1.

I
nsur
ancecont
racti
ssor
tofcont
ractwhi
chi
sappr
ovedby

A.TheI
ndi
anCont
ractAct

B.I
ndi
anFact
oryAct

C.I
ndi
anCompani
esAct

D.TheI
ndi
anf
inanceAct

ANSWER:
A

2.Gener
alI
nsur
anceCor
por
ati
onwasest
abl
i
sheddur
ingt
hey
ear

A.1972.

B.1955.

C.1956.

D.1971

ANSWER:
A

3.Gener
alI
nsur
anceBusi
nesswasnat
ional
i
zedunder

A.Gener
alI
nsur
anceBusi
nessNat
ional
i
sat
ionAct
,1971

B.Gener
alI
nsur
anceBusi
nessNat
ional
i
sat
ionAct
,1972

C.Gener
alI
nsur
anceBusi
nessNat
ional
i
sat
ionAct
,1973

D.Gener
alI
nsur
anceBusi
nessNat
ional
i
sat
ionAct
,1974

ANSWER:
B

4.Theheadof
fi
ceofNewI
ndi
aAssur
ance&CoLt
d

A.NewDel
hi

B.Kol
kat
a

C.Chennai
.

D.Mumbai
.

ANSWER:
D

5.NewDel
hii
stheheadof
fi
ceof_
___
___
___
.
A.NewI
ndi
aAssur
ance&CoLt
d.,

B..Uni
tedI
ndi
aAssur
ance&CoLt
d

C.Or
ient
alI
nsur
anceCoLt
d

D.Nat
ional
Insur
anceCoLt
d

ANSWER:
C

6.TheHeadof
fi
ceofNat
ional
Insur
anceCo,
Ltd,
is_
___
___
_.

A.Mumbai

B.Kol
kat
a.

C.Bangal
ore.

D.Hy
der
abad

ANSWER:
B

7.TheHeadof
fi
ceofUni
tedI
ndi
aInsur
anceco,
Ltd,
is

A.Chennai
.

B.Bangal
ore.

C.NewDel
hi

D..Mumbai
.

ANSWER:
A

8.Thef
ir
stcompanyt
ransact
edi
nsur
ancebusi
nesswas

A.LI
C

B.GI
C

C.I
ndi
anMer
cant
il
eInsur
anceCompany

D.Or
ient
ali
nsur
anceCompany
.

ANSWER:
C

9.Thenat
ional
i
zat
ionofi
nsur
ancesect
orwast
akenov
erby_
___compani
es

A.245
B.950

C.200

D.100

ANSWER:
A

10.LI
Cwasf
ormedi
n1956t
hroughnat
ional
i
zat
ionof
___
___
___
_Compani
es

A.246

B.256

C.250

D.252

ANSWER:
B

11._
___i
nsur
ancewer
eamal
gamat
edunderGI
C

A.107

B.100

C.102

D.noneoft
heabov
e

ANSWER:
A

12.Thoser
iskswhi
char
emor
ethannor
mal
riskar
ecal
l
ed

A.Superst
andar
dri
sk

B.Subst
andar
dri
sk.

C.Bot
hoft
heabov
e

D.Nei
theroft
hem

ANSWER:
C

13.Pr
emi
um onsub-
standar
dli
vescanbei
ncr
easedbyoneoft
hef
oll
owi
ng

A.Byr
ati
ngmor
ethanofage

B.Byaddi
ngf
latext
rapr
emi
um
C.Byaddi
ngext
raper
cent
age

D.Al
loft
heabov
e

ANSWER:
D

14.Occupat
ioni
simpor
tantf
orr
iskcl
assi
fi
cat
ionbecauseof_
___
___
__.

A.I
ncomeear
nedbyi
ndi
vi
dual

B.Tensi
on,
str
essandwor
ri
esgi
venbywor
kpl
ace

C.Damagecausedbypol
l
uti
onatt
hewor
kpl
ace

D.Bot
hb.andc.

ANSWER:
D

15.Ri
skofmor
tal
i
tyi
sconsi
der
edt
obe.

A.Mor
eonmal
eli
fe

B.Mor
eonf
emal
eli
fe

C.Sameonl
i
feofbot
h

D.Al
ltheabov
e

ANSWER:
B

16.Val
uat
ioni
nli
fei
nsur
ancemeans

A.Thepr
ocessofar
ri
vi
ngatt
hepr
ofi
tofal
i
fei
nsur
ancecompany

B.Thepr
ocessofdet
ermi
ningt
henetpr
emi
um f
oral
i
fei
nsur
ancepol
i
cy

C.Thepr
ocessofar
ri
vi
ngatt
hebonusi
nal
i
fei
nsur
ancecompany

D.Thepr
ocessbywhi
cht
hev
alueofal
ltheexi
sti
ngpol
i
ciesi
sascer
tai
nedi
nal
i
fei
nsur
ance
company
.

ANSWER:
D

17.Not
if
icat
ionofal
ter
ati
oni
nri
ski
sacondi
ti
on

A.pr
ecedentt
oli
abi
l
ity
.

B.subsequentt
oli
abi
l
ity

C..pr
ecedentt
ocont
ract
D.subsequentt
ocont
ract
.

ANSWER:
D

18.Li
fei
nsur
ancei
nit
spr
esentf
orm camet
oIndi
afr
om

A.TheUni
tedKi
ngdom

B.TheUSA

C.Canada

D.Ger
many

ANSWER:
A

19.Li
feI
nsur
anceCompanywassetupi
n

A.1824

B.1823

C.1800

D.1801

ANSWER:
B

20.Li
feI
nsur
anceCor
por
ati
onwasnat
ional
i
zedi
n

A.1951

B.1952

C.1954

D.1956

ANSWER:
D

21.TheHeadof
fi
ceofNat
ional
Insur
anceCo,
Ltd,
is_
___
___
_.

A.Mumbai

B.Kol
kat
a.

C.Bangal
ore.

D.Hy
der
abad.
ANSWER:
B

22.TheHeadof
fi
ceofUni
tedI
ndi
aInsur
anceco,
Ltd,
is_
___
___
.

A.Chennai
.

B.Bangal
ore.

C.NewDel
hi.

D.Mumbai
.

ANSWER:
A

23.Li
fei
nsur
ancei
nit
spr
esentf
orm camet
oIndi
afr
om _
___
__.

A.TheUni
tedKi
ngdom.

B.TheUSA.

C.Canada.

D.Ger
many
.

ANSWER:
A

24.Li
feI
nsur
anceCompanywasset
upi
n__
___
___
.

A.1824.

B.1823.

C.1822.

D.1821.

ANSWER:
B

25.Li
feI
nsur
anceCor
por
ati
onwasnat
ional
i
zedi
n__
___
__.

A.1951.

B.1952.

C.1954.

D.1956.

ANSWER:
D
26.Li
feI
nsur
anceCor
por
ati
onwasf
ormedwi
thacapi
tal
cont
ri
but
ionof_
___
__.

A.Rs.10Cr
ore.

B.Rs.15Cr
ore.

C.Rs.5Cr
ore.

D.Rs.20Cr
ore.

ANSWER:
C

27.Thet
erm Assur
ancer
efer
sto_
___
___
_.

A.Li
feI
nsur
anceBusi
ness.

B.Mar
ineI
nsur
anceBusi
ness.

C.Fi
reI
nsur
anceBusi
ness.

D.Mot
orVehi
cleBusi
ness.

ANSWER:
A

28.TheOr
ient
alLi
feI
nsur
anceCompanycamet
oIndi
adur
ing_
___
__.

A.1919.

B.1818.

C.1899.

D.1888.

ANSWER:
B

29.Thepol
ici
eswher
ethepr
emi
um i
spay
abl
ethr
oughoutt
hel
i
feoft
heassur
edi
scal
l
ed
___
____
____
.

A.Whol
eli
fepol
i
cies.

B.Renewabl
eter
m pol
i
cies.

C.Si
nki
ngf
undpol
i
cies.

D.Annui
typol
i
cies.

ANSWER:
A

30.Wi
thpr
ofi
tpol
i
cyi
sal
sot
ermedas_
___
___
.
A.Mul
ti
plel
i
fepol
i
cy.

B.Par
ti
cipat
ingpol
i
cy.

C.Lev
elpr
emi
um pol
i
cy.

D.Lump-
sum pol
i
cy.

ANSWER:
B

31.TheI
nsur
erwhogr
ant
saguar
ant
eef
rom t
hedi
recti
nsur
eri
scal
l
edas_
___
___
__.

A.Di
rectI
nsur
er.

B.Cedi
ngI
nsur
er.

C.Re-
Insur
er.

D.Doubl
eInsur
er.

ANSWER:
C

32.Thepr
opor
ti
onoft
her
iskwhi
cht
hedi
recti
nsur
erhol
dsonhi
sownaccountr
efer
sto
___
____
___
_.

A.Li
ne.

B.Ret
ent
ion.

C.Ret
rocessi
on.

D.Cedi
ngi
nsur
er.

ANSWER:
B

33.Whenthesamer
iskandsubj
ectmat
teri
sinsur
edwi
thmor
ethanonei
nsur
eri
scal
l
ed
as__
___
__.

A.Doubl
einsur
ance.

B.Ov
eri
nsur
ance.

C.Rei
nsur
ance.

D.Ext
ernal
insur
ance.

ANSWER:
A

34.Whentheamountf
orwhi
chasubj
ectmat
teri
sinsur
edi
smor
ethani
tsact
ual
val
uei
scal
l
ed
___
___
____
.
A.Doubl
einsur
ance.

B.Ov
eri
nsur
ance.

C.Rei
nsur
ance.

D.Cr
opi
nsur
ance.

ANSWER:
B

35.I
RDAr
efer
sto_
___
___
__.

