1. Which of the following companies, recently bought back nonconvertible debentures (NCDs) worth an estimated Rs 3,000 crore from LIC?
A. Aditya Birla Group
B. Reliance Industries
C. Tata Sons
D. Piramal Group
Answer - Option C
Explanation -
Tata Sons has bought back nonconvertible debentures (NCDs) worth an estimated Rs 3,000 crore from the country’s largest insurer, Life Insurance Corp of India (LIC). It was done after objections raised by the insurer over the hurried conversion into a private company, said an executive close to the development.
2. Which of the following banks has entered a bancassurance corporate agency agreement with Tata AIG?
A. SBI
B. IDBI Bank
C. HDFC Bank
D. RBL Bank
Answer - Option B
Explanation -
IDBI Bank has entered a bancassurance corporate agency agreement with Tata AIG. This is to provide the general insurer’s products to the bank’s two crore customers through its 1,850-plus branches.
3. A general insurer has to appoint a surveyor within ______ hours of the receipt of intimation from the insured.
Answer - Option D
Explanation -
A general insurer has to appoint a surveyor within 72 hours of the receipt of intimation from the insured and also the surveyor shall not take more than six months from the date of his appointment to furnish his report.
4. Currently, LIC Housing Finance is the only HFC to have the highest leverage ratio of ______ times of Net Owned Funds (NOF).
Answer - Option D
Explanation -
LIC Housing Finance is the only HFC to have the highest leverage ratio of 14 times of NOF. NHB also said that capital adequacy ratio for HFCs has been increased to 13% by March 2020, 14% by March 2021 and 15% by March 2022. Tier I capital should not be less than 10% versus 6% currently.
5. IRDAI has imposed a fine of Rs nine lakh on state-owned ___________ for violating certain procedures.
A. United India Insurance Co Ltd
B. New India Assurance Company Limited
C. Oriental Insurance Company Limited
D. National Insurance Company Limited
Answer - Option A
Explanation -
Insurance Regulatory and Development Authority has imposed a fine of Rs nine lakh on state-owned United India Insurance Co Ltd for violating certain procedures. If UIIC feels aggrieved by the order, an appeal may be filed with the Securities Appellate Tribunal as per the provisions of Section 110 of the Insurance Act, 1938.
6. _______ is set to acquire 51.2 per cent stake in Apollo Munich Health Insurance
A. Industrial Finance Corporation of India
B. Export Credit Guarantee Corporation of India
C. Berkshire Hathaway
D. Housing Development Finance Corporation
Answer - Option D
Explanation -
Housing Development Finance Corporation (HDFC), recently announced that it would be acquiring 51.2 per cent stake in Apollo Munich Health Insurance and would be later merging it with its general insurance arm HDFC Ergo. HDFC will pay about ₹73.2 per share to Apollo Hospitals for the acquisition.
7. CarDekho group, recently entered into motor and health insurance sector with the launch of __________ an online insurance platform.
A. Carsurance
B. PolicyDekho
C. None of these
D. InsuranceDekho
Answer - Option E
Explanation -
The CarDekho Group has entered the motor and health insurance sector with the launch of InsuranceDekho, an online insurance platform. It has a tie-up with more than 20 health and motor insurance companies. InsuranceDekho offers easy, instant and hassle-free insurance experience to its customers.
8. Under Ayushman Bharat _________ per family per year is insured at all hospitals.
A. Rs 1 lakh
B. Rs 2 lakhs
C. Rs 5 lakhs
D. Rs 2.5 lakhs
Answer - Option C
Explanation -
Ayushman Bharat or Pradhan Mantri Jan Arogya Yojana (PM-JAY) is the government-sponsored health insurance scheme that provides insurance up to Rs 5 lakhs per family per year at all government and private hospitals.
9. Pradhan Mantri Vaya Vandana Yojana has implemented through which of the following organisations?
A. Scheduled Commercial Banks
B. Post office
C. LIC
D. Regional Rural Banks
Answer - Option C
Explanation -
Pradhan Mantri Vaya Vandana Yojana (PMVVY) is a Pension Scheme announced by the Government of India exclusively for the senior citizens aged 60 years and above. LIC of India has been given the sole privilege to operate this scheme.
