the NICL Memory Based General Awareness recruitment examination question paper for the post of which is conducted by National Insurance Corporation Limited is as given below:

NICL Memory Based General Awareness Question Paper

1. Which of the following is not the name of an Insurance Scheme launched by the Government of India
(A) ]anashree Bima Yojana
(B) Krishi Shramik Sarnajik Suraksha Yojana
(C) Shiksha Sahyog Yojana
(D) Varsha Bima Yojana
(E) National Saving Scheme Programme
Answer. D

2. Which of the following insurance companies writes its punch line in the advertisements "Insurance is he subject matter of solicitation"?
(A) CIC
(B) LIC
(C) ING Vysya Life Insurance Co.
(D) Tata AIG Life Insurance Co.
(E) None of these
Answer. B

3. How much Foreign Institutional Investment is allowed in insurance sector at present?
(A) 20%
(B) 46%
(C) 59%
(D) 63%
(E) None of these
Answer. E

4. How many public sector companies in India are in Insurance Business
(A) Only one
(B) Two
(C) Three
(D) Four
(E) More than ten
Answer. A

5. Which of the following was the parent company of New India Assurance ?
(A) LIC
(B) GIC
(C) Oriental Insurance Co. Ltd.
(D) United India Insurance
(E) None of these
Answer. B

6. Which of the following organizations of the workers of unorganized sector has adopted an insurance scheme for all its workers and has become a model organization for the workers of the unorganized sector ?
(A) SERC
(B) SEWA
(C) VSNL
(D) SEBI
(E) MTNL
Answer. B

7. Which of the following projects of the ISRO was recently insured by the New India Assurance Company ?
(A) MATSAT-II
(B) Aryabhatt
(C) PSLV
(D) Chandrayaan
(E) lNSAT—2E
Answer. C

8. Which of the following industrial groups of India is Not in any type of Insurance Business in India 7
(A) Tatas
(B) Birlas
(C)' Iaipurias
(D) Mahindras
(E) All are in Insurance Business
Answer. C

9. Which of the following words/ terms is closely associated with the insurance business
(A) Archives
(B) Donation
(C) Actuary
(D) Quest
(E) All are associated with
insurance
Answer. C

10. Which of the following is the abbreviated name of the agency / organization which is the regulator of insurance business in India ?
(A) NHB
(B) IRDA
(C) IBA
(D) IDFC
(E) ICRISAT
Answer. B

ll. Insurance services are normally not provided for which of the following?
(A) Health
(B) Life
(C) jobs
(D) House & Property
(E) It is available for all
Answer. C

12. The New India Assurance Company was established in 1919 by
(A) Dorab Tata
(B) G. D. Birla
(C) Iamunalal Baja]
(D) Kamlapat Singhania
(E) None of these
Answer. A

13. Which of the following is largest Non Life Insurance Company in India?
(A) ICICI Lombard General Insurance Company Ltd.
(B) United India Insurance Company Ltd.
(C) General Insurance Company Ltd.
(D). New India Assurance Company Ltd.
(E) None of these
Answer. D

14. Ramesh Pokhriyal has taken over as the new

(A) Chief Minister of Chhattisgarh
(B) Chief Minister of Uttarakhand
(C) Governor of Haryana
(D) Governor of Uttarakhand
(E) Governor of Chhattisgarh
Answer. B

15. As per the announcement made by the Govt. of India, which of the following organizations is set up by it for a very specific purpose of providing a personal identity card to all its citizens ?
(A) National Remote Sensing Agency
(B) Unique Identification
Authority of India (UIA)
(C) National Spot Exchange
(D) Trade Development Authority
(E) People's Union for Civil Liberties
Answer. B

16. Which of the following Insurance Companies was launched with NABARD as one of its promoter"s with 30% stake in it ?
(A) General Insurance Corporation Ltd.
(B) National Insurance Company Ltd.
(C) Agriculture Insurance Company Ltd,
(D) SBI Life Insurance Company Ltd.
(E) None of these
Answer. A

17. Who amongst the following is new Foreign Secretary of India 7
(A) Nirupama Rao
(B) Goolarn E. Vahanvati
(C) Brindeshwar Pathak
(D) Naveen Chawla
(E) None of these
v
Answer. A
18. Which of the following correctly describes what the 'Bancass-urance' is

1. It is an arrangement whereby the branches of a bank sell / distribute insurance products of an insurance company.
2. It is a new product developed/ launched by the banks in which the risks of the high value customers are covered for any losses to their property and/or lives through an insurance cover.
3, It is a new product launched by some banks by which they are providing insurance cover to exporters/ importers for the losses, if any due to high fluctuations in the exchange rates of dollars and other major currencies.
(A) Only 1
(B) Only2
(C) Only 3
(D) All 1, 2 and 3
(E) None of these
Answer. A

19, Which of the following is the abbreviated name of the organizations which provides credit guarantee
to exporters ?
(A) FICCI
(B) NABARD
(C) SIDBI
(D) ECGC
(E) SEBI
Answer. D

20. The Railway Budget 2009-10 was presented in the Lok Sabha (in Iuly 2009) by
(A) Lalu Prasad Yadav
(B) Kapil Sibal
(C) P. Chidambaram
(D) Mamata Banerjee
(E) Pranab Mukherjee
Answer. D