IRDA Test Paper

Can you provide me previous year question paper of Agent Licensing Exam of Insurance Regulatory and Development Authority or IRDA?

[shikha]

The previous year question paper of Agent Licensing Exam of Insurance Regulatory and Development Authority or IRDA is as follwos:

1 Insurance works on the principle of
a Trust
b Sharing
c Randomness
d All of the above


2 Insurance is legitimate
a when an adverse happening is likely
b When an adverse happening is unlikely
c When an adverse happening is certain
d In all the above three situations


3 Insurance benefits replace
a All physical losses, in full
b All physical losses, partly
c All monetary losses, in full
d The monetary losses, but only to some extent


4 Which one of the following statements is correct?
a People hesitate to buy life insurance because they are not aware of their needs
b People hesitate to buy life insurance because they prefer to enjoy the present
c Both the statements are correct
d Both the statements are wrong


5 Which is the right time for taking life insurance?
a When you are about to get married
b Soon after you have got married
c Just when you are joined a new job
d All the three ‘times’ are right