Banking Awareness Based on Insurance Companies | Daily Banking Awareness Quiz

Banking Awareness Based on Insurance companies  | Daily Banking Awareness Quiz 2

Banking Awareness is the most important subject in the mains examinations of bank and insurance exams.  Insurance companies is a very vital topic of the Banking awareness section. Insurance companies is a very scoring topic. We are providing  Insurance companies quiz based on the banking awareness syllabus. This  Insurance companies quiz provided on our website can be helpful for different exams such as IBPS PO, SBI PO, RRB PO, IBPS clerk, SBI clerk. This Insurance companies quiz on our website comes with analysis and explanation highlighting important areas of Banking awareness.

Q1.Insurance companies collect a fixed amount from their customers at a fixed interval of time. This amount is called as-
(a)EMI
(b)Installment
(c)Service
(d)Interest
(e)Premium

Q2.Which Insurance company has been recognised amongst the Top 75 Most Valuable Indian Brands 2020?
(a)Bharti AXA Life
(b)Tata AIA Life
(c)ICICI Prudential Life
(d)Bajaj Allianz Life
(e)HDFC Life

Q3.___________ won the ‘Best Fraud Intelligence’ award at the 5th Annual Insurance India Summit & Awards 2020-
(a)Bharti AXA Life
(b)Tata AIA Life
(c)ICICI Prudential Life
(d)Bajaj Allianz Life
(e)HDFC Life

Q4.Which is a/are types of Insurance?
(a)Life Insurance
(b)Motor insurance
(c)Health insurance
(d)Travel insurance
(e)All of the above

Q5.Which is Not a type of Life Insurance Policy?
(a)Term Plan
(b)Senior Citizen Plan
(c)Endowment Plan
(d)Unit Linked Insurance Plans
(e)Whole Life Insurance

Q6.No Claim Bonus refers to-
(a)A discount that is offered to policyholders for every non claim year of a health or a motor insurance company
(b)A document used by a company’s accounts payable department containing the supporting documents for an invoice
(c)A negotiable instrument that contains an unconditional order to the bank to pay a certain sum mentioned in the instrument
(d)A valuation method used to estimate the value of an investment based on its expected future cash flows
(e)All of the above

Q7.”Aapatkale Rakshisyami” is the Slogan of which Insurance Company?
(a)Life Insurance Corporation of India
(b)General Insurance Corporation of India
(c)Oriental Insurance Company
(d)United India Insurance Company
(e)New India Assurance Company

Q8.Actuarial science is associated to?
(a)Banking
(b)ATMs
(c)Insurance
(d)Space Technology
(e)All of the above

Q9.HDFC Life Insurance Company, one of the top insurance companies in India is a joint venture between HDFC Ltd., India’s leading housing finance institution and –
(a)Mitsui Sumitomo Insurance Company
(b)AIA Group Limited
(c)Bharti Enterprises
(d)Standard Life Aberdeen
(e)BNP Paribas Cardif

Q10.Aviva Life Insurance Company is a joint venture between Aviva plc, a British Assurance Company and-
(a)Reliance Jio
(b)TCS
(c)Dabur Group
(d)Bharti Enterprises
(e)Mitsui Sumitomo Insurance Company

Attempt More Banking Awareness Quiz Topic wise

Recommended PDF’s:

• Computer Capsule for RBI Assistant Mains 2020 : Download PDF
• Quantitative Aptitude Topic-Wise Online Test Series 2020
• Banking Awareness (Theory+MCQ’s) Complete PDF : Download Now