UGC NET Insurance Previous Year Questions
JRFSmart holds 21 previous-year questions on Insurance from UGC NET Commerce (Paper 2), filed under Unit 7: Banking and Financial Institutions, drawn from 13 of the 22 exam papers in the bank (2019–2025). Each question can be practised with a full explanation and shows how often NTA has returned to the same idea.
What is asked in Insurance
The questions in this topic fall under these subtopics, ordered by how many previous-year questions each has.
| Subtopic | Questions |
|---|---|
| IRDA Act 1999 and entry of private players | 1 |
| Insurable interest | 1 |
| Insurance sector reforms | 1 |
| Endowment policy | 1 |
| Malhotra Committee and insurance reform | 1 |
| Average clause | 1 |
| Marine insurance - hull | 1 |
| Insurable interest in life and fire insurance | 1 |
| Insurance legislation | 1 |
| Case - history of life insurance | 1 |
| Case - insurance legislation | 1 |
| Case - theme of the passage | 1 |
NTA repeat analysis
Insurance appears in 13 of 22 papers (59%), which JRFSmart rates as high frequency.
2 questions in this topic have been verified as repeated in more than one paper.
Sample previous-year questions
If the subject matter of insurance is the ship, the marine insurance is called:
Given below are two statements: Statement I: In the case of Life Insurance, the insurable interest must be present in the person insured at the time when event happened. Statement II: In the case of Fire Insurance, the insurable interest must be present in…
Which one of the following conditions is not true as per the IRDA Act, 1999, for entry of private players into the insurance market?
The right of the insurer to stand in the place of insured after the settlement of a claim and it gives the insurer right to recover from an alternative source, the principle involved in this case is called :
In which type of insurance should insurable interest be present at the time when policy is taken?
A committee was set-up in 1993 under the chairmanship of R.N. Malhotra to evaluate which one of the following?
Which one of the following is concerned with Endowment Policy?
Which committee had recommended a comprehensive framework of reform in the insurance sector?
Showing 8 of 21 questions, without answers. Practise the full set with options, the official answer and JRFSmart's explanations.
Practise Insurance
All 21 questions, one topic, with explanations and repeat data. One topic in every unit is free.
Practise this topic