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IRDAI Demo Questions

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Sample Question Bank

For the Hyderabad compliance desk, six applicants Kabir, Leela, Mihir, Aarav, Bhavya, Charu selected one product each from health policy, motor cover, annuity, crop cover, reinsurance treaty, term plan and completed training in different months: January, March, May, July, September, November. Kabir chose health policy in January. Mihir completed training immediately after Leela. Bhavya chose reinsurance treaty two slots after the person who chose annuity. Charu completed training in November and did not choose crop cover. Aarav chose crop cover. Who completed training in July?

+1-0.25
MCQ
A
Mihir
B
Charu
C
Bhavya
D
Aarav
IRDAI-Assistant-ManagerPhase-1section-reasoningscheduling-puzzledifficulty-3practice-test-01question-11

For the Hyderabad compliance desk, six applicants Kabir, Leela, Mihir, Aarav, Bhavya, Charu selected one product each from health policy, motor cover, annuity, crop cover, reinsurance treaty, term plan and completed training in different months: January, March, May, July, September, November. Kabir chose health policy in January. Mihir completed training immediately after Leela. Bhavya chose reinsurance treaty two slots after the person who chose annuity. Charu completed training in November and did not choose crop cover. Aarav chose crop cover. Which product is associated with Bhavya?

+1-0.25
MCQ
A
annuity
B
term plan
C
reinsurance treaty
D
motor cover
IRDAI-Assistant-ManagerPhase-1section-reasoningscheduling-puzzledifficulty-3practice-test-01question-12

For the Hyderabad compliance desk, six applicants Kabir, Leela, Mihir, Aarav, Bhavya, Charu selected one product each from health policy, motor cover, annuity, crop cover, reinsurance treaty, term plan and completed training in different months: January, March, May, July, September, November. Kabir chose health policy in January. Mihir completed training immediately after Leela. Bhavya chose reinsurance treaty two slots after the person who chose annuity. Charu completed training in November and did not choose crop cover. Aarav chose crop cover. Who completed training immediately before Mihir?

+1-0.25
MCQ
A
Leela
B
Aarav
C
Bhavya
D
Kabir
IRDAI-Assistant-ManagerPhase-1section-reasoningscheduling-puzzledifficulty-3practice-test-01question-13

For the Hyderabad compliance desk, a circular asks insurers to disclose commission-related information more prominently. What is the strongest objective behind this requirement?

+1-0.25
MCQ
A
Preventing every policy lapse
B
Replacing solvency supervision
C
Guaranteeing all claims
D
Improving transparency for customers before purchase
IRDAI-Assistant-ManagerPhase-1section-reasoningcritical-reasoningdifficulty-3practice-test-01question-32

For the Hyderabad compliance desk, a company reports fast premium growth but a sharply worsening claims ratio. Which inference is most reasonable?

+1-0.25
MCQ
A
Premium growth removes the need for reserves
B
Growth quality should be examined along with underwriting and pricing
C
The company is automatically more solvent
D
All claims must be rejected
IRDAI-Assistant-ManagerPhase-1section-reasoningcritical-reasoningdifficulty-3practice-test-01question-33

For the Mumbai claims-review desk, a regulator observes that claim complaints fell after insurers were required to send clearer exclusion summaries. Which assumption best supports the observation?

+1-0.25
MCQ
A
Policyholders were earlier misunderstanding exclusions due to unclear communication
B
Exclusions are no longer part of policies
C
Clearer summaries reduce premium income automatically
D
All claim complaints are false
IRDAI-Assistant-ManagerPhase-1section-reasoningcritical-reasoningdifficulty-3practice-test-02question-30

For the Hyderabad compliance desk, in a code language, CLAIM is written as FODLP. How will POLICY be written using the same rule?

+1-0.25
MCQ
A
ROLFBS
B
SROLFB
C
POLICY
D
BFLORS
IRDAI-Assistant-ManagerPhase-1section-reasoningcoding-decodingdifficulty-2practice-test-01question-34

For the Hyderabad compliance desk, in a code language, RIDER is written as VMHIV. How will BROKER be written using the same rule?

+1-0.25
MCQ
A
VIOSVF
B
VSOIVF
C
BROKER
D
FVSOIV
IRDAI-Assistant-ManagerPhase-1section-reasoningcoding-decodingdifficulty-2practice-test-01question-35

For the Mumbai claims-review desk, in a code language, CLAIM is written as GPEMQ. How will POLICY be written using the same rule?

+1-0.25
MCQ
A
CGMPST
B
TSPMGC
C
POLICY
D
SPMGCT
IRDAI-Assistant-ManagerPhase-1section-reasoningcoding-decodingdifficulty-2practice-test-02question-34

For the Hyderabad compliance desk, a word-arrangement machine sorts words first by increasing word length and then alphabetically for words of the same length. For the input "claim audit premium solvency rider policy", which word will be placed fourth in the final output?

+1-0.25
MCQ
A
solvency
B
audit
C
policy
D
rider
IRDAI-Assistant-ManagerPhase-1section-reasoninginput-outputdifficulty-3practice-test-01question-36

For the Hyderabad compliance desk, a word-arrangement machine sorts words first by increasing word length and then alphabetically for words of the same length. For the input "broker health annuity reserve motor lapse", which word will be placed fourth in the final output?

+1-0.25
MCQ
A
health
B
lapse
C
broker
D
reserve
IRDAI-Assistant-ManagerPhase-1section-reasoninginput-outputdifficulty-3practice-test-01question-37

For the Hyderabad compliance desk, a word-arrangement machine sorts words first by increasing word length and then alphabetically for words of the same length. For the input "capital margin treaty agency renewal cover", which word will be placed fourth in the final output?

+1-0.25
MCQ
A
renewal
B
margin
C
cover
D
treaty
IRDAI-Assistant-ManagerPhase-1section-reasoninginput-outputdifficulty-3practice-test-01question-38

In a policyholder communication note, read the passage carefully: "Insurance regulation balances policyholder protection with the need for insurers to remain financially sound. A regulator therefore monitors solvency, market conduct, disclosure, product design and grievance handling together. A firm may appear healthy if premium grows quickly, but weak underwriting or poor persistency can still create future stress." What is the central idea of the passage?

+1-0.25
MCQ
A
Disclosure is unrelated to policyholders
B
Regulation must examine both financial strength and conduct
C
Premium growth alone proves strength
D
Solvency monitoring is unnecessary
IRDAI-Assistant-ManagerPhase-1section-english-languagereading-comprehensiondifficulty-3practice-test-01question-41

In a policyholder communication note, read the passage carefully: "Financial inclusion in insurance requires more than product availability. Products must be affordable, understandable, accessible through trusted channels and supported by fair claims service. If households buy cover without understanding exclusions, inclusion may increase sales but not protection." Which condition is emphasized as necessary for meaningful inclusion?

+1-0.25
MCQ
A
Only high premiums matter
B
Exclusions should be hidden
C
Sales volume alone is sufficient
D
Products must be understood and supported by fair service
IRDAI-Assistant-ManagerPhase-1section-english-languagereading-comprehensiondifficulty-3practice-test-01question-42

In a policyholder communication note, read the passage carefully: "Insurance regulation balances policyholder protection with the need for insurers to remain financially sound. A regulator therefore monitors solvency, market conduct, disclosure, product design and grievance handling together. A firm may appear healthy if premium grows quickly, but weak underwriting or poor persistency can still create future stress." Which risk is specifically implied when premium grows quickly but underwriting is weak?

+1-0.25
MCQ
A
Complete absence of lapse risk
B
Automatic improvement in solvency
C
Guaranteed fall in claims
D
Future financial stress despite current growth
IRDAI-Assistant-ManagerPhase-1section-english-languagereading-comprehensiondifficulty-3practice-test-01question-43

In a policyholder communication note, choose the most appropriate word to complete the sentence: A regulator may require clearer policy wording because ambiguity can ___ trust.

+1-0.25
MCQ
A
erode
B
inflate
C
outsource
D
evade
IRDAI-Assistant-ManagerPhase-1section-english-languagecloze-fillersdifficulty-2practice-test-01question-49

In a policyholder communication note, choose the most appropriate word to complete the sentence: Solvency norms are designed to ensure that insurers can ___ obligations as they fall due.

+1-0.25
MCQ
A
advertise
B
postpone
C
ignore
D
meet
IRDAI-Assistant-ManagerPhase-1section-english-languagecloze-fillersdifficulty-2practice-test-01question-50

In a policyholder communication note, choose the most appropriate word to complete the sentence: A disclosure is useful only when it is timely, prominent and ___ to the customer.

+1-0.25
MCQ
A
decorative
B
avoidable
C
silent
D
understandable
IRDAI-Assistant-ManagerPhase-1section-english-languagecloze-fillersdifficulty-2practice-test-01question-51

In a policyholder communication note, choose the grammatically correct version of the sentence used in formal office communication: "The committee has recommended that every complaint is acknowledged within the prescribed timeline."

+1-0.25
MCQ
A
The committee has recommend that every complaint is acknowledged within the prescribed timeline.
B
No correction required
C
The committee have recommended that every complaint is acknowledged within the prescribed timeline.
D
The committee has recommended every complaint are acknowledged within the prescribed timeline.
IRDAI-Assistant-ManagerPhase-1section-english-languagesentence-correctiondifficulty-2practice-test-01question-55

In a policyholder communication note, choose the grammatically correct version of the sentence used in formal office communication: "The data indicate that health premiums grew faster than motor premiums."

+1-0.25
MCQ
A
The data indicating health premiums grew faster than motor premiums.
B
No correction required
C
The data indicate that health premium grows faster than motor premiums yesterday.
D
The data indicates that health premiums grew faster than motor premiums.
IRDAI-Assistant-ManagerPhase-1section-english-languagesentence-correctiondifficulty-2practice-test-01question-56

In a policyholder communication note, choose the grammatically correct version of the sentence used in formal office communication: "Each of the claim files have been reviewed by the audit team."

