Round 4
What is the purpose of a Virtual Private Network (VPN) in the context of corporate cybersecurity?
a) Block access to dangerous websites,
b) Encrypt internet traffic,
c) Speed up connections,
d) Manage advertising
b) Encrypt internet traffic
What is the retirement age of High Court judges in India
a) 60
b) 61
c) 62
d) 65
b) 62
Max Life Insurance collaborates with which NBFC for sharing policy details within the Account Aggregator ecosystem?
a) Bajaj Finance
b) FinVu
c) Axis Bank
d) HDFC Finance
b) FinVu
In the context of insurance, 'moral hazard' refers to:
a) The risk of a policyholder intentionally causing a loss to gain from insurance
b) The risk of insurance agents misleading the customers
c) The risk of insurers avoiding to pay claims
d) The risk of policyholders being unaware of policy terms
a) The risk of a policyholder intentionally causing a loss to gain from insurance
What is the purpose of 'encryption' in cybersecurity?
a) Scramble data for authorized access
b) Block access to websites
c) Store large data securely
d) Slow down attacks
a) Scramble data for authorized access
The Reserve Bank of India was established in which year?
a) 1935
b) 1947
c) 1950
d) 1965
a) 1935
In which year, MLI had tie-up with Axis bank as a bancassurance partner
a) 2010
b) 2011
c) 2009
d)2012
a) 2010
In insurance, what does the term 'anti/adverse selection' refer to?
a) Insurers selecting only low-risk individuals
b) High-risk individuals being more likely to purchase insurance
c) Insured individuals selecting multiple policies for the same risk
d) Insurers rejecting all high-risk applicants
b) High-risk individuals being more likely to purchase insurance
In which year was the Prevention of Money Laundering Act enacted?
a) 1999
b) 2000
c) 2002
d) 2005
c) 2002
In which year was GST introduced in India?
a) 2015
b) 2016
c) 2017
d) 2018
c) 2017
What is the solvency ratio of Max Life Insurance as per public disclosure 2023-24?
a) 182%
b) 172%
c) 178%
d) 188%
b) 172%
The principle of subrogation in insurance allows the insurer to:
a) Take over the legal rights of the insured to recover losses from a third party after compensating the insured
b) Deny any further claims from the insured after compensation
c) Increase the insured's coverage without notice
d) Automatically renew the insurance policy after claim settlement
a) Take over the legal rights of the insured to recover losses from a third party after compensating the insured
Which agency in India is responsible for enforcing the provisions of PMLA?
a) Enforcement Directorate (ED)
b) Central Vigilance Commission (CVC)
c) National Investigation Agency (NIA)
d) FIU India
a) Enforcement Directorate (ED)
Which is India's largest trading partner as of 2024, including all sectors?
a) United States
b) China
c) United Arab Emirates
d) European Union
b) China