Which among the given is the wholly owned subsidiary of GIC Re?

Agricultural Insurance Company of India Ltd

Which among the following insurance companies is not based in Mumbai?

The New India Assurance Company Limited (NIACL)

General Insurance Corporation of India (GIC Re)

United India Insurance Company Limited

The Insurance Laws (Amendment) Bill, 2008 has amended which among the following acts?

General Insurance Business (Nationalisation) Act, 1972

Insurance Regulatory and Development Authority Act, 1999

140 + Mcqs in General Insurance in Bachelor of Commerce (B Com) Page 2 McqOptions

51.	( ) 51% ?
A.
B.
C.
D.
Answer» D.

Discussion

52.	1938 3 , ?
A.	27
B.	32
C.	45
D.	12
Answer» D. 12

Discussion

53.	( ) ?
A.	0.02
B.	0.05
C.	0.07
D.	0.1
Answer» C. 0.07

Discussion

54.	, ?
A.	0.015
B.	0.01
C.	0.05
D.	0.02
Answer» E.

Discussion

55.	- ?
A.	1
B.	3
C.	5
D.	6
Answer» E.

Discussion

56.	( ) ?
A.	Ek Shagun Zindagi Ke Naam
B.	Rest Assured with Us
C.	Muskurate Raho
D.	Yogakshemam Vahaamyaham
Answer» E.

Discussion

57.	( ) ?
A.	0.6
B.	0.85
C.	0.65
D.	0.95
Answer» E.

Discussion

58.	(PMVVY)
A.
B.
C.
D.
Answer» B.

Discussion

59.	, .
A.	Extended Period
B.	Lapsed Period
C.	Revival Period
D.	Renewed Period
Answer» D. Renewed Period

Discussion

60.	( ) ?
A.	2000
B.	2002
C.	1999
D.	1998
Answer» C. 1999

Discussion

61.	( ) ?
A.	1938
B.	( ) , 1972
C.	, 1956
D.	, 1999
Answer» D. , 1999

Discussion

62.	, ?
A.	10
B.	9
C.	7
D.	4
Answer» E.

Discussion

63.	( ) ( ) ?
A.	8 (1)
B.	7 (1)
C.	9 (1)
D.	2 (1)
Answer» D. 2 (1)

Discussion

64.	- ?
A.	3
B.	1
C.	2
D.	4
Answer» E.

Discussion

65.	( ) ( ) 1972 ?
A.	107
B.	255
C.	98
D.	130
Answer» B. 255

Discussion

66.	India ( ) ?
A.	0.7025
B.	1
C.	0.5111
D.	0.8578
Answer» E.

Discussion

67.	. ?
A.
B.
C.
D.
Answer» D.

Discussion

68.	India ( ) ?
A.	1
B.	2
C.	3
D.
Answer» D.

Discussion

69.	The Oriental Insurance Company Ltd was founded in which year?
A.	1929
B.	1952
C.	1938
D.	1947
Answer» E.

Discussion

70.	The Oriental Insurance Company Ltd does not has its branch in which of the following countries?
A.	Nepal
B.	Kuwait
C.	UAE
D.	France
Answer» E.

Discussion

71.	The Oriental Insurance Company Limited was incorporated in which year?
A.	1938-07-15 00:00:00
B.	1942-04-30 00:00:00
C.	1954-01-21 00:00:00
D.	1947-09-12 00:00:00
Answer» E.

Discussion

72.	Where is the headquarter of NICL located?
A.	Hyderabad
B.	Mumbai
C.	Kolkata
D.	Jaipur
Answer» D. Jaipur

Discussion

73.	Who is the founder of The New India Assurance Company Ltd?
A.	Pallonji Mistry
B.	Sir Dorabji Tata
C.	Ardeshir Godrej
D.	S.K. Burman
Answer» C. Ardeshir Godrej

Discussion

74.	Which of the given insurance covers are compulsory by law in India?
A.	Motor Vehicle Insurance
B.	DICGC Insurance
C.	Employees State Insurance
D.	All
Answer» E.

