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PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Insurance Exams MCQ


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30 Questions MCQ Test PFRDA Assistant Manager Mock Test Series 2025 - PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1)

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) for Insurance Exams 2025 is part of PFRDA Assistant Manager Mock Test Series 2025 preparation. The PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) questions and answers have been prepared according to the Insurance Exams exam syllabus.The PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) MCQs are made for Insurance Exams 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) below.
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PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 1

Directions: Read the following passage carefully and answer the questions given beside.

The second-largest colony of emperor penguins in the world appears to be collapsing, after rough seas drowned all of its babies three winters in a row.

The Halley Bay colony once accounted for 5 to 9% of the global emperor penguin population, according to the British Antarctic Survey (BAC), which reported the catastrophe. That amounted to about 15,000 to 24,000 adult breeding pairs. But in 2016, the sea-ice platform on which the colony was raising its babies collapsed during rough weather, throwing infant penguins unable to swim into the frigid water. In 2017 and 2018, the rough weather pattern repeated itself.

The birds arrive at the site from their summer sea jaunts each April to breed; for the resulting chicks to survive, the site has to remain stable throughout the Southern Hemisphere’s winter, which lasts until December.

By 2018, a handful of adults — a "few hundred," or about 2 percent of the original population — turned up at the Halley Bay site, the researchers reported. The remaining colony appeared in disarray, with adults moving closer to the ice edge than is typical, and was difficult to count scattered among the roughened chunks of ice.

The good news is that at least some of the colony appears to have moved, rather than died out. The Dawson-Lambton Glacier colony 34 miles (55 kilometres) to the south has significantly swelled in numbers since the devastation of Halley Bay, the BAC reported. That colony, which had hit a low of just 1,280 pairs in the 2015 season, swelled in each succeeding year. In 2016, it reached 5,315 pairs. In 2017, there were 11,117 pairs. And by 2018, a full 14,612 pairs set up camp at the site.

Q. “Halley Bay” colony and “Dawson-Lambton Glacier” colony are related to which of the following?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 1

Refer to:
The Halley Bay colony once accounted for 5 to 9% of the global emperor penguin population, ...
The Dawson-Lambton Glacier colony 34 miles (55 kilometers) to the south has significantly swelled in numbers ...
Clearly, option B is correct.

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 2

Direction: Each question below has one blank, which is indicating that something has been omitted. Find out which option can be used to fill up the blank in the sentence in the same sequence to make it meaningfully complete. 

Mortgage or home loan _____________ is essentially a life policy that covers the borrower against the non-payment of loan in case of his / her death.

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 2

In the given context we are talking about something that will cover against any default in the home loans in case of untimely death of the borrowers. It is going to be a cover against any kind of unforeseen circumstances during the currency of the loan. Only insurance cover will be able to cover against such issues. Therefore, the correct word would be insurance whereas the rest cannot be used since they do not imply the correct meaning of the given sentence.  

This makes Option C the correct choice among the given options.

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 3

Directions: In the following questions, a sentence is given with two blanks. You have to find the pair of words from the given options that fit both the blanks in the given order and make the sentence grammatically and contextually correct. 

While the practice _______ food security it does not _______ adequate cash for the families.

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 3

Option A – “Assure” is grammatically incorrect, With singular subject verb should also be singular.

Option B – Due to the above mentioned reason “Provide” is also incorrect. 

Option C – “Allows” does not fit in the first blank as it brings absurdity to the context of the sentence. 

Option D- Both the words are grammatically as well as contextually correct. 

Hence option D is correct. 

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 4

Direction: In the passage given below there are 5 words given and each of these words is represented by a letter. For each word four alternative words are given as options A, B, C and D. You have to find which word among the options best replaces the already given word. 

In the Open Budget Survey, which was conducted by International Budget Partnership (IBP), India has been placed at 53rd position among 117 nations in terms of budget transparency and accountability. With the score higher than the ____ A ____ average, our nation scored 49 out of 100 whereas New Zealand topped with a score of 87.
This survey was conducted to encourage public ____ B ____ to budget information and the ____ C ____ of explicable systems of budget. The areas where India lagged are ‘the Pre-Budget Statement’ and the non ____ D ____ of ‘Mid Year Review’ in FY 2018-19.
In order to ensure that the hard-earned public resources are used satisfactorily and meticulously, a high degree of ____ E ____ needs to be maintained with government finances.

