ownership of Takaful fund D) Non-possession of the subject matter 10) the process of assessing and classifying the degree of risk of an applicant and of selecting participants. * A) Underwriting surplus B) Underwriting measurement C) Underwriting risk D) Underwriting activities
