Insurance Schemes Quiz
Practice quiz on Insurance Schemes (General Awareness). 10 exam-style questions with explanations.
About This Quiz
Insurance Schemes Quiz — Questions with Solutions
All 10 questions from this quiz with the correct answer and explanation. Attempt them yourself first, then open each solution to check your reasoning.
Q1.PMJJBY provides life insurance cover of
- A.Rs 5 lakh
- B.Rs 10 lakh
- C.Rs 2 lakh
- D.Rs 1 lakh
Show answer
Answer: C. Rs 2 lakh
Rs 2 lakh.
Q2.PMSBY provides accident insurance cover of up to
- A.Rs 2 lakh
- B.Rs 10 lakh
- C.Rs 5 lakh
- D.Rs 50,000
Show answer
Answer: A. Rs 2 lakh
Rs 2 lakh for death/full disability.
Q3.Ayushman Bharat PM-JAY provides health cover of up to
- A.Rs 1 lakh
- B.Rs 50 lakh
- C.Rs 10 lakh
- D.Rs 5 lakh per family per year
Show answer
Answer: D. Rs 5 lakh per family per year
Rs 5 lakh.
Q4.The insurance regulator in India is
- A.IRDAI
- B.NABARD
- C.RBI
- D.SEBI
Show answer
Answer: A. IRDAI
IRDAI.
Q5.LIC was established in
- A.1991
- B.1969
- C.1956
- D.1947
Show answer
Answer: C. 1956
1956.
Q6.Atal Pension Yojana is for
- A.Traders only
- B.Government employees only
- C.Unorganised sector workers
- D.Students
Show answer
Answer: C. Unorganised sector workers
Pension for unorganised sector.
Q7.ESI (Employees State Insurance) provides
- A.Housing loans
- B.Education loans
- C.Crop loans
- D.Medical and cash benefits
Show answer
Answer: D. Medical and cash benefits
Social insurance.
Q8.PMFBY covers
- A.Crop loss
- B.Houses
- C.Vehicles
- D.Life
Show answer
Answer: A. Crop loss
Crop insurance.
Q9.The 'premium' in insurance is
- A.Loan
- B.Amount paid for the policy
- C.Claim amount
- D.Tax
Show answer
Answer: B. Amount paid for the policy
Premium.
Q10.A term insurance plan provides
- A.Pension
- B.Maturity benefit always
- C.Loan
- D.Pure life cover
Show answer
Answer: D. Pure life cover
Pure protection.
Frequently Asked Questions
Is Insurance Schemes Quiz free to attempt on AajExam?
Yes. Insurance Schemes Quiz is completely free. You only need a free AajExam account to track your score, view detailed solutions and unlock cross-attempt analytics.
How long does it take to complete Insurance Schemes Quiz?
Insurance Schemes Quiz runs on a 10-minute timer in real exam-style conditions. The clock starts the moment you click Start, mirroring the time pressure of the actual exam.
Are detailed solutions provided?
Yes. Every question on Insurance Schemes Quiz ships with a complete step-by-step solution, the underlying concept, and (where applicable) shortcut tricks. You can also discuss any question with the AajExam community.
Can I attempt Insurance Schemes Quiz multiple times?
Yes. You can attempt this quiz as many times as you like. Each attempt is recorded separately so you can track improvement in score, accuracy and time-management.
Which government exams does this quiz prepare me for?
Insurance questions appear regularly in SSC CGL, CHSL, MTS, GD; IBPS PO, Clerk; SBI PO, Clerk; RRB NTPC, Group D; UPSC prelims and most State PSC exams. The specific weightage varies by exam — check the exam pattern on the corresponding AajExam exam page for details.