Q. Under the Prime Minister’s Crop Insurance Scheme, farmers will have to pay a uniform premium of percent for Kharif crops?
✅ Correct Answer: (D)
0.02
General Insurance MCQs and Notes
Q. What is the duration of time provided by RBI to LIC to reduce its stake in IDBI Bank by 10 percent?
✅ Correct Answer: (A)
12 years
Q. 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?
✅ Correct Answer: (C)
Section 45
Q. The banks can withdraw from DICGC coverage after a period of
✅ Correct Answer: (D)
Cannot Withdraw
Q. Which of the given insurance covers are compulsory by law in India?
✅ Correct Answer: (D)
All
Q. The first general insurance company was set up in which city of India?
✅ Correct Answer: (D)
Calcutta
Q. The insurance law in India has its origin from which country?
✅ Correct Answer: (B)
United Kingdom
Q. Which among the following was the first life insurance company in India to cater to the needs of Indians?
✅ Correct Answer: (C)
Bombay Mutual Life Assurance Society
Q. The first ever life insurance industry in India was set up in which city?
✅ Correct Answer: (D)
Calcutta
Q. 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
✅ Correct Answer: (C)
Amphora Committee