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.
- Which among the following is not considered as a national debt?
A) Life Insurance Policies
B) Long term Government Bonds
C) National Savings Certificates
D) Provident Funds
- Identify the wrong option with respect to the joint venture between Indian and foreign companies in insurance sector
A) ICICI Bank – Prudential Life Insurance
B) HDFC – MetLife India Insurance
C) Bajaj – Allianz Life Insurance
D) Bharti – AXA Life Insurance
- Which Indian leader is behind the foundation of the Employment State Insurance (ESI) Act?
A) Rajiv Gandhi
B) Vallabhbhai Patel
C) Swami Vivekananda
D) Dr.B R Ambedkar
- How many state owned general insurance companies are there in India?
A) 6
B) 3
C) 4
D) 2
- In insurance, ___________ determines the size of a company’s capital relative to all risks it has taken
A) Solvency Ratio
B) Profit Margin
C) Quick Margin
D) Current Ratio
- ZestMoney has collaborated with which insurance company to launch first ever insurance against EMI for its customers?
A) ICICI Lombard
B) Digit Insurance
C) SBI General Insurance
D) Bharti AXA General Insurance
- Who is the Secretary General of the General Insurance Council?
A) R Chandrasekaran
B) Varun Dua
C) Mayank Bathwal
D) T.L. Alamelu
- All insurance companies are required to maintain a solvency ratio of ___________ percent at all times
A) 50%
B) 100%
C) 200%
D) 150%
- The insurance tool MyPQ has been launched by which company?
A) Aditya Birla Sun Life Insurance
B) Aviva Life Insurance Company
C) Max Life Insurance Company
D) PNB MetLife India Insurance
- The total rate of contribution towards the Employees’ State Insurance scheme has been reduced to 4% from the earlier 6.5%. This new rate will be effective from _____________
A) September 1
B) July 1
C) December 1
D) August 1