General Insurance

M

Mr. Dubey • 51.17K Points
Coach

Q 1. Under the Prime Minister’s Crop Insurance Scheme, farmers will have to pay a uniform premium of                 percent for Kharif crops?

(A) 0.015
(B) 0.01
(C) 0.05
(D) 0.02
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M

Mr. Dubey • 51.17K Points
Coach

Q 2. What is the duration of time provided by RBI to LIC to reduce its stake in IDBI Bank by 10 percent?

(A) 12 years
(B) 10 years
(C) 5 years
(D) 8 years
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M

Mr. Dubey • 51.17K Points
Coach

Q 3. Which Section of the Insurance Act 1938, allows the life insurers to call a policy into question, within the initial 3 years, on the ground of misrepresentation or fraud?

(A) Section 27
(B) Section 32
(C) Section 45
(D) Section 12
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Mr. Dubey • 51.17K Points
Coach

Q 4. The banks can withdraw from DICGC coverage after a period of                       

(A) One year
(B) Two years
(C) Five years
(D) Cannot Withdraw
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M

Mr. Dubey • 51.17K Points
Coach

Q 5. Which of the given insurance covers are compulsory by law in India?

(A) Motor Vehicle Insurance
(B) DICGC Insurance
(C) Employees’ State Insurance
(D) All
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Mr. Dubey • 51.17K Points
Coach

Q 6. The first general insurance company was set up in which city of India?

(A) Delhi
(B) Madras
(C) Bombay
(D) Calcutta
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M

Mr. Dubey • 51.17K Points
Coach

Q 7. The insurance law in India has its origin from which country?

(A) France
(B) United Kingdom
(C) United States
(D) Russia
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M

Mr. Dubey • 51.17K Points
Coach

Q 8. Which among the following was the first life insurance company in India to cater to the needs of Indians?

(A) Indian Mercantile Insurance Company Ltd
(B) Madras Equitable Life Insurance Society
(C) Bombay Mutual Life Assurance Society
(D) Oriental Life Insurance Company
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Mr. Dubey • 51.17K Points
Coach

Q 9. The first ever life insurance industry in India was set up in which city?

(A) Bombay
(B) Delhi
(C) Madras
(D) Calcutta
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M

Mr. Dubey • 51.17K Points
Coach

Q 10. Name the committee that recommended the entry of the private sector in the insurance business and also foreign companies be allowed entry by forming joint venture with Indian companies

(A) Malhotra Committee
(B) Gupte Committee
(C) Amphora Committee
(D) Banarji Committee
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