100+ Free LIC HFL Assistant/Associate Practice Questions

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2026 Statistics

Key Facts: LIC HFL Assistant/Associate Exam

200 Q

Total written exam questions

LIC HFL Exam Scheme

120 min

Total composite duration

LIC HFL Exam Scheme

0.25

Negative marking penalty

LIC HFL Marking Scheme

₹800

Application fee (UR/OBC)

LIC HFL Notification Details

LIC HFL online recruitment exam comprises 200 MCQs in 5 sections (English, Reasoning, GA, Quant, Computer Skill) with a 120-minute composite duration and negative marking of 0.25. Application fee is ₹800 + 18% GST.

Sample LIC HFL Assistant/Associate Practice Questions

Try these sample questions to test your LIC HFL Assistant/Associate exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Identify the part of the sentence that contains an error: 'The manager along with his subordinates have decided to launch a new home loan scheme next week.'

A.The manager along with

B.his subordinates have decided

C.to launch a new

D.home loan scheme next week.

Explanation: When a subject is joined with other nouns or pronouns using 'along with', 'as well as', 'together with', etc., the verb agrees with the first subject. Here, the first subject is 'The manager' (singular), so the verb should be 'has decided' instead of 'have decided'.

2Choose the word that is most nearly OPPOSITE in meaning to the word 'MITIGATE' in the context of financial risk.

A.Alleviate

B.Exacerbate

C.Diminish

D.Ameliorate

Explanation: 'Mitigate' means to make less severe, serious, or painful. In finance, mitigating risk means reducing it. The opposite of reducing risk is increasing or worsening it, which is 'exacerbate'.

3Fill in the blank with the most appropriate word: 'The company has decided to ________ the loan approval process by digitalizing document verification.'

A.expedite

B.delay

C.procrastinate

D.obstruct

Explanation: 'Digitalizing document verification' is a step meant to speed up the process. 'Expedite' means to make an action or process happen sooner or be accomplished more quickly, which fits the context perfectly.

4Identify the segment that contains a grammatical error: 'Neither the Regional Manager nor the Assistant Managers was present at the housing finance summit.'

A.Neither the Regional Manager

B.nor the Assistant Managers

C.was present at the

D.housing finance summit.

Explanation: When subjects are joined by 'neither... nor', the verb agrees with the subject closest to it. In this sentence, 'the Assistant Managers' is plural and is closer to the verb, so 'was' should be changed to 'were'.

5Choose the most appropriate synonym for the word 'PRUDENT' as applied to credit underwriting policies.

A.Careless

B.Cautious

C.Reckless

D.Impulsive

Explanation: 'Prudent' means acting with or showing care and thought for the future. In lending, prudent credit underwriting means being cautious and evaluating risk carefully to avoid defaults.

6Read the sentence and replace the underlined phrase to make it grammatically correct: 'The customer requested the bank agent to *give him an advice* on home loan rates.'

A.give him advice

B.give him some advices

C.give him an advising

D.give him advising

Explanation: 'Advice' is an uncountable noun and cannot be preceded by the indefinite article 'an', nor can it be pluralized as 'advices'. The correct form is 'give him advice' or 'give him some advice'.

7Fill in the blank with the correct preposition: 'The borrower was warned that defaulting on EMI payments would lead ________ a lower credit score.'

A.in

B.to

C.for

D.at

Explanation: The verb 'lead' is followed by the preposition 'to' when indicating a result, consequence, or destination (e.g., 'lead to a lower credit score').

8Select the correct spelling of the word that means a suspension or temporary deferment of loan repayment.

A.Moratoreum

B.Moratorium

C.Moroterium

D.Moratoriam

Explanation: The correct spelling is 'Moratorium'. It refers to a legal authorization to debtors to postpone payment.

9Find the error in the following sentence: 'The interest rates offered by LIC HFL is competitive compared to other housing finance companies.'

A.The interest rates offered

B.by LIC HFL is competitive

C.compared to other

D.housing finance companies.

Explanation: The subject of the sentence is 'The interest rates' (plural). Therefore, the helping verb should be plural 'are' instead of singular 'is'.

10Choose the word that is most similar in meaning to 'stringent' as in 'stringent KYC guidelines'.

A.Strict

B.Lenient

C.Flexible

D.Negligent

Explanation: 'Stringent' means strict, precise, and exacting. In banking, stringent KYC guidelines are highly strict guidelines to prevent fraud.

About the LIC HFL Assistant/Associate Exam

The LIC HFL Assistant & Associate online recruitment exam is a 120-minute composite test consisting of 200 MCQs carrying 200 marks. There are five sections: English Language, Logical Reasoning, General Awareness (with emphasis on housing finance), Numerical Ability, and Computer Skill. A negative marking penalty of 0.25 is applied for each incorrect answer.

Questions

200 scored questions

Time Limit

2 hours

Passing Score

Sectional and overall cut-offs as decided by the company

Exam Fee

₹800 plus 18% GST (UR/OBC) — confirm in latest LIC HFL notification (LIC Housing Finance Limited)

LIC HFL Assistant/Associate Exam Content Outline

20%

English Language

40 questions covering reading comprehension, error spotting, cloze tests, and vocabulary.

20%

Logical Reasoning

40 questions testing logical puzzles, seating layouts, coding patterns, and relationships.

20%

General Awareness

40 questions focusing on current affairs, basic banking/financial systems, and housing finance concepts.

20%

Numerical Ability

40 questions on basic arithmetic, simplification, series, and data interpretation.

20%

Computer Skill

40 questions covering computer hardware, software, MS Office, and cybersecurity basics.

How to Pass the LIC HFL Assistant/Associate Exam

What You Need to Know

Passing score: Sectional and overall cut-offs as decided by the company
Exam length: 200 questions
Time limit: 2 hours
Exam fee: ₹800 plus 18% GST (UR/OBC) — confirm in latest LIC HFL notification

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

LIC HFL Assistant/Associate Study Tips from Top Performers

1Dedicate balanced study time to all 5 sections as there is no sectional time limit but sectional cut-offs may apply.

2Pay special attention to housing finance terminology, schemes (like Pradhan Mantri Awas Yojana), and news about LIC HFL in the General Awareness section.

3Practice basic computer shortcuts, security terminology, and MS Office menus to secure quick marks in the Computer Skill section.

4Build speed for numerical calculations and practice solving simplification/approximation problems daily.

5Solve full-length practice tests to learn how to allocate the composite 120 minutes across the 200 questions.

Frequently Asked Questions

What is the exam pattern for the LIC HFL recruitment?

The online examination consists of 200 objective multiple-choice questions of 1 mark each. The exam is divided into 5 sections of 40 questions each (English, Reasoning, General Awareness, Numerical Ability, and Computer Skill). The total duration is 120 composite minutes.

Is there a negative marking penalty in the LIC HFL exam?

Yes, there is a penalty of 1/4th (0.25) of the marks assigned to that question for every incorrect answer.

What is the application fee for the LIC HFL Junior Assistant exam?

The application fee is Rs. 800/- plus 18% GST. The fee is non-refundable and payable online during the application registration period.

What is the selection process for the LIC HFL Junior Assistant post?

The selection process consists of two stages: (1) Online written examination (CBT), followed by (2) a personal interview. Shortlisting is based on written examination merit.

Is there a sectional time limit in the exam?

No, the exam has a composite duration of 120 minutes for all five sections.