McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 1. |
The Unit Trust of India (UTI) was set up in …….. |
| A. | 1935 |
| B. | 1980 |
| C. | 1956 |
| D. | 1964 |
| Answer» D. 1964 | |
| 2. |
Which one of the following is the main objective of Unit Trust of India? |
| A. | To mobilize the savings of high income groups. |
| B. | To mobilize the savings to low and high income groups. |
| C. | To mobilize the savings of corporates. |
| D. | To mobilize the savings of low and middle income groups |
| Answer» D. To mobilize the savings of low and middle income groups | |
| 3. |
Which one of the following is not used to estimate cost of equity capital? |
| A. | External yield criterion |
| B. | Dividend plus growth rate |
| C. | Equity capitalisation approach |
| D. | Capital asset pricing model |
| Answer» A. External yield criterion | |
| 4. |
Which one of the following is the largest mutual fund organisation in India? |
| A. | SBI Mutual Fund |
| B. | Ind Bank Mutual Fund |
| C. | Unit Trust of India |
| D. | GIC Mutual Fund |
| Answer» C. Unit Trust of India | |
| 5. |
In which of the following cities is the headquarters of the Unit Trust of India located? |
| A. | Kolkata |
| B. | Mumbai |
| C. | New Delhi |
| D. | Chennai |
| Answer» B. Mumbai | |
| 6. |
Which of the following public sector banks has the largest number of loss making branches? |
| A. | United Bank of India |
| B. | Syndicate Bank |
| C. | State Bank of India |
| D. | Indian Bank |
| Answer» B. Syndicate Bank | |
| 7. |
Which of the following is not the name of an Insurance Scheme launched by the Government of India? |
| A. | Janashree Bima Yojana |
| B. | Krishi Shramik Sarnajik Suraksha Yojana |
| C. | Shiksha Sahyog Yojana |
| D. | Varsha Bima Yojana |
| Answer» D. Varsha Bima Yojana | |
| 8. |
The Life Insurance Corporation of India has how many Zonal offices in India? |
| A. | Five |
| B. | Eight |
| C. | Ten |
| D. | Fifteen |
| Answer» B. Eight | |
| 9. |
The punch line of the advertisement of which of the following organization is “Jindagi ke sath bhi Jindagi ke bad bhi”? |
| A. | New India Assurance |
| B. | General Insurance Corporation |
| C. | ICICI Prudential |
| D. | Life Insurance Corporation Of India |
| Answer» D. Life Insurance Corporation Of India | |
| 10. |
The legislation to regulate insurance business in India was passed in which year? |
| A. | 1976 |
| B. | 1912 |
| C. | 1818 |
| D. | 1945 |
| Answer» B. 1912 | |
| 11. |
The Hindustan Co-operative Insurance Company was set up in the year 1907 in which city? |
| A. | Delhi |
| B. | Bombay |
| C. | Madras |
| D. | Calcutta |
| Answer» D. Calcutta | |
| 12. |
Which type of insurance usually requires higher premium? |
| A. | Broad Form insurance |
| B. | Whole life insurance |
| C. | Health insurance |
| D. | Term insurance |
| Answer» A. Broad Form insurance | |
| 13. |
Limit of FDI in Insurance sector: |
| A. | 47% |
| B. | 50% |
| C. | 49% |
| D. | 51% |
| Answer» C. 49% | |
| 14. |
In which year was the Life Insurance Corporation of India formed? |
| A. | 1956 |
| B. | 1960 |
| C. | 1948 |
| D. | 1962 |
| Answer» A. 1956 | |
| 15. |
Which of the following statements about The Employees’ Provident Funds and (Miscellaneous Provisions) Act are true?
|
| A. | A, B & D |
| B. | A & C |
| C. | A, C & D |
| D. | B, C & D |
| Answer» A. A, B & D | |
| 16. |
What is the present wage limit to be eligible to be covered under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952? |
| A. | Rs. 12,500 |
| B. | Rs. 15,000 |
| C. | Rs. 6,500 |
| D. | Rs. 6,000 |
| Answer» B. Rs. 15,000 | |
| 17. |
The chairman and members of Central Board constituted under Employees Provident Fund are appointed by |
| A. | Supreme Court |
| B. | State Government |
| C. | Central Government |
| D. | None of the above |
| Answer» C. Central Government | |
| 18. |
Under this act, how many members are appointed by the Central Government in Central Board representing employees in the establishments to which the Scheme applies |
| A. | 5 |
| B. | 10 |
| C. | 12 |
| D. | 20 |
| Answer» B. 10 | |
| 19. |
An employer who contravenes or makes default in complying with the provisions of section 6 of this act, shall be punishable with imprisonment for a term which may extend to _____ years. |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 5 |
| Answer» C. 3 | |
| 20. |
The term “Appropriate Government” is defined in which section of the PF Act? |
| A. | Section 2(a) |
| B. | Section 2 (b) |
| C. | Section 2 |
| Answer» A. Section 2(a) | |
| 21. |
The pension plan in which the benefits of pension is paid by both parties involved , such as employers and employees is classified as |
| A. | Non- discretionary plan |
| B. | Discretionary plan |
| C. | Contributory plan |
| D. | Non – Contributory plan |
| Answer» C. Contributory plan | |
| 22. |
The type of pension plan in which all the benefits of pension are provided by the employer of the organization employees is classified as |
| A. | Non- discretionary plan |
| B. | Discretionary plan |
| C. | Contributory plan |
| D. | Non – Contributory plan |
| Answer» D. Non – Contributory plan | |
| 23. |
Section 2(aa) of the PF act defines the term …………… |
| A. | Basic Wages |
| B. | Authorised Officer |
| C. | Government |
| D. | None of these |
| Answer» B. Authorised Officer | |
| 24. |
Bonus is part of Basic Wages as defined in the respective section in the PF Act. |
| A. | True |
| B. | False |
| C. | none |
| D. | none |
| Answer» B. False | |
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