Download Important insurance questions for LIC AAO exam. Top 10 Insurance questions with answers based on previous year asked questions.<\/p>\n
Download Insurance Questions For LIC AAO PDF<\/a><\/p>\n LIC AAO Free Mock Test<\/a><\/p>\n 10 LIC AAO Mock Tests – Just Rs. 117<\/a><\/p>\n Download LIC AAO Previous Papers PDF<\/a><\/p>\n Question 1:\u00a0<\/b>Which of the following names Is NOT associated with the Insurance business in India ?<\/p>\n a)\u00a0Bajaj Allianz<\/p>\n b)\u00a0LIC<\/p>\n c)\u00a0GI C<\/p>\n d)\u00a0Tata AIG<\/p>\n e)\u00a0GE Money<\/p>\n Question 2:\u00a0<\/b>Alice Vaidyan is the Chairman & Managing Director of________<\/p>\n a)\u00a0General Insurance Corporation of India<\/p>\n b)\u00a0National Insurance Company<\/p>\n c)\u00a0New India Assurance Co. Ltd<\/p>\n d)\u00a0Oriental Insurance Company<\/p>\n e)\u00a0United India Insurance<\/p>\n Question 3:\u00a0<\/b>Which is an insurance regulatory body?<\/p>\n a)\u00a0TRAI<\/p>\n b)\u00a0SEBI<\/p>\n c)\u00a0IRDA<\/p>\n d)\u00a0None of the above<\/p>\n Download LIC AAO Previous Papers PDF<\/a><\/p>\n 100 Free Computer Awareness Tests for LIC<\/a><\/p>\n Question 4:\u00a0<\/b>Which organization provides the Jan Dhan yojna additional insurance coverage?<\/p>\n a)\u00a0LIC<\/p>\n b)\u00a0NICL<\/p>\n c)\u00a0NIA<\/p>\n d)\u00a0HDFC<\/p>\n Question 5:\u00a0<\/b>Which of the following will be the insurance company providing the cover for the Rupay card offered under the Jan Dhan Yojana?<\/p>\n a)\u00a0HDFC EGRO<\/p>\n b)\u00a0ICICI Lombard<\/p>\n c)\u00a0Bajaj Allianz<\/p>\n d)\u00a0Birla Sun Life<\/p>\n e)\u00a0None of these<\/p>\n Download LIC GK Material PDF<\/a><\/p>\n 100 Free GK Tests for Insurance Exams<\/a><\/p>\n Question 6:\u00a0<\/b>Which of the following terms\/ expressions is not used in the Insurance sector?<\/p>\n a)\u00a0Refraction<\/p>\n b)\u00a0Casualty<\/p>\n c)\u00a0Actuary<\/p>\n d)\u00a0Claim<\/p>\n e)\u00a0Brokerage<\/p>\n Question 7:\u00a0<\/b>In the field of insurance, which term is employed for describing a professional who deals with the financial impact of risk and uncertainty?<\/p>\n a)\u00a0Actuary<\/p>\n b)\u00a0Agent<\/p>\n c)\u00a0Assessor<\/p>\n d)\u00a0Appraiser<\/p>\n e)\u00a0Bailee<\/p>\n Question 8:\u00a0<\/b>Which of the following was\/were not a subsidiary company of the General Insurance Corporation of India in 2015?<\/p>\n a)\u00a0National Insurance Company Limited<\/p>\n b)\u00a0Life Insurance Corporation<\/p>\n c)\u00a0New India Assurance Company Limited<\/p>\n d)\u00a0Oriental Insurance Company Limited<\/p>\n e)\u00a0United India Insurance Company Limited<\/p>\n Question 9:\u00a0<\/b>Who is the following was\/ were not the subsidiary company of the General Insurance Corporation of India?<\/p>\n a)\u00a0Stephen Cohen<\/p>\n b)\u00a0Jaswant Singh<\/p>\n c)\u00a0Tony Aloctt<\/p>\n d)\u00a0Lal Krishna Advani<\/p>\n e)\u00a0Manmohan Singh<\/p>\n Question 10:\u00a0<\/b>To which of the following crops does the Rashtriya Krishi Bima Yojana (NAIS) provide insurance?<\/p>\n a)\u00a0Food crops(cereals and pulses<\/p>\n b)\u00a0Oilseeds<\/p>\n c)\u00a0Horticultural crops<\/p>\n d)\u00a0Commercial crops<\/p>\n e)\u00a0All of the above.<\/p>\n LIC AAO REASONING QUESTIONS PDF<\/a><\/p>\n LIC AAO Free Mock Test<\/a><\/p>\n Answers & Solutions:<\/strong><\/span><\/p>\n 1)\u00a0Answer\u00a0(E)<\/strong><\/p>\n 2)\u00a0Answer\u00a0(A)<\/strong><\/p>\n 3)\u00a0Answer\u00a0(D)<\/strong><\/p>\n 4)\u00a0Answer\u00a0(D)<\/strong><\/p>\n 5)\u00a0Answer\u00a0(A)<\/strong><\/p>\n HDFC EGRO will be the insurance company providing the cover for the Rupay card offered under the Pradhan Mantri Jan Dhan Yojana. It is an Indian assurance firm which is headquartered in Mumbai.<\/p>\n Download General Science Material PDF<\/a><\/p>\n 6)\u00a0Answer\u00a0(A)<\/strong><\/p>\n Refraction is the change in direction of a wave due to a change in its transmission medium. It is essentially a surface phenomenon which is mainly in governance to the law of conservation of energy and momentum.<\/p>\n 7)\u00a0Answer\u00a0(A)<\/strong><\/p>\n An actuary is a business professional who deals with the financial impact of risk and uncertainty. Actuaries provide expert assessments of financial security system, with a focus on their complexity, their mathematics, and their mechanisms.<\/p>\n 8)\u00a0Answer\u00a0(B)<\/strong><\/p>\n General Insurance Corporation of India had four filly owned subsidiary companies: National Insurance Company Limited, New India Assurance Company Limited, Oriental Insurance Company Limited and United India Insurance Company Limited. It is the sole reinsurance market with over four decades of experience.<\/p>\n 9)\u00a0Answer\u00a0(B)<\/strong><\/p>\n Jaswant Singh, External Affairs and Finance Minister in the previous NDA government released a book entitled India at Risk – Mistakes, Misconceptions and Misadventures of security policy in March 2014. In this book, he has discussed the issues, the conflicts and the consequences of the security related policy of India.<\/p>\n 10)\u00a0Answer\u00a0(E)<\/strong><\/p>\n The Government introduced the \u201cNational Agriculture Insurance Scheme\u201d (NAIS) or
\n\u201cRashtriya Krishi Bima Yojana\u201d (RKBY) in 1999-2000. NAIS envisages coverage of all food crops (cereals and pulses), oilseeds, horticultural and commercial crops. It covers all farmers, both loanees and non-loanees, under the scheme.<\/p>\n