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SBI PO 2017 : Pre-joining Learning &

Certification
My home ► SBI PO 2017 : Pre-joining Learning & Certification ► General ► Assessment Test 6

Started on Thursday, 30 November 2017, 7:43 PM

State Finished
Completed on Thursday, 30 November 2017, 7:45 PM
Time taken 2 mins 14 secs
Marks 8.00/8.00
Grade 100.00 out of 100.00

Question 1 Sanjay hit a 14 year old boy on a bike with his car. The car fender got damaged,and the
Correct boy was badly injured and admitted to hospital.Sanjay had to pay INR 20,000 for the
boy's treatment.The repair of the fender cost him INR 6,000. He comes to you and asks
Mark 1.00 out of
how much he can claim on his auto insurance. What will you tell him?
1.00

Flag question Select one:

a. "Sir, the policy is for both property and third party insurance. So you can claim
INR 26,000 under the insurance"

b. "Sir, the policy does not cover damage due to negligence. You will not be able to
claim anything under the insurance"

c. "Sir, the policy is for property insurance. So you can claim INR 6,000 under the
insurance"

d. "Sir, the policy covers only accidents with injury to you.So you can claim only INR
6,000 for damage to your vehicle"

Question 2 Shyam has bought a smart TV.He has recently bought a new house in the outskirts of
Correct the city,where there has been some communal tension.He is worried.What would you
suggest?
Mark 1.00 out of
1.00
Select one:
Flag question
a. "Sir, The home insurance will take care of any damage due to riots in the area.
You can take an add on cover separately, for robbery"
b. "Sir, I suggest you go in for a comprehensive home insurance policy covering
structure and contents. The structure cover takes care of any damage due to riots in
the area,and your contents cover will take care of robbery and theft of your TV etc"

c. "Sir, The home insurance will take care of any damage due to riots in the area.
But please lock up your belongings,as there is no specifc insurance available for
this"
 d. "Sir, I suggest you go in for a comprehensive home insurance policy,which will
give you indefinite protection to your house and its contents for the whole of life"

Question 3 Manju has an endowment policy for 15 years. The premium is INR 3,000 payable
Correct monthly. The sum assured is INR 10 lakhs. She pays the premium for a period of 12
months,but is unable to make the payment for the next 3 months,due to an unforeseen
Mark 1.00 out of
travel overseas.She has a heart attack and dies on her way back home from the airport.
1.00
Her husband comes to you with the insurance policy. What would you tell him?
Flag question

Select one:
a. "Sir, the policy has lapsed,as Manju did not pay premium for 3 months. You will
however,get back the preimium amount that Manju has paid under the policy"
b. "Sir, the policy has lapsed,as Manju did not pay premium for 3 months. You will
not be able to claim anything under the policy"

c. "Sir, the policy has lapsed,as Manju did not pay premium for 3 months. You will
however get your sum assured,less any penal charges for non payment"
d. "Sir, the policy has lapsed,as Manju did not pay premium for 3 months. You will
however get your sum assured,less 3 months premium."

Question 4 Which of the following is true for an ULIP?

Correct
Select one:
Mark 1.00 out of
1.00 a. It is a high risk investment,and only for people well versed with financial markets.

Flag question b. The customer gets to choose his investment avenue.

c. The customer is allowed to switch his policy to an Endowment policy,in case

financial markets are not favourable.
d. The sum assured increases as the value of the investment increases.

Question 5 A customer comes to you and wants to understand what are open ended funds. You
Correct make the following statements. Which of them is incorrect?

Mark 1.00 out of

Select one:
1.00
a. They have no fixed maturity
Flag question
b. Fund corpus is fixed
c. Investors can buy and sell into the fund at any time

d. NAV is published daily

Question 6 A customer comes and asks you what is an SIP. You make the following statements.
Correct Which of the following is incorrect?

Mark 1.00 out of

Select one:
1.00
a. It helps a customer cover both 'ups' and 'downs' in the market over a period
Flag question
 b. It help in getting better weighted average cost for your investment

c. One can invest in small installments

d. SIPs have a lock-in period of 3 years

Question 7 ABC Ltd. launched an equity fund. It raises INR 100 crore through the issue. On a
Correct particular date, number of units outstanding were 10.5 crore, market value of all
investments was INR 150 crores, the dividend income accrued was INR 3 crores and
Mark 1.00 out of
expenses accrued totaled INR 1 crore. What is the NAV of each unit?
1.00

Flag question Select one:

a. INR 14.47

b. INR 14.98
c. INR 15.21

d. INR 14.25

Question 8 A customer wants to know what all is included in the NAV. You include the following.
Correct Which of them is incorrect?

Mark 1.00 out of

Select one:
1.00
a. Cash Balance
Flag question
b. Load
c. Expenses of the fund

d. Value of Investments

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SBI PO 2017 : Pre-joining Learning & Certification