Q. Select the most appropriate option that will fill in the blank (C)

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 4

Refer to:

‘the ____ C ____ of explicable systems of budget.’

We can clearly see that the blank will preferably be filled by a noun.

Therefore verbs like ‘validate’, ‘ratify’ (to confirm something) and ‘gratify’ (satisfy) will be eliminated.’

‘Adoption of explicable systems of budget’ perfectly explains the entire passage contextually.

Option A is hence the correct answer.

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 5

Direction: In the passage given below there are 5 words given and each of these words is represented by a letter. For each word four alternative words are given as options A, B, C and D. You have to find which word among the options best replaces the already given word. 

In the Open Budget Survey, which was conducted by International Budget Partnership (IBP), India has been placed at 53rd position among 117 nations in terms of budget transparency and accountability. With the score higher than the ____ A ____ average, our nation scored 49 out of 100 whereas New Zealand topped with a score of 87.
This survey was conducted to encourage public ____ B ____ to budget information and the ____ C ____ of explicable systems of budget. The areas where India lagged are ‘the Pre-Budget Statement’ and the non ____ D ____ of ‘Mid Year Review’ in FY 2018-19.
In order to ensure that the hard-earned public resources are used satisfactorily and meticulously, a high degree of ____ E ____ needs to be maintained with government finances.

Q. Select the most appropriate option that will fill in the blank (A)

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 5

Refer to:

‘With the score higher than the ____ A ____ average, our nation scored 49 out of 100 whereas New Zealand topped with a score 87.’

By reading this sentence carefully, we can deduce that the survey included many countries worldwide and not just a particular region.

Therefore options like ‘partial’ and ‘regional’ are eliminated here as they contradict the statement.

‘additive’ is contextually unfit.

Now the phrase ‘global average’ is more relevant than ‘inclusive average’.

Option B is hence the correct answer.

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 6

There are / no conducted tours / for tourist to visit all the / important places.

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 6

Replace, tourist by tourists.

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 7

A bus covered 25% of the distance at the speed of 50 km/h. 40% of the distance at 80 km/h and the remaining distance at 70 km/hr. If in the next day, the speed of the bus driver is 175% of the average speed of the previous day, then find the time taken to complete the 486 km distance by bus.

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 7
Let the total distance be 100 km.

25% of the total distance = 25 km

40% of the total distance = 40 km

Remaining distance = 100 – 25 – 40 = 35 km

Average speed = total distance/total time

100/(25/50 + 40/80 + 35/70)= 100/(3/2) = 200/3 = 66.66 km/hr

Speed of bus on next day = 66.66 × 175/100 = 116.66 km/hr

Time taken by bus to cover the distance = 486/116.66 = 4.16 hours

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 8

Study the following information and answer the given questions.

The bar graph shows the production of the total number of vehicles and the total number of 2-wheeler in different years in a company.

Note: Total number of Vehicle = number of 2-wheeler + number of 4-wheeler

If 40% of the non-defective4-wheelers are unsold in year 2013 then what percentage 4-wheeler sold of the non-defective 2-wheelers in that year?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 8