A.I
ndi
anRegul
ator
yDev
elopmentAut
hor
it
y.

B.I
nst
it
uteofRegul
ator
yDev
elopmentAut
hor
it
y.

C.I
nsur
anceRegul
ator
yDev
elopmentAssoci
ati
on.

D.I
nsur
anceRegul
ator
yDev
elopmentAut
hor
it
y.

ANSWER:
D

36.Commi
tt
eeofr
efor
msi
ninsur
ancesect
orsdur
ing1993headedby_
___
___
_.

A.R.
N.Mal
hot
ra.

B.S.Nar
ashi
man.

C.ManmohanSi
ngh.

D.P.
Chi
dambar
am.

ANSWER:
A

37.Thedangerofl
ossf
rom t
heunf
oreseenci
rcumst
ancesi
nfut
urer
efer
sto_
___
__.

A.Per
il
s.

B.Hazar
ds.

C.Ri
sk.

D.Damage.

ANSWER:
C

38.___
___
__i
nvol
vedt
hosel
ossest
hatoccurev
eni
fther
ewer
enochangesi
ntheeconomi
c
envi
ronment

A.Dy
nami
cri
sk.
B.St
ati
cri
sk.

C.Fundament
alr
isk.

D.Par
ti
cul
arr
isk.

ANSWER:
B

39.Ri
sksar
enotsui
tedt
otr
eat
mentbyi
nsur
ancer
efer
sto_
___
___
___
__.

A.St
ati
cri
sk.

B.Pr
oper
tyr
isk.

C.Dy
nami
cri
sk.

D.Li
abi
l
ityr
isk.

ANSWER:
C

40.Fundament
alr
iski
sal
sot
ermedas_
___
___
__.

A.Par
ti
cul
arr
isk.

B.Specul
ati
ver
isk.

C.Pur
eri
sk.

D.Gr
oupr
isk.

ANSWER:
D

41.Unempl
oyment
,war
,inf
lat
ion,
ear
thquakeset
c.,
aret
heexampl
esof_
___
___
_.

A.Pur
eri
sk.

B.Fundament
alr
isk.

C.Par
ti
cul
arr
isk.

D.Per
sonal
risk.

ANSWER:
B

42.Anyr
iski
nvol
vedasi
tuat
ionwher
ether
eisapossi
bil
i
tyofgai
nref
erst
o__
___
___
.

A.Li
abi
l
ityr
isk.

B.Per
sonal
risk.
C.Pur
eri
sk.

D.Specul
ati
ver
isk.

ANSWER:
D

43.Di
rectorConsequent
ial
lossesr
efert
o__
___
___
_.

A.Dy
nami
cri
sk.

B.Par
ti
cul
arr
isk.

C.Pr
oper
tyr
isk.

D.Pur
eri
sk.

ANSWER:
C

44.Spr
eadi
ngofr
iskot
her
wiset
ermedas_
___
___
__.

A.Spr
eadi
ngofr
isk.

B.Reduct
ionofr
isk.

C.Accept
anceofr
isk.

D.Shi
ft
ingofr
isk.

ANSWER:
A

45.Car
goshi
pcaughtbyf
ir
eisanexampl
eof_
___
___
___
.

A.par
ti
cul
arav
eragel
oss.

B.act
ual
tot
all
oss.

C.const
ruct
ivet
otal
loss.

D.gener
alav
eragel
oss.

ANSWER:
D

46.Rasht
ri
yaKr
ishi
Yoj
anaofCr
opI
nsur
anceSchemecamei
ntoI
ndi
adur
ing_
___
___
__.

A.1999.

B.1888.

C.1988.
D.1977.

ANSWER:
A

47.Corpusfundi
screat
edwit
hcont
ri
but
ionsf
rom t
heCent
ral
Gov
ernmentandSt
ate
Governmenton____
____
___
_.

A.75:
25basi
s.

B.50:
25basi
s.

C.60:
40basi
s.

D.70:
30basi
s

ANSWER:
B

48.Theor
gani
sat
ionst
ruct
ureofLI
Cref
erst
o__
___
___
___
.

A.Two-
ti
erst
ruct
ure.

B.Four
-t
ierst
ruct
ure.

C.Fi
vet
ierst
ruct
ure

D.Thr
ee-
ti
erst
ruct
ure.

ANSWER:
B

49.Theconst
it
uti
onoft
heI
RDAconsi
stsofnotmor
ethan_
___
___
__member
s.

A.10member
s.

B.7member
s.

C.9member
s.

D.3member
s.

ANSWER:
C

50.I
nsur
ancebusi
nessi
sbasedon_
___
___
___
.

A.Newt
on’
slaw.

B.Thet
heor
yofpr
obabi
l
ityandl
awofl
argenumber
s.

C.Par
kinson’
slaw.

D.Boy
lesl
aw
ANSWER:
B

51.Theinsur
ancepl
aysar
olei
ntheeconomi
cdev
elopmentoft
hecount
ryi
nfol
l
owi
ngWay
s
___
____
____.

A.Rel
easescapi
tal
fornewi
nvest
ment
s.

B.Thej
obpot
ent
ial
incr
eases.

C.Moneycol
l
ect
edi
sinv
est
edi
ninf
rast
ruct
ure.

D.Al
loft
heabov
e.

ANSWER:
D

52.Onthedeathofthebread-
ear
ner
,twol
ossesoccuri
nthef
ami
l
yonei
slossofhumanl
i
fe
andtheotheri
s____
_ _
___
_ .

A.ear
ningpoweroff
ami
l
y.

B.l
ossofi
nsur
ance.

C.l
ossofi
nvest
ment
.

D.l
ossofbankdeposi
ts.

ANSWER:
A

53.Val
uat
ioni
nli
fei
nsur
ancemeans_
___
___
___
_.

A.t
hepr
ocessofar
ri
vi
ngatt
hepr
ofi
tofal
i
fei
nsur
ancecompany
.

B.t
hepr
ocessofdet
ermi
ningt
henetpr
emi
um f
oral
i
fei
nsur
ancepol
i
cy.

C.t
hepr
ocessofar
ri
vi
ngatt
hebonusi
nal
i
fei
nsur
ancecompany
.

D.t
heprocessbywhi
cht
hev
alueofal
ltheexi
sti
ngpol
i
ciesi
sascer
tai
nedi
nal
i
fei
nsur
ance
company.

ANSWER:
D

54.Not
if
icat
ionofAl
ter
ati
oni
nRi
ski
sacondi
ti
on_
___
___
___
___
.

A.pr
ecedentt
oli
abi
l
ity
.

B.subsequentt
oli
abi
l
ity
.

C.pr
ecedentt
othecont
ract
.
D.subsequentt
othecont
ract
.

ANSWER:
D

55.Thewhol
e-l
i
fepl
ansi
nIndi
a__
___
___
___
.

A.paydeat
hbenef
it
sonl
ywhenev
eri
toccur
s.

B.paydeat
hbenef
it
saf
terr
eti
rement
.

C.paypol
i
cybenef
it
saf
tert
heper
sonat
tai
nsacer
tai
nage,
say80-
85y
ear
s.

D.paydeat
hbenef
it
saf
terpay
mentoff
ir
stpr
emi
um.

ANSWER:
A

56.Whatar
ewi
th-
prof
itpol
i
cies?

A.I
nsur
ancepol
i
cies,
whi
chcanbesol
datapr
ofi
t.

B.Pol
i
cieswhi
chcanbepl
edgedt
oav
ail
loan.

C.Pol
i
ciesunderwhi
chbonusi
spai
d.

D.Moneybackpl
ans.

ANSWER:
C

57.NametheI
ndi
aninsuranceorgani
sat
ionwhi
chf
ort
hef
ir
stt
imest
art
edchar
gingnor
mal
rat
esofpr
emium onI
ndian_____
_ _
_.

A.BombayMut
ual
Lif
eAssur
ancesoci
ety
.

B.Or
ient
alLi
feAssur
anceCompany
.

C.NewI
ndi
aAssur
anceCompany
.

D.Hi
ndust
anC-
oper
ati
ngI
nsur
anceSoci
ety
.

ANSWER:
A

58.Incaseabusi
nessfi
rm set
supapr
ivat
efundt
opayoutt
hel
ossesi
fhappens,
thent
hati
s
cal
ledas____
____
___.

A.I
ndi
vi
dual
insur
ance.

B.f
ami
l
yinsur
ance

C.Sel
f-
insur
ance.
D.gr
oupi
nsur
ance

ANSWER:
C

59.Gr
oupi
nsur
ancei
sideal
l
ysui
tedf
orcov
eri
ng_
___
___
.

A.af
fl
uentper
soni
nthesoci
ety
.

B.weakersect
ionsoft
hesoci
ety
.

C.empl
oyer
-empl
oyeegr
oups.

D.bot
h(2)and(
3).

ANSWER:
D

60.Mast
erpol
i
cyi
sissuedf
or_
___
___
___
_.

A.t
ermi
nsur
anceschemes.

B.per
manenti
nsur
ance.

C.gr
oupi
nsur
anceschemes

D.i
ndi
vi
dual
pol
i
cy.

ANSWER:
C

61.Fort
hei
ntr
oduct
ionofagr
oupscheme,
weneeda_
___
___
__.

A.homogeneousgr
oup.

B.i
nsur
edgr
oup.

C.smal
lgr
oupofper
sons.

D.l
argegr
oup.

ANSWER:
A

62.Thedoct
ri
neofCav
eatEmpt
orgov
erns_
___
___
_.

A.Mar
inei
nsur
ancecont
ract
s.

B.Commer
cial
cont
ract
s.

C.Gr
oupi
nsur
ancecont
ract
s.

