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INSURANCE AWARENESS MCQs

Total Questions : 92 | Page 7 of 10 pages
Question 61. Which is the first Indian Commercial Bank that was fully owned and managed by Indians?
  1.    State Bank of India
  2.    Allahabad Bank
  3.    Central Bank of India
  4.    Canara Bank
 Discuss Question
Answer: Option C. -> Central Bank of India




Question 62. Which was the first Indian bank started solely with Indian Capital?
  1.    Punjab National Bank
  2.    Andhra Bank
  3.    Indian Overseas Bank
  4.    Syndicate Bank
 Discuss Question
Answer: Option A. -> Punjab National Bank




Question 63. Which bank has started as a private shareholders bank, mostly by European shareholders?
  1.    Bank of India
  2.    Bank of Baroda
  3.    Dena Bank
  4.    Imperial Bank of India
 Discuss Question
Answer: Option D. -> Imperial Bank of India




Question 64. In which city the head office of Corporation Bank is situated?
  1.    Bengaluru
  2.    Mumbai
  3.    Mangalore
  4.    Kolkata
 Discuss Question
Answer: Option C. -> Mangalore




Question 65. Which of the following statements is/are true about NABARD?
  1.    It is a development bank in the sector of Regional Rural Banks in India.
  2.    It provides and regulates credits in the rural area.
  3.    It gives assistance for the promotion and development of rural sectors, mainly agriculture.
  4.    It finances rural crafts.
  5.    All of these.
 Discuss Question
Answer: Option E. -> All of these.




Question 66. Which one of the following does not belong to the main products of life insurance?
  1.    Term
  2.    Whole life
  3.    Endowment
  4.    Personal accident insurance
 Discuss Question
Answer: Option D. -> Personal accident insurance




Question 67. When did insurance begin in Babylon?
  1.    1750 BC
  2.    1907 BC
  3.    1971 BC
  4.    2000 BC
 Discuss Question
Answer: Option A. -> 1750 BC




Question 68. When was Life Insurance sector nationalised?
  1.    1947
  2.    1951
  3.    1956
  4.    1959
 Discuss Question
Answer: Option C. -> 1956




Question 69. Which one of the following does not belong to the major general insurance private sector companies in India?
  1.    Reliance General Insurance
  2.    The Oriental Insurace Company
  3.    Bajaj Allianz General Insurance
  4.    Royal Sundaram Alliance Insurance
 Discuss Question
Answer: Option B. -> The Oriental Insurace Company


New India Assurance Company Limited, National Insurance Company Limited, The Oriental Insurance Company, United India Insurance, Agricultural Insurance Company of India are the major general insurance companies in India. Bajaj Allianz General Insurance, ICICI Lombard General Insurance, IFFCO-Tokio General Insurance, Reliance General Insurance, Royal Sundaram Alliance Insurance, TATA AIG General Insurance, Cholamandalam General Insurance, HDFC Ergo are the major general insurance private sector companies in India.


Question 70. When was the Oriental Life Insurance Company established?
  1.    1815
  2.    1818
  3.    1821
  4.    1833
 Discuss Question
Answer: Option B. -> 1818


The first life insurance company started functioning in India was Oriental Life Insurance Company.


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