Insurance Awareness Quiz for LIC AAO
Q1.Insurance is listed in which schedule of the Indian constitution ?
(a)Eighth Schedule
(b)Sixth Schedule
(c)Seventh Schedule
(d)Fifth Schedule
(e)None of these
Q2.Which of the following will provide “insurance repository” services ?
(a)LIC
(b)EXIM Bank
(c)RBI
(d)IRDA
(e)None of these
Q3.Which act was the first legislation governing all forms of insurance to provide strict state control over insurance business ?
(a)Insurance Act of 1938
(b)General Insurance Business Act of 1972
(c)Life Insurance Corporation Act
(d)Insurance Act of 1988
(e)None of thes
Q4.The Institute of Insurance and Risk Management is located in _________________
(a)Chennai
(b)Mumbai
(c)New Delhi
(d)Hyderabad
(e)None of these
Q5.In which year, the Actuaries Act was passed by Indian government ?
(a)2000
(b)2006
(c)1999
(d)1985
(e)None of these
Q6.The Indian insurance industry is governed by which of the following act ?
(a)IRDA Act 1999
(b)Life Insurance Corporation Act, 1956
(c)General Insurance Business(Nationalisation) Act, 1972
(d)Insurance Act, 1978
(e)All of these
Q7.The head office of Insurance Institute of India is in
(a)Mumbai
(b)Bengaluru
(c)Chennai
(d)New Delhi
(e)None of these
Q8.In which state, the Institute of Actuaries of India is situated ?
(a)Karnataka
(b)Maharashtra
(c)Gujarat
(d)New Delhi
(e)None of these
Q9.What is the minimum capital required to set up an insurance business ?
(a)Rs.500 Cr
(b)Rs.100 Cr
(c)Rs.200 Cr
(d)Rs.400 Cr
(e)None of these
Q10.National Insurance Academy is located in which city of India ?
(a)Pune
(b)Ahmedabad
(c)Bengaluru
(d)Kolkata
(e)None of these
