Q-11- The following one is not the property for a coherent risk measure of
- Subaddivity
- Homogenity
- Monotonicity
- Monatomicity
Option-4 Monatomicity
Q-12- The Insurance Act was amended to provide for minimum solvency margins and setting up the Tariff Advisory Committee in the year of
- 1956
- 1939
- 1968
- 1971
Option-3 1968
Q-13- The Delphi technique is a method which involves getting opinion on a process
- from the Regulator
- from an individual
- from group of individuals
- None of the above
Option-3 The Delphi technique is a method which invloves getting opinion on a process from group of individuals.
Q-14- When were the Brokers introduced for the first time in Indian insurance market ?
- 2001
- 2002
- 2003
- 2004
Option-3 2003
Q-15- Risk based Internal Audits is effective in ________
- pointing out the deficiencies in operations
- identifying various risks beforehand and helps in remedying the situation
- better monitoring of the system including review of SOP’s thereby leading to be better efficiency in operation
- All of the above
Option-4 All of the above
Q-16- Risk measures are expected to correctly reflect diversification effects and facilitate effective decision making. This is achieved in ____________
- Stress testing measures
- Coherent risk measures
- Full revaluation methods
- VaR conversion methods
Option-2 Coherent risk measures
Q-17- While taking a decision, the category risk profile bucket that would most likely to escape attention of the Management is __________
- High Impact-Low Probability
- High Impact-Low Probability
- Low Impact-Low Probability
- Low Impact-High Probability
Option-1 High Impact-Low Probability
Q-18- Listed below are some of the companies which do only Health Insurance business. Select the Odd one out ?
- Cigna TTK Health Insurance Co. Ltd.
- Max Bupa Health Insurance Co. Ltd.
- Star Health and Allied Insurance Co. Ltd.
- Royal Sundaram Alliance Insurance Co. Ltd.
Option-4 Royal Sundaram Alliance Insurance Co. Ltd.
Q-19- Which of the facilities are provided by ECGC to the exporters ?
- Overseas investment insurance to Indian companies
- Guarantees to banks in respect of loans / advances given to exporters
- Various credit risks insurance covers to Indian exporters against losses suffered due to non payment by buyers abroad
- All of the above
Option-4 All of the above
Q-20- Which of the following insurance pool is not managed by the GIC in India ?
- Liability Pool
- Terrorism Pool
- Marine Hull Pool
- Indian Motor Third Party Insurance Pool
Option-1 Liability Pool
These Insurance GK questions are based on Risk Management and Practices followed in the industry. Awareness of e-IA and practices followed in managing and maintaining various accounting standards.
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