IBPS PO General Awareness: Insurance and Risk Management questions with solutions

Q1. In a bid to raise awareness about the importance of life insurance, the industry has come together with which tagline as part of its media campaign?

1. Jindagi ke sath bhi jindagi ke bad bhi
2. Sabse Pehle Life Insurance
3. Sabse Achha Jeevan Beema
4. Sabse Pahle Apni Suraksha

Answer: Sabse Pahle Apni Suraksha

The campaign tagline mentioned in the question is the one adopted to promote awareness about life insurance as a protective financial product. Among the options, 'Sabse Pahle Apni Suraksha' best matches that campaign theme.

Q2. Which of the following is India's oldest insurance company?

1. New India Assurance Company
2. Life Insurance Corporation of India
3. Oriental Insurance Company Limited
4. United India Insurance Company

Answer: Oriental Insurance Company Limited

Oriental Insurance Company Limited is considered one of India's oldest insurance companies among the given options. The other options are either newer or belong to a different category of insurance institutions.

Q3. What improves performance tracking in insurance sales?

1. Irregular evaluations
2. Timely sales reviews
3. Ignoring progress reports
4. Avoiding meetings

Answer: Timely sales reviews

Timely sales reviews help track performance effectively by providing regular feedback and monitoring. The other options reduce oversight or delay evaluation, which hurts performance tracking.

Q4. Life Insurance Council has decided to launch the insurance industry's first joint mass media campaign with the slogan: A) Sabse Pehle Life Insurance B) Pehle Life Insurance Sabse Pratham Jeevan Bima C) Placeholder for missing option D) Pehle kro Jeevan Bima

1. Sabse Pehle Life Insurance
2. Pehle Life Insurance Sabse Pratham Jeevan Bima
3. Placeholder for missing option
4. Pehle kro Jeevan Bima

Answer: Sabse Pehle Life Insurance

The Life Insurance Council launched a joint mass media campaign with the slogan 'Sabse Pehle Life Insurance.' The other options are either incorrect phrasing or placeholders. So the correct answer is the first option.

Q5. Who was the chairman of LIC, appointed in March 2019?

1. MR Kumar
2. Vipin Kumar
3. Susheel Kumar
4. Rajeev Kumar

Answer: MR Kumar

M. R. Kumar was appointed chairman of LIC in March 2019. The option text in the source appears OCR-corrupted as 'Rajeev Kumar', but the intended correct answer is MR Kumar.

Q6. Which report helps monitor monthly insurance achievements?

1. Expense report
2. Customer complaint report
3. Sales performance report
4. Attendance sheet

Answer: Sales performance report

Monthly insurance achievements are best monitored through a sales performance report because it tracks business output, targets, and progress. Expense reports, complaint reports, and attendance sheets do not directly measure achievement levels.