IC24 – LEGAL ASPECTS OF LIFE ASSURANCE – 12

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Que. 1 : Q1) According to Section 40A, any default in
complying with this provision shall be punishable with fine which may extend
upto _______.

   1.  a) Rs. 200

   2.  b) Rs. 300

   3.  c) Rs. 400

   4.  d) Rs. 500

Que. 2 : Q2) Which of the following was correct about the
Section 106 of the Transfer of Property Act, 1982?

   1.  a) defines a lease

   2.  b) specifies the duration of the lease
which requires registration

   3.  c) Provides how a lease can be made

   4.  d) enumerated the rights and liabilities
of lessor and lessee.

Que. 3 : Q3) All instruments chargeable with duty and
executed in India shall be stamped before or at the time of execution. Say
whether True of False.

   1.  a) True

   2.  b) False

   3.  

   4.  

Que. 4 : Q4) Section 21 empowers the ______________ to give
directions to the Corporation in matters of policy involving public interest
and the Corporation shall be guided by such directions.

   1.  a) Central Government

   2.  b) State Government

   3.  c) IRDA

   4.  d) RBI

Que. 5 : Q5) Which chapter related to establishment and
running of consumer protection councils at the Central and State levels and the
Objects of the Council are to promote and Protect certain rights of consumers?

   1.  a) Chapter I

   2.  b) Chapter II

   3.  c) Chapter III

   4.  d) Chapter IV

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