D.Al
lgener
ali
nsur
ancecont
ract
s.
ANSWER:
B

63.Whati
sfl
oat
ingpol
i
cy?

A.Ast
andar
dfi
repol
i
cy.

B.Pol
i
cycov
eri
ngt
hef
ixedsum assur
edst
ock.

C.Apol
i
cyt
hatcov
ersst
ocksl
ocat
edi
nvar
iousgodownsunderasi
ngl
epol
i
cy.

D.Ar
enewabl
emar
inepol
i
cy.

ANSWER:
C

64.Cl
aimf
ormsar
enotcompul
sor
il
yusedi
n__
___
___
.

A.f
idel
i
tyguar
ant
ees.

B.mar
inecar
go.

C.machi
ner
ybr
eakdown.

D.Ot
her
s.

ANSWER:
B

65.Forset
tl
ementofcl
aims,
Insur
err
equi
respr
operknowl
edgeof_
___
___
___
_.

A.l
aw,
pri
nci
plesandpr
act
iceofi
nsur
ance.

B.l
awonl
y.

C.pr
inci
plesandpr
act
iceofi
nsur
ance.

D.Law,pr
incipl
es,
pract
iceofi
nsur
ance,
ter
msandcondi
ti
onsofpol
i
cies,
ext
ensi
onsand
modif
icat
ions.

ANSWER:
D

66.Thebur
denofpr
oofoft
hel
osswi
thi
nthescopeofpol
i
cyi
supont
he_
___
___
___
.

A.I
nsur
er.

B.I
nsur
ed.

C.Sur
vey
or.

D.Def
enceLawy
er.

ANSWER:
B
67.Ast
heagei
ncr
easesr
iskont
hel
i
fe_
___
___
.

A.I
ncr
eases.

B.Decr
eases.

C.doesnotchange.

D.Moder
ate.

ANSWER:
A

68.I
fthei
nter
estr
atesi
nthemar
ketar
ehi
gher
,thencostofi
nsur
ance_
___
___
__.

A.I
ncr
eases.

B.moder
ate.

C.Decr
eases.

D.nochange.

ANSWER:
C

69.Theexpenseswhi
chdonotv
arywi
tht
heamountofbusi
nesswr
it
tenar
ecal
l
ed_
___
___
__.

A.Di
rectexpenses.

B.Ov
erheadexpenses.

C.I
ndi
rectexpenses.

D.Tr
adi
ngexpenses.

ANSWER:
B

70.Br
oker
sAssoci
ati
onofI
ndi
awasgr
ant
edr
ecogni
ti
onbyI
RDAon_
___
___
__.

A.Dec11,
2001.

B.Dec11,
2002.

C.Dec11,
1999.

D.Dec11,
2003.

ANSWER:
A

71.For
eignequi
typar
ti
cipat
ioni
sal
l
owedi
ninsur
ancesect
orupt
oal
i
mitof_
___per
cent
.
A.80.

B.73.

C.49.

D.26.

ANSWER:
D

72.___
___
__pr
ovi
desgui
del
i
nest
odeci
dewhet
hert
hel
ossi
scausedbyani
nsur
edper
iloran
expect
edper
il
.

A.I
ndemni
ty.

B.Pr
oxi
mat
ecl
ause.

C.St
andar
dcl
aims.

D.Tr
ipsheet
.

ANSWER:
B

73._
___
___meanst
hoser
iskswhi
chi
nvol
veasi
tuat
ionwher
ether
eisapossi
bil
i
tyofgai
n.

A.Per
sonal
risk.

B.Specul
ati
ver
isk.

C.Li
abi
l
ityr
isk.

D.Ot
herr
isk.

ANSWER:
B

74.___
___
__ _i
sconcer
nedwi
tht
heconv
ersi
onofaf
ir
msassetandear
ningpoweragai
nstr
isks
ofacci
dentall
oss.

A.Ri
skr
etent
ion.

B.Ri
skcont
rol
.

C.Ri
skmanagement
.

D.Ri
ski
dent
if
icat
ion.

ANSWER:
C

75.__
_____
___i
sacontractbetweentheinsur
erandtheinsuredunderwhicht
hei
nsur
er
under
takestocompensatetheinsur
edforthelossar
isi
ngfrom theri
sk.
A.I
nsur
ance.

B.Agr
eement
.

C.I
ndemni
ty.

D.Pr
oxi
mat
ecl
ause.

ANSWER:
A

76.Theaut
hor
izedcapi
tal
ofGI
Cis_
___
___
___
.

A.35Cr
ore.

B.50Cr
ore.

C.75Cr
ore.

D.80Cr
ore.

ANSWER:
C

77._
___
___
___i
stheappoi
nti
ngofanomi
neeundert
hepol
i
cy.

A.Nomi
nat
ion.

B.El
ect
ion.

C.Just
if
icat
ion.

D.Assi
gnment
.

ANSWER:
A

78.The_
___
___
_hast
her
ightt
orecei
vet
heamountassur
edi
ntheev
entofdeat
hoft
hei
nsur
ed.

A.Empl
oyer
.

B.Nomi
nee.

C.Fr
iend.

D.t
hir
dpar
ty.

ANSWER:
B

79.Nominat
ioncanbedoneatt
hei
ncept
ionoft
hepol
i
cybypr
ovi
dingdet
ail
sofnomi
neei
nthe
___
____
__.

A.whi
tepaper
.
B.pr
oposal
for
m.

C.pr
emi
um r
ecei
pt.

D.pr
omi
ssor
ynot
e.

ANSWER:
B

80.Nomi
nat
ioncanbedoneonl
ybya_
___
___
__whoi
samaj
orhol
dingPol
i
cyBondi
nhi
sown
name.

A.Empl
oyer
.

B.l
egal
adv
isor
.

C.i
nsur
ancecompany
.

D.pol
i
cyhol
der
.

ANSWER:
D

81.UnderNominat
ion,t
heNomineeget
sonl
yther
ightt
orecei
vet
hepol
i
cymoneyi
nthe
___
_____
___oft
hepolicy
hol
der
.

A.ev
entofsi
ckness.

B.ev
entofdeat
h.

C.ev
entofcr
edi
t.

D.ev
entofhappi
ness.

ANSWER:
B

82.__
_ _
____i
sameanswherebyt
hebenefi
cial
int
erest
,ri
ghtandt
it
leunderapol
i
cyget
s
tr
ansferr
edfr
om t
heassi
gnortot
heassi
gnee.

A.Nomi
nat
ion.

B.Sel
ect
ion.

C.El
ect
ion.

D.Assi
gnment
.

ANSWER:
D

83._
___
___
_ist
hepol
i
cyhol
derwhot
ransf
erst
het
it
leoft
hepol
i
cy.

A.Assi
gnee.
B.Nomi
nee.

C.Assi
gnor
.

D.Consi
gnee.

ANSWER:
C

84._
___
__i
stheper
sonwhoder
ivest
het
it
lef
rom t
heassi
gnor
.

A.Assi
gnee.

B.Nomi
nee.

C.Assi
gnor
.

D.Consi
gnee.

ANSWER:
A

85.__
___
___canbedonebymer
eendor
sementont
hepol
i
cyorbyasepar
atedul
yst
amped
deed.

A.Nomi
nat
ion.

B.El
ect
ion.

C.Just
if
icat
ion.

D.Assi
gnment
.

ANSWER:
D

86.Al
i
fei
nsur
ancepol
i
cyf
rom LI
Cmaybeassi
gnedonl
yaf
teraper
iodof_
___
___
_.

A.10y
ear
s.

B.5y
ear
s.

C.3y
ear
s.

D.1y
ear
.

ANSWER:
B

87.Thet
otal
numberofbr
anchof
fi
cesofLI
Cis_
___
___
__.

A.800.

B.950.
C.1000.

D.2048.

ANSWER:
D

88.Howmanyzonal
off
icesar
efunct
ioni
ngunderLI
C?

A.5zonal
off
ices.

B.8zonal
off
ices.

C.10zonal
off
ices.

D.zonal
off
ices.

ANSWER:
B

89.LI
Cs_ _
____
_ _
_off
icei
stoperf
ormtheacti
vi
ti
esrel
ati
ngt
oinv
est
ment
s,f
rami
ngand
admini
ster
ingtheul
esandregul
ati
onsofcor
porat
ion.

A.Zonal
.

B.Di
vi
sional
.

C.Cent
ral
.

D.Br
anch.

ANSWER:
C

90.I
nLI
Cs_
___
__of
fi
ceal
most90%oft
hef
unct
ionsr
elat
etopol
i
cyhol
der
s.

A.Zonal
.

B.Cent
ral
.

C.Di
vi
sional
.

D.br
anch.

ANSWER:
D

91.TheLI
CsZonal
off
iceandDi
vi
sional
off
icear
eest
abl
i
shedont
hebasi
sof_
___
___
_.

A.numberofagent
s.

B.numberofpol
i
cyhol
der
s

C.geogr
aphi
cal
areas.
D.f
undal
l
ocat
ion.

ANSWER:
C

92.Thedocumentwhi
chcont
ainst
het
ermsandcondi
ti
onsoft
hel
i
fei
nsur
ancecont
racti
s
ter
medast he_
____
___
__.

A.Cov
ernot
e.

B.Li
fei
nsur
ancepol
i
cy.

C.Agr
eement
.

D.Ot
herdocument
.

ANSWER:
B

93.Theper
sont
owhom t
hepol
i
cypr
oceedswi
l
lbepai
dint
heev
entoft
hedeat
hoft
hei
nsur
ed
i
sknownas

_
___
___
.

A.Assi
gnee.

B.Nomi
nee.

C.Consi
gnee.

D.Benef
ici
ary
.

ANSWER:
D

94.A___
____
_istheper
sonwhosendst
hepr
oposal
for
mfort
aki
ngani
nsur
ancepol
i
cyand
payst
hepremium.

