WorksheetsQROPS
Total questions: 10
Worksheet time: 8mins
Name
Class
Date
1.
"QROPS" stands for
a)
Qualified Recognised Overseas Pension Scheme
b)
Qualifying Recognised Overseas Pension Scheme
c)
Quantity Registered Overseas Pension Scheme
2.
QROPS facilitates transfers of pension funds from _________ to India
a)
UK
b)
US
c)
Both
d)
None
3.
QROPS programme was launched on _________?
a)
6th April 2005
b)
6th April 2009
c)
6th April 2008
d)
6th April 2006
4.
Which products can be bought by customer using QROPS funds?
a)
Any available plans
b)
Only pension plans
c)
Only whole life plans
d)
Only Endownment plans
5.
According to regulations UK fund houses are bound to transfer fund within _________ from date of receiving complete set of documents?
a)
6 months
b)
3 months
c)
9 months
d)
2 months
6.
Who can apply for QROPS ?
1) Person having residence status as Indian.
2) Person residing in UK.
3) Person having pension pot in UK.
1) Person having residence status as Indian.
2) Person residing in UK.
3) Person having pension pot in UK.
a)
1 & 2
b)
2 & 3
c)
1 & 3
d)
All of the above
7.
After transfering funds into QROPS, If customers wants to cancel the policy in free look, what will customer recieve?
a)
1/3rd of total corpus
b)
Full amount
c)
Funds will be transferred to UK
8.
Customer can choose to invest 75% of QROPS funds in
HDFC LIFE pension plan and use remaining 25% for personal use?
HDFC LIFE pension plan and use remaining 25% for personal use?
a)
True
b)
False
9.
It is mandatory to have HDFC BANK account to get annuity processed?
a)
True
b)
False
10.
Mr. Vispi Bhatena was paying premium for National Insurance & Pension Plan in UK, can he transfer both the funds in QROPS?
a)
True
b)
False
100 %
