HTML
   HTML5
   CSS
   CSS3
   JavaScript
   jQuery
   AngularJS
   Articles
   Tech Articles
   Blog
Google News
logo
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 .
A clause that allows the transfer of rights under a policy from one person to another, usually by means of a written document is called____
A)
Arbitration
B)
Appraisal
C)
Automatic Treaty
D)
Assignment

Correct Answer :   Assignment

Assignment is the means by which a life insurance policy holder can transfer rights of the policy to the assignee, in accordance with some terms and conditions.

Published On : June 2, 2021
2 .
An agreement between an insurance company and an agent, granting the agent authority to write insurance from that company is called
A)
Aleatory contract
B)
Affirmative Warranty
C)
All-Risk Agreement
D)
Aggregate Limits

Correct Answer :   Affirmative Warranty

An affirmative warranty is a statement regarding a fact at the time the contract was made.

Published On : June 2, 2021
3 .
_____is the age at which the receipt of pension starts in an insurance-cum-pension plan.
A)
Surrender age
B)
Starting age
C)
Maturity age
D)
Vesting age

Correct Answer :   Vesting age

The age at which you start receiving pension in an insurance-cum-pension plan is known as vesting age.

Published On : June 2, 2021
4 .
An individual receiving benefits under an annuity is called_____
A)
Annuitant
B)
Insurer
C)
Nominee or Beneficiary
D)
Insured or Policyholder

Correct Answer :   Annuitant

An annuitant is a person who receives the benefits of an annuity or pension.

Published On : June 2, 2021
5 .
Which of the following is an optional feature that can be added to a policy?
A)
Maturity Value
B)
Sum Assured
C)
Rider
D)
Annuity

Correct Answer :   Rider

A rider is a provision of an insurance policy that is purchased separately from the basic policy and that provides additional benefits at additional cost.

Published On : June 2, 2021
6 .
The person in whose name the insurance policy is made is referred to as
A)
Agent
B)
Insurer
C)
Nominee or Beneficiary
D)
Insured or Policyholder

Correct Answer :   Insured or Policyholder

A person or group in whose name an insurance policy is held is known as Insured or Policyholder.

Published On : June 2, 2021
7 .
_____is the period between the date of subscription to an insurance-cum-pension policy and the time at which the first instalment of pension is received.
A)
Depreciation
B)
Deferment
C)
Appreciation
D)
Recognition

Correct Answer :   Deferment

Period between the subscription date of an insurance-cum-pension policy and the time at which the first instalment of pension is received is called as deferment period.

Published On : June 2, 2021
8 .
The person who receives the proceeds or the benefits under the plan when the nominee is less than 18 years of age is called _____
A)
Service Provider
B)
Adjuster
C)
Appointee
D)
Aggregate

Correct Answer :   Appointee

Where the nominee is a minor, the policyholder is advised to appoint another elder person as an ‘Appointee’.

Published On : June 2, 2021
9 .
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.

Published On : June 2, 2021
10 .
______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

Published On : June 2, 2021