Quiz on Insurance and Finance G.K.

Insurance and General Finance related Questions

1. Which of the following types of companies/organisations issue ULIP?

1. Insurance companies
2. Banks
3. NABARD
4. RBI

2. Which amongst the following is not an insurance company functioning in India?

1. ICICI prudential
2. ING Vysya
3. National Securities Depository Limited
4. New India Assurance company

3. Which of the following is the only public sector company in the field of life insurance?

1. General insurance company
2. New India assurance company
3. Oriental insurance company
4. Life Insurance Corporation of India

4. "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

1. Death coverage
2. Life insurance
3. Savings for future
4. Provident fund

5. With which of the following did the State Bank of India enter into a joint venture agreement for undertaking general insurance business?

1. New India Assurance Ltd.
2. Insurance Australia Group
3. Lehman Brothers Holdings Inc.
4. Allianz

6. Which of the following is the regulator of insurance sector in India?

1. RBI
2. AMFI
3. IRDA
4. SEBI

7. Which of the following terms is NOT related to the insurance sector?

1. Indemnity
2. Coverage
3. Misuse Alert
4. Annuity

8. Which of the following public sector companies/organizations provides insurance cover to exporters?

1. ECGC
2. NABARD
3. SIDBI
4. IRDA

9. The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?

1. Instalment
2. Contribution
3. Premium
4. EMI

10. Which of the following is/are the various types of insurance?

1. Life insurance
2. Health insurance
3. Liability insurance

1. Only (a)
2. Only (a) and (b)
3. Only (b) and (c)
4. All the three

11. Which of the following insurance companies gives the slogan Prithvi, Agni, Jal, Akash - Sab ki Surakhsa Hamare Paas?

1. Life Insurance Corporation
2. Oriental Insurance Company
3. New India Assurance
4. General Insurance Company

12. With which of the fields is actuarial science associated?

1. Insurance
2. Banking
3. Micro-finance
4. Space technology

13. Which of the following terms is used in the field of finance and banking?

1. Elasticity
2. Inflation
3. Pulse rate
4. Hot waves

14. Expand the term IFRS.

1. Indian Financial Reporting Standards
2. Indian Financial Reporting Systems
3. International Financial Reporting Standards
4. International Financial Reporting Systems

15. What does the term FSDC, used in financial sectors stand for?

1. Financial Security and Development Council
2. Financial Stability and Development Council
3. Fiscal Security and Development Convention
4. Fiscal Stability and Development Council

16. Under the ESOP, who of the following are offered shares in the company?

1. Employees
2. Existing Shareholders
3. Promoters
4. NRIs

17. On which one of the following issues can SEBI penalize any company in India?

1. Violation of Banking Regulation Act
2. Violation of foreign portfolio investment guidelines
3. For violation of Negotiable Instrument Act

1. Only 1
2. Only 2
3. Only 3
4. All the three