MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Imperial bank of India was established by amalgamation of .......... presidencybanks |
| A. | 3 |
| B. | 5 |
| C. | 7 |
| D. | 10 |
| Answer» B. 5 | |
| 2. |
Custodian of National Rural Credit Stabilisation Fund |
| A. | rbi |
| B. | sbi |
| C. | nabard |
| D. | arbi |
| Answer» D. arbi | |
| 3. |
Number of public sector Banks in India |
| A. | 14 |
| B. | 20 |
| C. | 21 |
| D. | 28 |
| Answer» E. | |
| 4. |
A mutilated cheque will be ----------- |
| A. | crossed |
| B. | endorsed |
| C. | marked |
| D. | torn |
| Answer» E. | |
| 5. |
FDR stands for.......... |
| A. | fiduciary deposit reserve |
| B. | fixed deposit receipt |
| C. | fixed depreciation rate |
| D. | fixed deposit rate |
| Answer» C. fixed depreciation rate | |
| 6. |
The chairman of 13th Finance commission is |
| A. | a m khushro |
| B. | c rangarajan |
| C. | vijay kelkar |
| D. | bimal jalan |
| Answer» D. bimal jalan | |
| 7. |
The first bank in India |
| A. | allahabad bank |
| B. | punjab national bank |
| C. | nedungadi bank |
| D. | bank of hindustan |
| Answer» E. | |
| 8. |
The first bank in the world |
| A. | bank of america |
| B. | federal reserve bank |
| C. | bank of venice |
| D. | bank of hindustan |
| Answer» D. bank of hindustan | |
| 9. |
First purely Indian bank is |
| A. | allahabad bank |
| B. | punjab national bank |
| C. | nedungadi bank |
| D. | bank of hindustan |
| Answer» C. nedungadi bank | |
| 10. |
The first bank in Kerala |
| A. | federal bank |
| B. | south malabar gramin bank |
| C. | north malabar gramin bank |
| D. | nedungadi bank |
| Answer» E. | |
| 11. |
The first international credit card was introduced in India by |
| A. | sbi |
| B. | canara bank |
| C. | andhra bank |
| D. | bank of baroda |
| Answer» D. bank of baroda | |
| 12. |
Certain percentage of the sum assured is paid periodically according to..........policy |
| A. | term |
| B. | endowment |
| C. | money back |
| D. | group insurance |
| Answer» D. group insurance | |
| 13. |
Transfer of rights and remedies of the insured to the insurer after indemnity hasbeen effected is called |
| A. | insurable interest |
| B. | subrogation |
| C. | proximate cause |
| D. | mitigation of loss |
| Answer» C. proximate cause | |
| 14. |
Guarantee for employer for the loss out of employees dishonest is |
| A. | burglary insurance |
| B. | fidelity insurance |
| C. | third party insurance |
| D. | guarantee insurance |
| Answer» C. third party insurance | |
| 15. |
Motor insurance has its beginning in the |
| A. | usa |
| B. | ussr |
| C. | uk |
| D. | uae |
| Answer» D. uae | |
| 16. |
Fidelity guarantee insurance does not guarantee |
| A. | the death of the employer |
| B. | the death of the employee |
| C. | the employees honesty |
| D. | the employers honesty |
| Answer» D. the employers honesty | |
| 17. |
Insurance is based on the principle of |
| A. | co-operation |
| B. | democracy |
| C. | equality |
| D. | welfare |
| Answer» B. democracy | |
| 18. |
This policy covers all risks to the ship and its cargo while the ship is at aparticular port. |
| A. | voyage policy |
| B. | floating policy |
| C. | time policy |
| D. | port risk policy |
| Answer» E. | |
| 19. |
Fire insurance can be taken in respect of |
| A. | movable properties only |
| B. | immovable properties only |
| C. | both a & b |
| D. | persons only |
| Answer» D. persons only | |
| 20. |
The principle of indemnity applicable to........... |
| A. | life insurance |
| B. | personal accident insurance |
| C. | property insurance |
| D. | all of these |
| Answer» E. | |
| 21. |
Except life insurance the maximum term of other insurance is |
| A. | 12 months |
| B. | 24 months |
| C. | 6 months |
| D. | 36 months |
| Answer» B. 24 months | |
| 22. |
The person who agrees to compensate the loss arising from the risk is called the ........ |
| A. | insurer |
| B. | underwriter |
| C. | assurer |
| D. | all of these |
| Answer» E. | |
| 23. |
The person whose risk is insured is called |
| A. | insured |
| B. | assured |
| C. | insurer |
| D. | both a &b |
| Answer» E. | |
| 24. |
............ policy matures on the assureds’ death or on his attainment of particular agewhichever is earlier |
| A. | endowment policy |
| B. | money back policy |
| C. | joint life policy |
| D. | single premium policy |
| Answer» B. money back policy | |
| 25. |
In marine insurance, insurable interest is enough at the time of........ |
| A. | claim |
| B. | loss |
| C. | maturity |
| D. | insurance |
| Answer» C. maturity | |
| 26. |