+1-0.25
MCQ
A
Each of claim files has reviewed by audit team.
B
Each of the claim files has been reviewed by the audit team.
C
No correction required
D
Each claim files have been reviewed by audit team.
IRDAI-Assistant-ManagerPhase-1section-english-languagesentence-correctiondifficulty-2practice-test-01question-57

In a policyholder communication note, arrange the following sentences into a coherent paragraph: A. A complaint is first registered. B. The insurer examines policy records and claim documents. C. A reasoned response is sent to the policyholder. D. Unresolved cases may be escalated through the grievance mechanism.

+1-0.25
MCQ
A
DABC
B
BCAD
C
ACDB
D
ABCD
IRDAI-Assistant-ManagerPhase-1section-english-languagepara-jumbledifficulty-2practice-test-01question-63

In a policyholder communication note, arrange the following sentences into a coherent paragraph: A. The regulator identifies a conduct risk. B. It consults stakeholders and examines market evidence. C. A circular or regulation is issued. D. Supervised entities implement and report compliance.

+1-0.25
MCQ
A
CBAD
B
BACD
C
ADCB
D
ABCD
IRDAI-Assistant-ManagerPhase-1section-english-languagepara-jumbledifficulty-2practice-test-01question-64

In a policyholder communication note, arrange the following sentences into a coherent paragraph: A. Persistency data is collected. B. Lapse patterns are analysed by channel and product. C. Corrective measures are designed. D. Renewal experience is monitored after implementation.

+1-0.25
MCQ
A
DACB
B
ABCD
C
BCDA
D
ABDC
IRDAI-Assistant-ManagerPhase-1section-english-languagepara-jumbledifficulty-2practice-test-01question-65

In a policyholder communication note, choose the meaning of the phrase in context: "The new rule will come into force after the transition period."

+1-0.25
MCQ
A
be optional forever
B
be hidden
C
become effective
D
become invalid
IRDAI-Assistant-ManagerPhase-1section-english-languagephrase-meaningdifficulty-2practice-test-01question-69

In a policyholder communication note, choose the meaning of the phrase in context: "The audit finding brought to light gaps in claim communication."

+1-0.25
MCQ
A
postponed
B
revealed
C
weakened
D
concealed
IRDAI-Assistant-ManagerPhase-1section-english-languagephrase-meaningdifficulty-2practice-test-01question-70

In a policyholder communication note, choose the meaning of the phrase in context: "The insurer must carry out due diligence before appointing a distributor."

+1-0.25
MCQ
A
make a casual guess
B
cancel every appointment
C
perform careful verification
D
avoid all checks
IRDAI-Assistant-ManagerPhase-1section-english-languagephrase-meaningdifficulty-2practice-test-01question-71

In a policyholder communication note, choose the closest meaning of "mitigate" in regulatory writing.

+1-0.25
MCQ
A
magnify
B
hide
C
delay
D
reduce
IRDAI-Assistant-ManagerPhase-1section-english-languagevocabularydifficulty-1practice-test-01question-75

In a policyholder communication note, choose the closest meaning of "prudent" in regulatory writing.

+1-0.25
MCQ
A
careful and sensible
B
reckless
C
decorative
D
uncertain
IRDAI-Assistant-ManagerPhase-1section-english-languagevocabularydifficulty-1practice-test-01question-76

In a policyholder communication note, choose the closest meaning of "resilient" in regulatory writing.

+1-0.25
MCQ
A
opaque
B
fragile
C
careless
D
able to recover
IRDAI-Assistant-ManagerPhase-1section-english-languagevocabularydifficulty-1practice-test-01question-77

Using the life-insurance portfolio, the table gives premium collected, in crore rupees, by four segments over four years. Life: 1520, 1610, 1760, 1820; Health: 1350, 1410, 1490, 1570; Motor: 1430, 1450, 1510, 1560; Crop: 1220, 1250, 1280, 1310 for 2022, 2023, 2024, 2025 respectively. What is the total premium of Health and Motor together in 2025?

+1-0.25
MCQ
A
Rs 3,070
B
Rs 140
C
Rs 3,130
D
Rs 3,000
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudetable-didifficulty-3practice-test-01question-81

Using the life-insurance portfolio, the table gives premium collected, in crore rupees, by four segments over four years. Life: 1520, 1610, 1760, 1820; Health: 1350, 1410, 1490, 1570; Motor: 1430, 1450, 1510, 1560; Crop: 1220, 1250, 1280, 1310 for 2022, 2023, 2024, 2025 respectively. By what percent did Health premium increase from 2022 to 2025 approximately?

+1-0.25
MCQ
A
40%
B
65%
C
16.3%
D
22%
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudetable-didifficulty-3practice-test-01question-82

Using the life-insurance portfolio, the table gives premium collected, in crore rupees, by four segments over four years. Life: 1520, 1610, 1760, 1820; Health: 1350, 1410, 1490, 1570; Motor: 1430, 1450, 1510, 1560; Crop: 1220, 1250, 1280, 1310 for 2022, 2023, 2024, 2025 respectively. What is the average annual Motor premium for the four years?

