Q. How many companies were merged to form the United India Insurance Company (UIIC)?
✅ Correct Answer: (C)
22
General Insurance MCQs and Notes
Q. The General Insurance Corporation of India (GIC) was converted into a national re-insurer in which year?
✅ Correct Answer: (B)
2000
Q. The Insurance Regulatory and Development Authority (IRDA) Act was passed in which year?
✅ Correct Answer: (A)
1999
Q. The United India Insurance Company has its headquarter in which city?
✅ Correct Answer: (D)
Chennai
Q. The Oriental Insurance Company Ltd does not has its branch in which of the following countries?
✅ Correct Answer: (D)
France
Q. A person with expertise in measurement and management of risk and uncertainty in insurance business is known as
✅ Correct Answer: (A)
Actuary
Q. How many Insurance Ombudsman are functional in India?
✅ Correct Answer: (B)
17
Q. The Insurance Laws (Amendment) Bill, 2008 has amended which among the following acts?
✅ Correct Answer: (D)
iven All
Q. What should be the minimum paid up capital of an entity to start re-insurance business in India?
✅ Correct Answer: (A)
Rs 200 crore
Q. The Oriental Insurance Company Ltd was founded in which year?
✅ Correct Answer: (D)
1947