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WorksheetsFIS - LIC & GIC
Total questions: 20
Worksheet time: 10mins
The central office of the Life Insurance Corporation of India (LIC) is located at
1) Kolkata
2) New Delhi
3) Chennai
4) Pune
5) Mumbai
If an organization wishes to venture into Insurance Business it has to obtain a licence first from which of the following ?
1) Indian Banks Association (IBA)
2) Security and Exchange Board of India (SEBI)
3) Tariff Advisory Committee (TAC)
4) Insurance Regulatory and Development Authority of India (IRDAI)
5) None of these
Which of the following insurance companies writes its punch line in the advertisements “Insurance is the subject matter of solicitation” ?
1) CIC
2) LIC
3) ING Vysya Life InsuranceCo.
4) Tata AIG Life Insurance Co
5) None of these
Which of the following was the parent company of New India Assurance ?
1) LIC
2) GIC
3) Oriental Insurance Co. Ltd.
4) United India Insurance
5) None of these
Which of the following words/ terms is closely associated with the insurance business
1) Archives
2) Donation
3) Actuary
4) Quest
5) All are associated with insurance
Which is the sole reinsurance company in the Indian insurance market ?
1) United India Insurance Company Limited
2) General Insurance Corporation of India
3) New India Assurance Company Limited
4) The Oriental Insurance Company
5) Life Insurance Corporation of India
Which of the following is the only public sector company in the field of life insurance?
A General insurance company
B New India assurance company
C Oriental insurance company
D Life Insurance Corporation of India
Which of the following is the regulator of insurance sector in India?
A RBI
B AMFI
C IRDA
D SEBI
With which of the fields is actuarial science associated?
A Insurance
B Banking
C Micro-finance
D Space technology
A missing person is considered to be dead after how many years of missing ?
A 3years
B 5years
C 15 years
D 7years
Which of the following is largest Non Life Insurance Company in India ?
A ICICI Lombard General Insurance Company Ltd.
B United India Insurance Company Ltd.
C General Insurance Company Ltd.
D New India Assurance Company Ltd.
Which amongst the following is not an insurance company functioning in India?
A ICICI prudential
B ING Vysya
C National Securities Depository Limited
D New India Assurance company
The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?
A Instalment
B Contribution
C Premium
D EMI
Which of the following is/are the various types of insurance?
1. Life insurance
2. Health insurance
3. Liability insurance
A Only (a)
B Only (a) and (b)
C Only (b) and (c)
D All the three
Which of the following is the regulator of the credit rating agencies in India?
A RBI
B SBI
C SEBI
D None of these
FDI refers to
A Fixed Deposits in India
B Foreign Direct Investment
C Foreign Deposits in India
D Future Derivative Investment
When was the General Insurance Corporation of India incorporated?
A 1971
B 1972
C 1973
D 1975
Which of the following types of companies/organisations issue ULIP?
A Insurance companies
B Banks
C NABARD
D RBI
Insurance company transfers the insurance which cannot bear by them to which of the following ?
A TPAs
B Bancassurance
C Reinsurance
D Actuaries
“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
A Death coverage
B Life insurance
C Savings for future
D Provident fund
