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Best 500 Insurance Awareness MCQs PDF Recommend for LIC AAO/ ADO & All Other Insurance Exams

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1. The Life Insurance Companies Act was passed in

b. 176

which year?

c. 245

a. 1919

d. 125

b. 1912

e. None of these

c. 1900

5. The central office of the Life Insurance

d. 1902 e. None of th 2. The Life I came into ex a. 1962 b. 1949 c. 1956

6. In which year, the Indian Life Assurance

d. 1947

Companies Act came into force ?

e. None of these

a.1910

3. The Life Insurance Business in India was

b.1932

nationalized in which year?

c.1920

a. 1956

d.1912

b. 1949

e. None of these

c. 1938

7. In which year New India Assurance Co Ltd was

d. 1962

found?

e. None of these

a. 1918

4. How many insurance companies were merged to

b. 1818

form the Life Insurance Corporation of India?

c. 1919

a. 200

d. 1945

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Best 500 Insurance Awareness MCQs PDF Recommend for LIC AAO/ ADO & All Other Insurance Exams e. None of these

12. Which among the following is the first Indian

8. What percent shares of New India Assurance Co

life insurance company to begin operations in India?

Ltd is owned by Government of India?

a. Bombay Mutual Life Assurance Society

a. 50%

b. Empire of India Life Assurance Company

b. 85%

c. Albert Life Assurance

c. 99.4%

d. Royal Insurance

d. 100%

e. None of these

e. None of these

13. Which among the following is the oldest existing insurance company in India?

9. In which year New India Assurance Co Ltd

a. National Insurance Company

nationalized a. 1945 b. 1947 c. 1973 d. 1969

mpany in

e. None of th 10. The life insurance business in India was first

a. ECGC Ltd

started in which year?

b. United India Insurance Company Limited

a. 1827

c. Indian Mercantile Insurance Ltd

b. 1845

d. Triton Insurance Company Ltd

c. 1818

e. None of these

d. 1832

15. The Insurance Act to govern both life insurance

e. None of these

and non-life insurance was passed in which year?

11. Name the first life insurance company to

a. 1929

function in India?

b. 1938

a. United India Insurance Company

c. 1949

b. Bombay Mutual Life Assurance Society

d. 1934

c. Agriculture Insurance Company of India

e. None of these

d. Oriental Life Insurance Company

16. The General Insurance Business in India was

e. None of these

nationalized in which year?

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Best 500 Insurance Awareness MCQs PDF Recommend for LIC AAO/ ADO & All Other Insurance Exams a. 1951

c. 1936

b. 1962

d. 1949

c. 1973

e. None of these

d. 1949

21. The General Insurance Corporation of India

e. None of these

(GIC) was notified as the Indian Reinsurer in which

17. IRDAI Act was passed in which year by the

year?

Government of India?

a. 2014

a. 1992

b. 1987

b. 2002

c. 1999

c. 2000

d. 2000

d. 1999 e. None of th

insurance

18. The IRD on? a. 30 April 2 b. 01 July 20 c. 31 December 1999

d. New India Assurance

d. 19 April 2000

e. None of these

e. None of these

23. In 1818, India’s first insurance company

19. How many public sector life insurance

Oriental Life Insurance Company has established in

companies are functional in India?

which city?

a. 1

a. New Delhi

b. 2

b. Mumbai

c. 3

c. Kolkata

d. 4

d. Pune

e. None of these

e. None of these

20. The Indian Insurance Companies Act was

24. Which insurance company is the first general

enacted in which year?

insurance company in India ?

a. 1912

a. The Oriental Insurance Company

b. 1928

b. GIC Re

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Best 500 Insurance Awareness MCQs PDF Recommend for LIC AAO/ ADO & All Other Insurance Exams c. New India Assurance

e. None of these

d. Triton Insurance Company Ltd

29. Which act was the first legislation governing all

e. None of these

forms of insurance to provide strict state control

25. In which year the General Insurance Business

over insurance business?

Nationalization Act was passed in India?

