General Awareness and Insurance Awareness Questions asked in LIC ADO Mains – August 11, 2019, Exam are listed below. If you have any more questions from the exam, then kindly share it in the comment section. General Awareness section is moderate to easy. It includes Current Affairs, Static GK, Banking Current Affairs and Static Banking Awareness/Financial Awareness. Most of the GA questions asked from the last six months(February to July). Insurance Awareness will be the deciding factor for all the aspirants to get the selection for the interview. The questions were quite difficult.
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Topic-wise Weight-age in General Awareness:
| Topic | Number of Questions asked |
| Current Affairs | 21 |
| Current Banking Awareness | 3 |
| Static GK | 1 |
- World Braille Day – January 4 – Covered in AC
- The Chief Guest of 2019 Republic Day parade – South African President Cyril Ramaphosa – Covered in AC
- The theme of World No Tobacco Day (WNTD )2019 is – “Tobacco and lung health” – Covered in AC
- Indian Navy chief – Karambir Singh – Covered in AC
- Prime Minister Narendra Modi was conferred with the highest civilian award, the Order of the Distinguished Rule of Izzudeen of – Maldives – Covered in AC
- The Current theme of World Environment day is – Air Pollution –
- The first Lokpal of India or anti-corruption watchdog is – Justice Pinaki Chandra Ghose – Covered in AC
Who among the following is the fastest Indian bowler to reach 100 ODI wickets? – Mohammed Shami – Covered in AC
- Sri Lanka ______ signed an agreement to jointly develop the East Container Terminal at the Colombo Port – Japan and India – Covered in AC
- Which of the following became the second-largest state-owned lender after merging Dena Bank and Vijaya Bank – Bank of Baroda (BOB) – Covered in AC
- The location of 2019 Pravasi Bharatiya Divas – Varanasi – Covered in AC
- Australian Open women’s winner 2019 – Naomi Osaka – Covered in AC
- Which of the following options is wrong?[Finance Minister – Piyush Goyal](Correct Options – Amit Shah – Home Minister, Rajnath Singh – Defence Minister, Thawar Chand Gehlot – Minister of Social Justice and Empowerment) – Covered in AC
- Which has become the first Arab country to be granted full membership of the Financial Action Task Force (FATF)? – Saudi Arabia – Covered in AC
- The Golden Globe Award for Best Film – Green Book – Covered in AC
- Which is the first US city to ban facial recognition – San Francisco
- Arunachal Pradesh CM – Pema Khandu – Covered in AC
- Executive Director for UN Women – Anita Bhatia – Covered in AC
- The 2019 G20 summit – Japan – Covered in AC
- 2023 Asian Cup Football Tournament – China – Covered in AC
- FIFA U20 World Cup Winner – Ukraine
- UN Security Council imposes arms embargo on South Sudan
- Which country demands social media details from visa applicants? – US
____ call for an open Indo-Pacific region – (India, Australia, Japan, US) – Covered in AC
- The Chairman of the Committee for Draft National Education Policy – Dr. K. Kasturirangan – Covered in AC
Insurance Awareness:
- IGMS stands for – Integrated Grievance Management System
- Who among the following is considered as the primary stakeholder in the insurance claim process? – Customer
- TPA stands for – Third-Party Administrator
- NAV stands for – Net Asset Value
- FPR stands for – First Premium Receipt
- 4P’s of marketing – Price, Product, Promotion, and Place.
- Which plan is exclusively designed for female lives having Aadhaar Card? LIC’s Aadhaar Shila Plan
- Origins of modern insurance business can be traced on – Lloyds
- An interest-bearing account in the public fund of the government, SCWF has been set up for promoting the welfare of senior citizens
- A prospectus is a formal legal document used by insurance companies that provides details about the product
- The Life Insurance Companies Act and the Provident Fund Act – 1912
- ___ is not an indicator of service quality. A. Cleverness B. Reliability C. Empathy D. Responsiveness
- Which among the following is not a pre-requisite for launching a complaint with the Ombudsman? A. The complaint must be by an individual on a “Personal Lines‟ insurance. B. The complaint must be lodged within 1 year of the insurer rejecting the complaint. C. Complainant has to approach a consumer forum prior to the Ombudsman. D. The total relief sought must be within an amount of Rs.20 lakhs
- . ____ involves pressure applied through criminal means. A. Fraud B. Undue influence C. Coercion. D. Mistake
- Who devised the concept of HLV? A. Dr. Martin Luther King B. Warren Buffet C. Prof. Hubener D. George Soros
- Which of the below is the most appropriate explanation for the fact that young people are charged lesser life insurance premium as compared to old people? A. Young people are mostly dependant.B. Old people can afford to pay more. C. Mortality is related to age. D. Mortality is inversely related to age
- An individual with an aggressive risk profile is likely to follow wealth ___investment style. A. Consolidation.B. Gifting C. Accumulation D. Spending
- Which among the following can be categorized under contingency products? A. Bank deposits B. Life insurance C. Shares. D. Bonds
- ____ is a rise in the general level of prices of goods and services in an economy over a period of time. A. Deflation B. Inflation C. Stagflation D. Hyperinflation
- Which among the following is an intangible product? A. Car B. House C. Life insurance D. Soap
- Which of the below is an example of an endowment assurance plan? A. Mortgage Redemption Plan B. Credit Life Insurance Plan C. Money Back Plan D. Whole Life Plan
- The sum assured under the keyman insurance policy is generally linked to which of the following? A. Keyman income B. Business profitability C. Business history D. Inflation index
- Who bears the investment risk in case of ULIPs? A. Insurer B. Insured C. State D. IRDA
- Which of the below is one of the ways of defining surplus? A. Excessive liabilities B. Excessive turnover C. Excess value of liabilities over assets D. Excess value of assets over liabilities
- In case the policyholder is not satisfied with the policy, he/she can return the policy within the free-look period i.e. within __of receiving the policy document. A. 60 days IB. 45 days C. 30 days D. 15 days
- Under risk classification, ___ consists of those whose anticipated mortality corresponds to the standard lives represented by the mortality table. A. Standard lives B. Preferred risks C. Sub-standard lives D. Declined lives
- Which among the following is not a pre-requisite for launching a complaint with
the Ombudsman?
A. The complaint must be by an individual on a ‘Personal Lines’ insurance
B. The complaint must be lodged within 1 year of the insurer rejecting the
complaint
C. Complainant has to approach a consumer forum prior to the Ombudsman
D. The total relief sought must be within an amount of Rs.20 lakhs. - The ______________ has jurisdiction to entertain complaints, where the value of the goods or services and the compensation claimed is up to Rs.20 lakhs.
A. District Forum
B. State Commission
C. Zilla Parishad
D. National Commission - Santosh has applied for a term insurance policy. His anticipated mortality is significantly lower than standard lives and hence could be charged a lower premium. Under risk classification, Santosh will be classified under
___________.
A. Standard lives
B. Preferred risks
C. Substandard lives
D. Declined lives - A claim under a life policy shall be paid or be disputed, within_____ from the date of
receipt of all relevant papers and clarifications required.
A. 7 days
B. 15 days
C. 30 days
D. 45 days
**Questions are collected purely based on the feedback from aspirants. If you find any error then kindly report it.
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