lic mock test - Quiz Questions (Page 1 of 2)
This quiz contains 20 questions.
Question 1: What is the full form of LIC?
- Life Insurance Corporation (Correct Answer)
- Loan Insurance Company
- Legal Information Council
- Light Insurance Corporation
Question 2: What is a premium in insurance terms?
- The cost of insurance (Correct Answer)
- The insurance benefit
- The insurance policy
- The insurance company
Question 3: What is the main purpose of life insurance?
- To provide financial security (Correct Answer)
- To buy a house
- To plan a vacation
- To get a loan
Question 4: Which ability is most tested in LIC exams?
- Reasoning (Correct Answer)
- Cooking
- Mechanics
- Dance
Question 5: Who regulates the insurance industry in India?
- IRDAI (Correct Answer)
- SEBI
- RBI
- NABARD
Question 6: What does IRDAI stand for?
- Insurance Regulatory and Development Authority of India (Correct Answer)
- Indian Reserve Development Authority
- International Regulation Department Agency
- Insurance Reserve and Development Agency
Question 7: What is a claim in insurance?
- Request for payment (Correct Answer)
- A savings account
- A tax form
- An insurance worker
Question 8: Which type of insurance covers vehicle damage?
- Auto insurance (Correct Answer)
- Life insurance
- Health insurance
- Travel insurance
Question 9: What is a policyholder?
- Person with insurance policy (Correct Answer)
- Investor in shares
- Property owner
- Bank manager
Question 10: What is numerical aptitude?
- Ability to solve math problems (Correct Answer)
- Skill in drawing
- Talent for languages
- Knowledge of history
Welcome to our LIC mock test quiz. This test helps you practice questions on insurance basics, financial awareness, reasoning, numerical skills, and simple English. Designed for those preparing for LIC exams in India, the quiz gives you a clear idea of what to expect. Enjoy the practice and build your confidence for the real exam!
