Friday, 3 May 2013

G.K. For LIC A.A.O.

1.       In which of the following years the Government of India nationalized the general insurance business under the General Insurance Business (Nationalized) Act?
(1) 1970                                        (2) 1972
(3) 1976                                        (4) 1973
(5) 1981

2.       The small payment or series of regular payments made by the insured are:
(1) Interest                                 (2) Sum assured
(3) Premium                               (4) Either 1 or 2 is correct
(5) None of these

3.       One of the role of insurance in the development of economy is:
(1) To reduce inflation in the economy
(2) To give the financial support to the insurer
(3) Both 1 or 2 are correct
(4) Either 1 or 2
(5) None of these

4.       Suicide clause is applicable if the life insured committed suicide within one year from the:
(1) Date of Commencement of Policy
(2) Date of Policy revival
(3) Both 1 and 2
(4) Either 1 or 2
(5) None of these

5.       In the absence of utmost good faith the insurance contract becomes:
(1) Null and Void
(2) Void –ab-initio
(3) Wagering Contract
(4) Allium Fact per se
(5) None of these

6.       To avoid a contract after 2 years from the date of acceptance of risk, it is necessary for the insurer to establish that:
(1) The prosper was aware of the correct facts
(2) The statement by the proposer was inaccurate or false and material
(3) Both 1 & 2
(4) Either 1 & 2
(5) None of these

7.       The premium regarding permanent assurance whole life policies can be made payable:
(1) For a certain number of year
(2) Till survival
(3) Both 1 & 2
(4) Either 1 & 2
(5) None of these

8.       The Premium can be paid in lump sum of:
(1) Term insurance
(2) Market linked plan
3) Both 1 & 2
(4) Either 1 & 2
(5) None of these

9.       In case of Joint life policy after death of the spouse the future payment of premium is:
(1) Continued                            (2) Waived
(3) Forfeited                              (4) Deposited
(5) None of these

10.   Special investigation is necessary if death is occur within two years from:
(1) the date of commencement
(2) the date of revival
(3) either of the two
 (4) the date of maturity
(5) None of these


Answers:
1
2
6
3
2
3
7
3
3
1
8
3
4
3
9
2
5
1
10
3

18 comments:

Anonymous said...

Thanks sweetiepie.. :)

Anonymous said...

plz lic aao g.a capsule bhi apni site par de do......

Anonymous said...

my exam is going to be held on 11 may.Sir plz.............provide LIC AAO GK POWER CAPSULE.

Anonymous said...

thank you very much sir

Anonymous said...

sir gk power capsule for lic aao plz.....

Anonymous said...

Sir please try to provide answer with questions only at least for ga section so that it becomes easier while revising.. :)

deeksha said...

i m unable to understand question 6.can anybody explain.

Anonymous said...

my exam is going to be held on 11 may.Sir plz.............provide LIC AAO GK POWER CAPSULE.

Anonymous said...

please explain Q6

Anonymous said...

SIR PLEASE PROVIDE GK POWER CAPSULE FOR LIC AAO 2013 EXAM HELD ON 11TH

Anonymous said...

Sir please provide lic aao gk capsule...with lic policies ,insurance terms. Thank you.

Srishti Mathur said...
This comment has been removed by the author.
Abi said...

can anyone say is it true that the lic questions s going to change from previous year

Anonymous said...

please put up LIC AAO GK and current affairs compiled in question ans format

Chandra Mohan Pathak said...

Good knoweldge

Now or Never said...

2 saal ke ander policy holder ko pucha jata hai ki aap ko policy ke baare me di gayi jankari saaf hai aur agar customer ne kuch galat details diya jata hai toh ushko bhi sudhara jata hai.

Anonymous said...

bankersadda students ki bahut help karta hai.plz ibps PO ke notification ki agar koi jankari ho to bata dena

Anonomous said...

sir lic gk capsule plzzzzzz........

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