Top 80+ Solved Modern Banking and Insurance MCQ Questions Answer

From 76 to 90 of 95

Q. General insurance business Act was passed in

a. 1972

b. 1856

c. 1850

d. 1948.

  • a. 1972

Q. Indian fire insurance was started in the year

a. 1805

b. 1810

c. 1825

d. 1850.

  • c. 1825

Q. In India , fire insurance was started at -----------------

a. madras

b. kolkata

c. cochin

d. mumbai.

  • a. madras

Q. General insurance business act was came in to force from the year

a. 1973 `

b. 1970

c. 1972

d. 1980.

  • a. 1973 `

Q. Find odd one; On the basis of risk insurance can be

a. personal

b. property

c. social insurance

d. guarantee

  • c. social insurance

Q. Burglary insurance firstly developed at-------------------

a. u.k

b. u.s

c. japan

d. france.

  • a. u.k

Q. Burglary insurance firstly developed in ------------------

a. 1887

b. 1857

c. 1882

d. 1779.

  • a. 1887

Q. General insurance were nationalised in the year

a. 1972

b. 1872

c. 1782

d. 1852.

  • a. 1972

Q. When an insurer transfers a part of risks on particular policy by insuring it with someothers. Then it is called---------------

a. insurance

b. association

c. re –insurance

d. mutual companies.

  • c. re –insurance

Q. IRDA was passed in the year

a. 1990

b. 1992

c. 1995

d. 1999.

  • d. 1999.

Q. IRDA permitted co-operative insurance organisation in the year

a. 2000

b. 2002

c. 2004

d. 2005.

  • d. 2005.

Q. The institution which promote international trade

a. sfc

b. icici

c. idbi

d. exim bank.

  • d. exim bank.

Q. Those banking have large scale operations and geographical spreading of risks

a. mixed banking

b. unit banking

c. branch banking

d. chain banking.

  • c. branch banking

Q. The number of banks nationalised in 1969

a. 10

b. 14

c. 16

d. 20.

  • b. 14

Q. Unit banking is referred to as

a. local banking

b. branch banking

c. mixed banking

d. central bank.

  • a. local banking
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