In fire insurance, insurable interest is enough at the time of........ |
| A. | effecting the policy |
| B. | loss |
| C. | maturity |
| D. | both a & b |
| Answer» E. | |
| 27. |
Process of transferring right in respect of a policy from one person to another is |
| A. | blank transfer |
| B. | surrender |
| C. | assignment |
| D. | endorsement |
| Answer» D. endorsement | |
| 28. |
......... is an agreement whereby the insurer agrees to indemnify the insured againstlosses due to sea and port perils |
| A. | fire insurance |
| B. | marine insurance |
| C. | life insurance |
| D. | all the above |
| Answer» C. life insurance | |
| 29. |
....... are those terms, which are written on the policy |
| A. | express warranties |
| B. | implied warranties |
| C. | memorandum clause |
| D. | valuation clause |
| Answer» B. implied warranties | |
| 30. |
When the subject matter insured is destroyed wholly refers to......... |
| A. | partial total loss |
| B. | actual total loss |
| C. | constructive total loss |
| D. | none of these |
| Answer» C. constructive total loss | |
| 31. |
------- policy issued on the basis of the number of persons assured |
| A. | annuity policy |
| B. | multiple life policy |
| C. | single life policy |
| D. | level premium policy |
| Answer» C. single life policy | |
| 32. |
......... means a wilful and intentional act on part of self destroyer |
| A. | death |
| B. | suicide |
| C. | murder |
| D. | accident |
| Answer» C. murder | |
| 33. |
The central office of LIC is located at |
| A. | new delhi |
| B. | kolkata |
| C. | mumbai |
| D. | chennai |
| Answer» D. chennai | |
| 34. |
A person employed to act for another or to represent another while dealing withthird party is |
| A. | principal |
| B. | trustee |
| C. | agent |
| D. | servant |
| Answer» D. servant | |
| 35. |
Maritime perils are also called.......... |
| A. | perils of the sea |
| B. | moral hazards |
| C. | morale hazards |
| D. | none of these |
| Answer» B. moral hazards | |
| 36. |
............ policy in which the limits of the risks are determined by place ofparticular voyage |
| A. | valued |
| B. | time |
| C. | voyage |
| D. | unvalued |
| Answer» D. unvalued | |
| 37. |
............. policy covers the risk during a particular voyage for a specific period |
| A. | valued |
| B. | time |
| C. | voyage |
| D. | mixed |
| Answer» E. | |
| 38. |
The term ‘run off or Fully declared’ refers to |
| A. | floating policy |
| B. | wagering policy |
| C. | builders risk policy |
| D. | open cover policy |
| Answer» B. wagering policy | |
| 39. |
Wagering policy also known as |
| A. | policy proof of interest |
| B. | open policy |
| C. | builders risk policy |
| D. | port risk policy |
| Answer» B. open policy | |
| 40. |
Risk insured against death is a contract of....... |
| A. | assurance |
| B. | agreement |
| C. | indemnity |
| D. | all the above |
| Answer» B. agreement | |
| 41. |
Which of the following contract is not legally enforceable |
| A. | contract of insurance |
| B. | contract of guarantee |
| C. | wagering contract |
| D. | contract of indemnity |
| Answer» D. contract of indemnity | |
| 42. |
................. is a document which provides evidence of the contract of insurance |
| A. | proposal form |
| B. | policy form |
| C. | cover note |
| D. | certificate of insurance |
| Answer» B. policy form | |
| 43. |
General Insurance Corporation was established in the year |
| A. | 1956 |
| B. | 1972 |
| C. | 1955 |
| D. | 1971 |
| Answer» B. 1972 | |
| 44. |
General insurance business was nationalised under |
| A. | gibn act.1971 |
| B. | gibn act.1972 |
| C. | gibn act.1973 |
| D. | gibn act.1974 |
| Answer» C. gibn act.1973 | |
| 45. |
The head quarters of New India Assurance Co. Ltd is |
| A. | new delhi |
| B. | mumbai |
| C. | kolkata |
| D. | chennai |
| Answer» C. kolkata | |
| 46. |
The Head quarters of Oriental Insurance Co.ltd is |
| A. | new delhi |
| B. | mumbai |
| C. | kolkata |
| D. | chennai |
| Answer» B. mumbai | |
| 47. |
The Head office of National Insurance Co. Ltd is |
| A. | new delhi |
| B. | mumbai |
| C. | kolkata |
| D. | chennai |
| Answer» D. chennai | |
| 48. |
The Head office of United India Insurance Co. Ltd is |
| A. | new delhi |
| B. | mumbai |
| C. | kolkata |
| D. | chennai |
| Answer» E. | |
| 49. |
Life insurance in its present form came to India from |
| A. | uk |
| B. | usa |
| C. | canada |
| D. | germany |
| Answer» B. usa | |
| 50. |
LIC was set up in the year |
| A. | 1824 |
| B. | 1823 |
| C. | 1822 |
| D. | 1821 |
| Answer» C. 1822 | |