Total number of 4-wheeler in year 2010 = 1530 – 750 = 780

Total number of 4-wheeler in year 2011 = 1440 – 840 = 600

Total number of 4-wheeler in year 2012 = 1860 – 950 = 910

Total number of 4-wheeler in year 2013 = 1460 – 920 = 540

Total number of 4-wheeler in year 2014 = 1900 – 1050 = 850

Number of defective 2-wheeler in 2010 = 750 × 18/100 = 135

Number of defective 2-wheeler in 2011 = 840 × 15/100 = 126

Number of defective 2-wheeler in 2012 = 950 × 12/100 = 114

Number of defective 2-wheeler in 2013 = 920 × 20/100 = 184

Number of defective 2-wheeler in 2014 = 1050 × 22/100 = 231

Number of non-defective 2-wheeler in 2010 = 750 – 135 = 615

Number of non-defective 2-wheeler in 2011 = 840 – 126 = 714

Number of non-defective 2-wheeler in 2012 = 950 – 114 = 836

Number of non-defective 2-wheeler in 2013 = 920 – 184 = 736

Number of non-defective 2-wheeler in 2014 = 1050 – 231 = 819

Number of defective 4-wheeler in 2010 = 780 × 15/100 = 117

Number of defective 4-wheeler in 2011 = 600 × 13/100 = 78

Number of defective 4-wheeler in 2012 = 910 × 10/100 = 91

Number of defective 4-wheeler in 2013 = 540 × 15/100 = 81

Number of defective 4-wheeler in 2014 = 850 × 18/100 = 153

Number of non-defective 4-wheeler in 2010 = 780 – 117 = 663

Number of non-defective 4-wheeler in 2011 = 600 – 78 = 522

Number of non-defective 4-wheeler in 2012 = 910 – 91 = 819

Number of non-defective 4-wheeler in 2013 =540 – 81 = 459

Number of non-defective 4-wheeler in 2014 = 850 – 153 = 697

Number of sold 4-wheelers in year 2013 = 459 × (100 – 40)/100 = 459 × 60/100 = 275.4

Required percentage = 100 × 275.4/736 = 37.42%

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 9

Directions: The pie chart given below shows the distribution of population across seven different states in a particular year. The table shows sex and literacy ratios. Based on the given information, answer the following question:
The total population of the given states is 3276000


What was the total number of illiterate Female in AP and MP?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 9

Total number illiterate people in AP and MP = ((7/9) × 27% + (4/5) × 21%) × 32,76,000 = (21 + 16.8) × 32,760 = 12,38,328

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 10

Directions: Study the following information to answer the given question.

Number of students who appeared in SSC examination from five schools over the years

Number of students that appeared in 2006 from school A is what percentage of the total number of students that appeared from school A for all the years together?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 10
Students that appeared in 2006 from school A = 800.

Total number of students appearing in all 5 years from school A = 650 + 700 + 800 + 750 + 850 = 3750.

Percentage of students that appeared in 2006 as compared to the total students that appeared in all 5 years

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 11

Study the following information and answer the given questions.

The bar graph shows the production of the total number of vehicles and the total number of 2-wheeler in different years in a company.

Note: Total number of Vehicle = number of 2-wheeler + number of 4-wheeler

Find the difference between the number of defective 2-wheelers in all years and the number of defective 4-wheelers in all years.

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 11
Total number of 4-wheeler in year 2010 = 1530 – 750 = 780

Total number of 4-wheeler in year 2011 = 1440 – 840 = 600

Total number of 4-wheeler in year 2012 = 1860 – 950 = 910

Total number of 4-wheeler in year 2013 = 1460 – 920 = 540

Total number of 4-wheeler in year 2014 = 1900 – 1050 = 850

Number of defective 2-wheeler in 2010 = 750 × 18/100 = 135

Number of defective 2-wheeler in 2011 = 840 × 15/100 = 126

Number of defective 2-wheeler in 2012 = 950 × 12/100 = 114

Number of defective 2-wheeler in 2013 = 920 × 20/100 = 184

Number of defective 2-wheeler in 2014 = 1050 × 22/100 = 231

Number of non-defective 2-wheeler in 2010 = 750 – 135 = 615

Number of non-defective 2-wheeler in 2011 = 840 – 126 = 714

Number of non-defective 2-wheeler in 2012 = 950 – 114 = 836

Number of non-defective 2-wheeler in 2013 = 920 – 184 = 736

Number of non-defective 2-wheeler in 2014 = 1050 – 231 = 819

Number of defective 4-wheeler in 2010 = 780 × 15/100 = 117

Number of defective 4-wheeler in 2011 = 600 × 13/100 = 78

Number of defective 4-wheeler in 2012 = 910 × 10/100 = 91

Number of defective 4-wheeler in 2013 = 540 × 15/100 = 81

Number of defective 4-wheeler in 2014 = 850 × 18/100 = 153

Number of non-defective 4-wheeler in 2010 = 780 – 117 = 663

Number of non-defective 4-wheeler in 2011 = 600 – 78 = 522

Number of non-defective 4-wheeler in 2012 = 910 – 91 = 819

Number of non-defective 4-wheeler in 2013 =540 – 81 = 459

Number of non-defective 4-wheeler in 2014 = 850 – 153 = 697

Number of defective 2-wheelers in years = 135 + 126 + 114 + 184 + 231 = 790

Number of defective 4-wheelers in years = 117 + 78 + 91 + 81 + 153 = 520

Difference = 790 – 520 = 270

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 12

Directions: Study the following information to answer the given question.

