INSURANCE : Multiple choice questions - 2

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One rupee note

1. Which of the following insurance companies gives the slogan Prithvi, Agni, Jal, Akash - Sab ki Surakhsa Hamare Paas?

1) Life Insurance Corporation 2) Oriental Insurance Company 3) New India Assurance 4) General Insurance Company 5) None of these

2. With which of the fields is actuarial science associated?

1) Insurance 2) Banking 3) Micro-finance 4) Space technology 5) None of these

3. Which of the following terms is used in the field of finance and banking?

1) Elasticity 2) Inflation 3) Pulse rate 4) Hot waves 5) None of these

4. Expand the term IFRS.

1) Indian Financial Reporting Standards 2) Indian Financial Reporting Systems 3) International Financial Reporting Standards 4) International Financial Reporting Systems 5) None of these

5. What does the term FSDC, used in financial sectors stand for?

1) Financial Security and Development Council 2) Financial Stability and Development Council 3) Fiscal Security and Development Convention 4) Fiscal Stability and Development Council 5) None of these

6. Which of the following is the regulator of the credit rating agencies in India?

1) RBI 2) SBI 3) SEBI 4) ICRA 5) None of these

7. FDI refers to

1) Fixed Deposits in India 2) Foreign Direct Investment 3) Foreign Deposits in India 4) Future Derivative Investment 5) None of these

8. State financial Corporations give assistance mainly to develop which of the following?

1) Small and medium scale industries 2) Agricultural sector 3) Cotton industry 4) Large scale industries 5) None of these

9. Whose signatures are found on one rupee note in India ?

1) Governor, Reserve Bank of India 2) Finance Minister, Government of India 3) Finance Secretary, Ministry of Finance Government of India 4) One rupee note does not have any signatures 5) None of these

10. Which of the following insurance plan is not launched by LIC?

1) Jeevan Abhaya 2) Life Mahalife Gold Plan 3) Child Career Plan 4) Child Future Plan 5) Jeevan Saral

11. Which of the following types of companies/organisations issue ULIP?

1) Insurance companies 2) Banks 3) NABARD 4) RBI 5) None of these

12. Which amongst the following is not an insurance company functioning in India?

1) ICICI prudential 2) ING Vysya 3) National Securities Depository Limited 4) New India Assurance company 5) General insurance company

13. Which of the following is the only public sector company in the field of life insurance?

1) General insurance company 2) New India assurance company 3) Oriental insurance company 4) Life Insurance Corporation of India 5) None of these

14. “A contract that pledges payment of an agreed upon amount to the person (or his/her nominee) on the happening of an event covered against” is technically known as

1) Death coverage 2) Life insurance 3) Savings for future 4) Provident fund 5) None of these

15. With which of the following did the State Bank of India enter into a joint venture agreement for undertaking general insurance business?

1) New India Assurance Ltd. 2) Insurance Australia Group 3) Lehman Brothers Holdings Inc. 4) Allianz 5) None of these

16. Which of the following is the regulator of insurance sector in India?

1) RBI 2) AMFI 3) IRDA 4) SEBI 5) None of these

17. Which of the following terms is NOT related to the insurance sector?

1) Indemnity 2) Coverage 3) Misuse Alert 4) Annuity 5) None of these

18. Which of the following public sector companies/organizations provides insurance cover to exporters?

1) ECGC 2) NABARD 3) SIDBI 4) IRDA 5) None of these

19. The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?

1) Instalment 2) Contribution 3) Premium 4) EMI 5) None of these

20. Which of the following is/are the various types of insurance?

a) Life insurance b) Health insuranc c) Liability insurance

1) Only (a) 2) Only (a) and (b) 3) Only (b) and (c) 4) All the three 5) Only (a) and (c)