Banking Awareness Study Material 2017 Set – 273

Banking Awareness Practice Set

1. ____________ is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc.
Answer : Life Insurance

2. ULIP is a life insurance product, which provides risk cover for the policyholder along with investment options to invest in any number of qualified investments such as stocks, bonds or mutual funds. What is the meaning of “I” in ULIP?
Answer : Insurance

3. Net asset value NAV is the value per share of a mutual fund or an exchange-traded fund (ETF) on a specific date or time. NAV stands for
Answer : Net Asset Value

4. In ________ insurance, schemes are offered by insurance companies to provide certain classes of individuals, the benefit of insurance coverage at moderate cost.
Answer : group insurance

5. ____________ a/an is the section of an insurance policy dealing with various coverages, exclusions, duties of the insured, locations covered and conditions that terminate coverage.
Answer : Clause

6. Sun Life Financial Inc plans to increase its stake from 26 per cent to 49 per cent in Birla Sun Life Insurance Co Ltd, a joint venture with Aditya Birla Nuvo Ltd, through buying of shares worth Rs 1,664 crore (US$ 244.14 million). Sun Life Financial Inc based in
Answer : Canada

7. The term _______________ relates to a type of insurance that essentially covers your medical expenses.
Answer : Health Insurance

8. The General insurance industry was nationalised in _________ and 107 insurers were grouped and amalgamated into four Companies.
Answer : 1972

9. Where is the head office of United India Insurance Company Limited?
Answer : Chennai

10. Who is the present Chairman cum Managing Director of Oriental Insurance Company Ltd?
Answer : AV Girija Kumar

Exams RiderDownload Our Apps & Watch Latest News

Related Post / Job Details

1UPSC Civil Service Examination 2018 – Apply Online
2686 Head Constable Recruitment in CRPF
3UPSC Civil Service Examination 2016
4BPCL Recruitment 2016
5Canara Bank Recruitment 2018 – Probationary Officer Post – Apply Online
6Inspector (Cooperative Societies) in PPSC
730 Law Clerks in Rajasthan High Court
8806 Vacancy in KPSC
9300 Sub Inspector Recruitment in MPSC
10Economist Recruitment in Canara Bank 2016 | Apply Online
11Wildlife Institute of India (WII) Recruitment 2017

Comments are closed.