LIC question paper with answer pdf download
LIC question paper with answer PDF download and Mock Test
1. The Life Insurance Companies Act was passed in
which year?
a. 1919
b. 1912
c. 1900
d. 1902
e. None of these
2. The Life Insurance Corporation of India (LIC)
came into existence in which year?
a. 1962
b. 1949
c. 1956
d. 1947
e. None of these
3. The Life Insurance Business in India was
nationalized in which year?
a. 1956
b. 1949
c. 1938
d. 1962
e. None of these
4. How many insurance companies were merged to
form the Life Insurance Corporation of India?
a. 200
b. 176
c. 245
d. 125
e. None of these
5. The central office of the Life Insurance
Corporation of India (LIC) is located at?
a. Kolkata
b. New Delhi
c. Chennai
d. Pune
e. Mumbai
6. In which year, the Indian Life Assurance
Companies Act came into force ?
a.1910
b.1932
c.1920
d.1912
e. None of these
7. In which year New India Assurance Co Ltd was
found?
a. 1918
b. 1818
c. 1919
d. 1945
e. None of these
8. What percent shares of New India Assurance Co
Ltd is owned by Government of India?
a. 50%
b. 85%
c. 99.4%
d. 100%
e. None of these
9. In which year New India Assurance Co Ltd
nationalized?
a. 1945
b. 1947
c. 1973
d. 1969
e. None of these
10. The life insurance business in India was first
started in which year?
a. 1827
b. 1845
c. 1818
d. 1832
e. None of these
11. Name the first life insurance company to
function in India?
a. United India Insurance Company
b. Bombay Mutual Life Assurance Society
c. Agriculture Insurance Company of India
d. Life Insurance Company
e. None of these
12. Which among the following is the first Indian
life insurance company to begin operations in India?
a. Bombay Mutual Life Assurance Society
b. Empire of India Life Assurance Company
c. Albert Life Assurance
d. Royal Insurance
e. None of these
13. Which among the following is the oldest existing
insurance company in India?
a. National Insurance Company
b. Life Insurance Corporation of India
c. New India Assurance Company
d. United India Insurance Company
e. None of these
14. Name the first General Insurance Company in
India?
a. ECGC Ltd
b. United India Insurance Company Limited
c. Indian Mercantile Insurance Ltd
d. Triton Insurance Company Ltd
e. None of these
15. The Insurance Act to govern both life insurance
and non-life insurance was passed in which year?
a. 1929
b. 1938
c. 1949
d. 1934
e. None of these
16. The General Insurance Business in India was
nationalized in which year?
a. 1951
b. 1962
c. 1973
d. 1949
e. None of these
17. IRDAI Act was passed in which year by the
Government of India?
a. 1992
b. 2002
c. 2000
d. 1999
e. None of these
18. The IRDAI was incorporated as a statutory body
on?
a. 30 April 2001
b. 01 July 2002
c. 31 December 1999
d. 19 April 2000
e. None of these
19. How many public sector life insurance
companies are functional in India?
a. 1
b. 2
c. 3
d. 4
e. None of these
20. The Indian Insurance Companies Act was
enacted in which year?
a. 1912
b. 1928
c. 1936
d. 1949
e. None of these
21. The General Insurance Corporation of India
(GIC) was notified as the Indian Reinsurer in which
year?
a. 2014
b. 1987
c. 1999
d. 2000
e. None of these
22. Which of the following is the first life insurance
company in India?
a. United India Insurance
b. Oriental Insurance
c. LIC
d. New India Assurance
e. None of these
23. In 1818, India’s first insurance company
Oriental Life Insurance Company has established in
which city?
a. New Delhi
b. Mumbai
c. Kolkata
d. Pune
e. None of these
24. Which insurance company is the first general
insurance company in India ?
a. The Oriental Insurance Company
b. GIC Re
c. New India Assurance
d. Triton Insurance Company Ltd
e. None of these
25. In which year the General Insurance Business
Nationalization Act was passed in India?
a.1972
b.1980
c.1991
d.1985
e. None of these
26. The Insurance Act has __________sections and
______ schedules.
a.10, 100
b.8, 120
c.120, 8
d.17, 110
e. None of these
27. Which of the following is the biggest non-life
insurer in the entire Afro-Asia region ?
a. Life Insurance Corporation of India
b. General Insurance Company
c. United India Insurance Company
d. New India Assurance
e. None of these
28. Insurance is listed in which schedule of the
Indian constitution ?
a. Eighth Schedule
b. Sixth Schedule
c. Seventh Schedule
d. Fifth Schedu
e. None of these
29. Which act was the first legislation governing all
forms of insurance to provide strict state control
over insurance business?
