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Refer to the table given below and answer the questions that follow.
TERM LIFE INSURANCE
TERM LIFE INSURANCE
| Policy/Insurance | Max age of Entry | Tenures possible | Max. age at expiry | Min. sum assured | For life cover of Rs. 10 lakh premium in Rs. (Entry age/coverage period in yrs) | |||
| \((\frac{30}{25})\) | \((\frac{40}{20})\) | \((\frac{5}{10})\) | \((\frac{55}{10})\) | |||||
| ICICI Prudential | 50 | 5 to 25 yrs. | 65 | Rs. 1 lakh | 3043 | 5110 | 8197 | N.A. |
| HDFC Standard Life | 60 | 5 to 30 yrs | 65 | Rs. 1 lakh | 3050 | 5110 | 8320 | 12600 |
| Max New York Life | 55 | 5, 10, 15, 20, 25 yrs. | 60 | Rs. 2.5 lakh | 3220 | 5650 | 10000 | 12150 |
| Birla Sun Life | 55 | 5, 10, 15, 20, 25 yrs. | 70 | Rs. 2 lakh | 3160 | 5150 | 8790 | 13100 |
| LIC Anmol Jeevan | 50 | 5 to 25 yrs. | 60 | Rs. 5 lakh | 3860 | 7010 | 11450 | N.A. |
Question: 1
The maximum that a 50-year-old individual can hope to insure his life for is
The maximum that a 50-year-old individual can hope to insure his life for is
Updated On: Oct 24, 2024
- 20 yrs
- 15 yrs
- 10 yrs
- Cannot be detemined
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The Correct Option is A
Solution and Explanation
The correct option is (A): 20 yrs
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Question: 2
From the table above, if a 50-year-old individual wants to buy a life insurance cover of Rs. 10 lakh (for a coverage period of 10 yrs.), then his best option is
From the table above, if a 50-year-old individual wants to buy a life insurance cover of Rs. 10 lakh (for a coverage period of 10 yrs.), then his best option is
Updated On: Oct 24, 2024
- Max New York Life
- HDFC Standard Life
- ICICI Prudential
- Cannot be determined
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The Correct Option is C
Solution and Explanation
The correct option is (C): ICICI Prudential
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Question: 3
From the table, how many life insurance options are available for a 51-year-old who wants 6 years of coverage?
From the table, how many life insurance options are available for a 51-year-old who wants 6 years of coverage?
Updated On: Oct 24, 2024
- 3
- 2
- 1
- None of these
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The Correct Option is D
Solution and Explanation
The correct option is (D): None of these
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- Three participants – Akhil, Bimal and Chatur participate in a random draw competition for five days. Every day, each participant randomly picks up a ball numbered between 1 and 9. The number on the ball determines his score on that day. The total score of a participant is the sum of his scores attained in the five days. The total score of a day is the sum of participants’ scores on that day. The 2-day average on a day, except on Day 1, is the average of the total scores of that day and of the previous day. For example, if the total scores of Day 1 and Day 2 are 25 and 20, then the 2-day average on Day 2 is calculated as 22.5. Table 1 gives the 2-day averages for Days 2 through 5.Participants are ranked each day, with the person having the maximum score being awarded the minimum rank (1) on that day. If there is a tie, all participants with the tied score are awarded the best available rank. For example, if on a day Akhil, Bimal, and Chatur score 8, 7 and 7 respectively, then their ranks will be 1, 2 and 2 respectively on that day. These ranks are given in Table 2.
Table 1: 2-day averages for Days through 5 Day 2 Day 3 Day 4 Day 5 15 15.5 16 17 The following information is also known.Table 2 : Ranks of participants on each day Day 1 Day 2 Day 3 Day 4 Day 5 Akhil 1 2 2 3 3 Bimal 2 3 2 1 1 Chatur 3 1 1 2 2
1. Chatur always scores in multiples of 3. His score on Day 2 is the unique highest score in the competition. His minimum score is observed only on Day 1, and it matches Akhil’s score on Day 4.
