Google News
logo
Insurance and Finance - General Knowledge Questions
A)
Personal Insurance
B)
Commercial Insurance
C)
Liability Insurance
D)
Industrial Insurance

Correct Answer : Option (D) - Industrial Insurance

It is used to cover any type of commercial property.

A)
Universal Health Insurance Solutions
B)
Universal Health Insurance Scheme
C)
Universal Health Insurance System
D)
Universal Health Insurance Scenario

Correct Answer : Option (B) - Universal Health Insurance Scheme

A)
Solicitation of Policy
B)
Insurance selling
C)
policy selling
D)
cross selling

Correct Answer : Option (A) - Solicitation of Policy

A)
Promotional activities
B)
Linking third party administrators
C)
Linking buyers and sellers
D)
Drafting new regulations

Correct Answer : Option (B) - Linking third party administrators

A)
United India Insurance Company
B)
National Insurance Company
C)
Bombay Mutual Life Assurance Society
D)
Oriental Life Insurance Company

Correct Answer : Option (C) - Bombay Mutual Life Assurance Society

A)
Government employees
B)
Semi-government employees
C)
Employees of listed companies
D)
All are covered

Correct Answer : Option (D) - All are covered

A)
Portfolio Management
B)
Investment Banking
C)
Portfolio Management
D)
Bancassurance

Correct Answer : Option (D) - Bancassurance

Bancassurance is a relationship between a bank and an insurance company that is aimed at offering insurance products or insurance benefits to the bank's customers. In this partnership, bank staff and tellers become the point of sale and point of contact for the customer.

A)
1912
B)
1924
C)
1950
D)
1989

Correct Answer : Option (A) - 1912

The Life Insurance Companies Act, 1912 made it necessary that the premium rate tables and periodical valuations of companies should be certified by an actuary.

A)
Mortality
B)
Premium
C)
Annuity
D)
Paid up

Correct Answer : Option (B) - Premium

Premium is the amount which the person who has bought the insurance policy (insured) pays to the person/company from which he has bought the insurance policy (insurer) so that the policy continues to pay the benefit.

A)
Jaipur
B)
Bengaluru
C)
Mumbai
D)
Pune

Correct Answer : Option (C) - Mumbai

Mumbai, Maharashtra