A.Pr
oposer
.

B.Nomi
nee.

C.l
egal
adv
isor
.

D.empl
oyer
.

ANSWER:
A

95.Thecashval
ueoft
hepoli
cy,
paidbyt
hecompanyupont
hesur
renderofapol
i
cybef
orei
t
becomespayabl
ebymatur
it
yisknownas__
___
____
_.

A.Pr
emi
um.
B.Cashsur
renderv
alue.

C.Consi
der
ati
on.

D.Commi
ssi
on.

ANSWER:
B

96.Onewhoshar
est
her
iskunderani
nsur
ancepol
i
cyorpol
i
ciesi
sknownas_
___
___
___
.

A.Assur
er.

B.I
nsur
er.

C.Co-
insur
er.

D.Agent
.

ANSWER:
C

97.Apol
icypr
otect
ingagr
oupofper
sons,
usual
l
yempl
oyeesofaf
ir
m gener
all
ycal
l
edas
___
___
___
_ _
.

A.Fi
rei
nsur
ancepol
i
cy.

B.Gr
oupi
nsur
ancepol
i
cy.

C.Mar
inei
nsur
ance.

D.Aut
omobi
l
einsur
ance.

ANSWER:
B

98.Theper
iodoft
imef
orwhi
cht
hepol
i
cywi
l
lnor
mal
l
yremai
ninexi
stencei
sknownas_
___
___
.

A.Pol
i
cyt
erm.

B.Pol
i
cynot
e.

C.Pr
oposedt
ime.

D.Gr
acet
ime.

ANSWER:
A

99.Whati
smeantbyacl
aim underani
nsur
ancepol
i
cy?
.

A.Anydemandmadebyt
hepol
i
cyhol
deront
hei
nsur
er.

B.Ademandt
oful
fi
lthepol
i
cyhol
der
’sobl
i
gat
ion.
C.Ademandt
oful
fi
lthei
nsur
ersobl
i
gat
ions.

D.Ademandt
oful
fi
lthet
hir
dpar
ty.

ANSWER:
C

100.I
fal
if
einsuredhasdi
edafewdaysbefor
ethedat
eofmat
uri
ty,
butaf
tersi
gni
ngdi
schar
ge
fr
om,towhom shoul
dthecl
aim bepai
d?.

A.Sur
viv
inghei
rs.

B.Nomi
nee.

C.Thepol
i
cyhol
der
sbankaccount
.

D.Anyoft
heabov
ethr
eeabov
ement
ioned.

ANSWER:
B

101.Whati
sapr
oposal
?.

A.Ar
equestf
orani
nsur
ancecov
er.

B.Anof
fert
oent
eri
ntoacont
ract
.

C.Bot
har
equestandanof
fert
oent
erani
nsur
ancecont
ract
.

D.Noneoft
heabov
e.

ANSWER:
C

102.I
fthepr
emi
um wasdueon15t
hJul
yand16Augusti
saSunday
.

A.t
hegr
aceper
iodwi
l
lendon14t
haugust(
Fri
day
).

B.t
hegr
aceper
iodwi
l
lendon15t
haugust(
Sat
urday
).

C.t
hegr
aceper
iodwi
l
lendon17t
haugust(
Monday
).

D.t
hegr
aceper
iodwi
l
lendaspert
hedi
scr
eti
onoft
hei
nsur
er.

ANSWER:
C

103.Apol
i
cywhi
chhasbeenassi
gned,
wil
lrev
ertt
otheassi
gnor
.

A.i
ftheassi
gnorsur
viv
est
il
lmat
uri
ty.

B.whenev
ert
heassi
gnordemandsi
t.
C.whent
hecondi
ti
onsspeci
fi
edi
nacondi
ti
onal
assi
gnmenthappen.

D.onmat
uri
tyoft
hepol
i
cy.

ANSWER:
C

104.I
nli
fei
nsur
ance,
prof
iti
sdet
ermi
nedby
___
___
___
___
.

A.t
heaccount
antwhopr
epar
est
hebal
ancesheet
.

B.t
heact
uar
ywhomakesav
aluat
ion.

C.t
heaudi
torwhocer
ti
fi
est
heannual
account
s.

D.t
het
hir
dpar
ty.

ANSWER:
B

105.Apl
anofi
nsur
ancei
ssai
dtobedi
ff
erentf
rom anot
heri
f__
___
___
__.

A.t
hesum assur
edi
sdi
ff
erent
.

B.t
heageoft
hel
i
fet
obei
nsur
edi
sdi
ff
erent
.

C.t
hedat
eofcommencementofpol
i
cyi
sdi
ff
erent
.

D.t
hecondi
ti
onswhent
hesum assur
edbecomespay
abl
ear
edi
ff
erent
.

ANSWER:
D

106.Whoi
sbenef
it
edi
fapol
i
cyi
sundert
hesal
arysav
ingsscheme?

A.Thepol
i
cyhol
der
.

B.Thei
nsur
er.

C.Theagent
.

D.Al
lthet
hreeabov
e.

ANSWER:
D

107.Whi
choft
heseper
sonswi
l
lnotbegi
venal
i
censet
owor
kasani
nsur
anceagent
?

A.Aper
sonwi
thcr
imi
nal
recor
d.

B.Acor
por
atei
nsur
anceexecut
ive.

C.Anempl
oyeeofani
nsur
ancecompany
.
D.Al
lthet
hreement
ionedabov
e.

ANSWER:
A

108.Atypeofi
nsur
ancecont
ractt
hroughwhi
chpr
otect
ioni
sgi
venagai
nstl
ossofcr
opf
rom
ri
skisknownas___
___.

A.Fi
rei
nsur
ance.

B.Cr
opi
nsur
ance.

C.Mar
inei
nsur
ance.

D.Aut
omobi
l
einsur
ance.

ANSWER:
B

109.Amemorandum addedt
oapol
i
cyembody
ingsomeal
ter
ati
onst
othet
ermsofpol
i
cyi
s
knownas__
_____
____
.

A.Endor
sement
.

B.Di
schar
geofcont
ract
.

C.Br
eachofcont
ract
.

D.Nomi
nat
ion.

ANSWER:
A

110.Aki
ndofinsur
ancewhichpr
ovi
desfori
ndemnit
yforl
ossagai
nstheal
thsuchasl
ossof
ti
meandmedicalexpensesduet
osi
cknessi
scall
ed_____
___
_.

A.Fi
del
i
tyi
nsur
ance.

B.Cr
opi
nsur
ance.

C.Heal
thi
nsur
ance.

D.Fi
rei
nsur
ance.

ANSWER:
C

111.I
nsur
eri
saper
sonwhohas_
___
__.

A.i
nsur
edhi
sli
feorgoods.

B.hel
pedaper
sont
ogetani
nsur
ancepol
i
cy.

C.under
takent
omakegoodt
hel
ossoft
hesubj
ectmat
terofi
nsur
ance.
D.f
il
easui
tinacour
tofl
awt
orecov
erani
nsur
ancecl
aim.

ANSWER:
C

112.Av
eragecl
ausei
saf
ir
epol
i
cy_
___
___
___
___
___
_.

A.av
eraget
hecl
aim ont
hedi
ff
erentpol
i
ciest
akenbyt
hei
nsur
ed.

B.i
nsur
est
hepr
oper
tyatav
eragepr
emi
um pai
dfort
hecl
asst
hreey
ear
s.

C.i
nsur
est
hepr
oper
tyatt
heav
erager
ateofpr
emi
um r
ecov
ereddur
ingt
hel
asty
earonl
y.

D.penal
i
zesunder
-i
nsur
ance.

ANSWER:
D

113.I
nwhi
chofthefol
l
owingt
ypesofi
nsur
anceshoul
dinsur
abl
eint
erestbepr
esentonl
yatt
he
ti
mewhenpol
icyist
aken?

A.Fi
rei
nsur
ance.

B.Li
fei
nsur
ance.

C.Mar
inei
nsur
ance.

D.Li
feandmar
inei
nsur
ance.

ANSWER:
B

114.Pai
d-upv
aluei
spay
abl
eonal
i
fei
nsur
ancepol
i
cy_
___
___
_.

A.ont
hemat
uri
tyoft
hepol
i
cy.

B.whent
hepol
i
cyl
apses.

C.whent
hepol
i
cyi
ssur
render
ed.

D.onmat
uri
tyordeat
hwhi
chev
eri
sear
li
er.

ANSWER:
D

115.I
nsur
ancet
echni
quei
sbasedont
hepr
inci
pleof_
___
___
___
.

A.pool
i
ngsy
stem.

B.compensat
ingot
her
s.

C.hel
pingot
her
s.

D.I
ndemni
ty.
ANSWER:
A

116.Apersoninsuredhi
sgoodswor
thRs.2000f
orRs.1600andsuf
fer
sal
ossofRs.1800.Hi
s
cl
aim canbefor___
_ _
___
__.

A.Rs.2000.

B.Rs.1800.

C.Rs.1600.

D.Rs.3800.

ANSWER:
C

117.Thepr
inci
pleofcont
ri
but
ionappl
i
eswhen_
___
___
___
___
.

A.t
hef
ull
amountofpr
emi
um i
snotappl
i
edbyt
hei
nsur
ed.

B.t
her
ear
etwoormor
einsur
anceont
her
isk.

C.t
hei
nsur
edi
nsur
est
hesamer
iskpol
i
cywi
thot
heri
nsur
ers.

D.t
hei
nsur
edi
nsur
est
hesamer
iskpol
i
cywi
thdi
ff
erentper
sons.

ANSWER:
B

118.Thepr
inci
pleof_
___
___doesnotappl
ytol
i
fei
nsur
ance.

A.Subr
ogat
ion.

