1. Which among the following is not considered as a national debt?

A. Life Insurance Policies B. Long term Government Bonds C. National Savings Certificates D. Provident Funds

Answer: Option A
2. Identify the wrong option with respect to the joint venture between Indian and foreign companies in insurance sector

A. ICICI Bank – Prudential Life Insurance B. HDFC – MetLife India Insurance C. Bajaj – Allianz Life Insurance D. Bharti – AXA Life Insurance

Answer: Option B
Explanation: PNB MetLife India Insurance
3. Which Indian leader is behind the foundation of the Employment State Insurance (ESI) Act?

A. Rajiv Gandhi B. Vallabhbhai Patel C. Swami Vivekananda D. Dr.B R Ambedkar

Answer: Option D
Explanation: In March 1943, Dr.B R Ambedkarwas appointed by the Government of India to create a report on the health insurance scheme for industrial workers.[2]The report became the basis for the Employment State Insurance (ESI) Act of 1948
4. How many state-owned general insurance companies are there in India?

A. 6 B. 3 C. 4 D. 2

Answer: Option C
Explanation: National Insurance Company, New India Assurance , The Oriental Insurance Company and United India Insurance Company 5. In insurance, ___________ determines the size of a company’s capital relative to all risks it has taken

A. Solvency Ratio B. Profit Margin C. Quick Margin D. Current Ratio

Answer: Option A
Explanation: The solvency ratio of an insurance company is the size of its capital relative to all risks it has taken

1. ZestMoney has collaborated with which insurance company to launch first ever insurance against EMI for its customers?

A. ICICI Lombard B. Digit Insurance C. SBI General Insurance D. Bharti AXA General Insurance

Answer: Option B
Explanation: ZestMoney has partnered with Digit Insurance to offer insurance against EMIs to its 5 million customer base. ZestMoney is a Bengaluru based digital lending startup.
2. Who is the Secretary-General of the General Insurance Council?

A. R Chandrasekaran B. Varun Dua C. Mayank Bathwal D. T.L. Alamelu

Answer: Option A
Explanation: MN Sarma, has been elected as the new Secretary General of the General Insurance Council. He will take over the charge in August 2019.
3. All insurance companies are required to maintain a solvency ratio of ___________ percent at all times

A. 50% B. 100% C. 200% D. 150%

Answer: Option D
4. The insurance tool MyPQ has been launched by which company?

A. Aditya Birla Sun Life Insurance B. Aviva Life Insurance Company C. Max Life Insurance Company D. PNB MetLife India Insurance

Answer: Option C
Explanation: Max Life Insurance Company has launched a unique proprietary tool, ‘My Protection Quotient’ (MyPQ) to gauge the level of an individual’s financial protection.
5. The total rate of contribution towards the Employees’ State Insurance scheme has been reduced to 4% from the earlier 6.5%. This new rate will be effective from _____________

A. September 1 B. July 1 C. December 1 D. August 1

Answer: Option B

1. Who is the head of the committee formed by IRDAI to review the regulatory framework on microinsurance?

A. Suresh Mathur B. Pankaj Tiwari C. Ajit D Warakari D. Subhasis Ghosh

Answer: Option A
Explanation: The Insurance Regulatory and Development Authority of India (IRDAI) has set up a 13-member committee to review the regulatory framework on microinsurance and recommend measures to increase the demand for these insurance products. IRDAI Executive Director Suresh Mathur will be the Chairman of the committee.
2. Web assurance is a new insurance product launched by which bank for its customers?

A. HDFC Bank B. Punjab National Bank C. State Bank of India D. Canara Bank

Answer: Option D
Explanation: Public Sector Bank, Canara Bank in association with its life insurance partner, Canara HSBC Oriental Bank of Commerce Life Insurance has announced the launch of ‘Webassurance’.
3. Name the Health Insurance company that has launched the ‘AnyTimeHealth (ATH)’ machines in partnership with HDFC Bank.

A. Oriental Insurance B. Max Bupa Health Insurance C. Aditya Birla Health Insurance D. Religare Health Insurance

Answer: Option B
Explanation: HDFC Bank and Max Bupa (insurance company) have launched a ‘‘AnyTimeHealth (ATH)’ machines. ATH machine is completely automated, technology-based model
4. which allows customers to avail health assessment and buy a policy instantly, without any manual intervention. The Star Union Dai-ichi Life Insurance is a joint venture between which Indian banks apart from Japan’s Dai-ichi Life Insurance Company?

A. Allahabad Bank and Bank of India B. Bank of Baroda and United Bank of India C. Bank of India and Union Bank of India D. Punjab National Bank and Union Bank of India

Answer: Option C
Explanation: Star Union Dai-Ichi Life Insurance is a JV between BoI (holds 28.96 per cent), Union Bank of India (holds 25.10 per cent), and Japan’s Dai-ichi Life Insurance Company ( holds 45.94 per cent)
5. Who among the following has become the first female to be appointed as the Zonal Manager of Life Insurance Corporation of India for South Central Zone

A. Mini Ipe B. Rajni Patwardhan C. Sarojini Dikhale D. Usha Sangwan

Answer: Option A
Explanation: Mini Ipe has been appointed as the Zonal Manager of Life Insurance Corporation of India for South Central Zone. with this, she has become the first woman zonal manager (in-charge) of LIC. Before this, she has worked as Executive Director (International Operations) of LIC.