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Free download in PDF Insurance Multiple Choice Questions with Answers for competitive exams. These short objective type questions with answers are very important for competitive exams like CAT, IBPS etc. as well as Board exams. These short solved questions or quizzes are provided by Gkseries.
61
Which of the following insurance companies gives the slogan Prithvi, Agni, Jal, Akash - Sab ki Surakhsa Hamare Paas?
[A]
Life Insurance Corporation
[B]
Oriental Insurance Company
[C]
New India Assurance
[D]
General Insurance Company
Answer: Oriental Insurance Company
62
Which of the following words/ terms is closely associated with the insurance business
[A]
Archives
[B]
Donation
[C]
Actuary
[D]
Quest
63
Which is a fixed amount for a covered service in the health sector?
[A]
Coinsurance
[B]
Deductible
[C]
Copay
[D]
Health Insurance
64
A deductible is usually mentioned in
[A]
Rupee
[B]
Dollar
[C]
Euro
[D]
Pound
65
In pursuance of which one of the following was the General Insurance Corporation of India was formed?
[A]
General Insurance Business (Nationalization) Act, 1972
[B]
Insurance Act, 1938
[C]
Insurance Amendment Act, 2002
[D]
None of these
Answer: General Insurance Business (Nationalization) Act, 1972
66
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
67
“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
68
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
69
Which of the following is the regulator of insurance sector in India?
[A]
RBI
[B]
AMFI
[C]
IRDA
[D]
SEBI
70
The New India Assurance Company was established in 1919 by
[A]
Dorab Tata
[B]
G. D. Birla
[C]
Jamunalal BajaJ
[D]
Kamlapat Singhania
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