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Insurance Quiz for UIICL Main

Insurance Quiz for UIICL Main

1. The Non Government organizations(NGO) helps the insurance industry mainly in
1)Linking third party administrators
2)Promotional activities
3)Drafting new regulations
4)Linking buyers and sellers

2. Based on which aspect,Churning is bad ?
1)Agents earn Lower Commission on churning
2)Policyholders suffer due to surrender charges and benefits
3)Policyholder gets more benefits
4)Insurance companies get good branding

3. What is the maximum Time in which The insurer should settle a claim when all documents are submitted
1)5 days
2)20 days
3)30 days
4)15 days

4. A missing person is considered to be dead after how many years of missing ?
1) 3years
2) 5years
3) 15 years
4) 7years

5. A insurer advertises through daily news paper . What type of marketing is
1)cross selling
2)policy selling
3)Solicitation of Policy
4)Insurance selling

6. Which Insurance Company started its operation in the year in which India got Independence?
1) UIICL
2) GIC
3) LIC
4) OICL

7. ECGC is made to provide:
1) Insurance cover in external trade
2) Insurance cover in internal trade
3)Insurance cover in export trade
4)Insurance cover in import trade.

8. General Insurance(Public Sector) Association of India’s HQ is situtated in?
1) Telengana
2) Mumbai
3) Delhi
4) Chennai

9. India’s Agricultural Insurer is:
1) NABARD
2) GIC
3) KIshan Bima Sanstha
4) AIC

10. IRDA has the power to frame the regulations under___of the Insurance Act. 1938.
1) Section 112A
2) Section 114A
3) Section 114B
4) None of these

11. NIACL was started in the year:
1) 1938
2) 1947
3) 1973
4) 1919

12. “Rest Assured with us”This tagline is associated with:
1) SBI Life Insurance
2) NIACL
3) Kotak Mahindra Life Insurance
4) UIICL

13. “Twins of Wood” is related to Financial system as well as to Insurance market.These are:
1) RBI & IRDA
2) RBI & IMF
3) World Bank & RBI
4) World Bank & IMF

Answers:

  1. 4
  2. 2
  3. 3
  4. 4
  5. 3
  6. 4
  7. 3
  8. 3
  9. 4
  10. 2
  11. 4
  12. 4
  13. 4
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