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Calculate the death claim amount if the assured dies in the 25th year of the policy. Money back policy with SA of Rs. 50000. Term is 25 years. Survival benefits of 10% each paid at the end of 5th , 10th, 15th, and 20th years. Accrued bonus of Rs. 500 per thousand of SA.Interim bonus of Rs. 75 per 1000 of SA.
A. 0
B. 1
C. 2
D. 3
Answer: C
NEW QUESTION: 2
A. 0
B. 1
C. 2
D. 3
Answer: C
NEW QUESTION: 3
The FINRA markup policy requires that over-the-counter transactions with a customer be at:
A. a markup based on previous activity in the customer's account
B. prices reasonably related to the dealer's cost
C. prices reasonably related to the current market price of the security
D. a markup not to exceed 5% of the current offering price
Answer: C
Explanation:
prices reasonably related to the current market price of the security. All markups must be
based upon the current market rather than the dealer's cost.
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