+1-0.25
MCQ
A
Rs 2,880
B
Rs 1,560
C
Rs 1,488
D
Rs 5,950
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudetable-didifficulty-3practice-test-01question-83

Using the life-insurance portfolio, if x satisfies x^2 - 11x + 30 = 0 and y = 7, compare x and y using both roots of x.

+1-0.25
MCQ
A
x equals y for both roots
B
Relationship cannot be determined
C
x is always less than y
D
x is always greater than y
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudequadratic-equationsdifficulty-2practice-test-01question-86

Using the life-insurance portfolio, if x satisfies x^2 - 13x + 42 = 0 and y = 8, compare x and y using both roots of x.

+1-0.25
MCQ
A
x is always greater than y
B
Relationship cannot be determined
C
x equals y for both roots
D
x is always less than y
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudequadratic-equationsdifficulty-2practice-test-01question-87

Using the life-insurance portfolio, if x satisfies x^2 - 15x + 56 = 0 and y = 9, compare x and y using both roots of x.

+1-0.25
MCQ
A
x is always less than y
B
x is always greater than y
C
x equals y for both roots
D
Relationship cannot be determined
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudequadratic-equationsdifficulty-2practice-test-01question-88

Using the life-insurance portfolio, find the missing term: 64, 81, 100, 121, ?

+1-0.25
MCQ
A
144
B
81
C
153
D
137
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudenumber-seriesdifficulty-2practice-test-01question-91

Using the life-insurance portfolio, find the missing term: 81, 100, 121, 144, ?

+1-0.25
MCQ
A
162
B
100
C
178
D
169
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudenumber-seriesdifficulty-2practice-test-01question-92

Using the life-insurance portfolio, find the missing term: 100, 121, 144, 169, ?

+1-0.25
MCQ
A
196
B
205
C
189
D
121
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudenumber-seriesdifficulty-2practice-test-01question-93

Using the life-insurance portfolio, what is the compound interest on Rs 31,500 at 8% per annum for 2 years, compounded annually?

+1-0.25
MCQ
A
Rs 5,040
B
Rs 5,992
C
Rs 5,242
D
Rs 36,742
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudecompound-interestdifficulty-2practice-test-01question-96

Using the life-insurance portfolio, what is the compound interest on Rs 34,000 at 9% per annum for 2 years, compounded annually?

+1-0.25
MCQ
A
Rs 7,145
B
Rs 6,120
C
Rs 6,395
D
Rs 40,395
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudecompound-interestdifficulty-2practice-test-01question-97

Using the life-insurance portfolio, what is the compound interest on Rs 36,500 at 10% per annum for 2 years, compounded annually?

+1-0.25
MCQ
A
Rs 44,165
B
Rs 8,415
C
Rs 7,300
D
Rs 7,665
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudecompound-interestdifficulty-2practice-test-01question-98

Using the life-insurance portfolio, a mixture contains 30 litres of liquid A and 11 litres of liquid B. If 5 litres of liquid B is added, what is the new ratio of A to B?

+1-0.25
MCQ
A
35:11
B
30:16
C
30:11
D
16:30
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudemixture-alligationdifficulty-2practice-test-01question-102

Using the life-insurance portfolio, a mixture contains 34 litres of liquid A and 12 litres of liquid B. If 6 litres of liquid B is added, what is the new ratio of A to B?

+1-0.25
MCQ
A
18:34
B
40:12
C
34:12
D
34:18
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudemixture-alligationdifficulty-2practice-test-01question-103

Using the life-insurance portfolio, a mixture contains 38 litres of liquid A and 13 litres of liquid B. If 7 litres of liquid B is added, what is the new ratio of A to B?

+1-0.25
MCQ
A
38:13
B
45:13
C
38:20
D
20:38
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudemixture-alligationdifficulty-2practice-test-01question-104

Using the life-insurance portfolio, a, B and C invest in the ratio 3:5:7. If total profit is Rs 61,000, what is B's share?

+1-0.25
MCQ
A
Rs 12,200
B
Rs 20,333
C
Rs 24,400
D
Rs 28,467
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudepartnershipdifficulty-2practice-test-01question-107

Using the life-insurance portfolio, a, B and C invest in the ratio 4:6:8. If total profit is Rs 69,000, what is B's share?

+1-0.25
MCQ
A
Rs 26,833
B
Rs 23,000
C
Rs 30,667
D
Rs 15,333
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudepartnershipdifficulty-2practice-test-01question-108

Using the life-insurance portfolio, a, B and C invest in the ratio 5:7:9. If total profit is Rs 77,000, what is B's share?

+1-0.25
MCQ
A
Rs 18,333
B
Rs 25,667
C
Rs 33,000
D
Rs 29,333
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudepartnershipdifficulty-2practice-test-01question-109

Using the life-insurance portfolio, a can complete a report in 13 days and B in 18 days. Working together, they lose output equivalent to one person doing the work in 36 days due to rechecking. Approximately how many days are needed?

