MCQs on PLI/RPLI and Core Insurance Solutions-“Practice high-quality MCQs for the Inspector of Post Office (IPO) Exam covering key postal rules, procedures, and current schemes. Ideal for quick revision and accurate self-assessment based on the latest syllabus.”
1.Which year did PLI start for government employees?
A. 1882
B. 1884
C. 1895
D. 1900
[show_answer]The correct answer is: 1884 [/show_answer]
2.RPLI was introduced in:
A. 1985
B. 1995
C. 2000
D. 2005
[show_answer]The correct answer is: 1995 [/show_answer]
3.Which of these is not tracked by CIS?
A. Real-time policy management
B. Premium collection
C. Postal delivery status
D. Claims processing
[show_answer]The correct answer is: Postal delivery status[/show_answer]
4.CIF ID in CIS is used for:
A. Customer identification
B. Invoice tracking
C. Routing insurance letters
D. SMS alerts
[show_answer]The correct answer is: Customer identification [/show_answer]
5.What does PRB stand for?
A. Policy Receipt Book
B. Premium Receipt Book
C. Policy Renewal Book
D. Premium Renewal Bond
[show_answer]The correct answer is: Premium Receipt Book [/show_answer]
6.Which form confirms issuance of a policy bond?
A. Index Letter
B. CIS Alert
C. Bond Claim Form
D. PLI-2
[show_answer]The correct answer is: Index Letter [/show_answer]
7.From where does policy servicing, such as loans and revival, generally occur?
A. BO
B. HO
C. CPC
D. IPPB
[show_answer]The correct answer is: CPC [/show_answer]
8.For a loan against the policy, a policyholder must have paid premiums for at least:
A. 1 year
B. 2 years
C. 3 years
D. 5 years
[show_answer]The correct answer is: 3 years [/show_answer]
9.Policy revival is allowed within:
A. 3 years from lapse
B. 5 years from lapse
C. 7 years from lapse
D. Lifetime
[show_answer]The correct answer is: 5 years from lapse [/show_answer]
10.Maximum advance premium allowed is:
A. 6 months
B. 12 months
C. 18 months
D. 24 months
[show_answer]The correct answer is: 12 months [/show_answer]