10. Which of the following terms is/are used to define allocation of a loss between all of the insurance companies that insure a piece of property.
A. Apportionment
B. Concealment
C. Deferment
D. Endorsement
Answer - Option A
Explanation -
An apportionment is the allocation of a loss between all of the insurance companies that insure a piece of property. This allocation is used to determine a percentage of liability for each insurer.
11. ‘Pradhan Mantri Fasal Bima Yojana’ was launched to provide insurance coverage to the farmers in the event of crop failure. What is the rate of premium for Kharif Crops?
A. 2%
B. 2.5%
C. 1.5%
D. 5%
Answer - Option A
Explanation -
The Pradhan Mantri Fasal Bima Yojana (Prime Minister’s Crop Insurance Scheme) was launched by Prime Minister of India Narendra Modi on 18 February 2016. It envisages a uniform premium of only 2 per cent to be paid by farmers for Kharif crops, and 1.5 per cent for Rabi crops. The premium for annual commercial and horticultural crops will be 5 per cent.
12. A form of insurance that pays damages equal to the replacement value of damaged property minus depreciation is known by which of the following term?
A. Survival Benefit
B. Actual Cash Value
C. Surrender Value
D. Sub-standard Value
Answer - Option B
Explanation -
In the property and casualty insurance industry, Actual Cash Value (ACV) is a method of valuing insured property, or the value computed by that method. Actual Cash Value (ACV) is not equal to replacement cost value (RCV). ACV is computed by subtracting depreciation from replacement cost.
13. Limit of an insurance company’s liability under a particular insurance policy is called ______.
A. Premium
B. Surplus
C. Accrual
D. Sum Insured
Answer - Option D
Explanation -
Limit of an insurance company’s liability under a particular insurance policy is called ‘Sum Insured’.
14. Which of the following is NOT true regardingthe life insurance cover scheme PMJJBY?
A. PMJJBY stands for ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’
B. People in the age group of 18 to 60 having bank account are eligible for scheme
C. The premium payable is Rs.330/- per annum per subscriber.
D. The scheme offers a risk Coverage of Rs.2 Lakh in case of death for any reason
Answer - Option B
Explanation -
The Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) – Scheme for Life Insurance Cover
Eligibility: Available to people in the age group of 18 to 50 and having a bank account.
Premium: Rs.330 per annum. It will be auto-debited from account in one installment.
Risk Coverage: Rs.2 Lakh in case of death for any reason.
The scheme will be offered by Life Insurance Corporation and all other life insurers who are willing to join the scheme and tie-up with participating banks for this purpose.
15. The International Association of Insurance Supervisors (IAIS) is a voluntary membership-driven standards-setting organization of insurance supervisors and regulators. The headquarters of IAIS is located at which place?
A. Vienna
B. Brussels
C. New York
D. Basel
Answer - Option D
Explanation -
The IAIS (International Association of Insurance Supervisors) is a nonprofit organization headquartered in Basel, Switzerland. The IAIS is hosted by the Bank for International Settlements (BIS).
16. What do you mean by “Ceding Company” used in insurance field?
A. Insurance Company that passes its risk to government.
B. Insurance company that passes its risk to reinsurance firms.
C. Insurance Company that only cover non-life policies
D. Insurance Company that covers Agriculture sector
Answer - Option B
Explanation -
A ceding company is an insurance company that passes the part or all of its risks from its insurance policy portfolio to a reinsurance firm.
17. When was United India Insurance Company Limited Incorporated?
A. 12 September 1947
B. 22 November 1972
C. 18 February 1938
D. 1 September 1956
Answer - Option C
Explanation -
United India Insurance Company Limited was incorporated as a Company on 18th February 1938. General Insurance Business in India was nationalized in 1972.
18. Insurance regulator ‘IRDAI’ has recently constituted a panel to analyse the feasibility of payment of claims in installments. Who was appointed the head of this panel?
