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 following terms is not used in the world of finance, banking and insurance?
A)
Hard currency
B)
Devaluation
C)
Amnesty
D)
Preference share

Correct Answer :   Amnesty

Published On : June 2, 2021
2 .
Which of the following is not a state-owned non-life insurance companies in India?
A)
IndiaFirst Life Insurance Company Limited
B)
National Insurance Company Limited
C)
Oriental Insurance Company Limited
D)
New India Assurance Company Limited

Correct Answer :   IndiaFirst Life Insurance Company Limited

There are 5 state-owned non-life insurance companies in India: Oriental Insurance Company, National Insurance Company, New India Assurance, United India Insurance and national reinsurer General Insurance Corporation of India, or GIC Re

Published On : June 2, 2021
3 .
No Claim Bonus refers to
A)
A document used by a company’s accounts payable department containing the supporting documents for an invoice
B)
A negotiable instrument that contains an unconditional order to the bank to pay a certain sum mentioned in the instrument
C)
A discount that is offered to policyholders for every non claim year of a health or a motor insurance company
D)
A valuation method used to estimate the value of an investment based on its expected future cash flows

Correct Answer :   A discount that is offered to policyholders for every non claim year of a health or a motor insurance company

No Claim Bonus refers to a discount that is offered to policyholders for every non claim year of a health or a motor insurance company.

Published On : June 2, 2021
4 .
The main purpose of having Life insurance is
A)
As a medium for getting income tax benefits from savings
B)
As a governmental programme for reducing poverty
C)
As an avenue for short-term investment
D)
None of the above

Correct Answer :   None of the above

The major purpose of life insurance is protection — the instant estate to meet survivor needs. ... However, earnings in a life insurance policy that are part of the proceeds paid to a beneficiary after the death of the insured are not subject to income tax at all.

Published On : June 2, 2021
5 .
“Zimmedari ka humsafar” is the tagline of which insurance company?
A)
National Insurance
B)
ICICI Prudential Life
C)
SBI Life
D)
ECGC

Correct Answer :   ICICI Prudential Life

ICICI Prudential Life Insurance Company is one of the leading life insurance players in India which has assets held over Rs. 100,000 crore. The company is a joint venture between ICICI Bank and Prudential plc, a leading international financial services group headquartered in the United Kingdom.

Published On : June 2, 2021
6 .
“Leadership and Beyond” is the tagline of which insurance company?
A)
LIC
B)
UIICL
C)
Oriental Insurance
D)
New India Assurance

Correct Answer :   New India Assurance

Mumbai based General Insurance Provider, New India Assurance is the largest general insurance company of India on the basis of gross premium collection inclusive of foreign operations.It was founded by Sir Dorabji Tata in 1919, and was nationalised in 1973.

Published On : June 2, 2021
7 .
The headquarters of Oriental Insurance Company is located in____
A)
New-Delhi
B)
Hyderabad
C)
Mumbai
D)
Pune

Correct Answer :   New-Delhi

Oriental Insurance Company Ltd. is one of the public sector non-life insurance company in India. The headquarters of the company is located in New Delhi with 30 regional offices and more than 1800 active branches across the country.

Published On : June 2, 2021
8 .
_______is the sole reinsurance company in the Indian Insurance market with over four decades of experience.
A)
NICL
B)
LIC
C)
GIC Re
D)
Oriental Insurance

Correct Answer :   GIC Re

GIC Re is a wholly owned company of Government of India.As a sole re-insurer in the domestic reinsurance market, GIC Re provides reinsurance to the direct general insurance companies in the Indian market.As of 2012 GIC Re ranked 14th largest Re insurer and 5th largest Aviation Re insurer in the world

Published On : June 2, 2021
9 .
The insurance companies collect a fixed amount from its customers at a fixed interval of time. What it is called?
A)
Contribution
B)
Premium
C)
EMI
D)
Installment

Correct Answer :   Installment

Published On : June 2, 2021
10 .
Which of the following Public Sector companies provides insurance cover to exporters?
A)
NABARD
B)
ECGC
C)
SIDBI
D)
IRDA

Correct Answer :   ECGC

Published On : June 2, 2021
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