Q:

Reinsurance is the name given to:

A) An individual taking insurance for the second time	B) An insurer placing insurance with another insurer
C) When government by insurance policies for government employees	D) All the above

Answer & Explanation Answer: B) An insurer placing insurance with another insurer

Explanation:

Reinsurance is insurance that is purchased by an insurance company from one or more insurance companies (the "reinsurer") directly or through a broker as a means of risk management.

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Filed Under: General Awareness
Exam Prep: Bank Exams

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Q:

Who will be implementing the Varishtha Pension Bima Yojana scheme during financial year 2017-18?

A) National Insurance Company Limited	B) New India Assurance Company Limited
C) Life Insurance of Corporation of India	D) SBI Life Insurance Company Limited

Answer & Explanation Answer: C) Life Insurance of Corporation of India

Explanation:

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Exam Prep: Bank Exams

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Q:

In April 2017, Agriculture Ministry Unveiled Model APMC Act. This is to give more freedom to sell their produce. What does ‘M’ stand for in ‘APMC’ act?

A) Managing	B) Market
C) Modifying	D) Ministerial

Answer & Explanation Answer: B) Market

Explanation:

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Q:

Shahjahan built the Taj Mahal for?

A) Marjani	B) Mehbooba
C) Mehjabeen	D) Mumtaz

Answer & Explanation Answer: D) Mumtaz

Explanation:

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Q:

Ozone protects biosphere from ___________

A) X - rays	B) Gamma rays
C) Ultraviolet rays	D) Infrared rays

Answer & Explanation Answer: C) Ultraviolet rays

Explanation:

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

The General Anti-Avoidance Rule introduced in the 2012-13 budget speech by the then Finance Minister Pranab Mukherjee was finally implemented on ..............

A) 1 April 2016	B) 1 April 2015
C) 1 April 2017	D) 1 April 2018

Answer & Explanation Answer: C) 1 April 2017

Explanation:

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

What will you call a system of taxation under which the poorer sections are taxed at higher rates than the richer sections?

A) Progressive tax	B) Proportional tax
C) Regressive tax	D) Degressive tax

Answer & Explanation Answer: C) Regressive tax

Explanation:

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

In the following question, out of the four alternatives, select the word similar in meaning to the word given.

Atrocity

A) Difficulty	B) Barbarity
C) Shy	D) Gloomy

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