1) When did The Insurance Act, 1938, come into force?

A) 01 April 1939
B) 01 March 1939
C) 01 July 1938
D) 23 April 1938
Answer –C) 01 July 1938

2) Which section of The Insurance Act, 1938 deals with the Abstract of proceedings of general
meetings?
A. Section 12 of The Insurance Act, 1938
B. Section 19 of The Insurance Act, 1938
C. Section 14 of The Insurance Act, 1938
D. Section 20 of The Insurance Act, 1938
Answer B. Section 19 of The Insurance Act, 1938

3. Which section of The Insurance Act, 1938 deals with Record of policies and claim_ ?
A. Section 16 of The Insurance Act, 1938
B. Section 14 of The Insurance Act, 1938
C. Section 13 of The Insurance Act, 1938
D. Section 18 of The Insurance Act, 1938
Answer – B. Section 14 of The Insurance Act, 1938

4. Section 25 of The Insurance Act, 1938 deals with_______?

A. Powers of Authority regarding returns
B. Evidence of documents.
C.Investment by insurer in certain cases
D. Returns to be published in statutory forms
Ans- D. Returns to be published in statutory forms

5.Powers of Authority regarding returns., is provided in section____ of The Insurance Act, 1938
A. Section 24 of The Insurance Act, 1938
B. Section 22 of The Insurance Act, 1938
C. Section 21 of The Insurance Act, 1938
D. Section 23 of The Insurance Act, 1938
Ans- C. Section 21 of The Insurance Act, 1938

6. Section 20 of The Insurance Act, 1938 provides _?

A.Custody and inspection of documents and supply of copies
B.Assets of insurer how to be kept
C. Prohibition of loans.
D.Powers of Authority to order revaluation.
Ans A.Custody and inspection of documents and supply of copies
 7. Which section of The Insurance Act, 1938 deals with Minimum limits for annuities and
other benefits secured by policies of life insurance ?
A. Section 7 of The Insurance Act, 1938
B. Section 4 of The Insurance Act, 1938
C. Section 5 of The Insurance Act, 1938
D. Section 9 of The Insurance Act, 1938
Answer – B. Section 4 of The Insurance Act, 1938

8. Section 28 of The Insurance Act, 1938deals with_______?

A. Investment of assets
B. Provisions relating to managers, etc
C. Statement and return of investment of assets
D. Investment by insurer in certain cases
Ans- C. Statement and return of investment of assets

9) Which section of The Insurance Act, 1938 deals with the Power of investigation and
inspection by Authority?
A. Section 37 of The Insurance Act, 1938
B. Section 33 of The Insurance Act, 1938
C. Section 34 of The Insurance Act, 1938
D. Section 35 of The Insurance Act, 1938
Answer B. Section 33 of The Insurance Act, 1938

10) Section 10 of The Insurance Act, 1938 deals with_______?

A.Furnishing reports
B.Actuarial report and abstract.
C. Prohibition of loans
D. Separation of accounts and funds
Answer-D. Separation of accounts and funds