A deductible is usually mentioned in
1.Rupee
2.Dollar
3.Euro
4.Any currency
A single policy covering a group of individuals, usually employees of the same company or members of the same association and their dependants is called _____
1.Hospital Insurance
2.Hull Insurance
3.Group Insurance
4. Identity theft Insurance
Agriculture Insurance Company of India Limited (AIC) was incorporated in which year?
1.20th December 2004
2. 20th December 2002
3.20th December 1999
4.20th December 2007
Agriculture Insurance Company Of India Limited' (AIC was incorporated to exclusively cater to the insurance needs of the persons engaged in agriculture and allied activities in India under-
1. Companies Act, 1956
2. SEBI Act, 1992
3.IRDA Act, 1999
4.Reserve Bank of India Act, 1934
An environment where insurance is plentiful and sold at a lower cost, also known as a Buyers market is called ______
1.Hard Market
2.Soft Market
3.Alternative Market
4.None of the above
Coverage against loss through stealing by individuals not in a position of trust is called ________
1.Hospital Insurance
2.Hull Insurance
3. Group Insurance
4.Theft Insurance
IBAI was incorporated as a Company under Section 25 of the Companies Act, 1956. What is the meaning of "B" in IBAI?
1.Base
2.Broadcasting
3.Brokers
4.Board
In a life insurance contract, the stated sum of money to be paid to the beneficiary upon the insured's death is termed as ______
1. Face Amount
2.Face Amount
3. Face Amount
4. Extra Expense Insurance
In pursuance of which one of the following was the General Insurance Corporation of India was formed?
1. General Insurance Business (Nationalization) Act, 1972
2.Insurance Act, 1938
3. Insurance Amendment Act, 2002
4.IRDA Act 1999
In pursuance of which one of the following was the General Insurance Corporation of India was formed?
1. General Insurance Business (Nationalization) Act, 1972
2.Insurance Act, 1938
3. Insurance Amendment Act, 2002
4.IRDA Act 1999
In pursuance of which one of the following was the General Insurance Corporation of India was formed?
1. General Insurance Business (Nationalization) Act, 1972
2.Insurance Act, 1938
3. Insurance Amendment Act, 2002
4.IRDA Act 1999
In which among the following year National Insurance Company Limited (NICL) was incorporated?
1.1906
2.1959
3.1935
4.1919
In which year New India Assurance Co Ltd nationalized?
1.1945
2.1947
3.1973
4.1969
In which year New India Assurance Co Ltd nationalized?
1.1945
2.1947
3.1973
4.1969
In which year New India Assurance Co Ltd was found?
1.1918
2.1818
3.1919
4.1945
In which year New India Assurance Co Ltd was found?
1.1918
2.1818
3.1919
4.1945
Insurance is legislated by:
1.Insurance Company
2. State Government
3. Central Government
4.Government of India
Insurance is listed in the Constitution of India in ______scheduled as Union List subject:
1. Eighth
2.Ninth
3.Seventh
4.Tenth
Limit of FDI in Insurance sector:
1. 47%
2.50%
3. 49%
4.51%
New India Assurance Co Ltd has branches in how many countries?
1.25
2.26
3.27
4.28
Oldest (1818) life insurance company is:
1.Postal Life Insurance Company
2.. Max Life Insurance Company
3.Oriental Life Insurance Company
4.Bharat Life Insurance Company
SEF is abbreviated as _____________________
1. Standard Endorsement Form
2. Secure Endorsement Form
3. Standard Envelope Form
4. Standard Endorsement Fair
The New India Assurance Co. Ltd. was a subsidiary of which of the following company?
1.General Insurance Corporation of India (GIC)
2.Life Insurance Corporation of India (LIC)
3. The Oriental Insurance Company
4.United India Insurance Company
The written insurance contract that may include all clauses, riders and endorsements. It is called?
1.Installment
2.Premium
3.Policy
4.Assets
What is the CRISIL rating for New India Assurance Co Ltd located?
1.AA/Stable
2.AAA/Stable
3.AA/Negative
4.AAA/Negative
What is the expanded form of the term ALM used in the banking sector?
1.Asset Liability Maintenance
2.Asset Liability Management
3.Asset Liability Manipulation
4.Asset Liability Maximisation
When was the General Insurance Council formed?
1.1955
2.1956
3.1957
4.1958
When was the Insurance Regulatory and Development Authority constituted?
1.1971
2.1999
3.2001
4.2005
When was Triton Insurance Company Ltd established?
1.1850
2.1854
3.1857
4.1860
When was Triton Insurance Company Ltd established?
