Insurance Awareness Quiz - Part 8

Insurance Awareness Quiz for today :-

Q1. "Yogakshemam Vahamyaham" is tagline of which of the following insurance companies:

a) Tata AIA Life Insurance Company Limited 

b) SBI Life Insurance Company Limited 

c) Life Insurance Corporation of India

d) None of These

Q2. 'Insurance Ombudsmen' were introduced in:

a) 1996

b) 1998

c) 2000

d) None of These

Q3. Insurance Ombudsmen were introduced for:

a) Protection of Insurer interests and grievance redressal 

b) Protection of consumer interests and grievance redressal

c) Both of Above

d) None of These

Q4. In 1818, ______was started:

a) United India Insurance Company

b) Oriental Life Insurance Company

c) National Insurance Company 

d) None of These

Q5. FDI  limit in insurance sector is:

a) 43%

b) 49%

c) 50%

d) None of These

Q6. FII stands for:

a) Fixed Investment in Insurance

b) Foreign Institutional Investors

c) Foreing Investment Institutions 

d) None of These

Q7. FDI was introduced in India way back in _____:
a) 1991

b) 1995

c) 1992

d) None of These

Q8. In 1991, FDI was introduced, that time Finance Minister was:

a) Manmohan Singh

b) Amar Dharamlingam Anathpliam 

c) U.K. Sinha

d) None of These

Q9. The policy assigning creditor as beneficiary for insurance on a debtor thereby remitting balance of payment to creditor upon death of debtor is known as:

a) Creditor Claim Life Insurance

b) Outstanding Life Insurance

c) Credit Life Insurance

d) None of These

Q10. A refund of a portion of the premium paid by the insured from insurer surplus is called:

a) Interest

b) Dividend

c) Bonus 

d) None of These

Q11. ERISA stands for:

a) Employee Retirement Income Security Act 

b) Employee Re-Insurance Security Act

c) Employee Retrenchment Income Security Act

d) None of These

Q12. Employee Retirement Income Security Act was launched in:

a) 1975

b) 1974

c) 1976

d) None of These

Q13. GAAP refers to:

a) Generally All Accepted Principles 

b) Generally Accepted Accounting Principles

c) Generally Acquired Accounting Principls

d) None of These

Q14. HMO stands for:

a) Health Making Organization

b) Health Maintenance Organization

c) Heavy Maintenance Organization 

d) None of These

Q15. A medical group plan that provides physician, hospital and clinical services to participating members in exchange for periodic flat fee is linked with:

a) MMO

b) HMO

c) BMO

d) None of These


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