Professional Documents
Culture Documents
funds
age Company ?
a. IndiaFirst Life Insurace
b. Almondz Insurance Brokers
c. Heritage Insurance Brokers
d. Bharat Re- Insurance Brokers
e. Aditya Birla Insurance Broker
Ans : b Almondz Insurance Brokers
10. Which of the following types of companies/organisations issue ULIP?
a.
b.
c.
d.
e.
Insurance companies
Stock brokers
Banks
NABARD
RBI
Ans : a ULIP
11. Which of the following is the only public sector company in the field of lif
e insurance?
a.
b.
c.
d.
e.
Death coverage
Insurance Premium
Life insurance
Savings for future
Provident fund
Ans : b. SBI General Insurance Company Limited is a joint venture between the St
ate Bank of India and Insurance Australia Group (IAG). SBI owns 74% of the total
capital and IAG the remaining 26%.
14. With which of the following did the State Bank of India enter into a joint v
enture agreement for undertaking Life insurance business?
a.
b.
c.
d.
e.
Ans : e . SBI Life Insurance is a joint venture between State Bank of India and
BNP Paribas Cardif. SBI owns 74% of the total capital and BNP Paribas Cardif the
remaining 26%.
15. Which of the following is the regulator of insurance sector in India?
a.
b.
c.
d.
e.
RBI
AMFI
IRDA
SEBI
IRDAI
Ans : b.
17. Which of the following is/are the various types of insurance?
1.
2.
3.
a.
b.
c.
d.
e.
Life insurance
Health insurance
Liability insurance
Only (1)
Only (1) and (2)
Only (2) and (3)
Onnly (1) and (3)
All the three
Ans : e
18. Which of the following public sector companies/organizations provides insura
nce cover to exporters?
a.
b.
c.
d.
e.
RBI
ECGC
NABARD
SIDBI
IRDA
Ans : b
19. What is the minimum paid up capital required for a General Insurance Company
to commence its operations in India ?
a.
b.
c.
d.
e.
200
500
250
100
300
Crore
Crore
Crore
Crore
Crore
HDFC Bank
Kotak Mahindra Bank
ICICI Bank
IDBI Bank
Canara Bank
Ans : b. Kotak Mahindra Bank on 25 November 2014 became first bank in India to f
ully own an insurance business after Reserve Bank of India (RBI) gave permission
to set up a wholly-owned non-life insurance company called Kotak General Insura
nce.
21. Which is the sole reinsurance company in the Indian insurance market ?
a.
b.
c.
d.
e.