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 Smart Contract, ECGC, Surety Insurance and Burglary policy followed by General Insurance companies, insurance, Clauses, etc. on Insurance GK.
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Q-1- What is ‘Smart Contract’?
- a smart contract is a confidential, computable agreement between two or more parties.
- a smart contract is a black signed, computable agreement between two or more parties.
- a smart contract is a digitally signed, computable agreement between two or more smart parties.
- a smart contract is a digitally signed, computable agreement between two or more parties.
Option-4 a smart contract is a digitally signed, computable agreement between two or more parties.
Q-2- Which is an inbuilt cover under Bharat Griha Raksha Policy-
(a)Loss of Rent
(b)Rent for Alternative Accommodation
- a only
- b only
- both above
- none of above
Option-3 Both Loss of Rent & Rent for Alternative Accommodation are inbuilt cover under Bharat Griha Raksha Policy.
Q-3- Missile testing operations are covered under Bharat Griha Raksha Policy
- True
- False
- can’t say
Option-1 Missile testing operations are covered under Bharat Griha Raksha Policy.
Q-4- Terrorism is covered under Bharat Griha Raksha Policy
- True
- False
- Can’t say
Option-1 Terrorism is covered under Bharat Griha Raksha Policy.
Q-5- Under Accidental policies below add on covers are available without extra premium
- Education Fund
- Carriage of dead body
- both above
- None of above
Option-3 Education fund for 02 dependent children and Carriage of dead body covers are available as an addon without any extra premium.
Q-6- ‘BahaneChhodoTaxBachao’ Save tax campaign is launched by
- SBI General Insurance
- Go Digit General Insurance
- Bajaj Allianz General Insurance
- Cholamandalam MS General Insurance
Option-1 SBI General Insurance has announced the launch of a campaign to increase awareness of Indians around the need to buy health insurance to save tax.The campaign #BahaneChhodoTaxBachao will also underline other benefits of opting for health insurance.
Q-7- Fleet information is one of the underwriting consideration for Aviation underwriters
- True
- False
- Can be consider
- Not required
Option-1 Fleet information is one of the underwriting consideration by Aviation underwriters.
Q-8- Surety Insurance pertains to
- a contract to perform the promise or discharge the liability of a third person in case of default.
- a contract for probability for renewal of insurance policy with same insurer.
- a contract for certainity of insurance renewal at targeted premium.
- none of above
Option-1 Surety Insurance pertains to a contract to perform the promise or discharge the liability of a third person in case of default.
Q-9- Insurance has deep rooted history in India. Its traces can be found in
- Manu (Manusmrithi)
- Kautilya (Arthasastra)
- Yagnavalkya (Dharmasastra)
- All of above
Option-4 In India, insurance has a deep-rooted history. It finds mention in the writings of Manu (Manusmrithi), Yagnavalkya (Dharmasastra) and Kautilya (Arthasastra).
Q-10- Which General Insurance in India has its roots in the establishment of the year 1850 in Calcutta by the British.
- London Globe Insurance
- Triton Insurance Company Ltd.
- The Indian Mercantile Insurance Ltd.
- The Oriental Life Insurance Company
Option-2 General Insurance in India started by establishment of Triton Insurance Company Ltd.,in the year 1850 in Calcutta by the British.