B.ut
mostgoodf
ait
h.

C.Cont
ri
but
ion.

D.I
ndemni
ty.

ANSWER:
D

119.Mai
nemphasi
sofr
iskmanagementi
son_
___
___
___
__.

A.r
iskr
etent
ion.

B.r
educt
ionofcostofhandl
i
ngr
isk.

C.r
iskt
ransf
er.

D.I
nsur
ance.

ANSWER:
B
120.TheI
RDAhasr
epl
aced_
___
___
___
_.

A.t
hecont
rol
l
erofi
nsur
ance.

B.t
heLI
Cchai
rman.

C.depar
tmentofi
nsur
ance.

D.depar
tmentofcommer
ce.

ANSWER:
A

121.Whi
choft
hef
oll
owi
ngi
sthesi
mil
ari
tybet
weeni
nsur
anceandgambl
i
ng?
.

A.Theamountofl
osst
obepai
disknownbef
orehand.

B.Pr
omi
set
opayont
hehappeni
ngofanev
ent
.

C.Bot
hthepar
ti
eswi
nonhappeni
ngofanev
ent
.

D.Bot
har
eenf
orceabl
eatl
aw.

ANSWER:
A

122.Theconceptofi
nsur
ancei
s__
___
___
__.

A.t
omakemoneyoutofdeat
h.

B.t
oear
nint
erest
.

C.t
oear
nast
atus.

D.t
oshar
elossesbymany
.

ANSWER:
D

123.Ahumanl
i
fei
sani
ncome-
gener
ati
ngasset
___
___
___
__.

A.par
ti
all
ytr
ue.

B.par
ti
all
yfal
se.

C.Tr
ue.

D.Fal
se.

ANSWER:
C

124.Thecompanydoi
ngt
hei
nsur
ancebusi
nessi
scal
l
ed_
___
___
__.
A.mut
ual
funds.

B.non-
banki
ngf
ir
m.

C.banki
ngcompany
.

D.ani
nsur
ancecompany
.

ANSWER:
D

125.Whi
choneoft
hef
oll
owi
ngcomesundermi
scel
l
aneousi
nsur
ance?
.

A.Mar
inei
nsur
ance.

B.Mot
ori
nsur
ance.

C.Fi
rei
nsur
ance.

D.Gr
oupi
nsur
ance.

ANSWER:
B

126.Whi
choft
hef
oll
owi
ngi
sanev
idenceofi
nsur
ancecont
ract
?

A.I
nsur
ancePol
i
cy

B.pay
mentofpr
emi
um.

C.cov
ernot
e.

D.accept
anceofpr
oposal
.

ANSWER:
A

127.Ter
m assur
ancepr
ovi
dest
hef
oll
owi
ngbenef
it
s__
___
___
_.

A.deat
hbenef
it
sift
heper
sondi
eswi
thi
nter
m.

B.deat
handsur
viv
albenef
it
s.

C.per
iodi
cpay
ment
satpr
edi
ctabl
eint
erv
als.

D.deat
hbenef
it
swi
thbonus.

ANSWER:
A

128.Whi
choft
hef
oll
owi
ngi
sachi
l
drenpol
i
cyofLI
C?.

A.Jeev
anSneha.
B.Jeev
anVi
shwas.

C.Jeev
anDhar
a.

D.Jeev
anSukany
a.

ANSWER:
D

129.Thepr
emi
um i
slowestf
or_
___
___
___
__.

A.moneybackpol
i
cy.

B.t
ermi
nsur
ance.

C.whol
eli
fepol
i
cy.

D.endowmentpol
i
cy.

ANSWER:
C

130.Annui
typl
anof
fer_
___
___
___
___
__.

A.Li
qui
dit
y.

B.capi
tal
appr
eci
ati
on.

C.Pr
ofi
tabi
l
ity
.

D.r
egul
arassur
edr
etur
n.

ANSWER:
A

131.Cl
aimi
spr
ocessedont
hebasi
sof_
___
___
___
_.

A.cl
aimf
orm andagent
sopi
nion.

B.l
egal
opi
nion.

C.cl
aimf
orm,
sur
veyr
epor
tet
c.,
otherdocument
sandanyev
idencesecur
edbyt
hei
nsur
er.

D.sur
veyr
epor
t.

ANSWER:
C

132.I
nsur
ancewr
it
ingi
sof
tenr
efer
redt
oas_
___
___
___
_.

A.r
atemaki
ng.

B.Under
wri
ti
ng.
C.Under
taki
ng.

D.Document
ing.

ANSWER:
B

133.Aspert
hePr
inci
pleofI
nsur
abl
eint
erest
,itshoul
dbepr
esenti
nthecaseofl
i
feI
nsur
ance
___
____
__.

A.att
het
imeofcl
aim set
tl
ement
.

B.att
het
imeofsur
viv
alonl
y.

C.onl
yatt
hei
ncept
ionoft
hepol
i
cy.

D.ati
ncept
ionandatt
het
imeofr
evi
val
.

ANSWER:
D

134.Eur
opeanst
art
edt
heOr
ient
alLi
feI
nsur
anceCompanyi
nKol
kat
aint
hey
ear_
___
___
_.

A.1870.

B.1872.

C.1818.

D.1906.

ANSWER:
B

135.Thef
ir
stI
ndi
anI
nsur
anceActwaspassedi
n__
___
___
__.

A.1938.

B.1985.

C.1912.

D.1956.

ANSWER:
C

136.Theconceptofbancassur
anceor
igi
nat
edi
n__
___
___
___
.

A.Fr
ance.

B.U.
S.A.

C.Engl
and.
D.I
tal
y.

ANSWER:
A

137.Thecl
ausewhi
chset
soutt
heessenceoft
hecont
racti
s__
___
___
___
___
.

A.ThePr
eambl
e.

B.Reci
tal
Clause.

C.Condi
ti
ons.

D.Oper
ati
veCl
ause.

ANSWER:
D

138.Car
goShi
pCaughtbyf
ir
eisanex
ampl
eof_
___
___
___
.

A.par
ti
cul
arav
eragel
oss

B.Gener
alav
eragel
oss

C.const
ruct
ivet
otal
loss

D.Act
ual
tot
all
oss

ANSWER:
B

139.Corpusfundi
scr
eat
edwi
thcont
ri
but
ionsf
rom t
heCent
ral
Gov
ernmentandSt
ate
Governmenton

_
___
___
___
___
___
.

A.50:
50

B.60:
40

C.70:
30

D.75:
25

ANSWER:
A

140.Thedangerofl
ossf
rom t
heunf
oreseenci
rcumst
ancesi
nfut
urer
efer
sto_
___
___
___
.

A.Per
il
s

B.Hazar
d

C.Damage
D.Ri
sk

ANSWER:
D

141.Commi
tt
eeofRef
ormsi
ninsur
ancesect
orsdur
ing1993headedby_
___
___
_.

A.S.Nar
ashi
man

B.ManmohanSi
ngh

C.R.
N.Mal
hot
ra

D.P.Chi
damabar
am

ANSWER:
C

142.Thepropor
ti
onoft
her
iskwhi
cht
hedi
recti
nsur
erhol
dsonhi
sownaccountr
efer
sto
___
_____
___
.

A.Li
ne.

B.Ret
ent
ion

C.Ret
rocessi
on

D.Cedi
ngi
nsur
er

ANSWER:
B

143.Whenthesamer
iskandsubj
ectmat
teri
sinsur
edwi
thmor
ethanonei
nsur
eri
scal
l
ed
as___
___
_.

A.Doubl
einsur
ance

B..Ov
eri
nsur
ance

C.Rei
nsur
ance

D.Ext
ernal
insur
ance

ANSWER:
A

144.Whentheamountf
orwhi
chasubj
ectmat
teri
sinsur
edi
smor
ethani
tsact
ual
val
uei
s
cal
led_
____
_ _
___
.

A.Doubl
einsur
ance

B.Ov
eri
nsur
ance

C.Rei
nsur
ance.
D.Cr
opi
nsur
ance

ANSWER:
B

145.WhenwasI
RDAActpassed?

A.1930

B.1956

C.1972

D.1999

ANSWER:
D

146.Ther
ear
e__
_subsi
diar
ycompani
esav
ail
abl
e.

A.2

B.3.

C.5

D.4

ANSWER:
D

147._
__i
sthef
ir
sti
nsur
ancecompanyt
otr
ansactt
hegener
ali
nsur
ancebusi
ness

A.Tr
it
ionI
nsur
ance

B.LI
C.

C.GI
C

D.Noneoft
heabov
e

ANSWER:
A

148.Oi
lwel
ll
iabi
l
itycov
ers

A.Scal
l
ingoper
ati
ons

B.Dr
il
li
ngoper
ati
ons

C.Machi
ner
yOper
ati
ons

D.Noneoft
hese
ANSWER:
B

149.Poul
tr
yInsur
ancecov
ers

A.Speci
esofBi
rds

B.Rear
edofEggs

C.Meat
sofFeat
her
s

D.Al
ltheabov
e

ANSWER:
D

150.Cr
edi
tInsur
anceCov
ers

A.Cov
erageagai
nstbaddebt
s

B.Cov
erageagai
nstf
ir
eloss

C.Cov
erageagai
nstMar
inel
oss

D.Cov
erageagai
nstbur
glar
y

ANSWER:
A

1)Whi
choft
hef
oll
owi
ngt
ypesofcompani
es/
organi
sat
ionsi
ssueULI
P?

AI
nsur
ancecompani
es

BBanks

CNABARD

DRBI

2)
Whi
choft
hef
oll
owi
ngi
stheonl
ypubl
i
csect
orcompanyi
nthef
iel
dofl
i
fei
nsur
ance?

