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1 Which of the following types of companies/organisations issue ULIP?
A Insurance companies
B Banks
C NABARD
D RBI
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2 Which of the following is the only public sector company in the field of life
insurance?
A General insurance company
B New India assurance company
C Oriental insurance company
D Life Insurance Corporation of India
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Answer: IRDA
4 Which of the following terms is NOT related to the insurance sector?
A Indemnity
B Coverage
C Misuse Alert
D Annuity
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Answer: Insurance
7 What does the term FSDC, used in financial sectors stand for?
A Financial Security and Development Council
B Financial Stability and Development Council
C Fiscal Security and Development Convention
D Fiscal Stability and Development Council
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View Answer
Answer: Only 2
9 Expand the term CCEA as used in administrative circles
A Cabinet Committee on External Affairs
B Cabinet Committee on Economic Affairs
C Cabinet Council on External Affairs
D Cabinet Council on Economic Affairs
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Answer: GIC
12 In
Insurance policies we always find a date which is “Date of Maturity”. What
does it mean?
A This is the date on which the policy was sold to the customer/person insured
B 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
C This is the date on which the contract between the person and insurance
company will come to an end
D None of these
View Answer
Answer: This is the date on which the contract between the person and
insurance company will come to an end
13 Which of the following terms is Not used in the world of finance, banking and
insurance?
A Devaluation
B Amnesty
C Hardcurrency
D None of these
View Answer
Answer: Amnesty
14 The Non Government organizations(NGO) helps the insurance industry mainly
in
A Linking third party administrators
B Promotional activities
C Drafting new regulations
D Linking buyers and sellers
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View Answer
Answer: 7years
16 WhichInsurance Company started its operation in the year in which India got
Independence?
A UIICL
B GIC
C LIC
D OICL
View Answer
Answer: OICL
17 The punch line of the advertisement of which of the following organization is
“Jindagi ke sath bhi Jindagi ke bad bhi” ?
A New India Assurance
B General Insurance Corporation
C ICICI Prudential
D Life Insurance Corporation Of India
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Answer: GIC
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Answer: ECGC
26 The insurance companies collect a fixed amount from its customers at a fixed
interval of time. What is it called?
A Instalment
B Contribution
C Premium
D EMI
View Answer
Answer: Premium
27 Which of the following is/are the various types of insurance?
1. Life insurance
2. Health insurance
3. Liability insurance
A Only (a)
B Only (a) and (b)
C Only (b) and (c)
D All the three
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Answer: Inflation
29 Expand the term IFRS.
A Indian Financial Reporting Standards
B Indian Financial Reporting Systems
C International Financial Reporting Standards
D International Financial Reporting Systems
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Answer: Employees
31 Fiscal policy is concerned with which of the following?
A Export and import
B Public revenue and expenditure
C Issue of currency
D Population control
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Answer: SEBI
34 FDI refers to
A Fixed Deposits in India
B Foreign Direct Investment
C Foreign Deposits in India
D Future Derivative Investment
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Answer: London
36 State financial Corporations give assistance mainly to develop which of the
following?
A Small and medium scale industries
B Agricultural sector
C Cotton industry
D Large scale industries
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Answer: Paris
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Answer: 1972
44 What does PAC stand for?
A Post-Authorized Cheque
B Pre-Authorized Cheque
C Pre-Authorized Chequing
D Pre-Authorized Checking
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Answer: Pre-Authorized Chequing
45 What is the expanded form of the term ALM?
A Asset Liability Maintenance
B Asset Liability Management
C Asset Liability Manipulation
D Asset Liability Maximisation
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Answer: Mumbai
51 Which of the following is largest Non Life Insurance Company in India ?
A ICICILombard General Insurance Company Ltd.
B United India Insurance Company Ltd.
C General Insurance Company Ltd.
D New India Assurance Company Ltd.
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Answer: Reinsurance
54 Which of the following is customer of a Reinsurer?
A Insurance Companies
B High Networth Individual
C Licenced Insurance Agents
D NGOs
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View Answer
Answer: 30 days
56 A insurer advertises through daily news paper . What type of marketing is
A cross selling
B policy selling
C Solicitation of Policy
D Insurance selling
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View Answer
Answer: children
58 A insurer advertises through daily newspaper . What type of marketing is
A cross selling
B policy selling
C Solicitation of Policy
D Insurance selling
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Answer: Delhi
60 India’s Agricultural Insurer is:
A NABARD
B GIC
C KIshan Bima Sanstha
D AIC
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61 Which of the following insurance companies gives the slogan Prithvi, Agni, Jal,
Akash - Sab ki Surakhsa Hamare Paas?
A Life
Insurance Corporation
B OrientalInsurance Company
C New India Assurance
D General Insurance Company
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View Answer
Answer: Actuary
63 Which is a fixed amount for a covered service in the health sector?
A Coinsurance
B Deductible
C Copay
D Health Insurance
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Answer: Copay
64 A deductible is usually mentioned in
A Rupee
B Dollar
C Euro
D Pound
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Answer: Dollar
65 In
pursuance of which one of the following was the General Insurance
Corporation of India was formed?
A General Insurance Business (Nationalization) Act, 1972
B Insurance Act, 1938
C Insurance Amendment Act, 2002
D None of these
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Answer: IRDA
70 The New India Assurance Company was established in 1919 by
A Dorab Tata
B G.D. Birla
C Jamunalal BajaJ
D Kamlapat Singhania
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