Discussion

75.	( ) ?
A.	12
B.	19
C.	22
D.	20
Answer» D. 20

Discussion

76.	The General Insurance Corporation of India (GIC) was converted into a national re-insurer in which year?
A.	1995
B.	2000
C.	2014
D.	1999
Answer» C. 2014

Discussion

77.	The insurance law in India has its origin from which country?
A.	France
B.	United Kingdom
C.	United States
D.	Russia
Answer» C. United States

Discussion

78.	General Insurance Corporation of India (GIC) has its foreign branches in how many countries?
A.	1
B.	2
C.	3
D.	None
Answer» D. None

Discussion

79.	Before GIC became the sole Re-Insurer in India, it had how many fully owned subsidiary companies?
A.	3
B.	1
C.	2
D.	4
Answer» E.

Discussion

80.	GIC was founded on
A.	1938-07-01 00:00:00
B.	1994-01-31 00:00:00
C.	1959-04-25 00:00:00
D.	1972-11-22 00:00:00
Answer» E.

Discussion

81.	Which among the given is the wholly owned subsidiary of GIC Re?
A.	GIC-Bhutan RE Ltd.
B.	GIC Re South Africa Ltd.
C.	Agricultural Insurance Company of India Ltd
D.	GIC
Answer» C. Agricultural Insurance Company of India Ltd

Discussion

82.	How many insurance companies were nationalized under the General Insurance Business (Nationalization) Act (GIBNA) 1972?
A.	107
B.	255
C.	98
D.	130
Answer» B. 255

Discussion

83.	Since which year, IRDA started licensing private sector companies to conduct general insurance business in India?
A.	1999
B.	2001
C.	2004
D.	1992
Answer» C. 2004

Discussion

84.	Apart from being a leading insurance provider in India, NICL also serves which other country?
A.	Nepal
B.	Sri Lanka
C.	Bhutan
D.	Bangladesh
Answer» B. Sri Lanka

Discussion

85.	What is the shareholding of National Agricultural and Rural Development Bank (NABARD) in Agriculture Insurance Company of India Limited (AIC)?
A.	0.3
B.	0.35
C.	0.4
D.	0.45
Answer» B. 0.35

Discussion

86.	How many companies were merged to form the United India Insurance Company (UIIC)?
A.	12
B.	19
C.	22
D.	20
Answer» D. 20

Discussion

87.	An insurance policy designed to protect professionals and business owners when they are found to be at fault for a specific event such as misjudgment is termed as
A.	Indemnity Insurance
B.	Business Default Insurance
C.	Risk Hall Insurance
D.	Entrepreneur Hall Insurance
Answer» B. Business Default Insurance

Discussion

88.	When was the National Insurance Company Limited (NICL) incorporated?
A.	1906-12-05 00:00:00
B.	1984-07-18 00:00:00
C.	1938-11-22 00:00:00
D.	1919-04-30 00:00:00
Answer» B. 1984-07-18 00:00:00

Discussion

89.	Which among the following insurance companies is not based in Mumbai?
A.	The New India Assurance Company Limited (NIACL)
B.	General Insurance Corporation of India (GIC Re)
C.	ECGC Ltd
D.	United India Insurance Company Limited
Answer» E.

Discussion

90.	In which bank has Life Insurance Corporation of India (LIC) bought 51% stake recently?
A.	HDFC Bank
B.	ICICI Bank
C.	IDBI Bank
D.	IDFC First Bank
Answer» D. IDFC First Bank

Discussion

91.	The Insurance Laws (Amendment) Bill, 2008 has amended which among the following acts?
A.	Insurance Act, 1938
B.	General Insurance Business (Nationalisation) Act, 1972
C.	Insurance Regulatory and Development Authority Act, 1999
D.	iven All
Answer» E.

Discussion

92.	What is the name of Satellite offices of Life Insurance Corporation of India (LIC)?
A.	SAMPARK
B.	SAMADHAN
C.	SAMPOORNA
D.	SHATABDI
Answer» B. SAMADHAN

Discussion

93.	What is the slogan of Life Insurance Corporation of India (LIC)?
A.	Ek Shagun Zindagi Ke Naam
B.	Rest Assured with Us
C.	Muskurate Raho
D.	Yogakshemam Vahaamyaham
Answer» E.

