Insurance MCQs | Insurance Multiple Choice Questions and Answers
Questions
1
Which of the following types of companies/organisations issue ULIP?
Answer: Insurance companies
2
Which of the following is the only public sector company in the field of life insurance?
Answer: Life Insurance Corporation of India
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3
Which of the following is the regulator of insurance sector in India?
Answer: IRDA
4
Which of the following terms is NOT related to the insurance sector?
Answer: Misuse Alert
5
Which of the following insurance companies gives the slogan Prithvi, Agni, Jal, Akash - Sab ki Surakhsa Hamare Paas?
Answer: Oriental Insurance Company
7
What does the term FSDC, used in financial sectors stand for?
Answer: Financial Stability and Development Council
8
On which one of the following issues can SEBI penalize any company in India?
1. Violation of Banking Regulation Act
2. Violation of foreign portfolio investment guidelines
3. For violation of Negotiable Instrument Act
Answer: Only 2
9
Expand the term CCEA as used in administrative circles
Answer: Cabinet Committee on Economic Affairs
10
Foreign exchange reserves of India are kept in the custody of which of the following?
Answer: Reserve bank of India
11
Which of the following was the parent company of New India Assurance ?
Answer: GIC
12
In Insurance policies we always find a date which is “Date of Maturity”. What does it mean?
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?
Answer: Amnesty
14
The Non Government organizations(NGO) helps the insurance industry mainly in
Answer: Linking buyers and sellers
15
A missing person is considered to be dead after how many years of missing ?
Answer: 7years
16
Which Insurance Company started its operation in the year in which India got Independence?
Answer: OICL
17
The punch line of the advertisement of which of the following organization is “Jindagi ke sath bhi Jindagi ke bad bhi” ?
Answer: Life Insurance Corporation Of India
18
If an organization wishes to venture into Insurance Business it has to obtain a licence first from which of the following ?
Answer: Insurance Regulatory and Development Authority of India (IRDAI)
19
Which of the following was the parent company of New India Assurance ?
Answer: GIC
20
The New India Assurance Company was established in 1919 by
Answer: Dorab Tata