AGener
ali
nsur
ancecompany

BNewI
ndi
aassur
ancecompany

COr
ient
ali
nsur
ancecompany

DLi
feI
nsur
anceCor
por
ati
onofI
ndi
a
3)
Whi
choft
hef
oll
owi
ngi
sther
egul
atorofi
nsur
ancesect
ori
nIndi
a?

ARBI

BAMFI

CI
RDA

DSEBI

4)
Whi
choft
hef
oll
owi
ngt
ermsi
sNOTr
elat
edt
othei
nsur
ancesect
or?

AI
ndemni
ty

BCov
erage

CMi
suseAl
ert

DAnnui
ty

5)Whichofthef
oll
owingi
nsur
ancecompani
esgi
vest
hesl
oganPr
it
hvi
,Agni
,Jal
,Akash-Sabki
SurakhsaHamarePaas?

ALi
feI
nsur
anceCor
por
ati
on

BOr
ient
alI
nsur
anceCompany

CNewI
ndi
aAssur
ance

DGener
alI
nsur
anceCompany

6)
Wit
hwhi
choft
hef
iel
dsi
sact
uar
ial
sci
enceassoci
ated?

AI
nsur
ance

BBanki
ng

CMi
cro-
fi
nance

DSpacet
echnol
ogy

7)
Whatdoest
het
erm FSDC,
usedi
nfi
nanci
alsect
orsst
andf
or?
AFi
nanci
alSecur
it
yandDev
elopmentCounci
l

BFi
nanci
alSt
abi
li
tyandDev
elopmentCounci
l

CFi
scal
Secur
it
yandDev
elopmentConv
ent
ion

DFi
scal
Stabi
l
ityandDev
elopmentCounci
l

8)Onwhichoneofthefol
lowingissuescanSEBIpenali
zeanycompanyinIndi
a?1.Vi
olati
onof
Banki
ngRegulat
ionAct2.Violat
ionoffor
eignpor
tfol
ioinv
estmentgui
del
ines3.Forv
iolat
ionof
Negot
iableI
nstr
umentAct

AOnl
y1

BOnl
y2

COnl
y3

DAl
lthet
hree

9)
Expandt
het
erm CCEAasusedi
nadmi
nist
rat
iveci
rcl
es

ACabi
netCommi
tt
eeonExt
ernal
Aff
air
s

BCabi
netCommi
tt
eeonEconomi
cAf
fai
rs

CCabi
netCounci
lonExt
ernal
Aff
air
s

DCabi
netCounci
lonEconomi
cAf
fai
rs

10)
For
eignexchanger
eser
vesofI
ndi
aar
ekepti
nthecust
odyofwhi
choft
hef
oll
owi
ng?

AReser
vebankofI
ndi
a

BAl
lpubl
i
csect
orbanks

CFor
eignbanksi
nIndi
a

DGov
ernmentt
reasur
y

11)
Whi
choft
hef
oll
owi
ngwast
hepar
entcompanyofNewI
ndi
aAssur
ance?
ALI
C

BGI
C

COr
ient
alI
nsur
anceCo.Lt
d.

DUni
tedI
ndi
aInsur
ance

12I
nInsur
ancepol
i
ciesweal
way
sfi
ndadat
ewhi
chi
s“Dat
eofMat
uri
ty”
.Whatdoesi
tmean?

AThi
sist
hedat
eonwhi
cht
hepol
i
cywassol
dtot
hecust
omer
/per
soni
nsur
ed

BThi
sisthedat
eonwhi chthepoli
cyhol
derwi
ll
hav et
osubmithi
s/hercl
aim seekingt
he
amountoft
hepoli
cy.Ot
herwisethecompanywi
llnotmakeanypaymenttohim/ her

CThi
sisthedat
eonwhi
cht
hecont
ractbet
weent
heper
sonandi
nsur
ancecompanywi
l
l
cometoanend

DNoneoft
hese

13Whi
choft
hef
oll
owi
ngt
ermsi
sNotusedi
nthewor
ldoff
inance,
banki
ngandi
nsur
ance?

ADev
aluat
ion

BAmnest
y

CHar
dcur
rency

DNoneoft
hese

14TheNonGov
ernmentor
gani
zat
ions(
NGO)hel
pst
hei
nsur
ancei
ndust
rymai
nlyi
n

ALi
nki
ngt
hir
dpar
tyadmi
nist
rat
ors

BPr
omot
ional
act
ivi
ti
es

CDr
aft
ingnewr
egul
ati
ons

DLi
nki
ngbuy
ersandsel
ler
s

15Ami
ssi
ngper
soni
sconsi
der
edt
obedeadaf
terhowmanyy
ear
sofmi
ssi
ng?
2A3y
ear
s

B5y
ear
s

C15y
ear
s

D7y
ear
s

16Whi
chI
nsur
anceCompanyst
art
edi
tsoper
ati
oni
nthey
eari
nwhi
chI
ndi
agotI
ndependence?

AUI
ICL

BGI
C

CLI
C

DOI
CL

17Thepunchli
neoftheadver
ti
sementofwhi
choft
hef
oll
owi
ngor
gani
zat
ioni
s“Ji
ndagi
ke
sat
hbhiJi
ndagikebadbhi”?

ANewI
ndi
aAssur
ance

BGener
alI
nsur
anceCor
por
ati
on

CI
CICIPr
udent
ial

DLi
feI
nsur
anceCor
por
ati
onOfI
ndi
a

Answer
:Li
feI
nsur
anceCor
por
ati
onOfI
ndi
a

18Ifanorgani
zati
onwishest
ovent
urei
ntoI
nsur
anceBusi
nessi
thast
oobt
ainal
i
cencef
ir
st
fr
om whichofthefol
l
owing?

AI
ndi
anBanksAssoci
ati
on(
IBA)

BSecur
it
yandExchangeBoar
dofI
ndi
a(SEBI
)

CTar
if
fAdv
isor
yCommi
tt
ee(
TAC)

DI
nsur
anceRegul
ator
yandDev
elopmentAut
hor
it
yofI
ndi
a(I
RDAI
)
Answer
:Insur
anceRegul
ator
yandDev
elopmentAut
hor
it
yofI
ndi
a(I
RDAI
)

19Whi
choft
hef
oll
owi
ngwast
hepar
entcompanyofNewI
ndi
aAssur
ance?

ALI
C

BGI
C

COr
ient
alI
nsur
anceCo.Lt
d.

DUni
tedI
ndi
aInsur
ance

Answer
:GI
C

20TheNewI
ndi
aAssur
anceCompanywasest
abl
i
shedi
n1919by

ADor
abTat
a

BG.D.Bi
rl
a

CJamunal
alBaj
aJ

DKaml
apatSi
nghani
a

Answer
:Dor
abTat
a

21Whi
choft
hef
oll
owi
ngi
slar
gestNonLi
feI
nsur
anceCompanyi
nIndi
a?

AI
CICILombar
dGener
alI
nsur
anceCompanyLt
d.

BUni
tedI
ndi
aInsur
anceCompanyLt
d.

CGener
alI
nsur
anceCompanyLt
d.

DNewI
ndi
aAssur
anceCompanyLt
d.
Answer
:NewI
ndi
aAssur
anceCompanyLt
d.

22Whi
chamongstt
hef
oll
owi
ngi
snotani
nsur
ancecompanyf
unct
ioni
ngi
nIndi
a?

AI
CICIpr
udent
ial

BI
NGVy
sya

CNat
ional
Secur
it
iesDeposi
tor
yLi
mit
ed

DNewI
ndi
aAssur
ancecompany

Answer
:Nat
ional
Secur
it
iesDeposi
tor
yLi
mit
ed

23"Acontractt
hatpl
edgespaymentofanagreeduponamounttotheperson(
orhi
s/her
nominee)onthehappeni
ngofaneventcov
eredagainst
"ist
echni
call
yknownas

ADeat
hcov
erage

BLi
fei
nsur
ance

CSav
ingsf
orf
utur
e

DPr
ovi
dentf
und

Answer
:Li
fei
nsur
ance

24Wi t
hwhi chofthef
oll
owingdidtheStat
eBankofI
ndi
aent
eri
ntoaj
ointv
ent
ureagr
eement
forunder
takinggener
ali
nsurancebusi
ness?

ANewI
ndi
aAssur
anceLt
d.

BI
nsur
anceAust
ral
i
aGr
oup

CLehmanBr
other
sHol
dingsI
nc.

DAl
l
ianz

Answer
:Insur
anceAust
ral
i
aGr
oup

25Whichoft
hef
oll
owi
ngpubl
i
csect
orcompani
es/
organi
zat
ionspr
ovi
desi
nsur
ancecov
ert
o
expor
ter
s?
AECGC

BNABARD

CSI
DBI

DI
RDA

Answer
:ECGC

26Thei
nsur
ancecompani
escol
l
ectaf
ixedamountf
rom i
tscust
omer
sataf
ixedi
nter
val
of
ti
me.Whati
sitcal
l
ed?

AI
nst
alment

BCont
ri
but
ion

CPr
emi
um

DEMI

Answer
:Pr
emi
um

27Whi
choft
hef
oll
owi
ngi
s/ar
ethev
ari
oust
ypesofi
nsur
ance?

1.Li
fei
nsur
ance

2.Heal
thi
nsur
ance

3.Li
abi
l
ityi
nsur
ance

AOnl
y(a)

BOnl
y(a)and(
b)

COnl
y(b)and(
c)

DAl
lthet
hree
Answer
:Al
lthet
hree

28Whi
choft
hef
oll
owi
ngt
ermsi
susedi
nthef
iel
doff
inanceandbanki
ng?

AEl
ast
ici
ty

BI
nfl
ati
on

CPul
ser
ate

DAl
lthet
hree

Answer
:Inf
lat
ion

29Expandt
het
ermI
FRS.