+1-0.25
MCQ
A
12.6 days
B
9.6 days
C
7.5 days
D
7.0 days
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudetime-workdifficulty-3practice-test-01question-112

Using the life-insurance portfolio, a can complete a report in 14 days and B in 19 days. Working together, they lose output equivalent to one person doing the work in 38 days due to rechecking. Approximately how many days are needed?

+1-0.25
MCQ
A
8.1 days
B
10.2 days
C
7.0 days
D
13.2 days
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudetime-workdifficulty-3practice-test-01question-113

Using the life-insurance portfolio, a can complete a report in 15 days and B in 20 days. Working together, they lose output equivalent to one person doing the work in 40 days due to rechecking. Approximately how many days are needed?

+1-0.25
MCQ
A
7.0 days
B
8.6 days
C
13.9 days
D
10.9 days
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudetime-workdifficulty-3practice-test-01question-114

Using the life-insurance portfolio, a boat covers 120 km upstream. Speed in still water is 45 km/h and stream speed is 6 km/h. What time is required?

+1-0.25
MCQ
A
4.08 hours
B
2.35 hours
C
39.00 hours
D
3.08 hours
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudeboats-streamsdifficulty-2practice-test-01question-117

Using the life-insurance portfolio, a boat covers 140 km upstream. Speed in still water is 50 km/h and stream speed is 6 km/h. What time is required?

+1-0.25
MCQ
A
2.50 hours
B
44.00 hours
C
4.18 hours
D
3.18 hours
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudeboats-streamsdifficulty-2practice-test-01question-118

Using the life-insurance portfolio, a boat covers 160 km upstream. Speed in still water is 55 km/h and stream speed is 6 km/h. What time is required?

+1-0.25
MCQ
A
3.27 hours
B
2.62 hours
C
49.00 hours
D
4.27 hours
IRDAI-Assistant-ManagerPhase-1section-quantitative-aptitudeboats-streamsdifficulty-2practice-test-01question-119

For insurance-sector awareness, which statement correctly describes the composition of the Authority under the IRDAI Act, 1999?

+1-0.25
MCQ
A
Only elected members of Parliament
B
Seven directors appointed by insurers
C
A governor and four deputy governors
D
A chairperson, five whole-time members and four part-time members
IRDAI-Assistant-ManagerPhase-1section-general-awarenessirdai-compositiondifficulty-3practice-test-01question-121

For insurance-sector awareness, choose the correct statement: Where is the head office of IRDAI located?

+1-0.25
MCQ
A
New Delhi
B
Mumbai
C
Kolkata
D
Hyderabad
IRDAI-Assistant-ManagerPhase-1section-general-awarenessirdai-hqdifficulty-2practice-test-01question-122

For insurance-sector awareness, in the Indian insurance and financial system, insurance penetration is calculated as insurance premium as a percentage of what?

+1-0.25
MCQ
A
GDP
B
Fiscal deficit
C
Bank deposits
D
Population
IRDAI-Assistant-ManagerPhase-1section-general-awarenessinsurance-penetrationdifficulty-2practice-test-01question-123

For insurance-sector awareness, insurance density is commonly measured as what?

+1-0.25
MCQ
A
Solvency margin divided by agents
B
Claims divided by expenses
C
Premium divided by GDP
D
Per-capita insurance premium
IRDAI-Assistant-ManagerPhase-1section-general-awarenessinsurance-densitydifficulty-2practice-test-01question-124

For insurance-sector awareness, choose the correct statement: As reported for FY 2024-25, India’s overall insurance penetration was approximately what?

+1-0.25
MCQ
A
1.0%
B
7.3%
C
3.7%
D
10.0%
IRDAI-Assistant-ManagerPhase-1section-general-awarenessfy25-penetrationdifficulty-2practice-test-01question-125

For insurance-sector awareness, in the Indian insurance and financial system, as reported for FY 2024-25, India’s insurance density was approximately what?

+1-0.25
MCQ
A
USD 97
B
USD 943
C
USD 25
D
USD 388
IRDAI-Assistant-ManagerPhase-1section-general-awarenessfy25-densitydifficulty-2practice-test-01question-126

For insurance-sector awareness, in FY 2024-25, life insurance accounted for approximately what share of total premium income?

+1-0.25
MCQ
A
About 10%
B
About 1%
C
About 74%
D
About 41%
IRDAI-Assistant-ManagerPhase-1section-general-awarenesslife-sharedifficulty-2practice-test-01question-127

For insurance-sector awareness, choose the correct statement: In FY 2024-25, health insurance was noted as the leading non-life business line with roughly what share of gross domestic premium?

+1-0.25
MCQ
A
91%
B
41%
C
10%
D
74%
IRDAI-Assistant-ManagerPhase-1section-general-awarenesshealth-nonlife-sharedifficulty-3practice-test-01question-128

For insurance-sector awareness, in the Indian insurance and financial system, the Bima Trinity is generally associated with which set of initiatives?

