Insurance Questions 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 Employees Deposit Linked Insurance(EDLI),National pension scheme(NPS), NPS- Swavalamban on Insurance are helpful to all insurance aspirants to know insurance in related areas too.
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Q-1- In 1995, Employee Family Pension Scheme was replaced by
- Employees Pension Scheme
- The Employees Provident Fund & MP Act
- Employees Deposit Linked Insurance scheme
- None of above
Option-1 In 1995, Employee Family Pension Scheme was replaced with a more comprehensive pension scheme known as Employees Pension scheme(EPS).
Q-2- The Central Government with a motive of providing additional Social Security in form of Life Insurance introduced
- Employees Pension Scheme
- The Employees Provident Fund & MP Act
- Employees Deposit Linked Insurance scheme
- None of above
Option-4 The Central Government with a motive of providing additional Social Security in form of Life Insurance introduced to the family of the deceased member of the Provident Fund, introduced the Employees Deposit Linked Insurance(EDLI) Scheme w.e.f. 1st August 1976.
Q-3- The Employees Deposit Linked Insurance(EDLI) Scheme applies on which sector of employees?
- Agricultural sector
- Infrastructure sector
- Manufacturing sector
- All of above
Option-4 The Employees Deposit Linked Insurance(EDLI) Scheme applies on all establishment or class of establishments to which The Employees Provident Fund and MP Act, 1952 applies.
Q-4- Which is not a mandatory benefit for eligible class of employees?
- Gratuity
- Provident Fund
- Superannuation
- None of the above
Option-3 Superannuation is not mandatory benefit.
Q-5- Which of th following is/are an example of employee benefits that is/are generally offered to employees by their company?
- Social security benefits
- Bonus to the emplyees
- remunerative wage structure
- All of the above
Option-4 A company offers all these employees benefits like remunerative wage structure, bonus th the employees and social security benefits.
Q-6- National pension scheme(NPS) is an initiative of
- Employees Pension Scheme
- The Employees Provident Fund & MP Act
- Employees Deposit Linked Insurance scheme
- Pension Fund Regulatory and Development Authority
Option-4 National pension scheme(NPS) is an initiative of Pension Fund Regulatory and Development Authority(PFRDA). PFRDA is the apex body established by Government of India to regulate and develp pension sector in India.
Q-7- What is aim of NPS- Swavalamban intitative?
- target youth to train and help in setup their own startups
- to encourage marginal investors for investing in NPS fund
- to raise funds for investment in startup at low interest rate
- building up a corpus sufficient enough to buy an annuity for old age
Option-4 The aim of NPS- Swavalamban intitative is building up a corpus sufficient enough to buy an annuity for their old age.
Q-8- The NPS- Swavalamban was launched in budget of
- 2011-2012
- 2010-2011
- 2009-2010
- 2008-2009
Option-2 The NPS- Swavalamban was launched by Finance Minister in budget of the year 2010-2011.
Q-9- The Benefit of NPS- Swavalamban only to those who join NPS with a minimum contribution of _________ and maximum __________ p.a.
- ₹500 and ₹6000
- ₹1,000 and ₹12,000
- ₹1,500 and ₹18,000
- ₹2,000 and ₹24,000
Option-2 The Benefit of NPS- Swavalamban only to those who join NPS with a minimum contribution of ₹1,000 and maximum ₹12,000 p.a.
Q-10- NPS is
- voluntary for all Indian citizens and voluntary for Central govt. employees
- voluntary for all Indian citizens and mandatory for Central govt. employees
- mandatory for all Indian citizens and voluntary for Central govt. employees
- mandatory for all Indian citizens and mandatory for Central govt. employees
Option-2 voluntary for all Indian citizens and mandatory for Central govt. employees(except armed forces).