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Insurance and Finance - General Knowledge Questions
1 .
Coverage for bodily injury and property damage incurred through ownership or operation of a vehicle is called
A)
Automobile Liability Insurance
B)
Commercial Insurance
C)
Industrial Insurance
D)
Personal Insurance

Correct Answer :   Automobile Liability Insurance

Automobile Liability Insurance covers injuries or damages to third parties and their property, not to the driver or the driver’s property.

2 .
______is the insurance of human life values against the risks of death, injury, illness or against expenses incidental to the latter.
A)
Liability Insurance
B)
Personal Insurance
C)
Industrial Insurance
D)
Commercial Insurance

Correct Answer :   Personal Insurance

Insurance purchased for personal or family protection purposes is known as Personal Insurance

3 .
“THODA SIMPLE SOCHO” is the tagline of which insurance company?
A)
Oriental Insurance
B)
LIC
C)
New India Assurance
D)
National Insurance

Correct Answer :   National Insurance

4 .
The headquarters of Export Credit Guarantee Corporation of India is located in
A)
Mumbai
B)
New-Delhi
C)
Hyderabad
D)
Pune

Correct Answer :   Mumbai

ECGC Limited is a company wholly owned by the Government of India based in Mumbai. It provides export credit insurance support to Indian exporters and is controlled by the Ministry of Commerce.

5 .
The written insurance contract that may include all clauses, riders and endorsements. It is called?
A)
Premium
B)
Installment
C)
Policy
D)
Assets

Correct Answer :   Policy

6 .
What is the maximum Time in which the insurer should settle a claim when all documents are submitted
A)
5 days
B)
10 days
C)
20 days
D)
30 days

Correct Answer :   30 days

7 .
In Insurance policies we always find a date which is “Date of Maturity”. What does it mean?
A)
This is the date on which the policy was sold to the customer/person insured
B)
This is the date on which the contract between the person and insurance company will come to an end
C)
This is the date on which the policy holder will have to submit his/her claim seeking the amount of the policy. Otherwise the company will not make any payment to him/her
D)
None of the above

Correct Answer :   This is the date on which the contract between the person and insurance company will come to an end

8 .
Under the Sampoorna Gram Bima Yojana, what is the minimum number of households to be covered in one village?
A)
50
B)
70
C)
100
D)
120

Correct Answer :   100

SBG Yojana identifies at least one village (with a minimum of 100 households) in each of the revenue districts of the country and intends to cover all the households with a minimum of one Rural Postal Life Insurance (RPLI) in that village.

9 .
State financial Corporations give assistance mainly to develop which of the following?
A)
Small and medium scale industries
B)
Large scale industries
C)
Agricultural sector
D)
Cotton industry

Correct Answer :   Small and medium scale industries

10 .
Bonds issued by Indian entities outside India but denominated in Indian rupees are known as
A)
Desi Bonds
B)
Masala Bonds
C)
NRI Bonds
D)
Pravasi Bonds

Correct Answer :   Masala Bonds