Quiz on Insurance Sector for NICL exam
Here is the important post on insurance sector for upcoming NICL-exam.
Set of questions related to Insurance sector.
1. Insurance is based on the principle of
a. Co-operation
b. Democracy
c. Equality
d. Welfare
2. Except life insurance the maximum term of other insurance is
a. 12 months
b. 24 months
c. 6 months
d. 36 months
3. Committee of Reforms in Insurance sectors during 1993 headed by...........
a. RN Malhotra
b. S Narasimham
c. Manmohansingh
d. P Chidambaram
4. ........... is the oldest insurance
a. Fire insurance
b. Life insurance
c. Marine insurance
d. Social insurance
5. Insurance Awareness Day is observed on_______?
a. 19th January
b. 19th February
c. 19th March
d. 19th April
6. The Head office of National Insurance Co. Ltd is
a. New Delhi
b. Mumbai
c. Kolkata
d. Chennai
7. Which is the largest general insurance company of India on the basis of gross premium collection? a. New India Assurance
b. National Insurance Co. Ltd
c. United Insurance
d. Oriental Insurance Ltd.
8. Which bank has signed Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India to provide insurance cover to its all Aadhaar-linked savings account holders in the age group of 18 to 50 years?
a. Bank of Baroda
b. HDFC Bank
c. Dena Bank
d. Kotak Mahindra Bank
9. Insurance Ombudsman has the power to hear the case on insurance contracts of value not exceeding______________?
a. 10 lakhs
b. 15 lakhs
c. 20 lakhs
d. 25 lakhs
10. Which among the following is responsible for maintaining data of insurance policies in electronic form on behalf of insurers?
a. Insurance Account
b. Insurance Actuaries
c. Insurance Depository
d. Insurance Repository
11. Insurance Australia Group (IAG) will raise its stake to the maximum allowed 49 per cent in a general insurance joint venture with which bank?
a. HDFC
b. SBI
c. ICICI
d. Canara Bank
12. Which Life Insurance Company has tied up with Lakshmi Vilas Bank for distribution of life insurance products through the lender's 400 branches across the country?
a. Max Life
b. Birla Sun Life
c. Met Life
d. Aviva Life
Answers:
1. a
2. a
3. a
4. c
5. d
6. c
7. a
8. c
9. c
10. d
11. b
12. a
Set of questions related to Insurance sector.
1. Insurance is based on the principle of
a. Co-operation
b. Democracy
c. Equality
d. Welfare
2. Except life insurance the maximum term of other insurance is
a. 12 months
b. 24 months
c. 6 months
d. 36 months
3. Committee of Reforms in Insurance sectors during 1993 headed by...........
a. RN Malhotra
b. S Narasimham
c. Manmohansingh
d. P Chidambaram
4. ........... is the oldest insurance
a. Fire insurance
b. Life insurance
c. Marine insurance
d. Social insurance
5. Insurance Awareness Day is observed on_______?
a. 19th January
b. 19th February
c. 19th March
d. 19th April
6. The Head office of National Insurance Co. Ltd is
a. New Delhi
b. Mumbai
c. Kolkata
d. Chennai
7. Which is the largest general insurance company of India on the basis of gross premium collection? a. New India Assurance
b. National Insurance Co. Ltd
c. United Insurance
d. Oriental Insurance Ltd.
8. Which bank has signed Memorandum of Understanding (MoU) with Life Insurance Corporation (LIC) of India to provide insurance cover to its all Aadhaar-linked savings account holders in the age group of 18 to 50 years?
a. Bank of Baroda
b. HDFC Bank
c. Dena Bank
d. Kotak Mahindra Bank
9. Insurance Ombudsman has the power to hear the case on insurance contracts of value not exceeding______________?
a. 10 lakhs
b. 15 lakhs
c. 20 lakhs
d. 25 lakhs
10. Which among the following is responsible for maintaining data of insurance policies in electronic form on behalf of insurers?
a. Insurance Account
b. Insurance Actuaries
c. Insurance Depository
d. Insurance Repository
11. Insurance Australia Group (IAG) will raise its stake to the maximum allowed 49 per cent in a general insurance joint venture with which bank?
a. HDFC
b. SBI
c. ICICI
d. Canara Bank
12. Which Life Insurance Company has tied up with Lakshmi Vilas Bank for distribution of life insurance products through the lender's 400 branches across the country?
a. Max Life
b. Birla Sun Life
c. Met Life
d. Aviva Life
Answers:
1. a
2. a
3. a
4. c
5. d
6. c
7. a
8. c
9. c
10. d
11. b
12. a
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