+1-0.25
MCQ
A
Bima Sugam, Bima Vahak and Bima Vistaar
B
NEFT, RTGS and UPI
C
SEBI, RBI and PFRDA
D
PMJJBY, PMSBY and APY
IRDAI-Assistant-ManagerPhase-1section-general-awarenessbima-trinitydifficulty-2practice-test-01question-129

For insurance-sector awareness, iRDAI’s Insurance for All vision targets which year?

+1-0.25
MCQ
A
2030
B
2055
C
2047
D
2028
IRDAI-Assistant-ManagerPhase-1section-general-awarenessinsurance-for-alldifficulty-2practice-test-01question-130

For insurance-sector awareness, choose the correct statement: Bima Sugam is best understood as what?

+1-0.25
MCQ
A
A proposed digital marketplace/platform for insurance services
B
A pension fund manager
C
A motor-only add-on cover
D
A tax on insurance premium
IRDAI-Assistant-ManagerPhase-1section-general-awarenessbima-sugamdifficulty-2practice-test-01question-131

For insurance-sector awareness, in the Indian insurance and financial system, bima Vahak is linked mainly to which objective?

+1-0.25
MCQ
A
Stock exchange settlement
B
Airport safety audit
C
Currency note printing
D
Local distribution and last-mile insurance access
IRDAI-Assistant-ManagerPhase-1section-general-awarenessbima-vahakdifficulty-2practice-test-01question-132

For insurance-sector awareness, bima Vistaar is generally described as what kind of insurance product concept?

+1-0.25
MCQ
A
Only a derivative contract
B
A simple bundled insurance product for wider coverage
C
Only a bank fixed deposit
D
Only a credit rating scale
IRDAI-Assistant-ManagerPhase-1section-general-awarenessbima-vistaardifficulty-2practice-test-01question-133

For insurance-sector awareness, choose the correct statement: PMJJBY primarily provides which type of cover?

+1-0.25
MCQ
A
Marine cargo cover
B
Life insurance cover
C
Crop yield insurance only
D
Motor own-damage cover
IRDAI-Assistant-ManagerPhase-1section-general-awarenesspmjjbydifficulty-2practice-test-01question-134

For insurance-sector awareness, in the Indian insurance and financial system, pMSBY primarily provides which type of cover?

+1-0.25
MCQ
A
Accident insurance cover
B
Health indemnity only
C
Life annuity only
D
Fire insurance only
IRDAI-Assistant-ManagerPhase-1section-general-awarenesspmsbydifficulty-3practice-test-01question-135

For insurance-sector awareness, pradhan Mantri Fasal Bima Yojana is associated with which area of insurance?

+1-0.25
MCQ
A
Crop insurance
B
Deposit insurance
C
Pension regulation
D
Capital market surveillance
IRDAI-Assistant-ManagerPhase-1section-general-awarenesspmfbydifficulty-2practice-test-01question-136

For insurance-sector awareness, choose the correct statement: Ayushman Bharat PM-JAY is mainly associated with which sector?

+1-0.25
MCQ
A
Health protection for eligible families
B
Equity market listing
C
Motor third-party liability
D
Reinsurance treaties only
IRDAI-Assistant-ManagerPhase-1section-general-awarenessayushmandifficulty-2practice-test-01question-137

For insurance-sector awareness, in the Indian insurance and financial system, which body decides the policy repo rate in India?

+1-0.25
MCQ
A
Insurance Ombudsman
B
GST Council only
C
IRDAI Authority
D
RBI Monetary Policy Committee
IRDAI-Assistant-ManagerPhase-1section-general-awarenessrbi-mpcdifficulty-2practice-test-01question-138

For insurance-sector awareness, india’s flexible inflation-targeting framework is centred on which CPI target?

+1-0.25
MCQ
A
10% with +/- 5% band
B
8% fixed target
C
4% with a tolerance band of +/- 2%
D
2% with no tolerance
IRDAI-Assistant-ManagerPhase-1section-general-awarenessinflation-targetdifficulty-2practice-test-01question-139

For insurance-sector awareness, in the Indian insurance and financial system, which regulator supervises pension-sector intermediaries under the NPS framework?

+1-0.25
MCQ
A
NABARD
B
IRDAI
C
PFRDA
D
SEBI
IRDAI-Assistant-ManagerPhase-1section-general-awarenesspfrda-roledifficulty-2practice-test-01question-141

For insurance-sector awareness, deposit insurance in India is administered by which institution?

+1-0.25
MCQ
A
PFRDA
B
IRDAI
C
DICGC
D
SEBI
IRDAI-Assistant-ManagerPhase-1section-general-awarenessdicgcdifficulty-3practice-test-01question-142

For insurance-sector awareness, choose the correct statement: NPS is primarily related to which financial product area?

+1-0.25
MCQ
A
Motor claims
B
Marine cargo
C
Pension savings
D
Crop yield testing
IRDAI-Assistant-ManagerPhase-1section-general-awarenessnpsdifficulty-2practice-test-01question-143

For insurance-sector awareness, in the Indian insurance and financial system, the Insurance Ombudsman mechanism primarily supports what?

