Insurance Awareness Quiz for LIC AAO- Set 25

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 Employees State Insurance Act came into force in which year?
   A) 1956
   B) 1932
   C) 1948
   D) 1974
   
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   Option C
   
2. What is the full form of ESIC?
   A) Employers’ State Insurance Corporation
   B) Employment State Insurance Corporation
   C) Employees’ State Insurance Corporation
   D) External State Insurance Corporation
   
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   Option C
   Explanation: Employees’ State Insurance Corporation (ESIC)
3. ESIC is an autonomous body under which ministry?
   A) Ministry of Corporate Affairs
   B) Ministry of Labour and Employment
   C) Ministry of Finance
   D) Ministry of Health and Family Welfare
   
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   Option B
   Explanation: ESIC is an autonomous corporation by a statutory creation under Ministry of Labour and Employment, Government of India
4. What is the current rate of contribution of employers and employees under ESIC respectively?
   A) 4% and 1%
   B) 3% and 1%
   C) 4% and 2%
   D) 3%  and 2%
   
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   Option A
   
5. The headquarter of ESIC is located at___________
   A) Hyderabad
   B) Kolkata
   C) Mumbai
   D) New Delhi
   
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   Option D
   
6. Who is the Director General of ESIC?
   A) Sandhya Shukla
   B) Raj Kumar
   C) R.K. Kataria
   D) Garima Bhagat
   
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   Option B
   
7. ESIC was founded in which year?
   A) 1952
   B) 1948
   C) 1932
   D) 1944
   
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   Option A
   Explanation: 24 February 1952
8. Any establishment employing  __________ or more employees are eligible for ESI scheme
   A) 25
   B) 15
   C) 10
   D) 30
   
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   Option C
   
9. Employees who have a maximum salary of Rs. ___________ has to mandatorily register itself with the ESIC
   A) Rs 25,000
   B) Rs 10, 000
   C) Rs 20,000
   D) Rs 15,000
   
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   Option D
   
10. Employees whose salary is less than _______ per day are exempted to make contribution in ESIC
    A) Rs 150
    B) Rs 100
    C) Rs 200
    D) Rs 250
    
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    Option B
    Explanation: The only exemption to the employee in paying his contribution is whose salary is less than Rs. 100/- per day.

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