McqMate
Chapters
1. |
CRR refer s to ………….. |
A. | Cash Reserve Ratio |
B. | Credit Reserve Ratio |
C. | Common Reserve Ratio |
D. | None of these |
Answer» A. Cash Reserve Ratio |
2. |
SLR refers to ………….. |
A. | Statutory Liquidity Ratio |
B. | Stability Liquidity Ratio |
C. | Safety Liquidity Ratio |
D. | None of these |
Answer» A. Statutory Liquidity Ratio |
3. |
RBI ACT was comes in to existence…… |
A. | 1934 |
B. | 1935 |
C. | 1948 |
D. | 1945 |
Answer» A. 1934 |
4. |
Banking Regulation Act was comes into existence……… |
A. | 1949 |
B. | 1934 |
C. | 1956 |
D. | 1949 |
Answer» A. 1949 |
5. |
The person who seeks protection against a risk and to whom the insurance policy is issued is known as …………. |
A. | Insurer |
B. | customer |
C. | insured |
D. | creditor |
Answer» C. insured |
6. |
IRDA stands for …….. |
A. | Insurance Regulatory and Development Authority |
B. | Industrial Development and development Authority |
C. | Insurance Restructuring and Development Authority |
D. | Insurance Refinancing and Development Authority |
Answer» A. Insurance Regulatory and Development Authority |
7. |
IRDA Act was passed in the year |
A. | 1948 |
B. | 2000 |
C. | 1999 |
D. | 1956 |
Answer» C. 1999 |
8. |
Hull insurance related in the case of ………. |
A. | building |
B. | life |
C. | machine |
D. | ship |
Answer» D. ship |
9. |
In the case of life insurance HLV refers to…………. |
A. | Home Legal Value |
B. | Human Life Value |
C. | Human Legal Value |
D. | House Length Value |
Answer» C. Human Legal Value |
10. |
………. of a life policy means transferring the rights of the insured in respect of the policy to another one |
A. | Nomination |
B. | Consideration |
C. | Assignment |
D. | Agreement |
Answer» A. Nomination |
11. |
Both assignment and nomination are possible in the case of ………… insurance policies |
A. | life |
B. | fire |
C. | marine |
D. | vehicle |
Answer» B. fire |
12. |
…………….. is the price paid by the insured for the risk undertaken by the insurer |
A. | Wages |
B. | premium |
C. | salary |
D. | compensation |
Answer» B. premium |
13. |
……………….. schemes are intended to insure a group of individual together |
A. | Insurance |
B. | wages |
C. | salary |
D. | group insurance |
Answer» D. group insurance |
14. |
Insurance Act was comes into existence on ……. |
A. | 1956 |
B. | 1948 |
C. | 1938 |
D. | 1988 |
Answer» C. 1938 |
15. |
Reinstatement policy is related in the case of which policy |
A. | A Life insurance policy |
B. | Marine insurance policy |
C. | Fire insurance policy |
D. | Group insurance policy |
Answer» C. Fire insurance policy |
16. |
…………. means selling of insurance policies and products through banking firms |
A. | Assurance |
B. | bancassurance |
C. | insurance |
D. | policy |
Answer» B. bancassurance |
17. |
Life Insurance Corporation of India was formed in the year ……. |
A. | 1948 |
B. | 1964 |
C. | 1956 |
D. | 1988 |
Answer» C. 1956 |
18. |
The General Insurance Corporation of India was formed in the year ……. |
A. | 1973 |
B. | 1948 |
C. | 1956 |
D. | 1984 |
Answer» A. 1973 |
19. |
General Insurance Corporation of India Act was formed in ---- |
A. | 1973 |
B. | 1963 |
C. | 1972 |
D. | 1962 |
Answer» C. 1972 |
20. |
Which risk may result in loss or gain ? |
A. | particular risk |
B. | pure risk |
C. | speculative risk |
D. | fundamental risk |
Answer» C. speculative risk |
21. |
………. Risk are arises due to changes in the economic policies of the government. |
A. | speculative risk |
B. | particular risk |
C. | dynamic risk |
D. | financial risk |
Answer» C. dynamic risk |
22. |
Risk which arises if there is no change in the economic policies of the government is |
A. | dynamic risk |
B. | static risk |
C. | particular risk |
D. | financial risk |
Answer» B. static risk |
23. |
Writing off the policy before its actual maturity is known as ---- |
A. | Nomination |
B. | Foreclosure |
C. | Surrender |
D. | None of these |
Answer» B. Foreclosure |
24. |
-------Insurance covers many persons under one contract |
A. | Public insurance |
B. | Group insurance |
C. | Personal accident insurance |
D. | None of these |
Answer» B. Group insurance |
25. |
------ is the rate at which the central bank rediscounts the bills of commercial banks |
