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 .
Where is the headquarters of the IRDA situated?
A)
Chandigarh
B)
Hyderabad
C)
Lucknow
D)
Mumbai

Correct Answer :   Hyderabad

Published On : June 1, 2021
2 .
Which of the following types of companies/organisations issue ULIP?
A)
NABARD
B)
Banks
C)
Insurance companies
D)
RBI

Correct Answer :   Insurance companies

Published On : June 1, 2021
3 .
The Life Insurance Corporation of India has how many Zonal offices in India?
A)
Eight
B)
Ten
C)
Fifteen
D)
None of the above

Correct Answer :   Eight

Published On : June 1, 2021
4 .
The central office of the Life Insurance Corporation of India (LIC) is located at
A)
Kolkata
B)
Mumbai
C)
New Delhi
D)
New Delhi

Correct Answer :   Mumbai

Published On : June 1, 2021
5 .
What is the total asset size of Life Insurance Corporation of India as of 2016?
A)
US$370 billion
B)
US$320 billion
C)
US$330 billion
D)
US$310 billion

Correct Answer :   US$310 billion

Life Insurance Corporation of India (LIC) has an asset size of Rs 2,009,119 crore (US$310 billion) as of 2016. Over 245 insurance companies and provident societies were merged to create the state owned Life Insurance Corporation in 1956

Published On : June 1, 2021
6 .
Which of the following companies acquired the business of ING Vysya Life Insurance?
A)
Exide Life Insurance Co. Ltd.
B)
ICICI Prudential Life Insurance Co. Ltd
C)
Future Generali India Life Insurance Co. Ltd.
D)
Aviva Life Insurance Company India Limited

Correct Answer :   Exide Life Insurance Co. Ltd.

Exide industries acquired 50% stakes of ING Vysya Life Insurance in 2005.
After ING exited from India in Jan 2013, Exide Industries acquired the remaining 50% of the equity capital of ING Vysya Life Insurance, thus becoming 100% stake holder.
And after this — ING Vysya Life was renamed as Exide Life Insurance in 2014. Exide Life Insurance is head quartered in Bangalore.

Published On : June 1, 2021
7 .
IndiaFirst Life Insurance Company, a life insurance company in India is a joint venture between UK’s financial and investment company Legal & General and which two banks?
A)
Allahabad Bank and Bank of India
B)
State Bank of India and Vijaya Bank
C)
Bank of Baroda and Andhra Bank
D)
Indian Overseas Bank and Union bank of India

Correct Answer :   Bank of Baroda and Andhra Bank

It is a joint venture between two of India’s public sector banks – Bank of Baroda (44%) and Andhra Bank (30%), and UK’s financial and investment company Legal & General(26%). It was incorporated in November, 2009. It has its headquarters in Mumbai.

Published On : June 1, 2021
8 .
Insurance companies collect a fixed amount from their customers at a fixed interval of time. This amount is called as
A)
Premium
B)
Interest
C)
Installment
D)
Service

Correct Answer :   Premium

Insurance companies collect a fixed amount from their customers at a fixed interval of time. This amount is called Premium.

Published On : June 1, 2021
9 .
Which of the following is the only public sector company in the field of life insurance?
A)
SBI Life Insurance Company
B)
Life Insurance Corporation of India
C)
Oriental insurance company
D)
General insurance company

Correct Answer :   Life Insurance Corporation of India

Life Insurance Corporation of India is the only public sector company among the life insurers.

Published On : June 1, 2021
10 .
Which of the following statements is/are true about NABARD?
A)
It is a development bank in the sector of Regional Rural Banks in India.
B)
It provides and regulates credits in the rural area
C)
It gives assistance for the promotion and development of rural sectors, mainly agriculture.
D)
All of the above

Correct Answer :   All of the above

Published On : June 1, 2021
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