New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    Seven statements are given below, which are jumbled in any random order. Only the fourth statement (d), which has been emboldened, is in its correct place. These statements will form a coherent and meaningful paragraph, when arranged in the correct sequence. Arrange the sentences in the right order and answer the questions that follow. (a) Insurance in India has evolved over time heavily drawing from other countries, England in particular. (b) The writings talk in terms of pooling of resources that could be re-distributed in times of calamities such as fire, floods, epidemics and famine. (c) This Company however failed in 1834 but in 1829, the Madras Equitable had begun transacting life insurance business in the Madras Presidency. (d) Ancient Indian history has preserved these earliest traces of insurance in the form of marine trade loans and carriers’ contracts. (e) In India, insurance has a deep-rooted history; it finds mention in the writings of Manu, Yagnavalkya and Kautilya. (f) This was probably a pre-cursor to modern day insurance. (g) 1818 saw the advent of life insurance business in India with the establishment of the Oriental Life Insurance Company in Calcutta.

    Which of the following is the third sentence of the

    passage?
    A f Correct Answer Incorrect Answer
    B g Correct Answer Incorrect Answer
    C b Correct Answer Incorrect Answer
    D e Correct Answer Incorrect Answer
    E c Correct Answer Incorrect Answer

    Solution

    The correct order of sentences would be e, b, f, d, a, g and c. The sentences a, e and g can potentially be the introductory sentences. But e is perfect for an introduction because saying thing the chronological way is the best. Also, e does not fit anywhere else because d talks about the preservation of the traces of insurance, which would follow only after a historical note on the insurance. After e is b , not f because b gives an insight into what those writings were. f follows b. After it is definitely a as it talks about its transformation and is like an introduction on where the insurance business in India today got its form from. g follows a. c obviously follows g, as ‘this company’ means Oriental Life Insurance Company in Calcutta.

    Practice Next

    Relevant for Exams: