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Dorab Tata
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1. The punch line
of the advertisement of which of the following organization is “Jindagi ke
sath bhi Jindagi ke bad bhi” ?
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1. New India
Assurance
2. General
Insurance Corporation
3. ICICI
Prudential
4. Life Insurance Corporation Of India
5. None of these
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2. The central
office of the Life Insurance Corporation of India (LIC. is located at
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1. Kolkata
2. New Delhi
3. Chennai
4. Pune
5. Mumbai
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3. If an
organization wishes to venture into Insurance Business it has to obtain a
licence first from which of the following ?
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1. Indian Banks
Association (IBA.
2. Security and
Exchange Board of India (SEBI.
3. Tariff
Advisory Committee (TAC.
4. Insurance Regulatory and Development
Authority of India (IRDAI.
5. None of these
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4. Which of the
following is not the name of an Insurance Scheme launched by the Government
of India
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1. Janashree Bima
Yojana
2. Krishi Shramik
Sarnajik Suraksha Yojana
3. Shiksha Sahyog
Yojana
4. Varsha Bima Yojana
5. National
Saving Scheme Programme
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5. Which of the
following insurance companies writes its punch line in the advertisements
“Insurance is the subject matter of solicitation” ?
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1. CIC
2. LIC
3. ING Vysya Life
InsuranceCo.
4. Tata AIG Life
Insurance Co
5. None of these
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6. Which of the
following was the parent company of New India Assurance ?
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1. LIC
2. GIC
3. Oriental
Insurance Co. Ltd.
4. United India
Insurance
5. None of these
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7. Which of the
following words/ terms is closely associated with the insurance business
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1. Archives
2. Donation
3. Actuary
4. Quest
5. All are
associated with insurance
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8. The New India
Assurance Company was established in 1919 by
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1. Dorab Tata
2. G. D. Birla
3. Jamunalal
BajaJ
4. Kamlapat
Singhania
5. None of these
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9. Which of the
following is largest Non Life Insurance Company in India ?
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1. ICICI Lombard
General Insurance Company Ltd.
2. United India
Insurance Company Ltd.
3. General
Insurance Company Ltd.
4.. New India Assurance Company Ltd.
5. None of these
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10. Which is the
sole reinsurance company in the Indian insurance market ?
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1. United India
Insurance Company Limited
2. General Insurance Corporation of India
3. New India
Assurance Company Limited
4. The Oriental
Insurance Company
5. Life Insurance
Corporation of India
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11.The entry
level capital requirement for an insurance company in India is
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1. Rs 1 cr
2. Rs 5 cr
3. Rs 500 cr
4.Rs 100 cr
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12.Which of the
following regulates the insurance business in India ?
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1. Lic of India
2. ECGC
3. SEBI
4. None of the above
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13.Under a
contract of insurance,the payment is made of the insured amount on which of
the following dates ?
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1. date of
maturity
2.specified dates
at periodic intervals
3.death, in case
it happens earlier
4.death only in all the case
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14. As per
insurance ombudsman scheme the ombudsman is empowered to redress customer
grievances where the insured amount amount is ?
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1.up to 1 lakhs
2.less than 5
lakhs
3.up to 10 lakhs
4.less than 20 lakhs
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15.The tariff of
insurance are prescribed generally by ?
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1.IRDAI
2.insurance
companies themselves
3.General
insurance company
4.none of the above
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16.To be eligible
under Aam Aadmi Bima Yojna the range of age prescribed in
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policy ?
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1.15-25 yrs
2.15-60 yrs
3.18-59 yra
4.18-60 yra
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17.What is the
amount of insurance Under Aam Aadmi Bima Yojna for natural
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death and
accidental death ?
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1. Rs 30000 for
each
2. Rs 75000 for
each
3. Rs 30000 for natural death and 75000
for accidental death
4. Rs 75000 for
natural death and 30000 for accidental death
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18.The objective
of creating IRDAI ?
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1. to facilitate
opening of insurance company for increasing business
2. to regulate and develop insurance
business
3. to develop
insurance products so that all the insurance company adopt them on a uniform
pattern
4. All the above
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19. Which of the
following is not correct regarding Group Insurance ?
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1. There is low
cost of insurance cover
2. The insurance
policy save administration cost
3.the group selection is aimed at forming
a group which will show nominal rate of mortality
4. None of the
above
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20. Insurance
business is divided into ?
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1. 3 classes
2. 4 classes
3.2 classes
4.None of the
above
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