1.1850
2.1854
3.1857
4.1860
Where is the head office of Agriculture Insurance Company of India Limited (AIC)?
1.Hyderabad
2.New Delhi
3.Kolkata
4.Chennai
Where is the headquarters of New India Assurance Co Ltd located?
1.New Delhi
2.Mumbai
3.Hyderabad
4.Kolkata
Which is the first Indian Commercial Bank that was fully owned and managed by Indians?
1. State Bank of India
2.Allahabad Bank
3. Central Bank of India
4. Canara Bank
Which of the following is an example of Broad Form Insurance?
1.Mortgage insurance
2. Automobile insurance
3. Liability insurance
4.Property insurance
Which of the following is not a part of India's Money Market?
1.Banks
2.. Bill Markets
3.Call Money Market
4.Indian Gold Council
Which of the following is not a public sector bank in India?
1. Andhra Bank
2.Federal Bank
3.IDBI Bank
4.Vijaya Bank
Which of the following statements is/are true about Co-operative Banks in India?
1. A. It has a three-tier set-up.
2. State Co-operative Banks does not have access to RBI
3.It is an urban oriented Bank
4. It functions on sound business principles.
Which of the following type of insurance product is/are available in New India Assurance Co Ltd located?
1.Personal Insurance
2.Commercial Insurance
3. Industrial Insurance
4.All of these
Which one of the following does not belong to the main products of life insurance?
1.Term
2.Whole life
3.Endowment
4.Personal accident insurance
Which type of insurance usually requires higher premium?
1. Whic Broad Form insurance
2.Whole life insurance
3. Health insurance
4.Term insurance
. Which among the following companies has not contributed towards the share capital of Agriculture Insurance Company of India Limited (AIC)?
1.Insurance Regulatory and Development Authority of India (IRDAI)
2.National Bank for Agriculture and Rural Development (NABARD)
3.General Insurance Corporation of India (GIC)
4.National Insurance Company Limited (NICL)
. Which one of the following is the special drawing rights given by the International Monetary Fund to its member countries?
1.Cold money
2.Hot money
3. Paper gold
4.None of these
A coverage that protects businesses engaged in electronic commerce from losses caused by hackers is termed as _______
1.Hospital Insurance
2.Hospital Insurance
3. Hacker Insurance
4. Identity theft Insurance
A method of valuing insured property or the value computed by that method is known as
1.Actual cost validity
2.Actual cash value
3.Replacement cash value
4.Normal cost value
A seller's market in which insurance is expensive and in short supply is termed as _______
1.Hard Market
2.Soft Market
3.Alternative Market
4. None of the Above
Chairman of Life Insurance Corporation of India is:
1. Arundhati Bhattacharya
2.U K Sinha
3.S K Roy
4. Vimal Khanna
Fiscal policy is related with which of the following?
1. Public Revenue and Expenditure
2.Education for All
3. Import and Export
4. Import and Export
Headquarter of LIC is situated at:
1.Kolkata
2.Delhi
3.Mumbai
4.Hyderabad
In which city the head office of Corporation Bank is situated?
1.Bengaluru
2.Mumbai
3.Mangalore
4.Kolkata
Investment in ULIPs is related to which section of the Income Tax Act?
1.. 58C
2.65B
3.. 78A
4.80C
Largest Life Insurance Company in India is:
1.The New India Assurance Company Limited
2.Life Insurance Corporation of India (LIC)
3.United India Insurance Company Limited
4.National Insurance Company Limited
Life Insurance Corporation was found on:
1. 1 April, 1955B.
2. 6 December, 1960
3.4 September, 1956
4. 1 September, 1956
New India Assurance Co Ltd has branches in how many countries?
1.25
2.26
3.27
4.28
New India Assurance Co Ltd is a type of?
1.Life Insurance Company
2. General Insurance Company
3.. Re-insurance Company
4. All of these
Nippon Life Insurance has signed definitive agreements to invest Rs 2,265 crore (US$ 332.32 million in order to increase its stake in Reliance Life Insurance from 26 per cent to 49 per cent. Nippon Life Insurance based in-
1. USA
2.Japan
3.France
4.Germany
UHIS has launched by the Government of India is already in existence for persons and families below the poverty line with the element of subsidy from the Government. UHIS stands for-
1.Universal Health Insurance Solutions
2.Universal Health Insurance Scenario
3. Universal Health Insurance Scheme
4.Universal Health Insurance System
What does the letter 'S' denote in the term IFSC?
1. Subscriber
2.State
3.System
4.Source
What is PAC?