A. Manjunath Bavuri
B. P.J. Joseph
C. Suresh Mathur
D. G.R. Surya Kumar
Answer - Option C
Explanation -
In October, the Insurance Regulatory and Development Authority of India (IRDAI) formed a panel to examine claims in installments. This panel will be headed by Suresh Mathur. It will look in to the feasibility of the proposal of general and health insurance companies for payment of claims in installments as against lump sum payments.
19. Who is the present chairman-cum-Managing Director of National Insurance Company of India?
A. Naina Lal Kidwai
B. T. L. Alamelu
C. MR Kumar
D. Tajinder Mukherjee
Answer - Option D
Explanation -
Ms. Tajinder Mukherjee is the chairman and Managing director of National Insurance Company of India.
20. Institute of Insurance and Risk Management (IIRM) is located in which among the following cities?
A. Manila
B. New Delhi
C. Singapore
D. Hyderabad
Answer - Option D
Explanation -
Institute of Insurance and Risk Management (IIRM) is located in Hyderabad. It is promoted by IRDAI with the sole aim of developing the required workforce for the entire Insurance Sector.
21. Who took charge as the Flag Officer Commanding-in Chief of the Western Naval Command at Mumbai?
A. Harish Singh
B. Ajit Kumar
C. Dhinesh Gupta
D. Sachin Rathore
D. None of these
Answer - Option B
Explanation -
Vice Admiral Ajit Kumar P took over as the Flag Officer Commanding-in-Chief of the Western Naval Command at Mumbai. He succeeds Vice Admiral Girish Luthra who retires upon superannuation, after an career spanning nearly four decades in the Indian Navy.
22. Which bank announced the appointment of Ajai Kumar as interim MD-CEO of the bank for one month?
A. Federal Bank
B. HDFC Bank
C. Axis Bank
D. Yes Bank
Answer - Option E
Explanation -
Yes Bank announced the appointment of Ajai Kumar as interim MD-CEO of the bank for one month or till Ravneet Gill assumes office as MD-CEO, whichever is earlier.
23. Who was appointed as new Ambassador to the Republic of Colombia?
A. Rajeev Tripati
B. Sanjiv Ranjan
C. Somnath Chaterji
D. Amith Barou
Answer - Option B
Explanation -
Ministry of External Affairs announced that Sanjiv Ranjan appointed as new Ambassador to the Republic of Colombia. Ranjan is the current Ambassador to Argentina, is expected to take up the assignment shortly. He was 1993 batch Indian Foreign Service officer holds a bachelor in Economics from Delhi University and an M.A. in International Relations from Jawaharlal Nehru University.The government also appointed Dinesh Bhatia, the present Consul General, Consulate General of India at Toronto as the next Ambassador of India to Argentina.
24. World Cancer Day takes place every year on 4 February to increase awareness of cancer. What is the theme of the day for the year 2019?
A. I am and I will
B. We can. I can
C. Not Beyond Us
D. Debunk the Myths
Answer - Option A
Explanation -
World Cancer Day takes place every year on 4 February to increase awareness of cancer, and to encourage its prevention, early detection and treatment.This year, Union for International Cancer Control, which organizes World Cancer Day, is launching a new 3-year campaign with the theme: “I Am and I Will.” ‘The campaign is an empowering call-to-action urging for personal commitment and represents the power of individual action taken now to impact the future.
25. Which state government declared the endangered Indus river dolphins, one of the world’s rarest mammals, as the state’s aquatic animal?
A. Punjab
B. Manipur
C. Delhi
D. Jharkhand
Answer - Option A
Explanation -
Punjab government declared the endangered Indus river dolphins, one of the world’s rarest mammals, as the state’s aquatic animal.The decision was taken at the meeting of the state board for wildlife chaired by chief minister Captain Amarinder Singh. At present, there are only around 1,800 of these in the Indus in Pakistan. Their population in the Beas is between 8 to 10.The chief minister also gave approval to declare the Kanjli Wetland and the holy Kali Bein River as a wildlife conservation reserve to mark the historic 550th birth anniversary of Sikhism founder Guru Nanak Dev.
