Latest Insurance and Finance General Knowledge(GK) Questions and answers

1 .

The punch line of the advertisement of which of the following organization is â€œJindagi ke sath bhi Jindagi ke bad bhiâ€?

A)

ICICI Prudential

B)

New India Assurance

C)

General Insurance Corporation

D)

Life Insurance Corporation Of India

Correct Answer : Life Insurance Corporation Of India

2 .

What is the present limit of FDI allowed in the insurance sector?

A)

50%

B)

62%

C)

74%

D)

100%

Correct Answer : 74%

3 .

The insurance sector was liberalized in which year?

A)

1998

B)

2000

C)

2001

D)

2003

Correct Answer : 2000

4 .

Which of the following is not in the State list under the Constitution of India?

A)

Insurance

B)

Agriculture

C)

Fisheries

D)

Gambling

Correct Answer : Insurance

5 .

In which year IRDA Act was passed?

A)

1888

B)

1970

C)

1999

D)

2004

Correct Answer : 1999

It was constituted by the Insurance Regulatory and Development Authority Act, 1999, an Act of Parliament passed by the Government of India.

6 .

_____is the amount the policy holder will get from the insurance company if he exits the policy before maturity.

A)

Annuity Value

B)

Paid up value

C)

Lapse Value

D)

Surrendered value

Correct Answer : Surrendered value

Surrender value is the amount the policy holder will get from the insurance company if he exits the policy before maturity, but after payment of premium for full 3 years. So if a person has payed premium for 3 years, he can opt out of the policy and get the money proportionally (it will obviously be less than that he would have got at maturity)

7 .

Where is the headquarters of Aditya Birla Health Insurance Co. Limited located?

A)

Mumbai

B)

Bengaluru

C)

Gurgaon

D)

New Delhi

Correct Answer : Mumbai

8 .

Where is the headquarters of Raheja QBE General Insurance Company Limited located?

A)

Chennai

B)

Mumbai

C)

Gurgaon

D)

Bengaluru

Correct Answer : Mumbai

9 .

Where is the headquarters of Tata AIG General Insurance Co. Ltd. located?

A)

Gurgaon

B)

Lucknow

C)

New Delhi

D)

Mumbai

Correct Answer : Mumbai

10 .

Where is Institute Of Insurance and Risk Management located?

A)

Jaipur

B)

Pune

C)

Hyderabad

D)

Mumbai

Correct Answer : Hyderabad

IIRM is the only dedicated Institution for education in Insurance and Actuarial Science in the World. It is unique in character as the Institute is promoted by the Regulator with the sole aim of developing the required work force for the entire Insurance sector.