Hi friends, here is the Objective Questions on POLI Rules 2011. So far we have covered 45 questions on Postal and Rural Postal Life Insurance Rules 2011. In this post, we will be covering another set of 15 more important questions. Those preparing for Inspector Posts Exam (IP Exam) and Postal Service Group B Examination (PS Gr.B Exam) will find these questions useful.
Further those attempting LGO Exams under Department of Posts like GDS/MTS to Postman Exam, GDS/MTS/Postman to PA Exam and GDS to MTS Exams.
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Check Complete Quiz on POLI Rules 2011 from here
Objective Questions on POLI Rules 2011
1. Which among the following is the Status of Medical Officer when Limit of Sum Assured is in excess of Rs.10lac?
(A)Civil Surgeon
(B)Dy. Civil Surgeon
(C)Assistant Civil Surgeon
(D)Retired Medical Officers (Gr. II)
Correct answer
(A)Civil Surgeon
2. Who among the following will appoint retired medical officers for examining PLI/RPLI proponents up to the limits as given in POLI rules?
(A)Divisional Head
(B)PLI Directorate
(C)Head of the Circle
(D)Director General Posts
Correct answer
(A)Divisional Head
3. When a proposal is not accepted after the proposer has been medically examined, within __ days, a second medical certificate shall be obtained?
(A)15 days
(B)30 days
(C)60 days
(D)90 days
Correct answer
(C)60 days
4. PLI/RPLI Premium is due on the?
(A)first day of the month
(B)last day of the month
(C)15th day of the month
(D)5th day of the month
Correct answer
(A)first day of the month
5. The first premium under PLI/RPLI must always be paid in? i. cash ii. cheque iii. online payment
(A)All the above
(B)Only i
(C)Only ii and iii
(D)Only i and ii
Correct answer
(D)Only i and ii
6. Under POLI Rules 2011, if an insured person resigns or retires or is dismissed from the service of Government, his policy?
(A)stands lapsed
(B)holds good so long as the premium due are regularly paid by him
(C)holds good till the end of that financial year and paid up value paid to him
(D)policy stands closed and 90% if paid up value returned to policy holder
Correct answer
(B)holds good so long as the premium due are regularly paid by him
7. A policy holder holding a policy other than Anticipated Endowment Assurance and 10 Year Rural PLI policy may __ apply for reduction of his monthly premium and sum assured without altering the class of his policy?
(A)after two years
(B)after three years
(C)after five years
(D)at any time
Correct answer
(D)at any time
8. Which among the following is/are correct with regard to conversion of policy as under POLI Rules 2011? i. Such conversions will be permitted only once on the duration of each policy without a fee ii. Second and subsequent conversions shall be subject to a small fee not exceeding Rs. 20/- or as may be fixed by the Department, in each case
(A)only i
(B)only ii
(C)Both i and ii
(D)None of the above
Correct answer
(C)Both i and ii
9. Under POLI Rules, cases of early death i.e. before completion of __ years from the date of Acceptance of a policy will be investigated thoroughly?
(A)One year
(B)Two year
(C)Three Years
(D)Five years
Correct answer
(C)Three Years
10. A policy other than an Anticipated Endowment Assurance, 10 Year Rural PLI and Children policy may be surrendered for an immediate payment in cash, provided the policy is of not less than ____years duration?
(A)Two years
(B)three years
(C)five years
(D)ten years
Correct answer
(B)three years
11. Revival of a policy shall be allowed on how many occasions during the entire term of the policy?
(A)Once
(B)Twice
(C)Thrice
(D)any number of occasions
Correct answer
(D)any number of occasions
12. Loan is not applicable in respect of which among the following policies? i. Anticipated Endowment Assurance ii. Ten year Rural PLI iii. Children policies
(A)Only ii and iii
(B)Only iii
(C)Only i
(D)All the above
Correct answer
(D)All the above
13. The maximum admissible amount of loan will be % of surrender value of the policy which will be subject to the condition that amount of loan should not become less than Rs._.
(A)80% and Rs.5000/-
(B)100% and Rs.2500/-
(C)90% and Rs.1000/-
(D)70% and Rs.500/-
Correct answer
(C)90% and Rs.1000/-
14. Under POLI Rules, Interest will be charged @ __% per annum compounding half yearly from the date of disbursement of loan and should be paid on or before the dates specified in the loan bond and loan repayment receipt book?
(A)10%
(B)8.5%
(C)RD Interest Rate + 2%
(D)12%
Correct answer
(A)10%
15. Maximum sum assured under Children Policy (Bal Jeevan Bima) in PLI?
(A)Rs.10 Lakh
(B)Rs.5 Lakh
(C)Rs.3 Lakh
(D)Rs.2 Lakh
Correct answer
(C)Rs.3 Lakh
Useful MCQ Questions link
- MCQ Series on Postal Manual Volume II
- MCQ Series on Postal Manual Volume III
- MCQ Series on Postal Manual Volume IV
- MCQ Series on Postal Manual Volume V
- MCQ Series on Postal Manual Volume VI
- MCQ Quiz on POLI Rules 2011
- MCQ Quiz on Post Office Savings Scheme
- MCQ Quiz on RTI Act 2005
- Children Education Allowance (CEA) Quiz