Question 1Insurance Regulatory and Development Authority (IRDA),
the regulatory body for Indian insurance industry, has its head
office situated at which city?A BangaloreB ChennaiC Hyderabad-Right
AnswerD MumbaiQuestion 2LIC started charging around 3% service tax
on its policies from which date, as a result of which its policies
became costlier?A 1 Jan 2014B 1 Oct 2013-RightC 31 March 2014D 1
April 2014Question 3The recommendations of which committee paved
the way for establishment of IRDA as the regulator for Indian
insurance sector?A Goiporia CommitteeB Jalan CommitteeC Malhotra
Committee-RightD Vaghul CommitteeQuestion 4The newest policy
launched by LIC (during September 2014) is -A Jeevan Shagun-RightB
Jeevan SurabhiC Jeevan AnandD Sundar JeevanQuestion 5On 1 September
2014, LIC celebrated its .. anniversary.A 60thB 59thC 58th-rightD
55thQuestion 6Which PSU general insurance company during June 2014
introduced "insurance on wheels" concept in the city of Kolkata for
faster renewal of policies?A National Insurance Company Ltd. RightB
New India AssuranceC Oriental Insurance Co. LimitedD United India
InsuranceQuestion 7During July 2014 the FDI limit in insurance
sector in India was raised from 26% to -A 49%- RightB 51%C 46%D
76%Question 8During December 2014, the insurance giant LIC stopped
selling 34 policies, including popular policies like Jeevan Anand,
Jeevan Madhur and Jeevan Saral. What was the main reason for this
decision of LIC?A To comply with new regulatory guidelines of IRDA.
RightB Non profitability of these policiesC Huge and un-manageable
number of customers of these policiesD Huge loss incurred on
account of these policiesQuestion 9Indias first all-women bank
Bharatiya Mahila Bank (BMB) during February 2014 tied up with which
public-sector general insurance company for launching 3 health
insurance products for women account holders of the bank?A Oriental
Insurance Co. LimitedB United India Insurance Co.C New India
Assurance. Right.D National Insurance Company Ltd.Question 10Usha
Sangwan, who created history by becoming the first woman Managing
Director of a PSU insurance company, is associated with -A National
Insurance Company Ltd.B United India Insurance Co.C Oriental
Insurance Co. LimitedD Life Insurance Corporation.RightOnce you are
finished, click the button below. Any items you have not completed
will be marked incorrect.Get Results11. When did insurance begin in
Babylon?a) 1750 BC. Right.b) 1907 BCc) 1971 BCd) 2000 BC12. Which
one of the following does not belong to the main products of life
insurance?a) Endowmentb) Personal accident insurance. Right.c)
Termd) Whole life13. Which one of the following does not belong to
the major general insurance private sector companies in India?a)
Bajaj Allianz General Insuranceb) Reliance General Insurancec)
Royal Sundaram Alliance Insuranced) The Oriental Insurace Company.
Right.14. When was the Insurance Regulatory and Development
Authority constituted?a) 1938b) 1971c) 1993d) 1999. right.15. When
was the General Insurance Corporation of India incorporated?a)
1971b) 1972. right.c) 1973d) 199316.Headquarter of General
Insurances Public Sector Association of India is situated?A. Delhi.
right.B. MumbaiC. KolkataE. None Of These.17.Expand the term FSDC
which is used in financial sectors?A. Financial Security and
Development CouncilB. Financial Stability and Development
Council.rightC. Fiscal Security and Development CouncilD. Fiscal
Stability and Development Council18. IFRS Stands for?A. Indian
Financial Reporting StandardsB. Indian Financial Reporting SystemC.
International Financial Reporting Standards. RightD. International
Financial Reporting System19. Which of the following term is not
used in insurance sector?A. IndemnityB. CoverageC. Misuse
Alert.RightD. Casualty20. Which of the following Public Sector
companies provides insurance cover to exporters?A. ECGC. Right.B.
NABARDC. SIDBID. IRDA