+1-0.25
MCQ
A
Currency issue
B
Securities listing
C
Government audit
D
Policyholder grievance redressal
IRDAI-Assistant-ManagerPhase-1section-general-awarenessombudsmandifficulty-2practice-test-01question-144

For insurance-sector awareness, solvency margin of an insurer reflects what?

+1-0.25
MCQ
A
Commission paid to agents
B
Advertising expense
C
Ability to meet obligations with adequate capital buffer
D
Number of branches
IRDAI-Assistant-ManagerPhase-1section-general-awarenesssolvencydifficulty-2practice-test-01question-145

For insurance-sector awareness, choose the correct statement: Reinsurance means what?

+1-0.25
MCQ
A
Insurance purchased by an insurer to transfer part of its risk
B
Insurance sold only by banks
C
A policy without premium
D
A deposit product
IRDAI-Assistant-ManagerPhase-1section-general-awarenessreinsurancedifficulty-2practice-test-01question-146

For insurance-sector awareness, in the Indian insurance and financial system, an actuary in insurance primarily works on what?

+1-0.25
MCQ
A
Currency printing
B
Risk measurement, pricing and reserving
C
Election management
D
Office leasing
IRDAI-Assistant-ManagerPhase-1section-general-awarenessactuarydifficulty-2practice-test-01question-147

For insurance-sector awareness, in the insurance business process, underwriting primarily involves what?

+1-0.25
MCQ
A
Fixing repo rate
B
Printing policy brochures only
C
Auditing Union accounts
D
Assessing and pricing risk before accepting a proposal
IRDAI-Assistant-ManagerPhase-1section-general-awarenessunderwritingdifficulty-2practice-test-01question-148

For insurance-sector awareness, choose the correct statement: Persistency ratio in life insurance broadly indicates what?

+1-0.25
MCQ
A
Continuation of policies over time
B
Inflation rate
C
Stock turnover
D
Number of new bank branches
IRDAI-Assistant-ManagerPhase-1section-general-awarenesspersistencydifficulty-3practice-test-01question-149

For insurance-sector awareness, in the Indian insurance and financial system, in non-life insurance, incurred claims ratio broadly compares incurred claims with what?

+1-0.25
MCQ
A
Number of agents
B
Policy document pages
C
Net earned premium
D
GDP
IRDAI-Assistant-ManagerPhase-1section-general-awarenessclaim-ratiodifficulty-2practice-test-01question-150

For insurance-sector awareness, expense ratio in insurance is commonly linked to what?

+1-0.25
MCQ
A
Only bank lending rate
B
Only GDP growth
C
Operating expenses relative to premium
D
Only mortality rate
IRDAI-Assistant-ManagerPhase-1section-general-awarenessexpense-ratiodifficulty-2practice-test-01question-151

For insurance-sector awareness, choose the correct statement: A combined ratio above 100% in general insurance usually suggests what?

+1-0.25
MCQ
A
Underwriting loss before investment income
B
Guaranteed underwriting profit
C
No claims paid
D
Zero operating expenses
IRDAI-Assistant-ManagerPhase-1section-general-awarenesscombined-ratiodifficulty-2practice-test-01question-152

For insurance-sector awareness, in the Indian insurance and financial system, which motor insurance component is mandatory for vehicle owners in India?

+1-0.25
MCQ
A
Engine protector
B
Return-to-invoice add-on
C
Third-party liability cover
D
Zero depreciation add-on
IRDAI-Assistant-ManagerPhase-1section-general-awarenessmotor-tpdifficulty-2practice-test-01question-153

For insurance-sector awareness, in a health insurance policy, what does a cashless claim arrangement mean?

+1-0.25
MCQ
A
The agent pays the hospital personally
B
No premium is payable
C
Every treatment is covered without conditions
D
Eligible hospital bills are settled directly with a network hospital
IRDAI-Assistant-ManagerPhase-1section-general-awarenesscashless-healthdifficulty-2practice-test-01question-154

For insurance-sector awareness, choose the correct statement: Free-look period in insurance gives the policyholder what right?

+1-0.25
MCQ
A
Change regulator
B
Claim without insured event
C
Avoid KYC forever
D
Review and cancel the policy within the specified period subject to conditions
IRDAI-Assistant-ManagerPhase-1section-general-awarenessfree-lookdifficulty-2practice-test-01question-155

For insurance-sector awareness, in the Indian insurance and financial system, a moratorium period in health insurance is mainly linked to what?

+1-0.25
MCQ
A
No claim can ever be paid
B
Limits on contesting claims after continuous coverage subject to rules
C
Premium cannot be collected
D
Policy must lapse automatically
IRDAI-Assistant-ManagerPhase-1section-general-awarenessmoratorium-healthdifficulty-3practice-test-01question-156

For insurance-sector awareness, a ULIP combines insurance cover with what?

+1-0.25
MCQ
A
Market-linked investment component
B
Only crop insurance
C
Only pension regulator approval
D
Only motor third-party claim
IRDAI-Assistant-ManagerPhase-1section-general-awarenessulipdifficulty-2practice-test-01question-157

For insurance-sector awareness, choose the correct statement: An annuity product primarily provides what?

