INSURANCE AWARENESS MCQ QUIZ-1

  

Insurance knowledge are useful for  National Insurance Co Ltd. , United India Insurance Co Ltd. , The Oriental Insurance Co. Ltd, The New India Assurance Co. Ltd. , LIC AAO , General Insurance , and other competitive Exams ....

 

1  . In which year IRDA was constituted?

A.      19 April, 2000

B.      19 April, 2001

C.      19 April, 2002

D.      19 April, 2003

2.       Headquarter of General Insurance’s Public Sector Association of India is situated?

A.      Delhi

B.      Mumbai

C.      Kolkata

E.       None Of These

3.       IRDA is associated with  ?

A.      Railways

B.      Insurance Sector

C.      Banking

D.      Tele Communication

4.       Which of the following term is not used in insurance sector?

A.      Indemnity

B.      Coverage

C.      Misuse Alert

D.      Casualty

5.       Which of the following Public Sector companies provides insurance cover to exporters?

A.      ECGC

B.      NABARD

C.      SIDBI

D.      IRDA

6.       The main feature of the National Agricultural Insurance Scheme is to insure which of the following?        
  
A.      Life of the farmer

B.      Crop of the farmer

C.      Animals who are used in agricultural activities

D.      Land of the farmer

7.       IFRS Stands for?

A.      Indian Financial Reporting Standards

B.      Indian Financial Reporting System

C.      International  Financial Reporting Standards

D.      International Financial Reporting System

8.       Expand the term FSDC which is used in financial sectors?

A.      Financial Security and Development Council

B.      Financial Stability and Development Council

C.      Fiscal Security and Development Council

D.      Fiscal Stability and Development Council

9.       The insurance companies collect a fixed amount from its customers at a fixed interval of time. What it is called?
A.      Installment

B.      Contribution

C.      Premium

D.      EMI

10.   Anmol Jeevan is a …..of the LIC. 

A.      Basic Life Insurance Plan

B.      Term Insurance Plan

C.      Children’s Plan

D.      Pension Plan 

ANSWERS :

1	2	3	4	5	6	7	8	9	10
A	A	B	C	A	B	C	B	A	B