1. Post-Authorized Cheque
2. Pre-Authorized Chequing
3.Process-Authorized Chequing
4.Pre-Authorized Checking
What is the CRISIL rating for New India Assurance Co Ltd located?
1.AA/Stable
2.AAA/Stable
3.AA/Negative
4.AAA/Negative
What is the function of IRDA?
1.Plan for Financial Inclusion
2.Provide relief packages to the Farmer
3. Regulate insurance business in India
4.Hiring & Purchasing assets
What is/are true about IMF?
1.It's headquarter is situated at Washington, D.C.
2.t negotiates conditions on lending and loans under their policy
3.It oversees the fixed exchange rate arrangements between countries
4.All of the above
What percent are shares of New India Assurance Co Ltd owned by Government of India?
1.50%
2.85%
3.99.4%
4.100%
What percent shares of New India Assurance Co Ltd is owned by Government of India?
1. 50%
2.85%
3.99.4%
4. 100%
When did insurance begin in Babylon?
1.1750 BC
2.1907 BC
3.1971 BC
4.2000 BC
When was general insurance business nationalised?
1.1970
2.1971
3.1972
4.1973
When was Life Insurance sector nationalised?
1.1947
2.1951
3.1956
4.1959
When was the Export Credit Guarantee Corporation of India established?
1.1955
2.1956
3.1957
4.1958
When was the General Insurance Corporation of India incorporated?
1. 1970
2.1971
3.1972
4.1973
When was the Indian Mercantile Insurance established?
1.1905
2.1906
3.1907
4.1908
When was the Indian Mercantile Insurance established?
1.1905
2.1906
3.1907
4.1908
When was the Oriental Life Insurance Company established?
1.1815
2.1818
3.1821
4.1833
Where is the headquarters of New India Assurance Co Ltd located?
1.New Delhi
2.Mumbai
3.Hyderabad
4.Kolkata
Which bank has started as a private shareholders bank, mostly by European shareholders?
1.Bank of India
2.Bank of Baroda
3.Dena Bank
4.Imperial Bank of India
Which bank is the sponsor of Prathama Gramin Bank?
1.Bank of Baroda
2. Indian Bank
3. Punjab National Bank
4.Syndicate Bank
Which is a fixed amount for a covered service in the health sector?
1.Coinsurance
2.Deductible
3.Copay
4. Health Insurance
Which of the following form is designed to be used by many different insurers and has exactly the same provisions?
1.Guaranteed Replacement Form
2.Standard insurance Form
3.Standard Endorsement Form
4.Standard Policy Form
Which of the following is a combination of insurance as well as an investment?
1.Money back policy
2. Endowment plan
3.Unit Link Insurance Plan
4.Mutual Funds
Which of the following is not the principle of insurance:
1. Utmost Good Faith
2. Principle of Contribution
3.Maximization of Profit
4.Causa Proxima
Which of the following organization decides Repo Rate?
1.SEBI
2.RBI
3.AMFI
4.RBI
Which of the following statements is/are true about NABARD?
1. It is a development bank in the sector of Regional Rural Banks in India.
2.It provides and regulates credits in the rural area.
3.It gives assistance for the promotion and development of rural sectors, mainly agriculture.
4.All of the these
Which one of the following does not belong to regulatory bodies in India?
1.FMC
2.IRDA
3.PFRDA
4.SEBI
Which one of the following does not belong to the major general insurance private sector companies in India?
1.Reliance General Insurance
2.The Oriental Insurance Company
3. Bajaj Allianz General Insurance
4. Royal Sundaram Alliance Insurance
Which policy referring to policies that provide coverage only for the loss caused by the perils?
1.Specifies perils
2.Named Perils
3. All Risk
4. All perils
Which was an oldest insurance company, found in 1906:
1.LIC
2.National Insurance Company
3.Agriculture Insurance Company of India
4.United India Insurance Company
Which was the first Indian bank started solely with Indian Capital?
1.Punjab National Bank
2. Andhra Bank
3. Indian Overseas Bank
4.Syndicate Bank
Who is the present CMD of New India Assurance Co Ltd?
1.Mohammad Mustafa
2.G. Srinivasan
3.Arun Tiwari
4.Hemant G. Rokade
_______, who represents the interests of the insured in searching for insurance coverage at the lowest cost and highest benefit to the insured.
1.Customer
2.Cashier
3.Broker
4.Banker
_________ is the maximum amount an insurance company will pay if an insured asset is deemed a total loss.
1. Insurance value
2.Actual value
3.Replacement value
4. Guaranteed Replacement Cost