Oriental Insurance Company Limited: Model Question Paper with Answers

Section A: General Knowledge (20 Marks)

1. Current RBI Governor: Shaktikanta Das
2. Longest coastline: Canada
3. Capital of Australia: Canberra
4. Author of "To Kill a Mockingbird": Harper Lee
5. Chemical symbol for gold: Au

Section B: Insurance Knowledge (30 Marks)

6. Purpose of insurance policy: To protect against financial loss
7. Three main types of insurance: Life, health, and property
8. Insurance premium: Amount paid to the insurer for coverage
9. Deductible: Amount policyholder pays before insurer pays benefits
10. Claim: Request for payment from the insurance company

Section C: Case Study (50 Marks)

Scenario: XYZ Company (manufacturing, Rs. 100 crore turnover, 500 employees, 3 facilities) seeks insurance.

Recommended Policies: Property, Liability, Workers' Compensation, Business Interruption, Marine.

Key Selection Factors: Financial stability, reputation, coverage options, premiums.

Cost Reduction Strategies: Safety/risk management, higher deductibles, policy bundling.