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General Knowledge(GK) (or) General Awareness

Welcome to the General Knowledge Section of Free Time Learning. As we are aware General Knowledge (GK) is a very important area in all the competitive exams held in the country. Nowadays, a good knowledge of general awareness is very important in clearing any competitive and government recruitment examinations.

These General Knowledge Question are very important and usefull to UPSC, IAS/PCS, UPPSC, IBPS, SBI, RBI, SSC, CGL, Railway, APPSC, TSPSC, KPSC, TNPSC, TPSC, UPPSC, MPSC, RPSC, BPSC, MPPSC, UKPSC, MPSC, and other competitive exams.

1 .
Which of the term is the used when a policy has lapsed due to non-payment of premium?
A)
Policy not in force
B)
Policy Unforced
C)
Policy Backed
D)
Policy in variance

Correct Answer :   Policy not in force

Published On : June 2, 2021
2 .
Where is the headquarters of Magma HDI General Insurance Company Limited located?
A)
Gurgaon
B)
Lucknow
C)
New Delhi
D)
Kolkata

Correct Answer :   Kolkata

Kolkata, West Bengal

Published On : June 2, 2021
3 .
Where is the headquarters of Religare Health Insurance Company Limited located?
A)
Chennai
B)
Mumbai
C)
Gurgaon
D)
New Delhi

Correct Answer :   Gurgaon

Gurgaon, Haryana.

Published On : June 2, 2021
4 .
Where is the headquarters of Apollo Munich Health Insurance Company Limited located?
A)
Gurgaon
B)
Chennai
C)
Lucknow
D)
New Delhi

Correct Answer :   Gurgaon

Gurgaon, Haryana.

Published On : June 2, 2021
5 .
Where is the headquarters of Star Health and Allied Insurance Company Limited located?
A)
Hyderabad
B)
Chennai
C)
New Delhi
D)
Mumbai

Correct Answer :   Chennai

Chennai, Tamil Nadu

Published On : June 2, 2021
6 .
Where is National School of Insurance Education & Research located?
A)
Mumbai
B)
Jaipur
C)
Bengaluru
D)
Hyderabad

Correct Answer :   Bengaluru

Published On : June 2, 2021
7 .
______is the ratio of the number of life insurance policy that lapsed within a given period to the number of policy in Force at the beginning of that period.
A)
Paid up ratio
B)
Annuity ratio
C)
Force ratio
D)
Lapse ratio

Correct Answer :   Lapse ratio

Published On : June 2, 2021
8 .
An environment where insurance is plentiful and sold at a lower cost, also known as a Buyers market is called
A)
Hard Market
B)
Soft Market
C)
Alternative Market
D)
None of the Above

Correct Answer :   Soft Market

A period of time during which insurance companies assess low premiums and therefore achieve relatively low profits.

Published On : June 2, 2021
9 .
_____are assumptions about rates of investment earnings, mortality, turnover and distribution or actual ages at which employees are likely to retire.
A)
Actuarial Cost Assumptions
B)
Acts of God
C)
Combined Ratio
D)
Actual Loss Ratio

Correct Answer :   Actuarial Cost Assumptions

Published On : June 2, 2021
10 .
The payment of sum assured to the insured person which has become due by instalments under a money back policy is known as____
A)
Surrender Value
B)
Survival Benefit
C)
Paid-up value
D)
Paid-up value

Correct Answer :   Survival Benefit

Survival benefits are benefit given to the policy holder during or upon completion of the policy tenure.

Published On : June 2, 2021