1. 5128. A comprehensive database of more than 102 insurance quizzes online, test your knowledge with insurance quiz questions. ANSWER: d) Syndicate Bank Prathama Bank is the first Regional Rural Bank established on 2 October 1975. Multiple choice Questions on Insurance and Risk Management. Home; Translate; Insurance MCQ Federal Tax Considerations For Life Insurance and Annuities An insured had paid only part of her total number of IRA premiums before she died. Correct answer: (B) low frequency and high loss severity. Take english mcq online test of perfect, past and mixed modals auxiliary verbs. Which bank is the sponsor of Prathama Gramin Bank? ‘Broad Form Insurance’ is an Insurance coverage that extends beyond the basics to include rare events that may be of serious risk to the insured. All Rights Reserved. This type of insurance usually requires that a higher premium, MCQ Questions for Class 11 Business Studies with Answers were prepared based on the latest exam pattern. B Interest on Deposit . Banking in India - General Knowledge questions -02/09/15 « Previous; Next » Insurance in India - MCQs with answers 1. ANSWER: b) 1850 The first General Insurance Company in India was Triton Insurance Company Ltd. Pure risk. View Answer Discuss. Page 1. ANSWER: b) 1972 GIC was formed to control and operate the business of general insurance in India. B) Pay the death benefit. Insurance MCQ Questions and answers with explanations. From car to home to business, you have the insurance policies for everything. 1. Menu. Here you can find MCQ in compensation management with answers which in the syllabus of Human resource management. We hope, it will help you to score good marks in exam ! You need to know all the issues related to the Insurance Awareness from this article. Try the following multiple choice questions to test your knowledge of this chapter. Here we are presenting some Insurance Awareness GK Questions along with the Answers. The AMC MCQ examination is a computer-administered examination. Download Banking MCQ Question Answer PDF. General Insurance questions answers are applicable for any kind of Insurance related exam preparation in India like LIC, IRDA Agent. It functions under the administrative control of Ministry of Commerce & Industry. Learn from yesterday, live for today, hope for tomorrow. 6. Check the below NCERT MCQ Questions for Class 11 Business Studies Chapter 4 Business Services with Answers Pdf free download. this Objective type questions will be useful for both graduate and post graduate students. Check Insurance Awareness General Knowledge Questions from here. (A) data value (B) attribute value (C) data item (D) elementary. Insurance Awareness Multiple Choice Questions for LIC, NIACL and other competitive exams. It designed a code of conduct to ensure fair business practices. Explanation are given for understanding. Thank you for this. This multiple choice questions with answers exercises grow grammar knowledge Speculative risk. and often a deductible, be paid. these MCQs have asked in the previous year’s exams. What can they do. (c) 2. The risk manager maybe able to identify the new ventures involved in _____. 107 insurers were grouped into four companies: National Insurance Company, the New India Assurance Company, the Oriental Insurance Company and the United India Insurance Company. C Interest on Loan . It was set up under the control of British. General Insurance Question Answers Online. Please provide more questions answers related to insurance if possible. a. Insurance Objective Type Questions and Answers for competitive exams. Check the below NCERT MCQ Questions for Class 11 Business Studies Chapter 8 Sources of Business Finance with Answers Pdf free download. Below given is the MCQ in Compensation Management with Answers. Kotti kumaravel says: It’s very useful to us for studying insurance subject in SEM.tq so much . Reply. Correct answer: (A) Pure risk. A Deposit Received . Explanation are given for understanding. Question 1: A _____ refers to a single unit of values. The term ‘insurance coverage’ means, when an individual takes an insurance policy the insured will be covered by insurance company for a specific amount for themselves or the things that he had taken the insurance policy, for which he would be paying premiums to the insurance company. Pre-Authorized Chequing is an authorization by the insured to allow the Insurance Company to automatically withdrawal their insurance payments from their chequing account. Hello Friends, we are providing you the best MCQ Questions (Multiple Choice Questions), which you should practice for the objective type questions of UPSSSC & other competitive exams. as well as Board exams. The above questions are more relevant. c. put the patient back to bed and then answer the call. Let’s start with basic Data Structures mcq. ... View answer. ANSWER: d) 1999 The Insurance Regulatory and Development Authority (IRDA) was set up as an autonomous body under the IRDA Act, 1999. These short solved questions or quizzes are provided by Gkseries. ANSWER: b) Personal accident insurance Whole life, Endowment, Term, Investment-linked, Life annuity plan, Medical and health are the main products of life insurance. C) Refuse to pay the death benefit because of the fraud. Bajaj Allianz General Insurance, ICICI Lombard General Insurance, IFFCO-Tokio General Insurance, Reliance General Insurance, Royal Sundaram Alliance Insurance, TATA AIG General Insurance, Cholamandalam General Insurance, HDFC Ergo are the major general insurance private sector companies in India. So, go and take the provided Insurance Awareness General Knowledge Online Test. 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