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LIC AAO Practice Questions
Original practice questions for the LIC Assistant Administrative Officer Examination (Life Insurance Corporation of India (LIC)), mixed across 5 topics with instant answers and explanations. Practise by topic below or take the timed mock test.
LIC AAO mixed practice
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Q1.Data InterpretationThe price of an item changes from ₹200 to ₹170. What is the percentage change?
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Answer: A — 15% decrease
Change = -30 on a base of 200: -30/200 × 100 = 15% decrease. Always divide by the ORIGINAL value.
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Q2.Logical ReasoningWhich number is the odd one out: 17, 23, 35, 41?
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Answer: B — 35
41, 23, 17 are prime; 35 is composite (35 = 5 × 7).
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Q3.English GrammarChoose the correct form: By the time we arrived, the film ___.
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Answer: B — had already started
An action completed before another past action takes the past perfect: “had already started”.
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Q4.Economy & Banking AwarenessA Non-Performing Asset (NPA) in India is a loan overdue for more than:
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Answer: A — 90 days
Under RBI norms a loan becomes an NPA when interest or principal is overdue for more than 90 days.
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Q5.Accounting & FinanceWhich statement shows a company’s cash inflows and outflows from operating, investing and financing activities?
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Answer: C — Cash flow statement
The cash flow statement groups cash flows into three activities.
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Q6.Data InterpretationThe average of 11 numbers is 44. If 78 is added, what is the new average?
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Answer: B — 46.83
Old total = 11 × 44 = 484. New total = 484 + 78 = 562; new average = 562/12 = 46.83.
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Q7.Logical ReasoningFind the next letter: I, M, Q, U, ?
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Answer: D — Y
The letters advance by 4 each time (skip 3).
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Q8.English GrammarChoose the correct option: Neither the manager nor the clerks ___ present.
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Answer: A — were
With neither…nor, the verb agrees with the nearer subject (“clerks”, plural) → were.
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Q9.Economy & Banking AwarenessThe Goods and Services Tax (GST) in India was introduced on:
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Answer: A — 1 July 2017
GST was rolled out on 1 July 2017.
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Q10.Accounting & FinanceWhat is the present value of ₹20,000 received in 4 years at a 5% discount rate?
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Answer: C — ₹16,454
PV = FV/(1 + r)ⁿ = 20,000 / 1.05^4 = ₹16,454.
About LIC AAO
LIC Assistant Administrative Officer Examination — conducted by Life Insurance Corporation of India (LIC). Recruits Assistant Administrative Officers, including insurance and financial market awareness.
Original practice questions written for this site in the style and difficulty of each exam’s syllabus. They are not past papers and the site is not affiliated with any exam body. Exam patterns, marking schemes and syllabi change — always check the latest official notification.
Practise by topic
- Data Interpretation questions — Read the table title, units and years before calculating.
- Logical Reasoning questions — For coding questions write the letter positions (A = 1 … Z = 26).
- English Grammar questions — Find the subject first and make the verb agree with it, ignoring phrases in between.
- Economy & Banking Awareness questions — Know what each regulator does (RBI, SEBI, IRDAI, PFRDA), the policy tools (repo, CRR, SLR) and the definitions behind GDP, inflation and fiscal deficit.
- Accounting & Finance questions — Master the accounting equation, the three financial statements and time value of money: FV = PV(1 + r)ⁿ, PV of an annuity = PMT × [1 − (1 + r)⁻ⁿ]/r.
- LIC AAO mock test — 25 timed questions with negative marking.
LIC AAO practice topics
| Topic | Section | Question source |
|---|---|---|
| Data Interpretation | Data interpretation | Calculated (new numbers every set) |
| Logical Reasoning | Reasoning | Calculated (new numbers every set) |
| English Grammar | English | Question bank |
| Economy & Banking Awareness | General awareness | Question bank |
| Accounting & Finance | Finance | Calculated + question bank |