Question 1
What is the primary purpose of general insurance?
Correct Answer:
To transfer the financial impact of a loss from an individual to an insurer
Question 2
Which of the following best describes the concept of mutuality in insurance?
Correct Answer:
A pool where many share the losses of a few unfortunate members
Question 3
A risk where there is a possibility of either a loss or a gain is known as:
Correct Answer:
Speculative risk
Question 4
Which risk management technique is represented by purchasing an insurance policy?
Correct Answer:
Risk transfer
Question 5
How does general insurance contribute to the economic development of a country?
Correct Answer:
By releasing capital that would otherwise be held in reserve to meet unexpected losses
Question 1
Exam overview

About this Exam

The Graduate Aptitude Test in Engineering (GATE) is one of India’s most prestigious and competitive national-level examinations.

It is jointly conducted by the Indian Institute of Science (IISc) and seven Indian Institutes of Technology (IITs) on behalf of the National Coordination Board (NCB)-GATE.

This examination is specifically designed for undergraduate students in engineering, technology, architecture, and postgraduate students in relevant science subjects.

The primary objective is to comprehensively assess a candidate’s understanding of various undergraduate subjects.

A valid GATE score is essential for securing admission into Master’s programs (M.Tech, M.E., M.Arch) and doctoral programs in relevant branches of science and technology at top-tier institutions like IITs, NITs, and IISc.

Additionally, numerous Public Sector Undertakings (PSUs) in India utilize GATE scores as a critical criterion for recruitment to group C level engineering posts.

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Additional Information

What the Course Entails and Exam Details

GATE encompasses a diverse range of 30 disciplines, including major engineering fields like Civil, Mechanical, Electrical, Electronics and Communication, and Computer Science, as well as several science subjects. The syllabus generally aligns with standard undergraduate curricula in India, and the examination for each discipline covers core technical topics, engineering mathematics, and general aptitude. This ensures a thorough evaluation of candidates' subject matter knowledge and problem-solving skills.


What to Expect in the Final Exam

The GATE exam is a 3-hour computer-based test (CBT). Candidates answer 65 questions totaling 100 marks, distributed between Multiple Choice Questions (MCQs), Multiple Select Questions (MSQs), and Numerical Answer Type (NAT) questions. A key aspect is the existence of negative marking for incorrect answers in MCQs, making accuracy crucial. There is no predetermined passing score, as the qualifying marks vary annually and depend on the discipline and institution, based on the competition and difficulty level of the paper.


How to Study and Exam Centers

Effective preparation involves a strategic approach: regularly practicing with previous years' question papers and full-length mock tests, thoroughly revising fundamental concepts from standard textbooks, and managing time efficiently during preparation and the exam. Utilizing reliable study materials and understanding the exam pattern are essential. GATE is jointly conducted by IISc and seven IITs on behalf of the National Coordination Board (NCB)-GATE, and the physical examination centers are meticulously set up in major cities across India to accommodate thousands of students.


Job Opportunities from the Course

A strong GATE score unlocks multiple promising career pathways:

  • Graduate Engineer Trainee in PSUs (e.g., ONGC, BHEL, NTPC)

  • Assistant Manager/Engineer in Government Organizations

  • Research Associate/Scientist positions in DRDO and ISRO

  • Entry into doctoral programs (Ph.D.) for research roles

  • Opportunities with multinational corporations value technical expertise

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