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1. Which of the following types of companies/organisations issue ULIP?
1) Insurance companies
2) Banks
3) NABARD
4) RBI
5) None of these
2. Which amongst the following is not an insurance company functioning in India?
1) ICICI prudential
2) ING Vysya
3) National Securities Depository Limited
4) New India Assurance company
5) General insurance company
3. Which of the following is the only public sector company in the field of life insurance?
1) General insurance company
2) New India assurance company
3) Oriental insurance company
4) Life Insurance Corporation of India
5) None of these
4. “A contract that pledges payment of an agreed upon amount to the person (or his/her nominee) on the happening of an event covered against” is technically known as
1) Death coverage
2) Life insurance
3) Savings for future
4) Provident fund
5) None of these
5. With which of the following did the State Bank of India enter into a joint venture agreement for undertaking general insurance business?
1) New India Assurance Ltd.
2) Insurance Australia Group
3) Lehman Brothers Holdings Inc.
4) Allianz
5) None of these
6. Which of the following is the regulator of insurance sector in India?
1) RBI
2) AMFI
3) IRDA
4) SEBI
5) None of these
7. Which of the following terms is NOT related to the insurance sector?
1) Indemnity
2) Coverage
3) Misuse Alert
4) Annuity
5) None of these
8. Which of the following public sector companies/organizations provides insurance cover to exporters?
1) ECGC
2) NABARD
3) SIDBI
4) IRDA
5) None of these
9. The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?
1) Instalment
2) Contribution
3) Premium
4) EMI
5) None of these
10. Which of the following is/are the various types of insurance?
a) Life insurance
b) Health insurance
c) Liability insurance
1) Only (a)
2) Only (a) and (b)
3) Only (b) and (c)
4) All the three
5) Only (a) and (c)


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