{"id":8630,"date":"2017-10-31T12:18:59","date_gmt":"2017-10-31T06:48:59","guid":{"rendered":"http:\/\/race4job.com\/blog\/?p=8630"},"modified":"2017-10-31T12:18:59","modified_gmt":"2017-10-31T06:48:59","slug":"awareness-quiz-mains-2017","status":"publish","type":"post","link":"https:\/\/www.race4job.com\/blog\/awareness-quiz-mains-2017\/","title":{"rendered":"Awareness Quiz Mains 2017"},"content":{"rendered":"

Q1. _____________ a\/an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.<\/span>
\n(a) Insurance<\/span>
\n(b) Banking<\/span>
\n(c) Market Risk<\/span>
\n(d) Premium<\/span>
\n(e) Prompt Corrective Action (PCA)<\/span><\/p>\n

S1. Ans.(a)<\/span>
\nSol. Insurance is an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium.<\/span><\/p>\n

 <\/p>\n

Q2. In which among the following year the Life Insurance sector and Life Insurance Corporation came into existence?<\/span>
\n(a) 1949<\/span>
\n(b) 1935<\/span>
\n(c) 1951<\/span>
\n(d) 1962<\/span>
\n(e) 1956<\/span><\/p>\n

S2. Ans.(e)<\/span>
\nSol. An Ordinance was issued on 19th January, 1956 nationalising the Life Insurance sector and Life Insurance Corporation came into existence in the same year.<\/span><\/p>\n

 <\/p>\n

Q3. IRDA was constituted as an _________ to regulate and develop the insurance industry in 1999.<\/span>
\n(a) Regulatory body<\/span>
\n(b) Amendment body<\/span>
\n(c) autonomous body<\/span>
\n(d) All of the above<\/span>
\n(e) None of the given options is true<\/span><\/p>\n

S3. Ans.(c)<\/span>
\nSol. Insurance Regulatory and Development Authority (IRDA) set up as autonomous body under the IRDA Act in 1999.<\/span><\/p>\n

Q4. Where is the head office of United India Insurance Company Limited?<\/span>
\n(a) Pune<\/span>
\n(b) Kolkata<\/span>
\n(c) Mumbai<\/span>
\n(d) New Delhi<\/span>
\n(e) Chennai<\/span><\/p>\n

S4. Ans.(e)<\/span>
\nSol. Chennai, Tamil Nadu is the head office of United India Insurance Company Limited<\/span><\/p>\n

 <\/p>\n

Q5. Who is the present Chairman cum Managing Director of Oriental Insurance Company Ltd?<\/span>
\n(a) VK Sharma<\/span>
\n(b) A V Girija Kumar<\/span>
\n(c) G Srinivasan<\/span>
\n(d) Alamelu T Lakshmanachari<\/span>
\n(e) None of the given options is true<\/span><\/p>\n

S5. Ans.(b)<\/span>
\nSol. A V Girija Kumar is the present Chairman cum Managing Director of New Delhi based Oriental Insurance Company Ltd<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Q1. _____________ a\/an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium. (a) Insurance (b) Banking (c) Market Risk (d) Premium (e) Prompt Corrective Action (PCA) S1. Ans.(a) Sol. Insurance is an arrangement by […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8630","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/posts\/8630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/comments?post=8630"}],"version-history":[{"count":1,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/posts\/8630\/revisions"}],"predecessor-version":[{"id":8631,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/posts\/8630\/revisions\/8631"}],"wp:attachment":[{"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/media?parent=8630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/categories?post=8630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.race4job.com\/blog\/wp-json\/wp\/v2\/tags?post=8630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}