Seed Quiz For Sms

30 Questions

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Seed Quiz For Sms


Questions and Answers
  • 1. 
    Financial planning helps you achieve
    • A. 

      Financial Success

    • B. 

      Financial Security

    • C. 

      Wealth

    • D. 

      Financial Happiness

    • E. 

      All of the above

  • 2. 
    Real Returns means
    • A. 

      Nominal Return

    • B. 

      Annual Return

    • C. 

      Absolute Return

    • D. 

      Inflation adjusted return

  • 3. 
    Risk Analysis is
    • A. 

      Taking known risks

    • B. 

      Transferring Risks

    • C. 

      Defining & Analyzing dangers

    • D. 

      Managing losses

  • 4. 
    Insurance works on the Principle of …………….
    • A. 

      Risk Retention

    • B. 

      Risk Control

    • C. 

      Risk Transfer

    • D. 

      Risk Avoidance

  • 5. 
    How many years will it take to double your money if interest rate is 9%
    • A. 

      8 Years

    • B. 

      8 Years & 6 Months

    • C. 

      8 Years & 3 Months

    • D. 

      8 Years & 9 Months

  • 6. 
    How many years will it take to triple your money if interest rate is 8%
    • A. 

      14 Years & 3 Months

    • B. 

      15 Years

    • C. 

      15 Years & 6 Months

    • D. 

      14 Years & 9 Months

  • 7. 
    Fund option available in Kotak Super Advantage Plan are
    • A. 

      Classic Opportunities Fund

    • B. 

      Opportunities Fund

    • C. 

      Dynamic Growth Fund

    • D. 

      None of the above

  • 8. 
    Kotak Super Advantage can be pitched for __________
    • A. 

      Child education / marriage planning,

    • B. 

      Retirement planning

    • C. 

      High insurance cover with maturity value.

    • D. 

      All of the above

  • 9. 
    Surrender charges in KSAP are
    • A. 

      4th year – 4%

    • B. 

      4th year – 2%,

    • C. 

      5th year – 1%,

    • D. 

      6th year onwards – 0%

  • 10. 
    In KSAP, the dynamic advantage is ________of average of the Fund value of __________policy years
    • A. 

      1.5%, 8th 9th and 10th year

    • B. 

      2%; in last 3 year

    • C. 

      3%; of the last 3 years

    • D. 

      All of the above

  • 11. 
    The first year premium is shown as ____________in the benefit illustration
    • A. 

      Fund Value

    • B. 

      100% charge

    • C. 

      50 % charge 50% investment

    • D. 

      Not shown

  • 12. 
    Maximum Sum Assured available under KSAP will not be more than
    • A. 

      Policy term * AP

    • B. 

      N * BP

    • C. 

      N * CP

    • D. 

      N * DP

  • 13. 
    Who is the beneficiary in the Headstart plan
    • A. 

      Parents

    • B. 

      Child

    • C. 

      Parent and child

    • D. 

      None

  • 14. 
    What is the objective of DFF II?
    • A. 

      To protect 85% of the net investment

    • B. 

      Aims to provide stable, long-term inflation beating growth

    • C. 

      To protect 95% of the net investment

    • D. 

      To protect 100% of the net investment

  • 15. 
    What is the entry age for life insured in HS: Minimum age________ Maximum age______
    • A. 

      Minimum age:18 yr Maximum age 70 yr

    • B. 

      Minimum age:20 yr Maximum age 60 yr

    • C. 

      Minimum age:18 yr Maximum age 60 yr

    • D. 

      Minimum age:18 yr Maximum age 65 yr

  • 16. 
    The fund available with Head start is
    • A. 

      Kotak Aggressive Fund

    • B. 

      Kotak Pension Opportunities Fund

    • C. 

      Kotak Opportunities Fund

    • D. 

      Kotak Classic Opportunities Fund

  • 17. 
    Which of the following investment option are available in Head start Future Protect – Single Life.
    • A. 

      Kotak Classic Opportunities Fund

    • B. 

      Kotak Guaranteed Money Market

    • C. 

      Kotak Group Aggressive Growth

    • D. 

      Kotak Opportunities Fund

  • 18. 
    What is the minimum equity exposure in Classic Opportunities Fund for Headstart Future Protect – Single Life
    • A. 

      Equity exposure of 70%

    • B. 

      Equity exposure of 60%

    • C. 

      Equity exposure of 65%

    • D. 

      Equity exposure of 75%

  • 19. 
    Human Life Value is
    • A. 

      Amount paid by govt. during calamities

    • B. 

      Future earning power of the individual

    • C. 

      Money saved during the life time

    • D. 

      Net present value of all potential future earnings

  • 20. 
    Segmentation is
    • A. 

      Selling to people you know

    • B. 

      Removing people from sales list

    • C. 

      List of people due to pay their premiums

    • D. 

      Identification of different groups of people

  • 21. 
    Natural market will suffice for calls only for a few weeks
    • A. 

      True

    • B. 

      False

  • 22. 
    An Objection is
    • A. 

      Rejection

    • B. 

      Use of abusive language by customer

    • C. 

      Denial to close the sale

    • D. 

      A point of resistance

  • 23. 
    The best way to handle the objections raised by the customer is to argue with the customer on the objection raised.
    • A. 

      True

    • B. 

      False

  • 24. 
    Questioning Skills help in extracting information from the customer
    • A. 

      True

    • B. 

      False

  • 25. 
    Grid helps in
    • A. 

      Knowing the people

    • B. 

      Selling to people in the list

    • C. 

      Referring the people we know to others

    • D. 

      Identifying the right people

  • 26. 
    You should follow the Grid because
    • A. 

      It is the Company Policy

    • B. 

      Company has born the development charges

    • C. 

      It is a fun exercise

    • D. 

      It helps to select the right prospective LA

  • 27. 
    We should offer the LA…
    • A. 

      Money

    • B. 

      Foreign Tours

    • C. 

      Career Opportunity

    • D. 

      Higher Commissions

  • 28. 
    The main role of a Life Advisor is to
    • A. 

      Meet people whom they already know

    • B. 

      Provide Need based Solutions

    • C. 

      Understand their Future Financial requirements

    • D. 

      Provide an ongoing service

    • E. 

      All of the above

  • 29. 
    What should you pitch in telephone interviews?
    • A. 

      Money

    • B. 

      Products

    • C. 

      “Selling a Meeting” to “Sell a Career”

    • D. 

      High Commission

  • 30. 
    An LA should be independent for
    • A. 

      Travelling more

    • B. 

      Selling more

    • C. 

      Earning more

    • D. 

      Talking more