1. Insurance Act of 1938

a.1972

2. General Insurance Business Act of 1972

b.1980

3. Life Insurance Corporation Act

c.1991

4. Insurance Act of 1988

d.1985

5. None of these

e. None of these

30. In which year, the Actuaries Act was passed by

26. The Insu ______ sche a.10, 100 b.8, 120 c.120, 8 d.17, 110 e. None of these

31. The Indian insurance industry is governed by

27. Which of the following is the biggest non-life

which of the following act ?

insurer in the entire Afro-Asia region ?

a. IRDA Act 1999

a. Life Insurance Corporation of India

b. Life Insurance Corporation Act, 1956

b. General Insurance Company

c. General Insurance Business (Nationalization) Act,

c. United India Insurance Company

1972

d. New India Assurance

d. Insurance Act, 1978

e. None of these

e. All of these

28. Insurance is listed in which schedule of the

32. The Oriental Insurance Company Ltd was

Indian constitution ?

founded in which year?

a. Eighth Schedule

a. 1929

b. Sixth Schedule

b. 1952

c. Seventh Schedule

c. 1938

d. Fifth Schedule

d. 1947

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Best 500 Insurance Awareness MCQs PDF Recommend for LIC AAO/ ADO & All Other Insurance Exams e. None of these

37. The General Insurance Corporation of India

33. The General Insurance Corporation of India

(GIC) was incorporated as a private company under

(GIC. was converted into a national re-insurer in

which act?

which year?

a. Insurance Act 1938

a. 1995

b. General Insurance Business (Nationalization) Act,

b. 2000

1972

c. 2014

c. Companies Act, 1956

d. 1999

d. Insurance Regulatory and Development Authority

e. None of these

Act, 1999

34. How many companies were merged to form the

e. None of these

United India

e Health

a. 12 b. 19 c. 22 d. 20 e. None of th 35. The General Insurance Business

e. None of these

(Nationalization) Amendment Act was passed in

39. The New India Assurance Company Ltd is what

which year?

type of company?

a. 2000

a. General Insurance Company

b. 2002

b. Life Insurance Company

c. 1999

c. Pension Regulator

d. 1998

d. Asset Reconstruction Company

e. None of these

40. The United India Insurance Company (UIIC)

36. GIC was founded on?

Limited was incorporated on?

a. 1 July 1938

a. 31 December 1919

b. 31 January 1994

b. 25 January 1946

c. 25 April 1959

c. 18 February 1938

d. 22 November 1972

d. 09 March 1952

e. None of these

e. None of these

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Best 500 Insurance Awareness MCQs PDF Recommend for LIC AAO/ ADO & All Other Insurance Exams 41. UIIC was nationalized in which year?

b. Section 3C(11)

a. 1956

c. Section 1(11)

b. 1972

d. Section 4A(11)

c. 1999

e. None of these

d. 2000

46. The Agriculture Insurance Company of India

e. None of these

Limited (AIC) was set up in which year?

42. The Oriental Insurance Company Limited was

a. 1982

incorporated in which year?

b. 1999

a.15 July 1938

c. 2002

b. 30 April 1942

d. 2014

c. 21 January d. 12 Septem

d to

e. None of th

sitory

43. The Agr Limited was a. 6 August 1 b. 29 October 1997

c. United Kingdom

c. 12 February 2000

d. France

d. 20 December 2002

e. None of these

e. None of these

48. Which of the following is the first Indian Life

44. The insurance law in India has its origin from

Insurance Company established in India?

which country?

a. Oriental Life Insurance Company

a. France

b. Bombay Mutual Life Assurance Company

b. United Kingdom

c. Life Insurance Corporation

c. United States

d. Empire of India

d. Russia

e. None of these

e. None of these

49 . The headquarters of LIC is located in?

45. The Life Insurance Business is defined in which

a. Mumbai

section of the Insurance Act, 1938?

b. Chennai

a. Section 2(11)

c. Pune

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Best 500 Insurance Awareness MCQs PDF Recommend for LIC AAO/ ADO & All Other Insurance Exams d. Hyderabad

Answer

e. None of these 50. Which government body regulates Insurance Industry? a. NFCG b. IRDAI c. CII d. FICCI e. None of these

d in? b. Chennai c. Pune d. Hyderabad e. None of these 52. The headquarters of National Insurance Company Ltd (NIC)is located in? a. Mumbai b. Chennai c. Pune d. Kolkata e. None of these 53. The headquarters of New India Assurance is located in? a. Mumbai Page 7 of 92 Join Our Telegram Group to Get Instant Notifications, Study Materials, Quizzes & PDFs: https://t.me/exampunditofficial For Quality Study Materials & Practice Quiz Visit: www.exampundit.in | For Free PDF Materials Visit: pdf.exampundi.in

Best 500 Insurance Awareness MCQs PDF Recommend for LIC AAO/ ADO & All Other Insurance Exams b. Chennai

c. Pune

c. Pune

d. Hyderabad

d. Hyderabad

e. None of these

e. None of these

58. The headquarters of General Insurers Public

54. The headquarters of United India Insurance Ltd

Sector Association of India (GIPSA) is situated in ?

is located in?

a. New Delhi

a. Mumbai

b. Bengaluru

b. Chennai

c. Mumbai

c. Pune

d. Kolkata

d. Hyderabad

e. None of these

e. None of th

e of India is

55. The head Company is a. Mumbai b. New Delh c. Pune

e. None of these

d. Hyderabad

60. National Insurance Academy is located in which

e. None of these

city of India?