+1-0.25
MCQ
A
Equity voting rights
B
One-time motor repair
C
Periodic income payments
D
Customs clearance
IRDAI-Assistant-ManagerPhase-1section-general-awarenessannuitydifficulty-2practice-test-01question-158

For insurance-sector awareness, in the Indian insurance and financial system, insurable interest means what?

+1-0.25
MCQ
A
A speculative bet without loss exposure
B
Only commission income
C
A legally recognized financial interest in the insured subject
D
Only bank interest rate
IRDAI-Assistant-ManagerPhase-1section-general-awarenessinsurable-interestdifficulty-2practice-test-01question-159

For insurance-sector awareness, the principle of indemnity aims to do what?

+1-0.25
MCQ
A
Restore the insured to the financial position before loss, subject to policy terms
B
Create profit from every claim
C
Remove all exclusions
D
Guarantee investment return
IRDAI-Assistant-ManagerPhase-1section-general-awarenessindemnitydifficulty-2practice-test-01question-160

For the Mumbai claims-review desk, eight candidates Charu, Dev, Esha, Farhan, Gauri, Harsh, Isha, Kabir live on different floors of an eight-floor building, numbered 1 to 8 from bottom to top. Charu lives on floor 1 and Kabir lives on floor 8. Farhan lives immediately above Esha. Two persons live between Dev and Gauri. Harsh lives immediately below Isha. Who lives on floor 5?

+1-0.25
MCQ
A
Gauri
B
Isha
C
Dev
D
Harsh
IRDAI-Assistant-ManagerPhase-1section-reasoningfloor-puzzledifficulty-3practice-test-02question-01

For the Mumbai claims-review desk, eight candidates Charu, Dev, Esha, Farhan, Gauri, Harsh, Isha, Kabir live on different floors of an eight-floor building, numbered 1 to 8 from bottom to top. Charu lives on floor 1 and Kabir lives on floor 8. Farhan lives immediately above Esha. Two persons live between Dev and Gauri. Harsh lives immediately below Isha. How many persons live between Esha and Isha?

+1-0.25
MCQ
A
4
B
1
C
3
D
2
IRDAI-Assistant-ManagerPhase-1section-reasoningfloor-puzzledifficulty-3practice-test-02question-02

For the Mumbai claims-review desk, eight candidates Charu, Dev, Esha, Farhan, Gauri, Harsh, Isha, Kabir live on different floors of an eight-floor building, numbered 1 to 8 from bottom to top. Charu lives on floor 1 and Kabir lives on floor 8. Farhan lives immediately above Esha. Two persons live between Dev and Gauri. Harsh lives immediately below Isha. Who lives immediately below Kabir?

+1-0.25
MCQ
A
Farhan
B
Harsh
C
Gauri
D
Isha
IRDAI-Assistant-ManagerPhase-1section-reasoningfloor-puzzledifficulty-3practice-test-02question-03

For the Mumbai claims-review desk, eight officers Gauri, Harsh, Isha, Kabir, Leela, Mihir, Aarav, Bhavya sit in a straight row facing north. Gauri sits at the extreme left and Bhavya at the extreme right. Kabir sits second to the right of Harsh. Mihir sits immediately left of Aarav. Isha sits between Kabir and Mihir. Who sits fourth from the left?

+1-0.25
MCQ
A
Isha
B
Mihir
C
Leela
D
Kabir
IRDAI-Assistant-ManagerPhase-1section-reasoninglinear-seatingdifficulty-3practice-test-02question-06

For the Mumbai claims-review desk, eight officers Gauri, Harsh, Isha, Kabir, Leela, Mihir, Aarav, Bhavya sit in a straight row facing north. Gauri sits at the extreme left and Bhavya at the extreme right. Kabir sits second to the right of Harsh. Mihir sits immediately left of Aarav. Isha sits between Kabir and Mihir. Who sits immediately to the right of Mihir?

+1-0.25
MCQ
A
Aarav
B
Kabir
C
Leela
D
Bhavya
IRDAI-Assistant-ManagerPhase-1section-reasoninglinear-seatingdifficulty-3practice-test-02question-07

For the Mumbai claims-review desk, eight officers Gauri, Harsh, Isha, Kabir, Leela, Mihir, Aarav, Bhavya sit in a straight row facing north. Gauri sits at the extreme left and Bhavya at the extreme right. Kabir sits second to the right of Harsh. Mihir sits immediately left of Aarav. Isha sits between Kabir and Mihir. How many officers sit between Harsh and Aarav?

+1-0.25
MCQ
A
3
B
2
C
5
D
4
IRDAI-Assistant-ManagerPhase-1section-reasoninglinear-seatingdifficulty-3practice-test-02question-08

For the Mumbai claims-review desk, if A > B = C >= D < E and E <= F, which conclusion definitely follows?

+1-0.25
MCQ
A
B = F
B
F < D
C
A > D
D
C > E
IRDAI-Assistant-ManagerPhase-1section-reasoningcoded-inequalitydifficulty-2practice-test-02question-16

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