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Insurance Quiz | Insurance Objective Type Questions and Answers

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(21) Which of the following is largest Non Life Insurance Company in India ?
[A] ICICI Lombard General Insurance Company Ltd.
[B] United India Insurance Company Ltd.
[C] General Insurance Company Ltd.
[D] New India Assurance Company Ltd.
Answer: New India Assurance Company Ltd.
(22) Which amongst the following is not an insurance company functioning in India?
[A] ICICI prudential
[B] ING Vysya
[C] National Securities Depository Limited
[D] New India Assurance company
Answer: National Securities Depository Limited

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(23) "A contract that pledges payment of an agreed upon amount to the person (or his/her nominee) on the happening of an event covered against" is technically known as
[A] Death coverage
[B] Life insurance
[C] Savings for future
[D] Provident fund
Answer: Life insurance
(24) With which of the following did the State Bank of India enter into a joint venture agreement for undertaking general insurance business?
[A] New India Assurance Ltd.
[B] Insurance Australia Group
[C] Lehman Brothers Holdings Inc.
[D] Allianz
Answer: Insurance Australia Group
(25) Which of the following public sector companies/organizations provides insurance cover to exporters?
[A] ECGC
[B] NABARD
[C] SIDBI
[D] IRDA
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
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
Answer: All the three
(28) Which of the following terms is used in the field of finance and banking?
[A] Elasticity
[B] Inflation
[C] Pulse rate
[D] All the three
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
Answer: International Financial Reporting Standards
(30) Under the ESOP, who of the following are offered shares in the company?
[A] Employees
[B] Existing Shareholders
[C] Promoters
[D] NRIs
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
Answer: Public revenue and expenditure
32 Which of the following is NOT a part of India’s money market?
[A] Bill market
[B] Call money market
[C] Banks
[D] Indian Gold council
Answer: Indian Gold council
33 Which of the following is the regulator of the credit rating agencies in India?
[A] RBI
[B] SBI
[C] SEBI
[D] None of these
Answer: SEBI
34 FDI refers to
[A] Fixed Deposits in India
[B] Foreign Direct Investment
[C] Foreign Deposits in India
[D] Future Derivative Investment
Answer: Foreign Direct Investment
35 Aviva plc is an multinational insurance company headquartered in –
[A] Munich
[B] Paris
[C] London
[D] Tokyo
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
Answer: Small and medium scale industries
37 Bonds issued by Indian entities outside India but denominated in Indian rupees are known as –
[A] Desi Bonds
[B] NRI Bonds
[C] Pravasi Bonds
[D] Masala Bonds
Answer: Masala Bonds
38 Yogakshemam Vahamyaham is the tag line of –
[A] HDFC Life Insurance
[B] SBI Life Insurance
[C] Bharti AXA Life Insurance
[D] Life Insurance Corporation
Answer: Life Insurance Corporation
39 Sar Utha ke Jiyo is the tag line of –
[A] HDFC Life Insurance
[B] Birla Sun Life Insurance
[C] Aviva Life Insurance
[D] Sahara India Life Insurance
Answer: HDFC Life Insurance
40 AXA is an insurance company headquartered in –
[A] London
[B] Tokyo
[C] New York
[D] Paris
Answer: Paris

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