lic mock test - Quiz Questions (Page 2 of 2)
This quiz contains 20 questions.
Question 11: What signifies financial awareness?
- Knowing economic trends (Correct Answer)
- Reading books
- Cooking skills
- Gardening
Question 12: What is a deductible in insurance?
- Amount paid before coverage (Correct Answer)
- Personal savings
- Company profit
- Insurance advertisement
Question 13: What do insurance policies help with?
- Financial safety (Correct Answer)
- Improving cooking
- Learning guitar
- Building houses
Question 14: Which document explains insurance terms?
- Policy document (Correct Answer)
- Tax return
- Passport
- Credit card
Question 15: What is a beneficiary?
- Receives insurance benefits (Correct Answer)
- Insurance agent
- Payment method
- Insurance plan
Question 16: How does life insurance benefit families?
- Provides financial support (Correct Answer)
- Offers job opportunities
- Improves health
- Guarantees loans
Question 17: What is underwriting in insurance?
- Evaluating risk for insurance (Correct Answer)
- Writing novels
- Calculating taxes
- Training staff
Question 18: What does term life insurance mean?
- Coverage for a period (Correct Answer)
- Lifetime coverage
- Car insurance
- Flight insurance
Question 19: What is the sum assured?
- Guaranteed payout (Correct Answer)
- Salary amount
- Savings interest
- Loan amount
Question 20: How often does an annual policy renew?
- Once a year (Correct Answer)
- Every month
- Every week
- Daily
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!
