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Insurance MCQ for LIC AAO

2 weeks ago 0 comments

Dear Aspirants,

LIC AAO examination is scheduled in the upcoming months, so we are here with the Insurance MCQs post with reference to the Banking & Insurance Industry. It will give you the cutting edge in the examination. Make most of it.

1. The punch line of the advertisement of which of the following organization is ‘Jindagi ke sath bhi Jindagi ke bad bhi’?

1) New India Assurance
2) General Insurance Corporation
3) ICICI Prudential
4) Life Insurance Corporation Of India
5) None of these

2. The central office of the Life Insurance Corporation of India (LIC) is located at

1) Kolkata
2) New Delhi
3) Chennai
4) Pune
5) Mumbai

3. If an organization wishes to venture into Insurance Business it has to obtain a licence first from which of the following?

1) Indian Banks Association (IBA)
2) Security and Exchange Board of India (SEBI)
3) Tariff Advisory Committee (TAC)
4) Insurance Regulatory and Development Authority of India (IRDAI)
5) None of these

4. Which of the following is not the name of an Insurance Scheme launched by the Government of India

1) Janashree Bima Yojana
2) Krishi Shramik Sarnajik Suraksha Yojana
3) Shiksha Sahyog Yojana
4) Varsha Bima Yojana
5) National Saving Scheme Programme

5. Which of the following insurance companies writes its punch line in the advertisements ‘Insurance is the subject matter of solicitation’?

1) CIC
2) LIC
3) ING Vysya Life InsuranceCo.
4) Tata AIG Life Insurance Co
5) None of these

6. Which of the following was the parent company of New India Assurance?

1) LIC
2) GIC
3) Oriental Insurance Co. Ltd.
4) United India Insurance
5) None of these

7. Which of the following words/ terms is closely associated with the insurance business

1) Archives
2) Donation
3) Actuary
4) Quest
5) All are associated with insurance

8. The New India Assurance Company was established in 1919 by

1) Dorab Tata
2) G. D. Birla
3) Jamunalal Bajaj
4) Kamlapat Singhania
5) None of these

9. Which of the following is largest Non Life Insurance Company in India ?

1) ICICI Lombard General Insurance Company Ltd.
2) United India Insurance Company Ltd.
3) General Insurance Company Ltd.
4). New India Assurance Company Ltd.
5) None of these

10. Which is the sole reinsurance company in the Indian insurance market?

1) United India Insurance Company Limited
2) General Insurance Corporation of India
3) New India Assurance Company Limited
4) The Oriental Insurance Company
5) Life Insurance Corporation of India

Answers:
  1. 4
  2. 5
  3. 4
  4. 4
  5. 2
  6. 2
  7. 3
  8. 1
  9. 4
  10. 2
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