United India
Insurence Company Ltd. (A.A.O.) Exam., 2011 Solved Paper
(Held on 27-2-2011)
1. Which of the following is a General Insurance Company
functioning in India
?
(A) Life Insurance Corporation of India
(B) ICICI Prudential
(C) Tata AIG
(D) United India Insurance Company
(E) All are General Insurance Companies
2. Who amongst the following is the Regulator of Insurance
sector in India
?
(A) RBI
(B) AMFI
(C) IRDA
(D) SEBI
(E) All of these
3. Which of the following terms is NOT used in insurance sector
?
(A) Indemnity
(B) Coverage
(C) Misuse Alert
(D) Casualty
(E) Annuity
4. Which of the following Public Sector
companies/organizations provides insurance cover to exporters ?
(A) ECGC
(B) NABARD
(C) SIDBI
(D) IRDA
(E) None of these
5. The main feature of the National Agricultural Insurance
Scheme is to insure which of the following?
(A) Life of the farmer
(B) Crop of the farmer
(C) Animals who are used in agricultural activities
(D) Land of the farmer
(E) Both Land and family of the farmer
6. In which one of the following States was the first UID
card issued ?
(A) Gujarat
(B) Manipur
(C) Assam
(D) West Bengal
(E) Maharashtra
7. Which of the following books is written by Anita Desai ?
(A) Magic Seeds
(B) The Village by the Sea
(C) A Bend
in the River
(D) My God Died Young
(E) None of these
8. Expand the term MGNREGA—
(A) Mahatma Gandhi National Rural Employment Guarantee
Act
(B) Mahatma Gandhi National Rural Employment Guarantee
Agency
(C) Mahatma Gandhi National Rural Employment Generation Act
(D) Mahatma Gandhi National Rural Employment Generation
Agency
(E) None of these
9. Which of the following terms is used in the field of
finance and banking?
(A) Elasticity
(B) Inflation
(C) Pulse Rate
(D) Hot waves
(E) Plasma
10. With which one of the following sports, Saina Nehwal is
associated ?
(A) Chess
(B) Badminton
(C) Long Jump
(D) Lawn Tennis
(E) Table Tennis
11. Which one of the following States has passed a bill to
regulate the interest rates on micro-finance ?
(A) Odisha
(B) Haryana
(C) Karnataka
(D) Kerala
(E) Andhra Pradesh
12. Which of the following rates are reviewed by the RBI at
the time of periodical review of the policy ?
(a) Bank Rate
(b) Repo Rate
(c) Savings Bank Rate
(A) Only (a)
(B) Only (b)
(C) Both (a) and (b)
(D) All (a), (b) and (c)
(E) Only (c)
13. Which one of the following is not included in TAPI gas
project ?
(A) Turkmenistan
(B) Pakistan
(C) Afghanistan
(D) India
(E) Iran
14. Which one of the following States has passed a
legislation to confiscate the property of corrupt officials and to open schools
in these properties ?
(A) West Bengal
(B) Jharkhand
(C) Bihar
(D) Rajasthan
(E) Haryana
15. Brihadeeswara
Temple has recently
celebrated its millennium birthday. In which of the following States is it
located ?
(A) Karnataka
(B) Andhra Pradesh
(C) Kerala
(D) Odisha
(E) Tamil Nadu
16. In which one of the following States, Jaitapur Nuclear
Power plant is proposed to be set up ?
(A) Gujarat
(B) Haryana
(C) Odisha
(D) Karnataka
(E) Maharashtra
17. According to Planning Commission, in how many years
shall the per capita income in India
become double ?
(A) Nine
(B) Five
(C) Seven
(D) Three
(E) None of these
18. Expand the term IFRS.
(A) Indian Financial Reporting Standards
(B) Indian Financial Reporting Systems
(C) International Financial Reporting Standards
(D) International Financial Reporting Systems
(E) None of these
19. Who is Liu Xiaobo ?
(A) North Korean dissident, who has been awarded Nobel peace
prize
(B) Chinese citizen, who has been awarded Nobel peace
prize
(C) North Korean dissident, who has been awarded Nobel
literature prize
(D) Sportsman who was awarded maximum 8 Gold medals in
Commonwealth
(E) None of these
20. Who is Hardeep Puri ?
(A) India’s
permanent representative at UN
(B) Vice President, IMF
(C) Vice President, World Bank
(D) India’s
ambassador in USA
(E) India’s
ambassador in UK
21. With which one of the following games is Ishant Sharma
associated ?
(A) Chess
(B) Badminton
(C) Table Tennis
(D) Volley Ball
(E) Cricket
22. With which one of the following games, France’s
Zinedine Zidane is associated ?
(A) Hockey
(B) Football
(C) Snooker
(D) Volley Ball
(E) Base Ball
23. As per recent newspaper reports, which one of the
following countries was second largest importer of goods and services in the
world during year 2009-10 ?
(A) China
(B) USA
(C) Japan
(D) Russia
(E) India
24. According to RBI governor, which one of the following is
the challenge in its monetary policy ?
(A) Inflation
(B) Inflation and Supportive recovery
(C) Inflation and fiscal deficit
(D) Inflation and high cost of imports
(E) None of these
25. Which one of the following Public Sector Organisations
has offered largest ever equity offer ?
(A) SAIL
(B) Coal India
(C) Power Grid
(D) Shipping Corporation of India
(E) None of these
26. Through which one of the following sources domestic
funds are raised by Companies ?
