Difference between insurance and assurance:, Insurance covers only liability, while assurance covers property., In insurance, the claim is certain, while in assurance, the claim is uncertain.No change, Insurance is generally short-term, while assurance is long-term and certain., Insurance is for capital growth, while assurance is for risk transfer., The “One District One Product” scheme focuses on developing which sector?, Tourism, Education, Handicrafts and Industries, Agriculture, The form of business organisation which is specifically found in India is:, Sole proprietorship, NGO, Cooperative society, Joint Hindu Family business, Cooperative Societies are compulsorily registered under which of the following Act:, The Companies Act, 2013, The Cooperative Societies Act, 1922, The Indian Contract Act, 1872, The Cooperative Societies Act, 1912, 💰➕💰➡️🛡️ What does these emojis represent?, Double Insurance, Reinsurance, Indemnity, Subrogation, Minimum number of members required to form a public company is:, 12, 7, 1, No limit, Which country hosted the BRICS summit in 2026?, India, China, Brazil, South Africa, Who was honoured with the Bharat Ratna in 2025?, Sachin Tendulkar, Lata Mangeshkar, Ratan Tata, M.S. Swaminathan, 🚢📦🌊➡️🛡️ This refers to:, Cargo Insurance, Property Insurance, Hull Insurance, Motor Insurance, A policy lapses when:, Premium is paid within grace period, Policyholder dies before policy term ends, Premium is not paid within grace period, Policy reaches maturity, 👬🤝🏪 This represents:, Sole Trader, Partnership Firm, Joint Stock Company, Cooperative Society, Amit is performing a business activity in which he enjoys all the profits and bears all the risk alone, which type of organisation do you think Amit is running:, Partnership, Company, Sole proprietorship, Joint stock company, Who has been appointed as the 15th Vice President of India in 2025?, Jagdeep Dhankhar, M. Venkaiah Naidu, G. Kishan Reddy, C.P. Radhakrishnan, ⚖️➡️🛡️🛡️ This principle means:, Contribution, Subrogation, Utmost Good Faith, Indemnity, How many Fundamental Duties are mentioned in the Indian Constitution?, 9, 10, 11, 12, The liability of the Karta is___, while that of the other members is ____, Limited; unlimited, Unlimited; limited, Limited; limited, Unlimited; unlimited, Sam is hosting a pizza party. She needs to prepare pizzas for her 12 friends. If each pizza has 8 slices and her friends can each eat 2 slices, how many pizzas will she need to prepare?, 3, 4, 6, 8, When did the Constitution of India come into effect?, 15th August, 1947, 26th February, 1948, 26th November, 1949, 26th January, 1950, A ___ partner contributes to the capital but does not participate in the management., Active, Dormant, Partner by estoppel, Partner by holding out, The Tropic of Cancer does not passes through which of the following state of India?, Orissa, West Bengal, Jharkhand, Rajasthan, Can a minor be a member in a Joint Hindu Family business:, Yes, No, Partially yes, Yes, if all the members make an agreement of entering him/her, The oldest Veda among the four is:, Sama Veda, Atharva Veda, Yajur Veda, Rig Veda, The Chipko Movement is related to:, Women Empowerment, Tree Conservation, Water Conservation, British withdrawal from India, What does UPI stand for?, Unified Payment Interface, Universal Payment Interface, Unique Personal ID, Unified Personal Interface, Find the next number in the series: 2, 6, 12, 20, 30, ?, 38, 42, 44, 40, The chief managing body of a company is:, Board of Directors, Shareholders, Debenture holders, All of these, If in a certain code, "CAT" is written as "3120", what is the code for "BAT"?, 2120, 2130, 3120, 2131, 🧑‍⚖️📑➡️💰 This step in insurance is:, Proposal, Claim Settlement, Policy Issue, Premium Collection, A private company is one which:, Limits the number of members, Restricts the transferability of shares, Prohibits the public to subscribe to its securities, All of these, Ravi said, "She is the daughter of my grandfather's only son." How is the woman related to Ravi?, Sister, Cousin, Aunt, Niece, Which among the following is not a capital of an Indian state?, Lucknow, Jaipur, Surat, Dehradun, Common seal of a company acts as its:, Official signature of the company, Signature of the Board of Directors, Signature of the promoters, Signature of the CEO, The Dayabhaga' system of Hindu undivided family business is prevalent in, West Bengal and Assam, Only in Maharashtra, All over India except West Bengal, Only in South India, The slogan "Do or Die" is associated with which movement?, Non-Cooperation Movement, Civil Disobedience Movement, Quit India Movement, Swadeshi Movement, If a Hindu inherits property from father, grandfather or great-grandfather, then such property is termed as, Willed property, Self-acquired property, Ancestral property, None of these, How many oceans are there in the world?, 5, 6, 4, 7, _____ is a document containing the rules and regulations for the internal management of the company., Memorandum of Association, Prospects, Charter of the company, Articles of Association, What is the full form of NASA?, National Agency for Scientific Association, National Administration and Space Aeronautics, National Agency for Scientific Administration, National Aeronautics and Space Administration, 40, 45, 50, 55, Which among the following is not representing a famous brand?, ⭐💸, 🌮🔔, 🔑 T 🐱, 🔮🍪, The green planet in the solar system is:, Neptune, Uranus, Venus, Earth, A policyholder who stops paying premiums and voluntarily terminates the policy may receive:, Surrender value, Death benefit, Bonus only, Commission, Which policy is specifically designed to provide financial support after retirement?, Marine policy, Annuity policy, Fire policy, Motor policy, The process of assessing the risk associated with an applicant is known as:, Claim settlement, Surrender, Underwriting, Assignment, 👤⚰️➡️👨‍👩‍👧💰This situation represents:, Maturity benefit, Death benefit paid to the nominee, Surrender value, Policy loan, 👴➡️💰➡️📅➡️💰 Which insurance product is represented?, Term insurance, Annuity, Marine insurance, Fire insurance, 🔍📋➡️⚖️➡️🛡️ What does this process represent in life insurance?, Underwriting, Nomination, Assignment, Claim payment, IRDAI stands for:, Insurance Regulatory and Development Authority of India, Indian Regulatory Department of Assurance and Insurance, Insurance and Risk Development Association of India, Indian Regulatory Authority for Development of Insurance, Which policy provides protection throughout the whole life, subject to policy terms?, ⏳🚗, ♾️❤️, 🚗🔥, 🔥🚗, Which policy generally provides both death and maturity benefits?, ⚰️⚰️, 🎯⚰️💰, 🚗💰, 🚢⚰️

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