Free Printable KPL 2023

1.

1. New ULIP Taxation under section 10(10D) is applicable wef from ……….

a)

a. February 1, 2021

b)

b. April 1, 2021

c)

c. April 1, 2022

d)

d. March 31, 2022

2.

2. GST on health insurance plan is ……

a)

a. 4.5%

b)

b. 18%

c)

c. 2.25%

d)

d. 18% of total charges

3.

3. New traditional insurance policy Taxation is coming under …….

a)

a. Income from business

b)

b. LTCG Tax

c)

c. GST

d)

d. Income from other sources

4.

Mutual Funds are regulated in INDIA by

a)

a). IRDAI

b)

b). Association of Mutual Funds of India( AMFI

c)

c). Securities & Exchange Board of India

d)

d). Reserve Bank of India

5.

Which fund carries the highest Risk among equity fund in mutual fund schemes ?

a)

a. Mid Cap Funds

b)

b. Thematic Funds

c)

c. Sectoral Fund

d)

d. Index Funds

6.

While explaining the features of a ULIP, Kishore gets an objection from his customer stating that mutual funds (MFs) generates high returns over ULIPs. Which of the following USPs of an insurance plan can best answer the customer’s Objection?

a)

a. Tax benefit under section 80 C

b)

b. Choice of funds

c)

c. Higher liquidity

d)

d. Better Internal Rate of Return (IRR) in long term along with life cover

7.

Mr. Suresh invested Rs 5Lakhs as a one time amount in an ELSS mutual fund scheme. He received Rs. 8.5 Lakhs after 8 years. What is the compound annual growth rate ?

a)

a. 6.86%

b)

b. 6.25%

c)

c. 7.24%

d)

d. 6.55%

8.

A _________________ is a trust that pools the savings of a number of investors who share common

financial goals.

a)

Shares

b)

Mutual Funds

c)

Government Securities

d)

Derivatives

9.

What are the reasons for economies of scale to the benefit of Mutual funds?

a)

Large volumes of trade

b)

Portfolio diversification

c)

Risk reduction

d)

Loss

10.

The funds in which units can be purchased only during the initial offer period are called

a)

Open-Ended Funds

b)

Close-Ended Funds

c)

Interval Funds

d)

Fixed maturity plan

11.

______________ are considered high-risk funds but also tend to provide high returns.

a)

Equity Funds

b)

Money Market Funds

c)

Balanced or Hybrid Funds

d)

Debt Funds

12.

3) As per the new guidelines issued by IRDA, in Open Architecture, a corporate agent can have multiple tie up with

a)

9 Life 9 Non Life and 9 Health Insurance

b)

5 Life 5 Non Life and 5 Health Insurance

c)

4 Non Life and 4 Health Insurance

d)

3 Life 3 Non Life and 3 Health Insurance

13.

8. In the latest guidelines by IRDA, in Pension fund, maximum of -----percentage of vesting amount should be invested with the same insurer for pension

a)

a. 60%

b)

b. 50%

c)

c. 80%

d)

d. 90%

14.

9. As per the latest regulation from IRDA, in a discontinued policy account minimum ----percentage of the return should be guaranteed by insurer

a)

a. 3%

b)

b. 4%

c)

c. 3.5%

d)

d. No such rates

15.

10. The new regulatory guidelines issued by IRDA, maximum ……percentage is allowed as FDI in insurance sector

a)

a. 50%

b)

b. 60%

c)

c. 74%

d)

66%

16.

1. If annual income is upto 3 lakhs what is the max percentage of premium that may be considered for premium payment .

a)

25% of Annual Income

b)

20% of Annual income.

c)

22% of Net Income

d)

25% of Net Income

17.

1. What is the maximum percentage SA allowed for a housewife in Term plan based on Husbands Life Coverage

a)

50%

b)

25%

c)

100%

d)

75%

18.

Voters ID card is accepted as Age Proof if DOB is Printed.

a)

True

b)

Partially true

c)

False

d)

None

19.

SA Eligibility of a 50 year old customer is how much time his annual income?

a)

10

b)

15

c)

12

d)

7

20.

Full form of IIB

a)

Indemnity Information Bureau

b)

Insurance intimation Bureau

c)

Insurance information Bureau

d)

Indemnity identification Bureau

21.

The returns earned from mutual funds are taxed under the head ……………..

a)

a. Income from House Property

b)

b. Salary Income

c)

c. Income from other sources

d)

d. Income from Capital gains

22.

………….. ratio is the percentage of total assets that are spent to run a mutual fund.

a)

a. expense

b)

b. income

c)

c. Profit

d)

d. Turnover

23.

……………….. of a mutual fund is the price at which units are bought or sold by investor.

a)

a. CP

b)

b. SP

c)

c. NAV

d)

d. NPV

24.

In ………………………. Investors buy shares of Companies who have announced bonus issues, and subsequently sell the original holding at a loss once the stock becomes ex-bonus.

a)

a. Dividend stripping

b)

b. Bonus stripping

c)

c. Capital stripping

d)

d. Asset stripping

25.

What is the maximum SA that can be offered to a student without equal insurance from parents?

a)

20 Lakhs

b)

50 Lakhs

c)

8 Lakhs

d)

25 Lakhs.

KPL 2023

Total questions: 25

Worksheet time: 9mins

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