CEILI Sample Question English
CEILLI Sample Questions 1
CEILLI SAMPLE QUESTIONS 1
1.
Reversionary bonus under traditional with-profit insurance policies _____________.
A.
B.
C.
D.
2.
Unit trust is essentially a _____________________.
A.
B.
C.
D.
3.
Two-way arrangement between the investors and the fund manager
Two-way arrangement between the investors and the trustee
Three-way arrangement among the investors, the trustee and the fund manager
Three-way arrangement among the investors, the trustee and the supervisory authority Warrants or TSR are
I.
II.
III.
IV.
A.
B.
4.
Can either be simple (based purely on the original sum assured) or compound
(based on the sum insured less previous bonuses)
Once allocated can, however, be removed or reduced when the life office cannot afford to sustain it
Is usually expressed as a percentage of the sum assured and will vary in accordance with the performance of the underlying assets of the unitized fund
Is paid at the time of death under the life policies or on maturity of the policies
Seldom issued on their own
Often issued free and attached to rights or loan stocks
Often issued as an added attraction or sweetener allowing a corporate issuer to obtain a lower financing cost
Not permitted to be detached from the loan stock and sold separately in the securities market
I, II and III
I, II and IV
C.
D.
I, III and IV
II, III and IV
Under the dual pricing method of single premium investment-linked life insurance policy, the unit value plus sum assured type of death benefits is equal to
__________________.
A.
B.
C.
D.
(number of units x life office’s selling price) plus sum assured covered
(number of units x offer price) plus sum assured covered
(number of units x bid price) plus sum assured covered
(number of units x bid-offer spread) plus sum assured covered
1
CEILLI Sample Questions 1
5.
Hedging can be described as_____________________________.
A.
B.
C.
D.
6.
7.
The price of an agricultural property depends on the following factors
I.
II.
CEILLI SAMPLE QUESTIONS 1
1.
Reversionary bonus under traditional with-profit insurance policies _____________.
A.
B.
C.
D.
2.
Unit trust is essentially a _____________________.
A.
B.
C.
D.
3.
Two-way arrangement between the investors and the fund manager
Two-way arrangement between the investors and the trustee
Three-way arrangement among the investors, the trustee and the fund manager
Three-way arrangement among the investors, the trustee and the supervisory authority Warrants or TSR are
I.
II.
III.
IV.
A.
B.
4.
Can either be simple (based purely on the original sum assured) or compound
(based on the sum insured less previous bonuses)
Once allocated can, however, be removed or reduced when the life office cannot afford to sustain it
Is usually expressed as a percentage of the sum assured and will vary in accordance with the performance of the underlying assets of the unitized fund
Is paid at the time of death under the life policies or on maturity of the policies
Seldom issued on their own
Often issued free and attached to rights or loan stocks
Often issued as an added attraction or sweetener allowing a corporate issuer to obtain a lower financing cost
Not permitted to be detached from the loan stock and sold separately in the securities market
I, II and III
I, II and IV
C.
D.
I, III and IV
II, III and IV
Under the dual pricing method of single premium investment-linked life insurance policy, the unit value plus sum assured type of death benefits is equal to
__________________.
A.
B.
C.
D.
(number of units x life office’s selling price) plus sum assured covered
(number of units x offer price) plus sum assured covered
(number of units x bid price) plus sum assured covered
(number of units x bid-offer spread) plus sum assured covered
1
CEILLI Sample Questions 1
5.
Hedging can be described as_____________________________.
A.
B.
C.
D.
6.
7.
The price of an agricultural property depends on the following factors
I.
II.