Insurance Awareness Quiz Set-1

    Insurance Awareness Quiz
    Insurance Awareness Quiz Set-1:
    List of Important Insurance Awareness Quiz for the upcoming Insurance exams were given below, candidates those who are preparing for the exams can us this.

    1). FSDC stands for_______
    a)   Fiscal Security and Development Committee
    b)   Financial Stability and Development Council
    c)   Fiscal Stability and Development Council
    d)   Financial Security and Development Council

     

    2).Among the following terms, which is not used in insurance sectors?
    a)   Coverage
    b)   Casualty
    c)   Misuse Alert
    d)   Indemnity

     

    3).When was the IRDA has formed in India?
    a)   19 April, 2000
    b)   1 Jan, 2001
    c)   31 Dec, 2002
    d)   15 March, 1999

     

    4).Where was the Headquarters of General Insurance’s Public Sector Association of India is located?
    a)   New Delhi
    b)   Mumbai
    c)   Bangalore
    d)   Kolkata

     

    5).IFRS stands for_______
    a)   International Financial Regulatory Systems
    b)   Indian Financial Reporting Standards
    c)   International Financial Reporting Standards
    d)   Indian Financial Regulatory Standards

     

    6).Name the Public Sector Organization, which provides insurance coverage for exporters?
    a)   ECGC
    b)   SBI
    c)   IDBI
    d)   IRDA

     

    7).The amount collected by insurers from the policy holders at certain intervals in order to keep the policy enforce is called as_______.
    a)   Imbursement
    b)   Premium
    c)   Levy
    d)   Contribution

     

    8).When a Bank distributes insurance products as a corporate agent then it is called as_____.
    a)   Insurance Banking
    b)   General Insurance
    c)   Deposit Insurance
    d)   Bancassurance

     

    9).Which of the following country is known as the origin of The Life Insurance?
    a)   Moscow
    b)   Rome
    c)   Italy
    d)   Beijing

     

    10).Among the following types loans, which one is related to “Teaser Rates”?
    a)   Home loans
    b)   Auto Loans
    c)   Business Loans
    d)   Personal Loans

     

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