Discussion

94.	( ) ?
A.
B.
C.
D.
Answer» C.

Discussion

95.	Which among the following is an accidental insurance scheme?
A.	PMJJBY
B.	PMFBY
C.	PMSBY
D.	PMVVY
Answer» D. PMVVY

Discussion

96.	What is the duration of time provided by RBI to LIC to reduce its stake in IDBI Bank by 10 percent?
A.	12 years
B.	10 years
C.	5 years
D.	8 years
Answer» B. 10 years

Discussion

97.	In which year Life Insurance Business in India was nationalized?
A.	1956
B.	1958
C.	1960
D.	1966
Answer» B. 1958

Discussion

98.	Under the Prime Minister s Crop Insurance Scheme, farmers will have to pay a uniform premium of percent for Kharif crops?
A.	0.015
B.	0.01
C.	0.05
D.	0.02
Answer» E.

Discussion

99.	What should be the minimum paid up capital of an entity to start re-insurance business in India?
A.	Rs 200 crore
B.	Rs 100 crore
C.	Rs 500 crore
D.	Rs 300 crore
Answer» B. Rs 100 crore

Discussion

100.	The insurance in which risks are shared between multiple insurers is known as
A.	Dual Insurance
B.	Co Insurance
C.	Self Insurance
D.	Reinsurance
Answer» C. Self Insurance

Discussion

Explore topic-wise MCQs in Bachelor of Commerce (B Com).

( ) 51% ?

1938 3 , ?

( ) ?

, ?

- ?

( ) ?

( ) ?

(PMVVY)

, .

( ) ?

( ) ?

, ?

( ) ( ) ?

- ?

( ) ( ) 1972 ?

India ( ) ?

. ?

India ( ) ?

The Oriental Insurance Company Ltd was founded in which year?

The Oriental Insurance Company Ltd does not has its branch in which of the following countries?

The Oriental Insurance Company Limited was incorporated in which year?

Where is the headquarter of NICL located?

Who is the founder of The New India Assurance Company Ltd?

Which of the given insurance covers are compulsory by law in India?

( ) ?

The General Insurance Corporation of India (GIC) was converted into a national re-insurer in which year?

The insurance law in India has its origin from which country?

General Insurance Corporation of India (GIC) has its foreign branches in how many countries?

Before GIC became the sole Re-Insurer in India, it had how many fully owned subsidiary companies?

GIC was founded on

Which among the given is the wholly owned subsidiary of GIC Re?

How many insurance companies were nationalized under the General Insurance Business (Nationalization) Act (GIBNA) 1972?

Since which year, IRDA started licensing private sector companies to conduct general insurance business in India?

Apart from being a leading insurance provider in India, NICL also serves which other country?

What is the shareholding of National Agricultural and Rural Development Bank (NABARD) in Agriculture Insurance Company of India Limited (AIC)?

How many companies were merged to form the United India Insurance Company (UIIC)?

An insurance policy designed to protect professionals and business owners when they are found to be at fault for a specific event such as misjudgment is termed as

When was the National Insurance Company Limited (NICL) incorporated?

Which among the following insurance companies is not based in Mumbai?

In which bank has Life Insurance Corporation of India (LIC) bought 51% stake recently?

The Insurance Laws (Amendment) Bill, 2008 has amended which among the following acts?

What is the name of Satellite offices of Life Insurance Corporation of India (LIC)?

What is the slogan of Life Insurance Corporation of India (LIC)?

( ) ?

Which among the following is an accidental insurance scheme?

What is the duration of time provided by RBI to LIC to reduce its stake in IDBI Bank by 10 percent?

In which year Life Insurance Business in India was nationalized?

Under the Prime Minister s Crop Insurance Scheme, farmers will have to pay a uniform premium of percent for Kharif crops?

What should be the minimum paid up capital of an entity to start re-insurance business in India?

The insurance in which risks are shared between multiple insurers is known as