General Awareness Quiz 17th July- Question and Answer for Bank Exam

Table of Contents

The General Awareness section constitutes a major part of a competitive examination and needs your undivided attention. The questions which are asked in the exam are generally framed on National News, International News, State News, Sports, Awards, Summits, Schemes, Books & Authors, Ranks & Reports, Important Days, Economy, Defence, Science & Technology etc. To excel in this section of the competitive examinations you are required to cover the above area.

To complement your preparation for General Awareness section of the upcoming exams like SBI Clerk Mains and RBI Assistant Mains we are providing you General Awareness Quiz of 17th July 2020 covering the following topics: IRDAI, General Insurance Council, Daporijo bridge, New Development Bank.

Q1. Prithvi, Agni, Jal, Akash, Sabki Suraksha Hamare Paas is the slogan of-
(a) General Insurance Corporation of India
(b) Oriental Insurance Company Limited
(c) United India Insurance Company
(d) New India Assurance Company Limited
(e) National Insurance Company Limited

Q9. Which of the following is/are functions and duties of IRDAI?
(a) Registering and regulating insurance companies
(b) Protecting policyholders’ interests
(c) Licensing and establishing norms for insurance intermediaries
(d) Promoting professional organisations in insurance
(e) All of the above are functions and duties of IRDAI

Q3. The General Insurance Council has been constituted under section 64C of the Insurance Act, 1938 by-
(a) IRDAI
(b) Government of India
(c) Finance Ministry
(d) NABARD
(e) LIC

Q4. Name the insurance that is refers to liability insurance that is in excess of specified other policies and also potentially primary insurance for losses not covered by the other policies.
(a) Life Insurance
(b) Travel Insurance
(c) Motor Insurance
(d) Umbrella Insurance
(e) Flood Insurance

Q5. Where is the head office of General Insurance Council?
(a) Pune
(b) Chennai
(c) Mumbai
(d) New Delhi
(e) Kolkata

Solutions

S1. Ans.(b)
Sol. Prithvi, Agni, Jal, Akash, Sabki Suraksha Hamare Paas is the slogan of Oriental Insurance Company Limited (OICL).

S2. Ans.(e)
Sol. All of the above are functions and duties of IRDAI

S3. Ans.(a)
Sol. The General Insurance Council has been constituted under section 64C of the Insurance Act, 1938 since 2001 by the Insurance Regulatory and Development Authority of India (IRDAI). The General Insurance Council is an important link between the Insurance Regulatory and Development Authority of India and the non-Life insurance industry. It also pushes for the Industry’s issues with the Government. While the Council plays the role envisaged for it by the Insurance Act, it also facilitates overall growth for the industry in a fair and equitable manner in the interest of all stake holders.

S4. Ans.(d)
Sol. Umbrella insurance refers to liability insurance that is in excess of specified other policies and also potentially primary insurance for losses not covered by the other policies.

S5. Ans.(c)
Sol. The Head Office of General Insurance Council is in Mumbai.

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