Insurance MCQ daily proved very useful to all Insurance aspirants or insurance savvy who regularly seek insurance knowledge.
These 20 Insurance GK MCQs are all about Life and about the general insurance sector.
Questions related to ties ups of Insurance companies with Banks for selling Insurance products, GK on IRDAI, and FDI update on Insurance and insurance intermediaries.
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Q-1- Uncertain events can be classified as ______________.
- Natural and Artificial
- Definite and Indefinite
- Possible and Impossible
- Predictable and Unpredictable
Option 4
Q-2- FDI in Insurance sector allows upto
- 49%
- 51%
- 74%
- 100%
Option-3 Parliament on March 22,2021 passed the Insurance Amendment Bill 2021 to increase the foreign direct investment (FDI) limit in the insurance sector to 74%.
Q-3- FDI in Insurance sector in Intermediary allows upto
- 49%
- 51%
- 74%
- 100%
Option-4 On 2 September 2019, the IRDAI notified the Indian Insurance Companies (Foreign Investment) Amendment Rules 2019 (Amendment Rules) effectively allowing 100% FDI in insurance intermediaries.
Q-4- Warburg pincus, an American private equity firm sold its share in which Insurance company?
- Tata AIG General insurance company
- IFFCO Tokio general insurance company
- Bajaj Allianz General insurance company
- ICICI Lombard general insurance company
Option-4 Warburg pincus sold its share from ICICI Lombard general insurance company.
Q-5- Warburg pincus, an American private equity firm sold its _____share from Insurance Company.
- 2.5%
- 2.7%
- 3.0%
- 4.5%
Option-2 Warburg pincus, an American private equity firm sold its 2.7% share from Insurance Company.
Q-6- Karnataka Gramin bank had signed pact with which Insurance company for Bancassurance deal?
- SBI General insurance company
- IFFCO Tokio general insurance company
- Bajaj Allianz General insurance company
- ICICI Lombard general insurance company
Option-1 Karnataka Gramin Bank sign pact with SBI General Insurance Company Ltd.
Q-7- IRDAI forms working group to revisit framework on ____________
- Cyber Insurance
- Property Insurance
- Trade Credit Insurance
- professional Indemnity
Option-3 IRDAI forms working group to revisit framework on Trade Credit Insurance.
Q-8- IRDAI penalized ____________ of Rs.1.11 crore.
- Bimabazaar
- Policy Bazaar
- Health Dekho
- ICICI Lombard
Option-2 IRDAI penalized Policy Bazaar of Rs.1.11 crore.
Q-9- IRDAI issued warning to which insurer for excessive expenses?
- Max Life
- SBI Life Insurance
- Tata AIA Life Insurance
- Reliance Nippon Life Insurance
Option-4 IRDAI issued warning to Reliance Nippon Life Insurance for excessive expenses.
Q-10- LIC sign an agreement with _____________ for sell insurance products.
- Bank of Baroda
- Bandhan Bank
- Cooperative Bank of India
- Karnataka Vikas Grameen Bank
Option-3 LIC signed an agreement with Karnataka Vikas Grameen Bank for sell insurance products.