Number of students who appeared in SSC examination from five schools over the years

What is the average number of students who appeared for SSC exam from school B for all the years?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 12
Total number of students who appeared for SSC exam from school B = 760 + 740 + 820 + 880 + 840 = 4040

Total number of years = 5

∴ Required average = = 808

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 13

Find the wrong term in the following number series.

36, 80, 150, 252, 396, 575

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 13
The series follows pattern as,

32 + 33 = 9 + 27 = 36

42 + 43 = 16 + 64 = 80

52 + 53 = 25 + 125 = 150

62 + 63 = 36 + 216 = 252

72 + 73 = 49 + 347 = 396

82 + 83 = 64 + 512 = 576

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 14

Directions: Study the information carefully and answer the question that follows.

K, L, M, N, O, P and Q took an exam for getting employment in a multi-national company and got ranks according to the marks secured. Rank 1 is the highest and Rank 7 is the lowest. They attempted different number of questions. Number of questions attempted by them were 63, 61, 56, 55, 54, 52 and 49, but not necessarily in the same order.

P attempted the least number of questions. Q scored less than K but attempted more questions than him. Only two persons scored less than N and three persons scored more than M. O attempted the highest number of questions. Number of questions attempted by L were more than the number of questions attempted by K. L scored more than P but less than O. Q did not score more than L. Q scored less than P. O did not score the highest marks. N attempted more number of questions than M but less number of questions than K. The one who scored the least marks attempted more questions than L.

Who scored the highest marks?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 14

K scored the highest marks.

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 15

Study the following information carefully and answer the below questions

Point K is 8km east of point L and 8km north of Point M. Point A is west of point M and South of point L. Point O is 4km west of point A and 4km south of point G which is west of point P. Point P is north of point A. Point Z is 5km south of point A. Point S is 6km north of Point L.

What is the shortest distance of point S with respect to point Z?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 15

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 16

Directions: In the following question, relationship between different elements is shown in the statement. The statement is followed by conclusions. Study the conclusions based on the given statement and select the appropriate answer.

Statement:

U ≥ V > C < D > O, P ≤ C < V < Q < R

Conclusions:

I. U ≤ P

II. O > R

III. V > P

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 16
Conclusions

I. U ≤ P - From U ≥ V > C and P ≤ C, U > P. So, this is false.

II. O > R - From C < D > O and C < V < Q < R, no relation can be obtained. So, this is false.

III. V > P - From P ≤ C < V, P < V or V > P. So, this is true.

So, only conclusion III is true.

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 17

Read both the conclusions and then decide which of the given conclusions logically follows from the given statements disregarding commonly known facts.

Give Answer:

a) If Only conclusion I follow.

b) If Only conclusion II follows.

c) If either conclusion I or II follows.

d) If Neither conclusion I nor II follows.

e) If both conclusions I and II follow.

Statement

Only a few January is February

All February is March

No March is April

Conclusion

I. Some February is April

II. All January can be March

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 17

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 18

Read both the conclusions and then decide which of the given conclusions logically follows from the given statements disregarding commonly known facts.

Give Answer:

a) If Only conclusion I follow.

b) If Only conclusion II follows.

c) If either conclusion I or II follows.

d) If Neither conclusion I nor II follows.

e) If both conclusions I and II follow.

Statement

Only a few Fish is Dog

All Fish is Cat

Only a Cat is Horse

Conclusion

I. Some Cat being Dog is a possibility

II. Some Fish is Horse

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 18

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 19

Directions: Study the following information to answer the given question.

In a certain code,

'their house was big' is written as i21@, c9$ x1# u5%

'hence pig got happy' is written as h15& i16* i14@ q9$

'where symbols never dance' is written as o22% e14@ t2# x5@

'final exams are approaching' is written as g14^ b18@ b1$ f1#

What is the code for 'apple'?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 19
First letter of the code is next letter to the first letter of the word in alphabet.

