Banking Awareness Questions

1.What are the main functions performed by the IRDA?

Protect the rights of policy holders Adjudication on insurance related matters Promoting insurance business All of these

2.If an insurance policy holder is not satisfied with the award of the insurance ombudsman, he / she can approach to__?

Courts of law Consumer forums Either a or b The award of insurance ombudsman can not be challenged

3.Which one of the following is the example of Insurance depositories?

Central Insurance Repository Limited (CIRL) Karvy Insurance repository Limited NSDL Database Management Limited All of these

4.Which of the following is correct full form of IGMS with reference to insurance sector?

Integrated Grievance Management System Internal Grievance Management System Important Grievance Management System Integral Grievance Management System

5.Up to what extent, FDI in Insurance sector is allowed by the Government of India (GOI)?

26% 49% 51% 100%