26. Which Indian state has become the first State to set up a price monitoring and research unit (PMRU) to track violation of prices of essential drugs and medical devices under the Drugs Price Control Order (DPCO)?
A. Rajasthan
B. West Bengal
C. Kerala
D. Karnataka
Answer - Option C
Explanation -
Kerala has become the first State to set up a price monitoring and research unit (PMRU) to track violation of prices of essential drugs and medical devices under the Drugs Price Control Order (DPCO).The move comes more than five years after the National Pharmaceutical Pricing Authority (NPPA) proposed such a system for the States and the Union Territories.
27. "Sopan 2019" The Festival of Young Musicians and Dancers held in which city?
A. Bangalore
B. Hyderabad
C. Chennai
D. New Delhi
Answer - Option D
Explanation -
Music and dance festival ‘Sopan 2019’ has started, to encourage young and upcoming artistes to take up traditional art, in New Delhi. It is organised by Sahitya Kala Parishad and the Delhi government in association with New Delhi Municipal Council (NDMC). These six day long festival is an opportunity for upcoming talents from vocals and instruments to dance forms to set an audience base for themselves.
28. Ministry of Coal, Government of India, signed an MoU with Ministry of Energy of which country to foster relations in the field of coal mining and clean coal technologies?
A. Switzerland
B. Germany
C. Poland
D. Australia
Answer - Option C
Explanation -
The Ministry of Coal, Government of India signed an MoU with Ministry of Energy, Republic of Poland in-order to foster relations in the field of coal mining and clean coal technologies. The MoU was signed between Sh. Haribhai Parathibhai Chaudhary, Hon’ble Minister of State for Coal and Mines and Mr. Grzegorz Tobiszowski, Secretary of State, Ministry of Energy, Republic of Poland.
29. India’s fiscal deficit has touched what percent of the FY19 Budget target of Rs. 6.24 lakh crore during the period of 9 months from April to December 2018?
A. 58%
B. 112%
C. 76%
D. 137%
Answer - Option B
Explanation -
India’s fiscal deficit has touched 112% of the FY19 Budget target of Rs. 6.24 lakh crore during the period of 9 months from April to December 2018. The data was presented by the Controller General of Accountant (CGA) which manifested that fiscal deficit of previous fiscal was 13.6%. Fiscal deficit was at 7 lakh crores during this financial year. This is 112.4% of the Budget estimates for FY19, while for exact figures, it was 113.6% for 2017-2018. Fiscal Deficit is the gap between income and expenditure of the government.
30.The largest Krishi Kumbh of Eastern India is launched in which state?
A. Bihar
B. Meghalaya
C. Manipur
D. Sikkim
Answer - Option A
Explanation -
Bihar Governor Lalji Tandon and Union Agriculture Minister Radha Mohan Singh jointly inaugurated the Krishi Kumbh in Bihar. This is the largest Krishi Kumbh of Eastern India. Over fifteen thousand farmers across different states and about two hundred agricultural scientists are participating in the Kumbh. There will be 14 technical sessions during three day Krishi Kumbh. The objective of Krishi Kumbh is to promote modern techniques and diversification in agriculture that could help in doubling farmer’s income.
31. Who laid foundation stone of a Mega Food Park in Mathura, Uttar Pradesh?
A. Narendra Singh Tomar
B. Harsimrat Kaur Badal
C. Radha Mohan Singh
D. Mukhtar Abbas Naqvi
Answer - Option B
Explanation -
Union Minister for Food Processing Industries Harsimrat Kaur Badal laid foundation stone of a Mega Food Park in Mathura, Uttar Pradesh. The Mega Food Park is being set up in over 57 acre of land at a cost of around 121 crore rupees. The Centre has also approved a financial assistance of 50 crore rupees to the project.The Park will provide direct and indirect employment to five thousand persons and benefit about 25,000 farmers.
32.Name the second indigenously developed, propulsion based missile system was successfully flight tested in Odisha by the Defence Research and Development Organisation (DRDO).
