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ANS- D
2. The central office of the Life Insurance Corporation of India (LIC) is located
at
(A) Kolkata
(B) New Delhi
(C) Chennai
(D) Pune
(E) Mumbai
ANS- E
3. The Life Insurance Corporation Of India has how many Zonal offices in India
?
(A) Five (B) Eight (C) Ten (D) Fifteen (E) None of these
ANS- B
ANS- D
Answer.- D
6. Which of the following insurance companies writes its punch line in the
advertisements Insurance is the subject matter of solicitation ?
(A) CIC
(B) LIC
(C) ING Vysya Life InsuranceCo.
(D) Tata AIG Life Insurance Co
(E) None of these
Answer B
7. Which of the following was the parent company of New India Assurance ?
(A) LIC
(B) GIC
(C) Oriental Insurance Co. Ltd.
(D) United India Insurance
(E) None of these
Answer B
(A) Archives
(B) Donation
(C) Actuary
(D) Quest
(E) All are associated with insurance
Answer C
Answer A
10. Which of the following is largest Non Life Insurance Company in India ?
Answer D
11. Which of the following Insurance Companies was launched with NABARD
as one of its promoters with 30% stake in it ?
Answer A
(A) Only 1
(B) Only2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Answer A
13. As per the news published in various newspapers, Life Insurance policies
may become paperless in the near future. This means
1) LIC will not insure any person here after as it has already reached its peak
2) LIC will not ask for any documents from a person who wishes to purchase
an Insurance policy
3) All policy related documents and policy certificates will henceforth be
available in electronic form and not in their present physical
4) LIC henceforth will not entertain any claim or complaint in written form or
on paper. Things should be in electronic condition.
5) None of these
Answer 3
1) This is the date on which the policy was sold to the customer/person
insured.
2) This is the date on which the policy holder will have to submit his/her claim
seeking the amount of the policy. Otherwise the company will not make any
payment to him/her.
3) This is the date on which the contract between the person and insurance
company will come to an end.
4) The date on which the insurance company makes the final payment to the
insured person which is normally fifteen days after the payment due date.
5) None of these
Answer 3
Answer 2
16. Which of the following is the best description of what insurance is?
Answer 1
1. Insurance works on the principle of:
a. Sharing of losses
b. Probabilities
c. Large numbers
d. Randomness
a. Insurance Brokers
b. Insurance Agents
d. Surveyors
6. As per structured formula under the Motor Vehicle Act, victims of fatal
injuries are paid compensation on the basis of:
7. As per the Insurance Act, every insurer has to prepare at the end of
financial year
a. Balance Sheet
a. 74%
b. 26%
c. 49%
d. 51%
e. None of these
Ans : c. 49 %
a. Insurance companies
b. Stock brokers
c. Banks
d. NABARD
e. RBI
11. Which of the following is the only public sector company in the field of life
insurance?
a. Death coverage
b. Insurance Premium
c. Life insurance
d. Savings for future
e. Provident fund
13. With which of the following did the State Bank of India enter into a joint
venture agreement for undertaking general insurance business?
14. With which of the following did the State Bank of India enter into a joint
venture agreement for undertaking Life insurance business?
Ans : e . SBI Life Insurance is a joint venture between State Bank of India and
BNP Paribas Cardif. SBI owns 74% of the total capital and BNP Paribas Cardif
the remaining 26%.
a. RBI
b. AMFI
c. IRDA
d. SEBI
e. IRDAI
16. Which of the following insurance companies gives the slogan Prithvi, Agni,
Jal, Akash Sab ki Surakhsa Hamare Paas?
Ans : b.
1. Life insurance
2. Health insurance
3. Liability insurance
a. Only (1)
b. Only (1) and (2)
c. Only (2) and (3)
d. Onnly (1) and (3)
e. All the three
Ans : e
a. RBI
b. ECGC
c. NABARD
d. SIDBI
e. IRDA
Ans : b
19. What is the minimum paid up capital required for a General Insurance
Company to commence its operations in India ?
a. 200 Crore
b. 500 Crore
c. 250 Crore
d. 100 Crore
e. 300 Crore
20. Which bank recently became the first bank in India to fully own an
insurance business ?
a. HDFC Bank
b. Kotak Mahindra Bank
c. ICICI Bank
d. IDBI Bank
e. Canara Bank
India to fully own an insurance business after Reserve Bank of India (RBI)
gave permission to set up a wholly-owned non-life insurance company called
Kotak General Insurance.
21. Which is the sole reinsurance company in the Indian insurance market ?
22. Study the table below and find out which one of them is wrong :
Insurance Company
Head Office
New Delhi
Chennai
Kolkata
Mumbai
Hyderabad
23. Study the table below and find out which one o them is wrongly matched
[ As on 5 March 2015 ]
Insurance Company
Chairman
Shri S. K. Roy
Shri A.V. Girija Kumar
Dr. A.K.Saxena
A K Roy
Milind Kharat
Ans : e