Yes I will get the IRDA, Junior Officer exam paper so that you can have idea and remember easily.

Here is the exam paper
1. Insurance is a mechanism to reduce impact of adverse events on
a) Non-value generating assets.
b) Value generating assets.
c) Current assets
d) Fixed assets

2. Perils could be a) Uncertain b) Certain c) Definite d) Unlikely

3. Insurance is a function of
a) Uncertainty
b) Life
c) Society
d) Loss

4. Insurance works on the principle of
a) Sharing of profits
b) Sharing of assets
c) Sharing of losses
d) Sharing of expenses

5. A) Life Insurance protects the life of the insured. B) Life Insurance minimizes the financial impact of untimely death.
a) A is correct
b) B is correct
c) Both A & B are correct
d) Both A & B are wrong

6. Occurrence of ----- has to be ------ & not a -------- of the insured person.
a. peril, uncertain, creation
b. event, certain, creation
c. risk, hazardous, profit
d. event, random, creation

7. For getting insurance you need to pay ------- and get compensated by -----.
a) Compensation, Claims
b) Claims, Premium
c) Premium, Claims
d) Fees, Claims

8. ------------ is the process, which prevents entry of people who do not share the same risk.
a) New Business
b) Valuation
c) Underwriting





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Attached Files

IRDA, Junior Officer exam paper.pdf (503.0 KB, 49 views)