Banking Awareness Quiz - IRDAI

Banking Awareness Quiz for today :-
irdai

Q1. IRDAI stands for:
a) Insurance Regulatory and Development Authority of India
b) Investment Regulatory and Development Authority of India
c) Insurance Reforms and Development Authority of India
d) None of The Above



Q2. Headquarter of IRDAI is located at:
a) Hyderabad
b) New Delhi
c) Mumbai 
d) None of The Above


Q3. IRDAI is an autonomous body set up under the _______:
a) IRDA Act, 1999
b) IRDA Act, 2000
c) IRDA Act, 1995
d) None of The Above


Q4. Which among the following is correct about IRDA's mission:
a) To protect the interest of policy holders
b) To regulate and develop the insurance industry
c) Both of Above
d) None of The Above

Q5. Chairman of IRDAI is:
a) Ujwal Bir Singh
b) Rakesh Sethi
c) T.S. Vijayan
d) None of The Above

Q6. Initially, head office of IRDAI was at:
a) Delhi
b) Mumbai
c) Gujarat
d) None of The Above

Q7. Head office of IRDAI was transferred from Delhi to Hyderabad in ______:
a) 2002
b) 2004
c) 2001
d) None of The Above

Q8. Now the FDI limit in insurance sector is______:
a) 47%
b) 49%
c) 50%
d) None of The Above

Q9. Who announced the term insurance repository system in India:
a) Prime Minister 
b) Finance Minister 
c) T.S. Vijayan
d) None of The Above

Q10. Insurance Repository is:
a) It is a facility to help policy holders.
b) It provides the facility, buy and keep insurance policies in electronic form rather than as a paper document
c) Insurance repositories like share depositories or mutual fund transfer agencies will hold electronic records of insurance policies issued to individuals and such policies are called "electronic policies" or "e - policies"
d) All of The Above
e) None of The Above

Q11. In 1818, _________company was established:
a) Oriental Life Insurance Company
b) Britain Insurance Company 
c) Standard Insurance Company Limited 
d) None of The Above

Q12. Oriental Life Insurance company was established at:
a) Delhi
b) Lahore
c) Calcutta 
d) None of The Above


Q13. An Ordinance was issued on ________nationalizing the Life insurance sector:
a)  19 July, 1956
b) 19 January, 1956
c) 2 October, 1956
d) None of The Above


Q14. Life Insurance Corporation (LIC) was came into existence in_______:
a) 1955
b) 1956
c) 1957
d) None of The Above

Q15. Which among the following is correct about LIC's absorption:
a) 154 Indian insurers 
b) 16 non - Indian Insurers and 75 provident societies 
c) 245 Indian and foreign insurers in all 
d) All of The Above
e) None of The Above


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