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 .
What is the minimum paid up capital required for a General Insurance Company to commence its operations in India ?
A)
100 Crore
B)
200 Crore
C)
300 Crore
D)
400 Crore

Correct Answer :   100 Crore

Insurance companies are required to have a minimum paid-up equity capital of 1 billion rupees, whereas a minimum paid-up capital of 2 billion rupees has been prescribed for reinsurance companies.

Published On : June 1, 2021
2 .
“Sampann Bharath ki pehchan,Beemith Phasal Khusal Kisan”is the tagline of which insurance company?
A)
Agricultural Insurance
B)
National Insurance
C)
New India Assurance
D)
LIC

Correct Answer :   Agricultural Insurance

Agriculture Insurance Company of India Limited is head quartered in New Delhi.It offers yield-based and weather-based crop insurance programs in almost 500 districts of India.

Published On : June 1, 2021
3 .
“We know Healthcare” is the tagline of____
A)
LIC
B)
UIICL
C)
Oriental Insurance
D)
Apollo Munich

Correct Answer :   Apollo Munich

Apollo Munich Insurance is a joint venture between Apollo Hospitals Group and Munich Health, a world leader in the field of health insurance. Apollo Munich Health Insurance offers health insurance and other products.

Published On : June 1, 2021
4 .
The headquarters of New India Assurance is located in_____
A)
Pune
B)
Mumbai
C)
Chennai
D)
Hyderabad

Correct Answer :   Mumbai

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 1, 2021
5 .
Which government body regulates Insurance Industry?
A)
FICCI
B)
CII
C)
IRDAI
D)
NFCG

Correct Answer :   IRDAI

Insurance Regulatory and Development Authority of India (IRDAI) is an autonomous apex statutory body which regulates and develops the insurance industry in India. It was constituted by a Parliament of India act called Insurance Regulatory and Development Authority Act, 1999. In 2014, IRDA has been renamed as “Insurance Regulatory and Development Authority of India”.

Published On : June 1, 2021
6 .
The main feature of the National Agricultural Insurance Scheme is to insure which of the following?
A)
Animals who are used in agricultural activities
B)
Crop of the farmer
C)
Life of the farmer
D)
Land of the farmer

Correct Answer :   Crop of the farmer

Published On : June 1, 2021
7 .
In which year IRDA was constituted?
A)
19 April, 2000
B)
19 April, 2001
C)
19 April, 2002
D)
19 April, 2003

Correct Answer :   19 April, 2000

Published On : June 1, 2021
8 .
Which of the following is not a part of India's Money Market?
A)
Banks
B)
Bill Markets
C)
Call Money Market
D)
Indian Gold Council

Correct Answer :   Indian Gold Council

The Money market in India is the money market for short-term and long-term funds with maturity ranging from overnight to one year in India including financial instruments that are deemed to be close substitutes of money.

Published On : June 1, 2021
9 .
What is TPA?
A)
The Party Accelerators
B)
Third Party Administrators
C)
Third Power Administrators
D)
The Power Administrators

Correct Answer :   Third Party Administrators

Third Party Administrators or TPAs are a vital link between health insurance companies, policyholders and health care providers

Published On : June 1, 2021
10 .
The New India Assurance Company was established in 1919 by
A)
Jamunalal BajaJ
B)
G. D. Birla
C)
Dorab Tata
D)
Kamlapat Singhania

Correct Answer :   Dorab Tata

NEW INDIA ASSURANCE CO. LTD, founded by Sir Dorabji Tata in 1919, a Multinational General Insurance Company, today operates in 28 countries and headquartered at Mumbai, India.

Published On : June 1, 2021
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