A. | Bank Rate Policy |
B. | Central bank rate |
C. | Credit rate |
D. | None of these |
Answer» A. Bank Rate Policy |
26. |
------- is the deliberate attempt by the central bank to influence the volume of credit available in the country. |
A. | OMO |
B. | SLR |
C. | BRP |
D. | None of these |
Answer» A. OMO |
27. |
----- is the deliberate attempt by the RBI to influence the volume of available in the country. |
A. | Bank Rate Policy. |
B. | Open Market Operations |
C. | Qualitative credit control. |
D. | All |
Answer» B. Open Market Operations |
28. |
-----------------------insurance is a cash value policy that provides life time protection by paying a lump sum death benefits. |
A. | Endowment insurance |
B. | Term insurance |
C. | Whole life insurance |
D. | Life insurance |
Answer» D. Life insurance |
29. |
----------------- insurance policy pay the assured sum on maturity of the policy or on the death of the insured whichever is ealier |
A. | Endowment insurance |
B. | Term insurance |
C. | Whole life insurance |
D. | Life insurance |
Answer» D. Life insurance |
30. |
When the life insurance corporation of India was formed? |
A. | August 1 1956 |
B. | November 1 1956 |
C. | September 1 1956 |
D. | January 1 1956 |
Answer» C. September 1 1956 |
31. |
In Insurance the consideration is known as |
A. | Money |
B. | Fund |
C. | Return |
D. | Premium |
Answer» D. Premium |
32. |
IRDA based in |
A. | Hyderabad |
B. | Kolkkatta |
C. | Mumbai |
D. | Chennai |
Answer» A. Hyderabad |
33. |
Insurance is defined as a |
A. | Contract |
B. | Social device |
C. | Co-operative device |
D. | All |
Answer» D. All |
34. |
which of the following is called bankers cheque ? |
A. | demand draft |
B. | debit card |
C. | pay order |
D. | fixed deposit |
Answer» A. demand draft |
35. |
RBI was nationalized in the year_______ |
A. | 1949 |
B. | 1935 |
C. | 1934 |
D. | none |
Answer» A. 1949 |
36. |
The RBI is establish in the year _____ |
A. | 1934 |
B. | 1935 |
C. | 1949 |
D. | none |
Answer» A. 1934 |
37. |
Growth with ______is one of the important objectives of monetary policy of the RBI. |
A. | Price feasibility |
B. | Price Stability |
C. | Price liability |
D. | none |
Answer» B. Price Stability |
38. |
Forecasting or fixing rate of inflation is called______ |
A. | deflation targeting |
B. | Inflation targeting |
C. | both |
D. | none |
Answer» B. Inflation targeting |
39. |
_____is considered as an alternative to CB |
A. | currency Board, |
B. | National Board |
C. | Both |
D. | none |
Answer» A. currency Board, |
40. |
Central bank is that bank which controls ______ |
A. | credit |
B. | assets |
C. | gold |
D. | none |
Answer» A. credit |
41. |
The inflation target at present for India is_____ |
A. | 5% |
B. | 3% |
C. | 4% |
D. | none |
Answer» C. 4% |
42. |
Monetary policy in India is formulated by ______ |
A. | fiscal policy committee |
B. | fiscal policy committee. |
C. | general committee |
D. | none |
Answer» B. fiscal policy committee. |
43. |
RBI’s monetary policy has to sub serve the ____, economic & social objectives |
A. | national, |
B. | local, |
C. | state |
D. | none |
Answer» A. national, |
44. |
Transparency improves _________ of CB |
A. | accountability |
B. | credibility |
C. | both |
D. | none |
Answer» B. credibility |
45. |
_____is the apex bank of the banking sector of an economy. |
A. | BOI |
B. | SBI |
C. | RBI |
D. | none |
Answer» C. RBI |
46. |
Transparency improves accountability of CB. |
A. | True |
B. | False |
C. | all |
D. | none |
Answer» B. False |
47. |
Globalization has increased the role of central bank. |
A. | True |
B. | False |
C. | all |
D. | none |
Answer» A. True |
48. |
The RBI was established as a private shareholders bank |
A. | True |
B. | False |
C. | all |
D. | none |
Answer» A. True |
49. |
RBI’s monetary policy has to sub serve the national, economic & social objectives |
A. | True |
B. | False |
C. | all |
D. | none |
Answer» A. True |
50. |
The RBI is totally autonomous and independent of the government. |
A. | True |
B. | False |
C. | all |
D. | none |
Answer» B. False |
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