AI
ndi
anFi
nanci
alRepor
ti
ngSt
andar
ds

BI
ndi
anFi
nanci
alRepor
ti
ngSy
stems

CI
nter
nat
ional
Financi
alRepor
ti
ngSt
andar
ds

DI
nter
nat
ional
Financi
alRepor
ti
ngSy
stems

Answer
:Int
ernat
ional
Financi
alRepor
ti
ngSt
andar
ds

30Undert
heESOP,
whooft
hef
oll
owi
ngar
eof
fer
edshar
esi
nthecompany
?

AEmpl
oyees

BExi
sti
ngShar
ehol
der
s

CPr
omot
ers

DNRI
s

Answer
:Empl
oyees

31Fi
scal
pol
i
cyi
sconcer
nedwi
thwhi
choft
hef
oll
owi
ng?

AExpor
tandi
mpor
t
BPubl
i
crev
enueandexpendi
tur
e

CI
ssueofcur
rency

DPopul
ati
oncont
rol

Answer
:Publ
i
crev
enueandexpendi
tur
e

32Whi
choft
hef
oll
owi
ngi
sNOTapar
tofI
ndi
a’
smoneymar
ket
?

ABi
l
lmar
ket

BCal
lmoneymar
ket

CBanks

DI
ndi
anGol
dcounci
l

Answer
:Indi
anGol
dcounci
l

33Whi
choft
hef
oll
owi
ngi
sther
egul
atoroft
hecr
edi
trat
ingagenci
esi
nIndi
a?

ARBI

BSBI

CSEBI

DNoneoft
hese

Answer
:SEBI

34FDIr
efer
sto

AFi
xedDeposi
tsi
nIndi
a

BFor
eignDi
rectI
nvest
ment

CFor
eignDeposi
tsi
nIndi
a

DFut
ureDer
ivat
iveI
nvest
ment
Answer
:For
eignDi
rectI
nvest
ment

35Av
ivapl
cisanmul
ti
nat
ional
insur
ancecompanyheadquar
ter
edi
n–

AMuni
ch

BPar
is

CLondon

DToky
o

Answer
:London

36St
atef
inanci
alCor
por
ati
onsgi
veassi
stancemai
nlyt
odev
elopwhi
choft
hef
oll
owi
ng?

ASmal
landmedi
um scal
eindust
ri
es

BAgr
icul
tur
alsect
or

CCot
toni
ndust
ry

DLar
gescal
eindust
ri
es

Answer
:Smal
landmedi
um scal
eindust
ri
es

37Bondsi
ssuedbyI
ndi
anent
it
iesout
sideI
ndi
abutdenomi
nat
edi
nIndi
anr
upeesar
eknownas
–

ADesi
Bonds

BNRIBonds

CPr
avasi
Bonds

DMasal
aBonds

Answer
:Masal
aBonds

38Yogakshemam Vahamy
aham i
sthet
agl
i
neof–

AHDFCLi
feI
nsur
ance

BSBILi
feI
nsur
ance
CBhar
tiAXALi
feI
nsur
ance

DLi
feI
nsur
anceCor
por
ati
on

Answer
:Li
feI
nsur
anceCor
por
ati
on

39SarUt
hakeJi
yoi
sthet
agl
i
neof–

AHDFCLi
feI
nsur
ance

BBi
rl
aSunLi
feI
nsur
ance

CAv
ivaLi
feI
nsur
ance

DSahar
aIndi
aLi
feI
nsur
ance

Answer
:HDFCLi
feI
nsur
ance

40AXAi
sani
nsur
ancecompanyheadquar
ter
edi
n–

ALondon

BToky
o

CNewYor
k

DPar
is

Answer
:Par
is

I
nsur
anceMCQs|
Insur
anceShor
tQuest
ionsandAnswer
s

Home/
Gener
alKnowl
edge/
insur
anceshor
tquest
ionsandanswer
s

Quest
ions
41Whi
choneoft
hef
oll
owi
ngdoesnotbel
ongt
othemai
npr
oduct
sofl
i
fei
nsur
ance?

AEndowment

BPer
sonal
acci
denti
nsur
ance

CTer
m

DWhol
eli
fe

Answer
:Per
sonal
acci
denti
nsur
ance

42Whichoneoft
hefol
l
owi
ngdoesnotbel
ongt
othemaj
orgener
ali
nsur
ancepr
ivat
esect
or
compani
esinI
ndi
a?

ABaj
ajAl
l
ianzGener
alI
nsur
ance

BRel
i
anceGener
alI
nsur
ance

CRoy
alSundar
am Al
l
ianceI
nsur
ance

DTheOr
ient
alI
nsur
aceCompany

Answer
:TheOr
ient
alI
nsur
aceCompany

43Whenwast
heGener
alI
nsur
anceCor
por
ati
onofI
ndi
aincor
por
ated?

A1971

B1972

C1973

D1975

Answer
:1972

44WhatdoesPACst
andf
or?

APost
-Aut
hor
izedCheque

BPr
e-Aut
hor
izedCheque
CPr
e-Aut
hor
izedChequi
ng

DPr
e-Aut
hor
izedChecki
ng

Answer
:Pr
e-Aut
hor
izedChequi
ng

45Whati
stheexpandedf
orm oft
het
erm ALM?

AAssetLi
abi
l
ityMai
ntenance

BAssetLi
abi
l
ityManagement

CAssetLi
abi
l
ityMani
pul
ati
on

DAssetLi
abi
l
ityMaxi
misat
ion

Answer
:AssetLi
abi
l
ityManagement

46Whi
choft
hef
oll
owi
ngt
ypesofcompani
es/
organi
sat
ionsi
ssueULI
P?

AI
nsur
ancecompani
es

BBanks

CNABARD

DRBI

Answer
:Insur
ancecompani
es

Curr
entAf
fair
s,I
nsur
ance,El
ectr
ici
ty,
Lawyer
,Degr
eeexams,
Gov
tJobsGK,
IBPS,
SSC,
UPSC,
Publ
icSer
viceCommissi
on(PSC),CAT,MATexam,CSqui
zMCQs

I
nsur
anceMCQs|
Insur
anceShor
tQuest
ionsandAnswer
s

Home/
Gener
alKnowl
edge/
insur
anceshor
tquest
ionsandanswer
s
Quest
ions

41Whi
choneoft
hef
oll
owi
ngdoesnotbel
ongt
othemai
npr
oduct
sofl
i
fei
nsur
ance?

AEndowment

BPer
sonal
acci
denti
nsur
ance

CTer
m

DWhol
eli
fe

Answer
:Per
sonal
acci
denti
nsur
ance

42Whichoneoft
hefol
l
owi
ngdoesnotbel
ongt
othemaj
orgener
ali
nsur
ancepr
ivat
esect
or
compani
esinI
ndi
a?

ABaj
ajAl
l
ianzGener
alI
nsur
ance

BRel
i
anceGener
alI
nsur
ance

CRoy
alSundar
am Al
l
ianceI
nsur
ance

DTheOr
ient
alI
nsur
aceCompany

Answer
:TheOr
ient
alI
nsur
aceCompany

43Whenwast
heGener
alI
nsur
anceCor
por
ati
onofI
ndi
aincor
por
ated?

A1971

B1972

C1973

D1975

Answer
:1972

44WhatdoesPACst
andf
or?
APost
-Aut
hor
izedCheque

BPr
e-Aut
hor
izedCheque

CPr
e-Aut
hor
izedChequi
ng

DPr
e-Aut
hor
izedChecki
ng

Answer
:Pr
e-Aut
hor
izedChequi
ng

45Whati
stheexpandedf
orm oft
het
erm ALM?

AAssetLi
abi
l
ityMai
ntenance

BAssetLi
abi
l
ityManagement

CAssetLi
abi
l
ityMani
pul
ati
on

DAssetLi
abi
l
ityMaxi
misat
ion

Answer
:AssetLi
abi
l
ityManagement

46Whi
choft
hef
oll
owi
ngt
ypesofcompani
es/
organi
sat
ionsi
ssueULI
P?

AI
nsur
ancecompani
es

BBanks

CNABARD

DRBI

Answer
:Insur
ancecompani
es

47Whi
choft
hef
oll
owi
ngi
stheonl
ypubl
i
csect
orcompanyi
nthef
iel
dofl
i
fei
nsur
ance?

AGener
ali
nsur
ancecompany

BNewI
ndi
aassur
ancecompany
COr
ient
ali
nsur
ancecompany

DLi
feI
nsur
anceCor
por
ati
onofI
ndi
a

Answer
:Li
feI
nsur
anceCor
por
ati
onofI
ndi
a

48Whi
choft
hef
oll
owi
ngt
ermsi
sNOTr
elat
edt
othei
nsur
ancesect
or?

AI
ndemni
ty

BCov
erage

CMi
suseAl
ert

DAnnui
ty

Answer
:Mi
suseAl
ert

49Whichoft
hefol
lowingis/
aret
hev
ari
oust
ypesofi
nsur
ance?a)Li
fei
nsur
anceb)Heal
th
i
nsur
ancec)Li
abi
li
tyinsur
ance

AOnl
y(a)

BOnl
y(a)and(
b)

COnl
y(b)and(
c)

DAl
lthet
hree

Answer
:Al
lthet
hree

50Thecent
ral
off
iceoft
heLi
feI
nsur
anceCor
por
ati
onofI
ndi
a(LI
C)i
slocat
edat

AKol
kat
a

BNewDel
hi

CChennai

DMumbai
Answer
:Mumbai

51Whi
choft
hef
oll
owi
ngi
slar
gestNonLi
feI
nsur
anceCompanyi
nIndi
a?

AI
CICILombar
dGener
alI
nsur
anceCompanyLt
d.