(a) IPO only
(b) FPO only
(c) Commercial papers
(A) Only (a) and (b)
(B) All (a), (b) and (c)
(C) Only (a) and (c)
(D) Only (a)
(E) Only (c)
27. Which one of the following was the reason owing to which
Govt. want Reserve Bank of India
to tighten prudential norms for NBFCs ?
(A) To reduce liquidity in the market
(B) It is as per Basel II requirements
(C) It is as per Bank for International Settlement (BIS)
directives
(D) It is to protect NBFCs from any impact of possible
economic slowdown
(E) None of these
28. In the financial year 2009-10, which one of the
following Banks has made highest Total dividend Payout ?
(A) SBI
(B) PNB
(C) Bank of India
(D) Canara Bank
(E) None of these
29. In respect of which one of the following countries, India has
proposed non payments for import of crude oil ?
(A) Iran
(B) Iraq
(C) Kuwait
(D) Sudan
(E) U.A.E.
30. Through which one of the following methods, RBI has
allowed Indian companies to hedge exchange rate risks associated with trade
transactions ?
(A) Forwards
(B) FRA
(C) Swaps
(D) Currency options
(E) Cross currency options
31. Which of the following books is written by V. S. Naipaul
?
(A) A Handful of Dust
(B) A House for Mr. Biswas
(C) A Passage to India
(D) Darkness at Noon
(E) None of these
32. With which one of the following countries, India has
signed agreement to build Multi Model Transit Transport Project ?
(A) Bangladesh
(B) Myanmar
(C) Sri Lanka
(D) Nepal
(E) Maldives
33. Which one of the following countries is Number One
Country in terms of Purchasing Power ?
(A) USA
(B) Germany
(C) China
(D) South
Korea
(E) None of these
34. Which one of the following directions has been given by
Government to Civic bodies ?
(A) They must use 70 per cent of the funds for BPL families
(B) They must use 70 per cent of the funds for the poor
living within their jurisdiction
(C) They must use 25 per cent of the funds for BPL families
(D) They must use 25 per cent of the funds for the poor
living within their jurisdiction
(E) None of these
35. On which one of the following issues a group of business
leaders and other eminent citizens have expressed concern ?
(A) E-Governance
(B) Governance
(C) Fiscal deficit
(D) Governance deficit
(E) None of these
36. ‘Yuan’ is the currency of which one of the following
countries ?
(A) Japan
(B) South
Korea
(C) North Korea
(D) Taiwan
(E) China
37. Which one of the following is a leading power in 17
nation Euro Region ?
(A) Germany
(B) France
(C) Norway
(D) Greece
(E) Portugal
38. What are teaser loan rates charged by banks ?
(A) Fixed rate of interest charged by banks
(B) Floating rate of interest charged by banks
(C) Rate of interest in the initial period is less and
goes up subsequently
(D) Rate of interest in the initial period is more and it
goes down subsequently
(E) None of these
39. Expand the term FSDC which is used in financial sectors
?
(A) Financial Security and Development Council
(B) Financial Stability and Development Council
(C) Fiscal Security and Development Council
(D) Fiscal Stability and Development Council
(E) None of these
40. According to the 8th Annual Global Retail Development
Index (GRDI), which one of the following countries is ‘most attractive’ retail
market in the world ?
(A) China
(B) India
(C) UAE
(D) Saudi
Arabia
(E) Japan
41. Govt.’s ‘Food-for-work’ programme means—
(A) to pay in kind to work and build rural infrastructure
(B) supplying balanced diet to workers in rural areas
(C) no-work-no-pay principle
(D) ensuring enough food to rural worker-households
(E) None of these
42. The insurance companies collect a fixed amount from its
customers at a fixed interval of time. What
is it called ?
(A) Instalment
(B) Contribution
(C) Premium
(D) EMI
(E) Service Charge
43. Which of the following is/are the various types of
insurance ?
(a) Life Insurance
(b) Health Insurance
(c) Liability Insurance
(A) Only (a)
(B) Only (b)
(C) Only (c)
(D) All (a), (b) and (c)
(E) Only (a) and (b)
44. What is the full form of ‘ESOPs’ as seen in financial
newspapers ?
(A) Employee Stock Ownership Plan
(B) Executive Salary Options
(C) Emergency Stock Operations
(D) Early Sales Opportunities
(E) Executive Stock Ownership
45. Who are considered Super Senior Citizen as per budget
2011-12 ? Those who have completed a minimum age of—
(A) 65 years
(B) 70 years
(C) 75 years
(D) 80 years
(E) 90 years
46. Pohang Steel Company (POSCO) is a company originally
based in—
(A) China
(B) Vietnam
(C) USA
(D) Italy
(E) South
Korea
47. As per the revised data released by the Central Statistical
Organisation, the GDP growth in 2010 has been at which of the following levels
?
(A) 6%
(B) 6•5%
(C) 8%
(D) 7•5%
(E) None of these
48. Who amongst the following was awarded Padma Vibhushan
recently (2011) ?
(A) Kumar Mangalam Birla
(B) Harbhajan Singh
(C) Nirupama Rao
(D) Montek Singh Ahluwalia
(E) Saina Nehwal
49. Annual meeting of World Economic Forum was organized in
January 2011 in which of the following cities ?
(A) Davos
(B) Milan
(C) Tokyo
(D) London
(E) Lisbon
50. India
recently signed a deal on the sharing of Teesta and Feni river waters. This
agreement is signed with which of the following countries ?
(A) Nepal
(B) China
(C) Pakistan
(D) Bangladesh
(E) Bhutan