The number in code represents the alphabetic position of exact middle letter of each word. (a = 1, b = 2, c = 3…)

Last letter of the word represents specific symbol corresponding to that letter.

From first statement,

code of 'their' is u5% ---(+ 1 letter of t is u)(middle letter is e and e = 5). So, last letter r = %

code of 'house' is i21@ ---(+ 1 letter of h is i)(middle letter is u and u = 21). So, last letter e = @

code of 'was' is x1# ---(+1 letter of w is x)(middle letter is a and a = 1). So, last letter s = #

code of 'big' is c9$ ---(+1 letter of b is c)(middle letter is i and i = 9). So, last letter g = $

Similarly, from second statement

t = & y = *

Similarly, from fourth statement, l = ^

First letter a + 1 = b

Middle letter p = 16

Last letter e = @

So, answer is "b16@".

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 20

Directions: Study the following information to answer the given questions:

In a certain code,

'their house was big' is written as i21@, c9$ x1# u5%

'hence pig got happy' is written as h15& i16* i14@ q9$

'where symbols never dance' is written as o22% e14@ t2# x5@

'final exams are approaching' is written as g14^ b18@ b1$ f1#

What is the code for 'wig set'?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 20
First letter of the code is next letter to the first letter of the word in alphabet.

The number in code represents the alphabetic position of exact middle letter of each word. (a = 1, b = 2, c = 3…)

Last letter of the word represents specific symbol corresponding to that letter.

From first statement,

code of 'their' is u5% ---(+ 1 letter of t is u)(middle letter is e and e = 5). So, last letter r = %

code of 'house' is i21@ ---(+ 1 letter of h is i)(middle letter is u and u = 21). So, last letter e = @

code of 'was' is x1# ---(+1 letter of w is x)(middle letter is a and a = 1). So, last letter s = #

code of 'big' is c9$ ---(+1 letter of b is c)(middle letter is i and i = 9). So, last letter g = $

Similarly, from second statement

t = & y = *

Similarly, from fourth statement, l = ^

Wig --- First letter w + 1 = x

Middle letter i = 9

Last letter g = $

So, the code is "x9$"

Similarly, for 'set', code is "t5&"

So, the required code is "x9$ t5&".

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 21

Directions: Read the following information carefully and answer the question that follows.

A, B, C, D, E, F, G and H are sitting in a row but not necessarily in the same order. Two of them are facing South and the rest are facing North. Two persons are sitting between those who are facing South. A is third to the left of E. D is facing the opposite direction of A and G. H and E are sitting at extreme ends. F and H are immediate neighbours and they are facing the same direction. The immediate neighbour of A is facing South. C is fourth to the left of G.

Who is sitting third to the right of the person sitting between A and G?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 21
The seating arrangement is as follows.

D is sitting between A and G. D is facing South and C is sitting third to the right of D.

Hence, option (2) is correct.

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 22

If all the letters of the word “EXECUTION” are arranged in the alphabetical order from the right end, then how many consonants appear at the even-numbered position from the right end after the rearrangement?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 22
EXECUTION

XUTONIEEC

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 23

What is the significance of the guidelines issued by the Delhi High Court regarding Medical Termination of Pregnancy (MTP) in sexual assault cases?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 23

The guidelines issued by the Delhi High Court aim to ensure timely and sensitive medical care for survivors of sexual assault by addressing procedural errors and miscommunications that have caused delays in the Medical Termination of Pregnancy (MTP) process. These guidelines seek to improve hospital procedures and uphold the rights of survivors, particularly minors, by providing immediate medical attention, eliminating unnecessary identity verification barriers, and emphasizing informed consent. By implementing these guidelines, the court aims to enhance the overall experience and well-being of survivors during such critical and sensitive procedures.