BUni
tedI
ndi
aInsur
anceCompanyLt
d.

CGener
alI
nsur
anceCompanyLt
d.

DNewI
ndi
aAssur
anceCompanyLt
d.

Answer
:NewI
ndi
aAssur
anceCompanyLt
d.

52Asweknow,t
heGover
nmenti
spayi
ngmuchat
tent
ionto“
Micr
oFi
nance”t
heseday
s.Whi
ch
oft
hefol
l
owingi
soneoft
heexampl
esofMi
croFi
nance?

AI
nsur
ancef
orl
i
fe

BI
nvest
menti
nMut
ual
Funds

CSel
fHel
pGr
oups

DLet
terofCr
edi
t

Answer
:Sel
fHel
pGr
oups

53Insur
ancecompanyt
ransf
erst
hei
nsur
ancewhi
chcannotbearbyt
hem t
owhi
choft
he
fol
l
owing?

ATPAs

BBancassur
ance

CRei
nsur
ance

DAct
uar
ies

Answer
:Rei
nsur
ance

54Whi
choft
hef
oll
owi
ngi
scust
omerofaRei
nsur
er?

AI
nsur
anceCompani
es
BHi
ghNet
wor
thI
ndi
vi
dual

CLi
cencedI
nsur
anceAgent
s

DNGOs

Answer
:Insur
anceCompani
es

55Whati
sthemaxi
mum Ti
mei
nwhi
cht
hei
nsur
ershoul
dset
tl
eacl
aim whenal
ldocument
s
ar
esubmi
tted

A5day
s

B20day
s

C30day
s

D15day
s

Answer
:30day
s

56Ai
nsur
eradv
ert
isest
hroughdai
l
ynewspaper.Whatt
ypeofmar
ket
ingi
s

Acr
osssel
l
ing

Bpol
i
cysel
l
ing

CSol
i
cit
ati
onofPol
i
cy

DI
nsur
ancesel
l
ing

Answer
:Sol
i
cit
ati
onofPol
i
cy

57MWP-I
fthepol
i
cyi
sendor
sedunderMWP–t
hent
hebenef
ici
ari
esar
ewi
feand?

Aex-
wif
e

Bchi
l
dren

Cmot
her

Dpar
ent
s
Answer
:chi
l
dren

58Ai
nsur
eradv
ert
isest
hroughdai
l
ynewspaper.Whatt
ypeofmar
ket
ingi
s

Acr
osssel
l
ing

Bpol
i
cysel
l
ing

CSol
i
cit
ati
onofPol
i
cy

DI
nsur
ancesel
l
ing

Answer
:cr
osssel
l
ing

59Gener
alI
nsur
ance(
Publ
i
cSect
or)Associ
ati
onofI
ndi
a’
sHQi
ssi
tut
atedi
n?

ATel
engana

BMumbai

CDel
hi

DChennai

Answer
:Del
hi

60I
ndi
a’
sAgr
icul
tur
alI
nsur
eri
s:

ANABARD

BGI
C

CKI
shanBi
maSanst
ha

DAI
C

Answer
:KI
shanBi
maSanst
ha

Curr
entAf
fair
s,I
nsur
ance,El
ectr
ici
ty,
Lawyer
,Degr
eeexams,
Gov
tJobsGK,
IBPS,
SSC,
UPSC,
Publ
icSer
viceCommissi
on(PSC),CAT,MATexam,CSqui
zMCQs
I
nsur
anceMCQs|
Insur
anceMul
ti
pleChoi
ceQuest
ionswi
thAnswer
s

Home/
Gener
alKnowl
edge/
insur
ancemul
ti
plechoi
cequest
ionswi
thanswer
s

Quest
ions

61Whichoft
hef
oll
owingi
nsur
ancecompani
esgi
vest
hesl
oganPr
it
hvi
,Agni
,Jal
,Akash-Sabki
Sur
akhsaHamar
ePaas?

ALi
feI
nsur
anceCor
por
ati
on

BOr
ient
alI
nsur
anceCompany

CNewI
ndi
aAssur
ance

DGener
alI
nsur
anceCompany

Answer
:Or
ient
alI
nsur
anceCompany

62Whi
choft
hef
oll
owi
ngwor
ds/t
ermsi
scl
osel
yassoci
atedwi
tht
hei
nsur
ancebusi
ness

AAr
chi
ves

BDonat
ion

CAct
uar
y

DQuest

Answer
:Act
uar
y

63Whi
chi
saf
ixedamountf
oracov
eredser
vicei
ntheheal
thsect
or?

ACoi
nsur
ance

BDeduct
ibl
e
CCopay

DHeal
thI
nsur
ance

Answer
:Copay

64Adeduct
ibl
eisusual
l
yment
ionedi
n

ARupee

BDol
l
ar

CEur
o

DPound

Answer
:Dol
l
ar

65I
npursuanceofwhi
choneoft
hef
oll
owi
ngwast
heGener
alI
nsur
anceCor
por
ati
onofI
ndi
a
wasfor
med?

AGener
alI
nsur
anceBusi
ness(
Nat
ional
i
zat
ion)Act
,1972

BI
nsur
anceAct
,1938

CI
nsur
anceAmendmentAct
,2002

DNoneoft
hese

Answer
:Gener
alI
nsur
anceBusi
ness(
Nat
ional
i
zat
ion)Act
,1972

66Whi
chamongstt
hef
oll
owi
ngi
snotani
nsur
ancecompanyf
unct
ioni
ngi
nIndi
a?

AI
CICIpr
udent
ial

BI
NGVy
sya

CNat
ional
Secur
it
iesDeposi
tor
yLi
mit
ed

DNewI
ndi
aAssur
ancecompany

Answer
:Nat
ional
Secur
it
iesDeposi
tor
yLi
mit
ed
Curr
entAf
fair
s,I
nsur
ance,El
ectr
ici
ty,
Lawyer
,Degr
eeexams,
Gov
tJobsGK,
IBPS,
SSC,
UPSC,
Publ
icSer
viceCommissi
on(PSC),CAT,MATexam,CSqui
zMCQs

I
nsur
anceMCQs|
Insur
anceMul
ti
pleChoi
ceQuest
ionswi
thAnswer
s

Home/
Gener
alKnowl
edge/
insur
ancemul
ti
plechoi
cequest
ionswi
thanswer
s

Quest
ions

61Whichoft
hef
oll
owingi
nsur
ancecompani
esgi
vest
hesl
oganPr
it
hvi
,Agni
,Jal
,Akash-Sabki
Sur
akhsaHamar
ePaas?

ALi
feI
nsur
anceCor
por
ati
on

BOr
ient
alI
nsur
anceCompany

CNewI
ndi
aAssur
ance

DGener
alI
nsur
anceCompany

Answer
:Or
ient
alI
nsur
anceCompany

62Whi
choft
hef
oll
owi
ngwor
ds/t
ermsi
scl
osel
yassoci
atedwi
tht
hei
nsur
ancebusi
ness

AAr
chi
ves

BDonat
ion

CAct
uar
y

DQuest

Answer
:Act
uar
y
63Whi
chi
saf
ixedamountf
oracov
eredser
vicei
ntheheal
thsect
or?

ACoi
nsur
ance

BDeduct
ibl
e

CCopay

DHeal
thI
nsur
ance

Answer
:Copay

64Adeduct
ibl
eisusual
l
yment
ionedi
n

ARupee

BDol
l
ar

CEur
o

DPound

Answer
:Dol
l
ar

65I
npursuanceofwhi
choneoft
hef
oll
owi
ngwast
heGener
alI
nsur
anceCor
por
ati
onofI
ndi
a
wasfor
med?

AGener
alI
nsur
anceBusi
ness(
Nat
ional
i
zat
ion)Act
,1972

BI
nsur
anceAct
,1938

CI
nsur
anceAmendmentAct
,2002

DNoneoft
hese

Answer
:Gener
alI
nsur
anceBusi
ness(
Nat
ional
i
zat
ion)Act
,1972

66Whi
chamongstt
hef
oll
owi
ngi
snotani
nsur
ancecompanyf
unct
ioni
ngi
nIndi
a?

AI
CICIpr
udent
ial

BI
NGVy
sya

CNat
ional
Secur
it
iesDeposi
tor
yLi
mit
ed
DNewI
ndi
aAssur
ancecompany

Answer
:Nat
ional
Secur
it
iesDeposi
tor
yLi
mit
ed

67“Acontractt
hatpl
edgespaymentofanagreeduponamounttotheperson(
orhi
s/her
nominee)onthehappeni
ngofaneventcov
eredagainst
”ist
echni
call
yknownas

ADeat
hcov
erage

BLi
fei
nsur
ance

CSav
ingsf
orf
utur
e

DPr
ovi
dentf
und

Answer
:Li
fei
nsur
ance

68Wi t
hwhi chofthef
oll
owingdidtheStat
eBankofI
ndi
aent
eri
ntoaj
ointv
ent
ureagr
eement
forunder
takinggener
ali
nsurancebusi
ness?

ANewI
ndi
aAssur
anceLt
d.

BI
nsur
anceAust
ral
i
aGr
oup

CLehmanBr
other
sHol
dingsI
nc.

DAl
l
ianz

Answer
:Insur
anceAust
ral
i
aGr
oup

69Whi
choft
hef
oll
owi
ngi
sther
egul
atorofi
nsur
ancesect
ori
nIndi
a?

ARBI

BAMFI

CI
RDA

DSEBI
Answer
:IRDA

70TheNewI
ndi
aAssur
anceCompanywasest
abl
i
shedi
n1919by

ADor
abTat
a

BG.D.Bi
rl
a

CJamunal
alBaj
aJ

DKaml
apatSi
nghani
a

Answer
:Dor
abTat
a