Tick the correct Answer (5X1=5) 1) Which of the following has a magnitude and a direction?
a) distance b) speed c) Acceleration d) energy
2) ‘W’ is the symbol of
a) antimony b) gold c) polonium d) tungsten
3) The element which does not show variable valency
a) Al b) Fe c) Cu d) Hg 4)
Which is not a biofuel?
a) methane b) ethanol c) biodiesel d) None
5) Fastness or slowness of a body is described by
a) displacement b) speed c) velocity d) acceleration
Answers
Answer:
This question paper is divided into four sections. Section A-Reading, Section B-Writing,
Section C-Grammar & Section D-Literature.
b) Separate instructions have been given under each section.
c) Marks are indicated on the right side of the page.
Section A Reading-20 Marks.
Q1 Read the following passage and answer the questions 1 x 5=5 Marks
Insurance industry in India has seen a major growth in the last decade along with an introduction
of a huge number of advanced products. This has led to a tough competition with a positive and
healthy outcome. Insurance sector in India plays a dynamic role in the wellbeing of its economy.
It substantially increases the opportunities for savings amongst the individuals, safeguards their
future and helps the insurance sector form a massive pool of funds.
With the help of these funds, the insurance sector highly contributes to the capital markets, thereby
increasing large infrastructure developments in India.
The Indian Insurance Sector
The Indian Insurance Sector is basically divided into two categories – Life Insurance and Non-life
Insurance. The Non-life Insurance sector is also termed as General Insurance. Both the Life
Insurance and the Non-life Insurance is governed by the IRDAI (Insurance Regulatory and
Development Authority of India).
The role of IRDA is to thoroughly monitor the entire insurance sector in India and also act like a
custodian of all the insurance consumer rights. This is the reason all the insurers have to abide by
the rules and regulations of the IRDAI.
The Insurance sector in India consists of total 57 insurance companies. Out of which 24 companies
are the life insurance providers and the remaining 33 are non-life insurers. Out of which there are
seven public sector companies.
Life insurance companies offer coverage to the life of the individuals, whereas the non-life
insurance companies offer coverage with our day-to-day living like travel, health insurance, our
car and bikes, and home insurance. Not only this, but the non-life insurance companies provide
coverage for our industrial equipment’s as well. Crop insurance for our farmers, gadget insurance
for mobiles, pet insurance etc. are some more insurance products being made available by the
general insurance companies in India.
The life insurance companies have gained an investment prospectus in the recent times with an
idea of providing insurance along with a growth of your savings. But, the general insurance
companies remain reluctant to offer pure risk cover to the individuals.
Answer:
Tick the correct Answer (5X1=5) 1) Which of the following has a magnitude and a direction?
a) distance b) speed c) Acceleration d) energy
2) ‘W’ is the symbol of
a) antimony b) gold c) polonium d) tungsten
3) The element which does not show variable valency
a) Al b) Fe c) Cu d) Hg 4)
Which is not a biofuel?
a) methane b) ethanol c) biodiesel d) None
5) Fastness or slowness of a body is described by
a) displacement b) speed c) velocity d) acceleration
Explanation: