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Structure of Insurance Market
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5
1.
Which of the following is the primary objective of IRDAI?
To regulate capital markets
To issue government bonds
To promote competition and ensure fair treatment of policyholders
To manage foreign direct investment
2.
What are the two main segments of the insurance market in India?
Life insurance and motor insurance
General insurance and crop insurance
Life insurance and general insurance
Marine insurance and fire insurance
3.
Which of the following is a life insurance company in India?
New India Assurance
United India Insurance
LIC of India
Oriental Insurance
4.
Which of the following public sector general insurance companies operates in India?
HDFC Life Insurance
SBI Life Insurance
National Insurance Company
ICICI Prudential Life Insurance
5.
Which public sector insurance company is the largest life insurer in India?
LIC of India
New India Assurance
United India Insurance
Oriental Insurance
Submit Test
These questions are part of Banking Awareness - 2025-26 course in GKToday's Android Application. The Course comprises 2400+MCQs on Banking & General Financial Awareness with explanation for All Banking Exams of 2025-26 such as IBPS Bank PO, IBPS Bank Clerical, RRB PO and Clerical, SBI PO and SBI Clerical, IBPS Recruitments, RBI Grade B and RBI Banking Examinations.
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