Top 250+ Solved Basics of Banking and Insurance MCQ Questions Answer

From 181 to 195 of 225

Q. Which of the following contract is not legally enforceable

a. contract of insurance

b. contract of guarantee

c. wagering contract

d. contract of indemnity

  • c. wagering contract

Q. ................. is a document which provides evidence of the contract of insurance

a. proposal form

b. policy form

c. cover note

d. certificate of insurance

  • a. proposal form

Q. General Insurance Corporation was established in the year

a. 1956

b. 1972

c. 1955

d. 1971

  • a. 1956

Q. General insurance business was nationalised under

a. gibn act.1971

b. gibn act.1972

c. gibn act.1973

d. gibn act.1974

  • b. gibn act.1972

Q. The head quarters of New India Assurance Co. Ltd is

a. new delhi

b. mumbai

c. kolkata

d. chennai

  • b. mumbai

Q. The Head quarters of Oriental Insurance Co.ltd is

a. new delhi

b. mumbai

c. kolkata

d. chennai

  • a. new delhi

Q. The Head office of National Insurance Co. Ltd is

a. new delhi

b. mumbai

c. kolkata

d. chennai

  • c. kolkata

Q. The Head office of United India Insurance Co. Ltd is

a. new delhi

b. mumbai

c. kolkata

d. chennai

  • d. chennai

Q. Life insurance in its present form came to India from

a. uk

b. usa

c. canada

d. germany

  • a. uk

Q. LIC was set up in the year

a. 1824

b. 1823

c. 1822

d. 1821

  • b. 1823

Q. LIC was nationalised in the year

a. 1951

b. 1952

c. 1954

d. 1956

  • d. 1956

Q. The term “Assurance’ refers........

a. life insurance

b. fire insurance

c. marine insurance

d. none of these

  • a. life insurance

Q. The Oriental Life Insurance Company came to India during

a. 1919

b. 1818

c. 1899

d. 1888

  • b. 1818

Q. The policies where the premium is payable throughout the life of the assured is called

a. whole life policy

b. renewable term policy

c. sinking fund policy

d. annuity policy

  • a. whole life policy

Q. With Profit policy is also known as.......

a. multiple life policy

b. participating policy

c. level premium policy

d. lump sum policy

  • b. participating policy
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