Q. How many public sector life insurance companies are functional in India?
✅ Correct Answer: (A)
1
General Insurance MCQs and Notes
Q. What does U stands for in ULIP with respect to insurance sector?
✅ Correct Answer: (B)
Unit
Q. How many insurance companies were merged to form the Life Insurance Corporation of India?
✅ Correct Answer: (C)
245
Q. Which of the following is a reinsurance company in India?
✅ Correct Answer: (B)
General Insurance Corporation of India
Q. Who is the Chairman of the IRDAI?
✅ Correct Answer: (D)
Subhash C. Khuntia
Q. The board of IRDAI consists of how many members?
✅ Correct Answer: (A)
10
Q. Which section of Insurance Act, 1938 grants power to IRDA to frame regulations?
✅ Correct Answer: (A)
Section 114A
Q. What is the FDI limit in the Insurance sector?
✅ Correct Answer: (B)
0.49
Q. The IRDA was incorporated as a statutory body on ?
✅ Correct Answer: (D)
2000-04-19 00:00:00
Q. IRDA Act was passed in which year by the Government of India?
✅ Correct Answer: (D)
1999