1. Insurance Act of 1938
2. General Insurance Business Act of 1972
3. Life Insurance Corporation Act
4. Insurance Act of 1988
5. None of these
30. In which year, the Actuaries Act was passed by
Indian government?
a. 2000
b. 2006
c. 1999
d. 1985
e. None of these
31. The Indian insurance industry is governed by
which of the following act ?
a. IRDA Act 1999
b. Life Insurance Corporation Act, 1956
c. General Insurance Business (Nationalization) Act,
1972
d. Insurance Act, 1978
e. All of these
32. The Oriental Insurance Company Ltd was
founded in which year?
a. 1929
b. 1952
c. 1938
d. 1947
e. None of these
33. The General Insurance Corporation of India
(GIC. was converted into a national re-insurer in
which year?
a. 1995
b. 2000
c. 2014
d. 1999
e. None of these
34. How many companies were merged to form the
United India Insurance Company (UIIC)?
a. 12
b. 19
c. 22
d. 20
e. None of these
35. The General Insurance Business
(Nationalization) Amendment Act was passed in
which year?
a. 2000
b. 2002
c. 1999
d. 1998
e. None of these
36. GIC was founded on?
a. 1 July 1938
b. 31 January 1994
c. 25 April 1959
d. 22 November 1972
e. None of these
37. The General Insurance Corporation of India
(GIC) was incorporated as a private company under
which act?
a. Insurance Act 1938
b. General Insurance Business (Nationalization) Act,
1972
c. Companies Act, 1956
d. Insurance Regulatory and Development Authority
Act, 1999
e. None of these
38. Where is the headquarters of Religare Health
Insurance Company Limited located?
a. New Delhi
b. Chennai
c.Gurgaon
d. Mumbai
e. None of these
39. The New India Assurance Company Ltd is what
type of company?
a. General Insurance Company
b. Life Insurance Company
c. Pension Regulator
d. Asset Reconstruction Company
40. The United India Insurance Company (UIIC)
Limited was incorporated on?
a. 31 December 1919
b. 25 January 1946
C. 18 February 1938
d. 09 March 1952
e. None of these
41. UIIC was nationalized in which year?
a. 1956
b. 1972
c. 1999
d. 2000
e. None of these
42. The Oriental Insurance Company Limited was incorporated in which year?
a.15 July 1938
b. 30 April 1942
c. 21 January 1954
d. 12 September 1947
e. None of these
43. The Agriculture Insurance Company Of India Limited was incorporated on?
a. 6 August 1999
b. 29 October 1997
c. 12 February 2000
d. 20 December 2002
e. None of these
44. The insurance law in India has its origin from
which country?
a. France
b. United Kingdom
c. United States
d. Russia
e. None of these
45. The Life Insurance Business is defined in which section of the Insurance Act, 1938?
a. Section 2(11)
b. Section 3C(11)
c. Section 1(11)
d. Section 4A(11)
e. None of these
46. The Agriculture Insurance Company of India Limited (AIC) was set up in which year?
a. 1982
b. 1999
c. 2002
d. 2014
e. None of these
47. Which country is the first in the world to introduce the concept of Insurance Repository services?
a. India
b. United States
c. United Kingdom
d. France
e. None of these
48. Which of the following is the first Indian Life Insurance Company established in India?
a. Oriental Life Insurance Company
b. Bombay Mutual Life Assurance Company
c. Life Insurance Corporation
d. Empire of India
e. None of these
49 . The headquarters of LIC is located in?
a. Mumbai
b. Chennai
c. Pune
d. Hyderabad
e. None of these
50. Which government body regulates Insurance Industry?
a. NFCG
b. IRDAI
c. CII
d. FICCI
e. None of these
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