56. The headquarters of Agriculture Insurance

a. Pune

Company is located in?

b. Ahmedabad

a. Mumbai

c. Bengaluru

b. New-Delhi

d. Kolkata

c. Pune

e. None of these

d. Hyderabad

61. The Institute of Insurance and Risk

e. None of these

Management is located in?

57. The headquarters of Export Credit Guarantee

a. Chennai

Corporation of India is located in?

b. Mumbai

a. Mumbai

c. New Delhi

b. New-Delhi

d. Hyderabad

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Best 500 Insurance Awareness MCQs PDF Recommend for LIC AAO/ ADO & All Other Insurance Exams e. None of these

66. Where is the headquarters of Birla Sun Life

62. The sole national re-insurer of India, General

Insurance Co. Ltd located?

Insurance Corporation of India (GIC Re) has its

a. Mumbai

headquarter at?

b. Chennai

a. New Delhi

c. Pune

b. Mumbai

d. Bengaluru

c. Kolkata

67. Where is the headquarters of PNB Metlife India

d. Chennai

Insurance Co. Ltd. located?

e. None of these

a. Pune

63. Where is the headquarters of Bajaj Allianz Life

b. Mumbai

Insurance C a. Mumbai b. Gurugram c. Pune

Standard

d. Bengaluru e. None of th 64. Where is the headquarters of Exide Life

b. Pune

Insurance Co. Ltd. located?

c. Gurgaon

a. Mumbai

d. Bengaluru

b. New Delhi

e. None of these

c. Gurgaon

69. Where is the headquarters of Tata AIA Life

d. Bengaluru

Insurance Co. Ltd. located?

e. None of these

a. Mumbai

65. Where is the headquarters of SBI Life Insurance

b. Hyderabad

Co. Ltd located?

c. Pune

a. Ahmedabad

d. Bengaluru

b. Jaipur

e. None of these

c. Mumbai

70. Where is the headquarters of ICICI Prudential

d. Pune

Life Insurance Co. Ltd located?

e. None of these

a. New Delhi

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Best 500 Insurance Awareness MCQs PDF Recommend for LIC AAO/ ADO & All Other Insurance Exams b. Pune

c. Gurgaon

c. Mumbai

d. Bengaluru

d. Gurgaon

e. None of these

e. None of these

75. Where is the headquarters of Max Life Insurance Co. Ltd located?

71. Where is the headquarters of Reliance Nippon

a. Mumbai

Life Insurance Co. Ltd. located?

b. Chennai

a. Mumbai

c. Gurgaon

b. Jaipur

d. Bengaluru

c. Pune

e. None of these

d. Bengaluru

ederal Life

e. None of th 72. Where is Old Mutual a. New Delh b. Jaipur c. Pune

e. None of these

d. Mumbai

77. Where is the headquarters of Bharti AXA Life

e. None of these

Insurance Co. Ltd. located?

73. Where is the headquarters of Aviva Life

a. Ahmedabad

Insurance Company India Limited located?

b. Jaipur

a Mumbai

c. Mumbai

b. Agra

d. Hyderabad

c. Gurgaon

e. None of these

d. Lucknow

78. Where is the headquarters of Canara HSBC

e. None of these

Oriental Bank of Commerce Life Insurance Co. Ltd.

74. Where is the headquarters of Shriram Life

located?

Insurance Co. Ltd. located?

a. New Delhi

a. Lucknow

b. Chennai

b. Hyderabad

c. Hyderabad

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Best 500 Insurance Awareness MCQs PDF Recommend for LIC AAO/ ADO & All Other Insurance Exams d. Bengaluru

83. Where is the headquarters of DHFL Pramerica

e. None of these

Life Insurance Co. Ltd. located?

79. Where is the headquarters of Future Generali

a. Mumbai

India Life Insurance Co. Ltd. located?

b. Hyderabad

a. New Delhi

c. Gurgaon

b. Jaipur

d. Bengaluru

c. Pune

e. None of these

d. Mumbai

84. Where is the headquarters of IFFCO Tokio

e. None of these

General Insurance Co. Ltd. located?

80. Where is the ...