Insurance MCQs: Insurance Questions And Answers

Insurance MCQs. Multiple-Choice Questions related to Insurance. These questions will help in the preparation for different types of exams. Insurance Company Interview Questions

 

Insurance MCQs

 

When was the Oriental Life Insurance Company established ??

a. 1821
b. 1815
c. 1818
d. 1833

 

When was Triton Insurance Company Ltd established ??

a. 1860
b. 1857
c. 1854
d. 1850

 

When was the Life Insurance sector nationalized ??

a. 1959
b. 1956
c. 1951
d. 1947

 

When was the General Insurance Council formed ??

a. 1958
b. 1957
c. 1956
d. 1955

 

When was the Indian Mercantile Insurance established ??

a. 1908
b. 1907
c. 1906
d. 1905

 

MCQs

 

 In which year New India Assurance Co Ltd nationalized ??

a. 1969
b. 1973
c. 1947
d. 1945

 

When was the Insurance Regulatory and Development Authority constituted ??

a. 2005
b. 2001
c. 1999
d. 1971

 

When was the General Insurance Corporation of India incorporated ??

a. 1973
b. 1972
c. 1971
d. 1970

 

When was the general insurance business nationalized??

a. 1973
b. 1972
c. 1971
d. 1970

 

When was the Export Credit Guarantee Corporation of India established ??

a. 1958
b. 1957
c. 1956
d. 1955

 

Insurance MCQs

 

In which among the following year National Insurance Company Limited (NICL) was incorporated ??

a. 1919
b. 1934
c. 1956
d. 1906

 

Life Insurance Corporation was founded on ??

a. 1 September, 1956
b. 4 September, 1956
c. 6 December, 1960
d. 1 April, 1955

 

Which was the oldest insurance company, found in 1906 ??

a. United India Insurance Company
b. Agriculture Insurance Company of India
c. National Insurance Company
d. LIC

 

The largest Life Insurance Company in India is ??

a. National Insurance Company Limited
b. United India Insurance Company Limited
c. Life Insurance Corporation of India (LIC)
d. The New India Assurance Company Limited

 

Limit of FDI in the Insurance sector ??

a. 51%
b. 49%
c. 50%
d. 47%

 

Insurance MCQs

 

Which of the following is not the principle of insurance ??

a. Causa Proxima
b. Maximization of Profit
c. Principle of Contribution
d. Utmost Good Faith

 

Insurance is legislated by ??

a. Government of India
b. Central Government
c. State Government
d. Insurance Company

 

Insurance is listed in the Constitution of India in _________ scheduled as Union List subject ??

a. Tenth
b. Seventh
c. Ninth
d. Eighth

 

Oldest (1818) life insurance company is ??

a. Bharat Life Insurance Company
b. Oriental Life Insurance Company
c. Max Life Insurance Company
d. Postal Life Insurance Company

 

Headquarter of LIC is situated at ??

a. Hyderabad
b. Mumbai
c. Delhi
d. Kolkata

 

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