Insurance Awareness Quiz for LIC AAO- Set 10 (Public Sector Insurance Companies)

Insurance Awareness Quiz: We have created quiz questions on Insurance Awareness which are most important for insurance exams. These questions and answers will guide you in all insurance exams like LIC (AAO/ADO), NIACL assistant and AO, UIIC, IRDA and other Bank PO exams and all competitive exams. So attempt these multiple choice questions now based on the exam pattern syllabus.

1. The United India Insurance Company (UIIC) Limited was incorporated on ____________
   A) 31 December 1919
   B) 25 January 1946
   C) 18 February 1938
   D) 09 March 1952
   
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   Option C
   
2. UIIC was nationalised in which year?
   A) 1956
   B) 1972
   C) 1999
   D) 2000
   
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   Option B
   
3. How many companies were merged with the United India Insurance Company Limited with nationalization?
   A) 20
   B) 14
   C) 19
   D) 22
   
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   Option D
   Explanation: 12 Indian Insurance Companies, 4 Cooperative Insurance Societies and Indian operations of 5 Foreign Insurers, besides General Insurance operations of southern region of Life Insurance Corporation of India were merged with United India Insurance Company Limited.
4. What is the authorized capital of the United India Insurance Company Limited?
   A) Rs 200 crore
   B) Rs 300 crore
   C) Rs 100 crore
   D) Rs 500 crore
   
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   Option A
   Explanation: The authorized capital and paid-up equity capital of the company is Rs.200 crore and Rs.150 crore respectively.
5. The headquarter of UIIC is in which city?
   A) Kolkata
   B) Mumbai
   C) Chennai
   D) Hyderabad
   
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   Option C
   
6. Name the Chairman cum Managing Director of UIIC?
   A) Susmita Mukherjee
   B) Girish Radhakrishnan
   C) S. Gopakumar
   D) B Rajaram
   
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   Option B
   
7. The Oriental Insurance Company Limited was incorporated in which year?
   A) 15 July 1938
   B) 30 April 1942
   C) 21 January 1954
   D) 12 September 1947
   
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   Option D
   
8. Where is the headquarter of The Oriental Insurance Company Ltd located?
   A) New Delhi
   B) Mumbai
   C) Chennai
   D) Kolkata
   
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   Option A
   
9. Name the Chairman-cum-Managing Director of The Oriental Insurance Company Ltd
   A) Dinesh Waghela
   B) A. V. Girija Kumar
   C) Soumya Mukherjee
   D) K.N Nayak
   
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   Option B
   
10. What is the authorized capital of The Oriental Insurance Company Ltd?
    A) Rs 150 crore
    B) Rs 500 crore
    C) Rs 200 crore
    D) Rs 250 crore
    
    View answer

    Option C
    Explanation: The authorized capital and paid-up equity capital of the company is Rs.200 crore

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