A. Solid Fussion Ducted Ramjet
B. Solid Furnance Ducted Ramjet
C. Solid Fuel Ducted Ramjet
D. Solid Flamable Ducted Ramjet
D. None of these
Answer - Option C
Explanation -
The second indigenously developed ‘Solid Fuel Ducted Ramjet (SFDR)’ propulsion-based missile system was successfully flight tested in Odisha by the Defence Research and Development Organisation (DRDO). Unlike conventional rockets that carry propellant and oxidizer, Ramjet uses the air as an oxidizer just like a jet engine. Therefore the weight of the fuel required is eliminated. The first flight of SFDR, developed under a joint Indo-Russian R&D project, was tested in 2018. It had achieved the speed of Mach 3.
33. WWho clinched Chennai Open ATP Challenger title?
A. Quentin Halys
B. Corentin Moutet
C. Elliot Benchetrit
D. Ugo Humbert
Answer - Option B
Explanation -
France’s Corentin Moutet has clinched the Chennai Open ATP Challenger tournament title after beating Andrew Harris of Australia 6-3,6-3 in the singles final. It was the second Challenger title for Moutet, who received $7,200 and 80 ATP points.
34. Fifth International Dam Safety Conference to be held in which city?
A. Ahemadabad
B. Kolkata
C. Bhubaneshwar
D. Jodhpur
Answer - Option C
Explanation -
The 5th International Dam Safety Conference 2019 is held in Bhubaneswar as a joint initiative of the Government of India, Government of Odisha and the World Bank under aegis of the ongoing World Bank assisted Dam Rehabilitation and Improvement Project (DRIP) as a part of institutional strengthening. Dam Safety Conferences are being organized as an annual event in different DRIP States in collaboration with the Implementing Agencies and leading academic institutes to provide a common platform for all stakeholders including non-DRIP States. Globally India ranks third after China and the USA in terms of the number of large dams with 5264 large dams in operation and 437 large dams under construction.
35. Which government boby signed Statement of Intent with the MSDF to document systemic transformation in education?
A. RBI
B. NITI AAYOG
C. SEBI
D. Ministry of Finance
Answer - Option B
Explanation -
NITI Aayog signed a Statement of Intent with the Michael & Susan Dell Foundation (MSDF) to codify, document and share best practices to improve learning outcomes in public school education through systemic reforms, based on their collective experiences of working with various state governments in India. The SOI was signed in the presence of NITI Aayog CEO Amitabh Kant, by Alok Kumar, Adviser (HRD), NITI Aayog and Barun Mohanty, Managing Director (International), MSDF.
36. Kerala government inaugurated the Ascend 2019 conference in which city?
A. Thiruvananthapuram
B. Kochi
C. Kozhikode
D. Thrissur
Answer - Option D
Explanation -
Kerala government inaugurated the Ascend 2019 conference in Kochi. ‘ASCEND KERALA 2019’ is an event planned to showcase the various initiatives undertaken by the Government of Kerala as part of the Ease of Doing Business reforms. The initiatives would make the state a top investment destination and empower entrepreneurs to launch their enterprises in a speedy and hassle-free manner. Kerala chief minister Pinarayi Vijayan released the ‘Invest Kerala Guide’ at the inaugural session of the event. Union minister of commerce & industries and civil aviation Suresh Prabhu was the chief guest at the opening ceremony. The government also launched the two software applications, Kswift (Kerala single window interface for fast, transparent clearances) and intelligent building plan management system (IBPMS).
37. The Government of India, Government of Himachal Pradesh and the World Bank signed a _______ Million dollar Loan Agreement to help bring clean and reliable drinking water to the citizens of the Greater Shimla area.
A. $35
B. $40
C. $45
D. $50
Answer - Option B
Explanation -
The Government of India, Government of Himachal Pradesh and the World Bank signed a $40 Million Loan Agreement to help bring clean and reliable drinking water to the citizens of the Greater Shimla area. The Shimla Water Supply and Sewerage Service Delivery Reform Programmatic Development Policy Loan is expected to improve water supply and sanitation (WSS) services in and around the iconic hill city of Shimla. The $40 Million Loan from the International Bank for Reconstruction and Development (IBRD), has a 4-year grace period and a maturity of 15.5 years.
