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Page-38 of Archives: June, 2015

Irwin Rose, 2004 Nobel Chemistry winner passes away

Renowned biochemist Irwin Rose who was awarded 2004 Nobel Prize in Chemistry for discovering molecule Ubiquitin passed away. He was 88. He had shared this noble prize with...

June 3, 2015

Union Government launches IAP HealthPhone programme

Union Government has launched IAP HealthPhone programme, world’s largest digital mass education programme to address malnutrition in women and children. It was launched by Union Minister of Women...

June 3, 2015

Life insurance Corporation gets clearance to do business in Bangladesh

Bangladesh has granted permission to India’s state-owned insurance group Life insurance Corporation (LIC) to do business in the country. It was announced by M Shefaq Ahmed, Chairman of...

June 3, 2015

Advances made by Man in New Stone Age

About 8000 B.C. another period in man’s progress toward civilization began. This was the Middle Stone Age, or the Mesolithic period. Before the beginning of this age, the...

June 3, 2015

Insurance Sector in India: Quiz-3

1. In context of heath insurance, under which policy the insurer pays the total or partial amount of the insured person’s hospital bills? [A]Hospitalization policy [B]Hospital Daily Cash...

June 3, 2015

Insurance Sector in India: Quiz-2

1. What do we call the money charged for the insurance coverage? [A]Policy Lapse [B]Morbidity Risk [C]Premium [D]Package Policy Answer: PremiumNotes: Premium is the money charged for the...

June 3, 2015

Insurance Sector in India: Quiz-1

1. What are the main functions performed by the IRDA? [A]Protect the rights of policy holders [B]Adjudication on insurance related matters [C]Promoting insurance business [D]All of these Answer:...

June 3, 2015

In which year, the General Insurance Corporation of India (GIC) was incorporated as a company?

In which year, the General Insurance Corporation of India (GIC) was incorporated as a company? [A]1971 [B]1972 [C]1973 [D]1974 Show Answer 1971 The General Insurance Corporation of India...

June 3, 2015

On which date, general insurance business in India was nationalized?

On which date, general insurance business in India was nationalized? [A]January 1,1973 [B]February 1,1973 [C]May 1,1973 [D]April 1,1973 Show Answer January 1,1973 In January 1,1973, the general insurance...

June 3, 2015

In which year, Indian Insurance Companies Act was enacted?

In which year, Indian Insurance Companies Act was enacted? [A]1928 [B]1929 [C]1938 [D]1939 Show Answer 1928 In 1928, Indian Insurance Companies Act was enacted that enabled the Government...

June 3, 2015

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