Occupational,Avocational and Residential Risks MCQs

Welcome to our comprehensive collection of Multiple Choice Questions (MCQs) on Occupational,Avocational and Residential Risks, a fundamental topic in the field of IC22 Life Insurance Underwriting. Whether you're preparing for competitive exams, honing your problem-solving skills, or simply looking to enhance your abilities in this field, our Occupational,Avocational and Residential Risks MCQs are designed to help you grasp the core concepts and excel in solving problems.

In this section, you'll find a wide range of Occupational,Avocational and Residential Risks mcq questions that explore various aspects of Occupational,Avocational and Residential Risks problems. Each MCQ is crafted to challenge your understanding of Occupational,Avocational and Residential Risks principles, enabling you to refine your problem-solving techniques. Whether you're a student aiming to ace IC22 Life Insurance Underwriting tests, a job seeker preparing for interviews, or someone simply interested in sharpening their skills, our Occupational,Avocational and Residential Risks MCQs are your pathway to success in mastering this essential IC22 Life Insurance Underwriting topic.

Note: Each of the following question comes with multiple answer choices. Select the most appropriate option and test your understanding of Occupational,Avocational and Residential Risks. You can click on an option to test your knowledge before viewing the solution for a MCQ. Happy learning!

So, are you ready to put your Occupational,Avocational and Residential Risks knowledge to the test? Let's get started with our carefully curated MCQs!

Occupational,Avocational and Residential Risks MCQs | Page 8 of 9

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Q71.
What are the factors that can help identify the risk associated with the place of residence?

a.

Climatic changes

b.

Political and economic instability

c.

Availability of standard health-care and prevalence of AIDS

d.

All of the above

Discuss
Answer: (d).All of the above Explanation:The factors which can help identify the risk associated with the place of residence are climatic changes, political and economic instability, and availability of standard health-care and prevalence of AIDS.
Q72.
What is the impact of sudden climatic changes due to altitude on individuals with certain health conditions?

a.

It has no impact on individuals with health conditions

b.

It can be beneficial for individuals with health conditions

c.

It can be adverse for individuals with health conditions

d.

It depends on the type of health condition

Discuss
Answer: (c).It can be adverse for individuals with health conditions Explanation:Sudden climatic changes due to altitude (from low to high) can be adverse for individuals with certain health conditions.
Q73.
What is the impact of political and economic instability on mortality?

a.

It has no impact on mortality

b.

It decreases mortality

c.

It increases mortality

d.

It depends on the country

Discuss
Answer: (c).It increases mortality Explanation:Political and economic instability also impact mortality and that the level of effect is influenced by the levels of violence, terrorism, corruption and military conflicts in the country. Also, an individual residing in politically and economically unstable countries will be categorized as 'high risk'.
Q74.
How do differences in socio-economic levels of people affect the crime levels and outbursts of violence?

a.

They decrease the crime levels and outbursts of violence

b.

They have no impact on the crime levels and outbursts of violence

c.

They increase the crime levels and outbursts of violence

d.

It depends on the country

Discuss
Answer: (c).They increase the crime levels and outbursts of violence Explanation:Wide differences in socio-economic levels of the people also affect the crime levels and outbursts of violence. They also affect the social reforms undertaken to improve the living conditions in that country.
Q75.
How does the availability and quality of health-care facilities affect mortality and morbidity risks?

a.

It has no impact on mortality and morbidity risks

b.

It decreases mortality and morbidity risks

c.

It increases mortality and morbidity risks

d.

It depends on the country

Discuss
Answer: (c).It increases mortality and morbidity risks Explanation:The availability, in terms of sufficiency and quality of health-care facilities, directly affects the mortality and morbidity risks.
Q76.
What can be the adverse effects of sudden climatic changes due to altitude?

a.

Increased risk of asthma

b.

Decreased oxygen levels

c.

Increased risk of respiratory diseases

d.

All of the above

Discuss
Answer: (d).All of the above Explanation:Sudden climatic changes due to altitude (from low to high) can be adverse for individuals with certain health conditions such as asthma, as there will be low oxygen level, which can increase the risk of respiratory diseases.
Q77.
Which of the following factors can affect mortality rate?

a.

Level of violent activities in the country

b.

Impact of terrorism and terrorist groups in the country

c.

Level of corruption

d.

All of the above

Discuss
Answer: (d).All of the above Explanation:Some of the political and economic instability factors that can affect mortality rate are level of violent activities in the country, impact of terrorism and terrorist groups in the country, and level of corruption.
Q78.
Which of the following diseases can increase the chances of risk of transmission due to poor screening of blood before transfusion?

a.

HIV/AIDS

b.

Hepatitis

c.

Malaria

d.

Typhoid

Discuss
Answer: (a).HIV/AIDS Explanation:If state-of-the-art advanced medical equipment is not easily available within the country, then it can increase the chances of usage of re-used needles, poor screening of blood before transfusion, etc., which can increase the chances of risk of transmission of diseases such as HIV/AIDS and Hepatitis.
Q79.
Which of the following needs to be referred to by an underwriter for evaluating residence risk?

a.

Travel advisory

b.

Insurance manual

c.

Policy document

d.

FPR

Discuss
Answer: (a).Travel advisory Explanation:For evaluating residence risk, an underwriter should refer to a travel advisory where the latest review of the situation is available.
Q80.
What information does an underwriter need to collect regarding an individual's occupation?

a.

Details of occupation

b.

Nature of duties

c.

Activities performed

d.

All of the above

Discuss
Answer: (d).All of the above Explanation:An underwriter needs to collect information on details of occupation, nature of duties, and activities performed.
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