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Insurance and Finance - General Knowledge Questions
1 .
With which of the following did the State Bank of India enter into a joint venture agreement for undertaking general insurance business?
A)
Allianz
B)
Insurance Australia Group
C)
New India Assurance Ltd.
D)
Lehman Brothers Holdings Inc.

Correct Answer : Option (B) - Insurance Australia Group

2 .
Which of the following insurance companies gives the slogan Prithvi, Agni, Jal, Akash - Sab ki Surakhsa Hamare Paas?
A)
Life Insurance Corporation
B)
General Insurance Company
C)
New India Assurance
D)
Oriental Insurance Company

Correct Answer : Option (D) - Oriental Insurance Company

3 .
The India Post Payment Bank has recently tied up with which Insurance company to offer life insurance in rural areas? (September 2018)
A)
Bajaj Allianz
B)
PNB Metlife
C)
PNB Metlife
D)
AEGON

Correct Answer : Option (A) - Bajaj Allianz

4 .
Which amongst the following is not an insurance company functioning in India?
A)
New India Assurance company
B)
National Securities Depository Limited
C)
ICICI prudential
D)
ING Vysya

Correct Answer : Option (B) - National Securities Depository Limited

5 .
The punch line of the advertisement of which of the following organisation is "Jindagi ke sath bhi Jindagi ke bad bhi"?
A)
New India Assurance
B)
ICICI Prudential
C)
Life Insurance Corporation of India
D)
General Insurance Corporation

Correct Answer : Option (C) - Life Insurance Corporation of India

6 .
Life Insurance Corporation of India (LIC) was set up under which of the following acts?
A)
Life Insurance Corporation Act, 1956
B)
The Insurance Act, 1938
C)
Indian Insurance Companies Act , 1928
D)
Life Insurance Companies Act, 1912

Correct Answer : Option (A) - Life Insurance Corporation Act, 1956

The LIC of India was set up under the LIC Act, 1956 under which the life insurance was nationalised. As a result, business of 243 insurance companies was taken over by LIC on 1-9- 1956.

7 .
Which Insurance company has been recognized amongst the Top 75 Most Valuable Indian
A)
ICICI Prudential Life
B)
Tata AIA Life
C)
Bharti AXA Life
D)
Bajaj Allianz Life

Correct Answer : Option (D) - Bajaj Allianz Life

Bajaj Allianz Life has been recognised amongst the Top 75 Most Valuable Indian Brands 2020, as per BrandZ report released by Kantar.

8 .
“A contract that pledges payment of an agreed upon amount to the person (or his/her nominee) on the happening of an event covered against” is technically known as
A)
Life insurance
B)
Death coverage
C)
Insurance Premium
D)
Provident fund

Correct Answer : Option (A) - Life insurance

9 .
When was the Indian Mercantile Insurance established?
A)
1906
B)
1907
C)
1908
D)
1909

Correct Answer : Option (B) - 1907

The first company to transact all classes of general insurance business was the Indian Mercantile Insurance.

10 .
When was Life Insurance sector nationalized?
A)
1947
B)
1951
C)
1956
D)
1959

Correct Answer : Option (C) - 1956