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Insurance Awareness Quiz - Part 4

Published on Tuesday, August 18, 2015
Insurance Awareness Quiz for today :-

insurance quiz

Q1. An extra charge added to premium by an insurance company is called:
a) Penalty
b) File and Surcharges
c) Fine
d) None of These

Q2. We will call it _____if continuation of a policy before it lapse.
a) Open Policy
b) Renewal
c) Inward Policy
d) None of These

Q3. HMO stands for:
a) Health Measurement Organization
b) Health Maintenance Organization
c) Health Measurement Office
d) None of These

Q4. ALE stands for:
a) Arranged Living Expenses
b) Additional Living Expenses
c) Annual Live Expenses
d) None of These

Q5. RBI has a site named_________launched in 2012:
a) Power of Money
b) Paisa Bolta Hai
c) Paise Jod
d) None of These

Q6. RBI's logo/emblem/seal is consisted of a _____tree and a tiger:
a) Palm
b) Black Birch
c) Guava
d) None of These

Q7. The Governor of RBI was ________when it was nationalized in 1949, 2 years after INDEPENDENCE:
a) C.D.  Deshmukh
b) S. Swaminathan
c) A.K. Malhotra
d) None of These

Q8. RBI celebrated 50 years of its existence in:
a) 1986
b) 1985
c) 1988
d) None of These

Q9. In 2010, RBI celebrated its:
a) 73 Years
b) 75 Years
c) 80 Years
d) None of These

Q11. How many acts to be amended as per the New Insurance Bill (2015) are:
a) 3
b) 5
c) 4
d) None of These

Q12. Insurance Amendment Bill 2015 will amend which of the following acts:
a) The General Insurance Business (Nationalization) Act, 1972
b) The Insurance Act, 1938
c) The Insurance Regulatory and Development Authority Act, 1999
d) All of Above
e) None of These

Q13. On__________the Malhotra Committee submitted its recommendations to the finance ministry:
a) 7 January, 1944
b) 11 January, 1945
c) 15 March, 1944
d) None of These

Q14. Insurance Institute of India was established in_______in Mumbai:
a) 1945
b) 1955
c) 1954
d) None of These

Q15. Insurance Institute of India was formerly known as:
a) Indian Insurance Institute
b) Federation of Insurance Institute
c) Insurance in India Institute
d) None of These

Q16. An insured can claim the compensation only up to the extent of actual loss either from any one insurer or all the insurers, this line is linked with:
a) Principle of Subrogation
b) Principle of Indemnity
c) Principle of Contribution
d) None of These

Q17. IRDA was constituted on:
a) 14 April, 2001
b) 19 April, 2000
c) 20 April, 2002
d) None of These

Q18. The main feature of the National Agriculture  Insurance Scheme is to insure which of the following:
a) Animal who are used in agricultural activities 
b) Land of the Farmers
c) Crop of The Farmers
d) None of These

Q19. Moving from a small town to a major metro can increase your risk for auto accidents and also increase your ________:
a) Tax
b) Interest
c)  Life insurance Premium
d) None of These

Q20. I.I.I. stands for:
a) Indian Insurance Institute
b) Insurance Institute of India
c) Insurance in India Institute
d) None of These

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Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

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