38. William Barr sworn in as Attorney General of which country?
A. USA
B. UK
C. Canada
D. Germany
Answer - Option A
Explanation -
William Barr was sworn for second time as the nation’s Attorney General. Mr. Barr was also served as the Attorney General from 1991 to 1993 during President George H.W. Bush’s administration. The Senate voted 54-45 to confirm his appointment and he succeeds Jeff Sessions. He was 85th attorney general of the United States.
39. Kerala government inaugurated the Ascend 2019 conference in which city?
A. Thiruvananthapuram
B. Kochi
C. Kozhikode
D. Thrissur
Answer - Option D
Explanation -
Kerala government inaugurated the Ascend 2019 conference in Kochi. ‘ASCEND KERALA 2019’ is an event planned to showcase the various initiatives undertaken by the Government of Kerala as part of the Ease of Doing Business reforms. The initiatives would make the state a top investment destination and empower entrepreneurs to launch their enterprises in a speedy and hassle-free manner. Kerala chief minister Pinarayi Vijayan released the ‘Invest Kerala Guide’ at the inaugural session of the event. Union minister of commerce & industries and civil aviation Suresh Prabhu was the chief guest at the opening ceremony. The government also launched the two software applications, Kswift (Kerala single window interface for fast, transparent clearances) and intelligent building plan management system (IBPMS).
40. The Government of India, Government of Himachal Pradesh and the World Bank signed a _______ Million dollar Loan Agreement to help bring clean and reliable drinking water to the citizens of the Greater Shimla area.
A. $35
B. $40
C. $45
D. $50
Answer - Option B
Explanation -
The Government of India, Government of Himachal Pradesh and the World Bank signed a $40 Million Loan Agreement to help bring clean and reliable drinking water to the citizens of the Greater Shimla area. The Shimla Water Supply and Sewerage Service Delivery Reform Programmatic Development Policy Loan is expected to improve water supply and sanitation (WSS) services in and around the iconic hill city of Shimla. The $40 Million Loan from the International Bank for Reconstruction and Development (IBRD), has a 4-year grace period and a maturity of 15.5 years.
41. “Revere all the Buddhas, revere the dharma, revere the sangha” Which among the following quotes this _________?
A. Allahabad Pillar Inscription
B. Asoka Edict XII
C. Asoka Edict X
D. Mathura Lion capital
Answer - Option D
42. Which of the following states were created in 1987?
A. Maharastra, Goa & Arunanchal Pradesh
B. Goa and Arunanchal Pradesh
C. Goa Only
D. Arunanchal Pradesh only
Answer - Option B
43. What is the equity of Reserve bank of India in National Housing Bank ?
A. 49%
B. 50%
C. 75%
D. 100%
Answer - Option D
44. If a non profit organization is converted into a profit earning company, the process will be called as:
A. Dematerialization
B. Rematerialization
C. Demutualization
D. Decentralization
Answer - Option C
45. Which among the following types of dunes are most rare?
A. Crescentic
B. Linear
C. Star
D. Dome
Answer - Option D
46. Which among the following is NOT a salient feature of the 73rd Constitutional Amendment Act ?
A. Gram Sabha
B. Three Tier System
C. State Election Commission
D. State Planning Commission
Answer - Option D
47. The Xinjiang province of China is experiencing ethnic turmoil for the past several years because of which of the following tribes protesting against the increasing settlements of Han Chinese?
A. Uyghurs
B. Mosuo
C. Yuezhi
D. Wuhan
Answer - Option A
48. What is the relationship between the magnetisation of a paramagnetic material and the absolute temperature?
A. they are directly proportional to each other
B. they are inversely
C. they are independent of each other
D. None
Answer - Option B
49. What is the effect of increase in concentration on the Molar conductivity?
A. It increases
B. It decreases
C. It remains constant
D. None of the above
Answer - Option B
50. “Gresham’s Law” in Economics relates which of the followings?
A. Supply and demand
B. Circulation of currency
C. Consumption and supply
D. Distribution of goods and services
Answer - Option B