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 24

Consider the following pairs regarding the Delhi High Court guidelines for Medical Termination of Pregnancy (MTP) in sexual assault cases:

1. Identity Verification - No separate ID verification is needed if the survivor is a minor.

2. Immediate Medical Attention - Hospitals must conduct examinations within 24 hours of arrival.

3. Medical Board Formation - Required immediately when gestation exceeds 24 weeks without court orders.

4. Informed Consent - Consent must be obtained in the presence of police.

How many pairs given above are correctly matched?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 24

1. Identity Verification - Incorrect. The guideline specifies that no separate ID verification is needed if the survivor is with police and has an FIR, not specifically related to the survivor being a minor.

2. Immediate Medical Attention - Incorrect. The guideline requires hospitals to conduct comprehensive examinations on the arrival of pregnant sexual assault survivors, but it does not specify a 24-hour timeframe. The emphasis is on immediate attention without delay.

3. Medical Board Formation - Correct. Hospitals must form a medical board immediately when gestation exceeds 24 weeks without waiting for court orders.

4. Informed Consent - Incorrect. The guideline specifies that consent for MTP must be obtained in a language understood by the survivor or guardian, not necessarily in the presence of police.

Thus, only pairs 3 are correctly matched.

PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 25

The IRDAI was incorporated as a statutory body on?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 25

The IRDAI(Insurance Regulatory and Development Authority of India) was incorporated as a statutory body on 19th April 2000.

  • It is an independent, legislative body responsible for overseeing and promoting the Indian insurance and reinsurance industries.
  • It was established by the Insurance Regulatory and Development Authority Act, 1999, a legislative act passed by the Indian Government.
  • The headquarters of the organization are in Hyderabad, Telangana where it relocated in 2001 from Delhi.
  • Subhash Chandra Khuntia is the chairman of IRDAI.
PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 26

When was Triton Insurance Company Ltd established?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 26
  • Triton Insurance CO LTD is a Non-govt company, incorporated on 04 Jul 1918.
  • It's a public unlisted company and is classified as a company limited by shares'.
  • The company's authorized capital stands at Rs 23.0 lakhs and has 0.0% paid-up capital which is Rs 0.0 lakhs.
  • Triton Insurance CO LTD is majorly in the Insurance business for the last 103 years and currently, company operations are strike off.
  • The company is registered in Kolkata (West Bengal) Registrar Office. Triton Insurance CO LTD registered address is 4, CLIVE ROW, KOLKATA W.B WB 700001 IN.
PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 27

What percent of the ownership was allowed for foreign companies when applications for registrations were invited in August 2000 by IRDA?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 27
  • Pursuing the suggestions mentioned in the report by the Malhotra Committee in the year 1999, gave birth to an autonomous body i.e.“Insurance Regulatory and Development Authority (IRDA)”.
  • For the regulation and development of the insurance industry, Insurance Regulatory and Development Authority was integrated as a constitutional body in April 2000.
  • The promotion of competition, developing customer satisfaction at the lower premium rate, and assuring financial security was one key objective of IRDA.
  • The applications for registrations were invited in August 2000 by IRDA. Up to 26% of the ownership was allowed for foreign companies.
  • The power to frame regulations under Section 114A of the Insurance Act, 1938 was given to the authority.
  • The registration to carry insurance business by securitizing the interest of the policyholders was also allocated to the authority by 2000.
PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 28

Which of the following regulatory authority gives clearance for External Commercial borrowing?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 28

External commercial borrowing (ECBs) are loans in India made by non - resident lenders in foreign currency to Indian borrowers.

  • They are used widely in India to facilitate access to foreign money by Indian corporations and PSUs (public sector undertakings).
  • They are regulated by RBI.
PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 29

The first ever life insurance company in India, Oriental Life Insurance Company, was set up in Calcutta in the year _________.

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 29
  • The life insurance business commenced in India with the establishment of Oriental Life Insurance Company in Calcutta in 1818.
  • The general insurance business came to India in the year 1850 in Calcutta as the Triton Insurance Company Limited.
PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 30

What are the roles of the Foreign Direct Investment (FDI) in Indian Growth?

Detailed Solution for PFRDA Assistant Manager Phase 1 Mock Test - 7 (Paper 1) - Question 30

Foreign direct investment (FDI) is critical to a country's economic development. The entry of foreign cash has allowed India to improve its infrastructure, increase productivity, and increase employment. FDI also serves as a vehicle for acquiring sophisticated technology and mobilizing foreign exchange reserves.

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