2. The total score on Day 3 is the same as the total score on Day 4.
3. Bimal’s scores are the same on Day 1 and Day 3.
If Akhil attains a total score of 24, then what is the total score of Bimal? (This Question was asked as TITA) - Three participants – Akhil, Bimal and Chatur participate in a random draw competition for five days. Every day, each participant randomly picks up a ball numbered between 1 and 9. The number on the ball determines his score on that day. The total score of a participant is the sum of his scores attained in the five days. The total score of a day is the sum of participants’ scores on that day. The 2-day average on a day, except on Day 1, is the average of the total scores of that day and of the previous day. For example, if the total scores of Day 1 and Day 2 are 25 and 20, then the 2-day average on Day 2 is calculated as 22.5. Table 1 gives the 2-day averages for Days 2 through 5.Participants are ranked each day, with the person having the maximum score being awarded the minimum rank (1) on that day. If there is a tie, all participants with the tied score are awarded the best available rank. For example, if on a day Akhil, Bimal, and Chatur score 8, 7 and 7 respectively, then their ranks will be 1, 2 and 2 respectively on that day. These ranks are given in Table 2.
Table 1: 2-day averages for Days through 5 Day 2 Day 3 Day 4 Day 5 15 15.5 16 17 The following information is also known.Table 2 : Ranks of participants on each day Day 1 Day 2 Day 3 Day 4 Day 5 Akhil 1 2 2 3 3 Bimal 2 3 2 1 1 Chatur 3 1 1 2 2
1. Chatur always scores in multiples of 3. His score on Day 2 is the unique highest score in the competition. His minimum score is observed only on Day 1, and it matches Akhil’s score on Day 4.
2. The total score on Day 3 is the same as the total score on Day 4.
3. Bimal’s scores are the same on Day 1 and Day 3.
What is the minimum possible total score of Bimal? (This Question was asked as TITA) - Odsville has five firms – Alfloo, Bzygoo, Czechy, Drjbna and Elavalaki. Each of these firms was founded in some year and also closed down a few years later.
Each firm raised Rs. 1 crore in its first and last year of existence. The amount each firm raised every year increased until it reached a maximum, and then decreased until the firm closed down. No firm raised the same amount of money in two consecutive years. Each annual increase and decrease was either by Rs. 1 crore or by Rs. 2 crores.
The table below provides partial information about the five firms.What is the largest possible total amount of money (in Rs. crores) that could have been raised in 2013? (This Question was asked as TITA)Firm First year of existence Last year of existence Total amount raised (Rs. crores) Alfloo 2009 2016 21 Bzygoo 2012 2015 Czechy 2013 9 Drjbna 2011 2015 10 Elavalaki 2010 13 - Five restaurants, coded R1, R2, R3, R4 and R5 gave integer ratings to five gig workers – Ullas, Vasu, Waman, Xavier and Yusuf, on a scale of 1 to 5. The means of the ratings given by R1, R2, R3, R4 and R5 were 3.4, 2.2, 3.8, 2.8 and 3.4 respectively.
The summary statistics of these ratings for the five workers is given below.* Range of ratings is defined as the difference between the maximum and minimum ratings awarded to a worker.Ullas Vasu Waman Xavier Yusuf Mean rating 2.2 3.8 3.4 3.6 2.6 Median rating 2 4 4 4 3 Model rating 2 4 5 5 1 and 4 Range of rating 3 3 4 4 3
The following is partial information about ratings of 1 and 5 awarded by the restaurants to the workers.
(a) R1 awarded a rating of 5 to Waman, as did R2 to Xavier, R3 to Waman and Xavier, and R5 to Vasu.
(b) R1 awarded a rating of 1 to Ullas, as did R2 to Waman and Yusuf, and R3 to Yusuf.
How many individual ratings cannot be determined from the above information? [This question was asked as TITA] - Five restaurants, coded R1, R2, R3, R4 and R5 gave integer ratings to five gig workers – Ullas, Vasu, Waman, Xavier and Yusuf, on a scale of 1 to 5. The means of the ratings given by R1, R2, R3, R4 and R5 were 3.4, 2.2, 3.8, 2.8 and 3.4 respectively.
The summary statistics of these ratings for the five workers is given below.* Range of ratings is defined as the difference between the maximum and minimum ratings awarded to a worker.Ullas Vasu Waman Xavier Yusuf Mean rating 2.2 3.8 3.4 3.6 2.6 Median rating 2 4 4 4 3 Model rating 2 4 5 5 1 and 4 Range of rating 3 3 4 4 3
The following is partial information about ratings of 1 and 5 awarded by the restaurants to the workers.
(a) R1 awarded a rating of 5 to Waman, as did R2 to Xavier, R3 to Waman and Xavier, and R5 to Vasu.
(b) R1 awarded a rating of 1 to Ullas, as did R2 to Waman and Yusuf, and R3 to Yusuf.
To how many workers did R2 give a rating of 4?[This question was asked as TITA]
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