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GK MCQs Section

Page-39 of Archives: June, 2015

On which date, nationalisation of private insurance sector in India took place?

On which date, nationalisation of private insurance sector in India took place? [A]January 19,1956 [B]August 16,1956 [C]November14,1956 [D]September 1, 1956 Show Answer January 19,1956 On January 19,1956, the...

June 3, 2015

Which was the first Life Insurance company in India?

Which was the first Life Insurance company in India? [A]India Life Assurance company [B]New India Life Assurance company [C]Royal Insurance company [D]Oriental Life Insurance company Show Answer Oriental...

June 3, 2015

Where are the headquarters of IrDA?

The headquarters of IRDA is located in – [A]Delhi [B]Mumbai [C]Chennai [D]Hyderabad Show Answer Hyderabad The headquarters of Insurance Regulatory and Development Authority (IRDA) of India is located...

June 3, 2015

In which year, Insurance Regulatory and Development Authority (IrDA) was constituted?

In which year, Insurance Regulatory and Development Authority (IrDA) was constituted? [A]1999 [B]1998 [C]1997 [D]1996 Show Answer 1999 Insurance Regulatory and Development Authority (IRDA) was constituted in 1999...

June 3, 2015

What is covered in Hospitalization Insurance policy?

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 Benefit...

June 3, 2015

What is Project Panchdeep?

Which project is to provide health and social security services to members of ESIC through a national digital network? [A]Project Dhanvantri [B]Project Milap [C]Project Pragati [D]Project Panchdeep Show...

June 3, 2015

Under which section of Income Tax Act, the insured person can claim for tax deduction for the amount invested in insurance?

Under which section of Income Tax Act, the insured person can claim for tax deduction for the amount invested in insurance? [A]section 80D [B]section 81D [C]section 83D [D]section...

June 3, 2015

Foundation date of LIC of India?

On which date, Life Insurance Corporation of India (LIC) was established? [A]January 19,1956 [B]September 1,1956 [C]August 19,1956 [D]December 1,1956 Show Answer September 1,1956 As per the Life Insurance...

June 3, 2015

What does ‘CMO’ stands for?

What does ‘CMO’ stands for? [A]Collateralized Mortgage Obligation [B]Collateral Mortgage Obligation [C]Collective Mortgage Obligation [D]Concentrated Mortgage Obligation Show Answer Collateralized Mortgage Obligation Collateralized Mortgage Obligations (CMOs) are a...

June 3, 2015

What is Policy Lapse in Insurance?

Which term refers to termination of a policy due to failure to pay the required renewal premium. [A]Actuary [B]Annuity [C]Policy Lapse [D]CMO Show Answer Policy Lapse Policy Lapse...

June 3, 2015

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