McqMate
101. |
When did RBI introduced lead banks schemes |
A. | 1969 |
B. | 1968 |
C. | 1967 |
D. | 1966 |
Answer» A. 1969 |
102. |
The banking activities performed by foreign multinational banks in a country |
A. | Core banking |
B. | E-Banking |
C. | Off Shore Banking |
D. | Islamic Banking |
Answer» C. Off Shore Banking |
103. |
Name the banking facility of 24 hours based on the voice processing facility available with bank computers |
A. | Tele banking |
B. | Internet Banking |
C. | ATM |
D. | Core Banking |
Answer» A. Tele banking |
104. |
The settlement system which settle transaction on a one to one basis without adjusting debits against credits |
A. | Real time settlements |
B. | Gross Settlement |
C. | Net settlements |
D. | None of these |
Answer» B. Gross Settlement |
105. |
In which year banking Ombudsman scheme introduced by RBI |
A. | 1996 |
B. | 2006 |
C. | 1991 |
D. | 1995 |
Answer» D. 1995 |
106. |
Which of the following is not an innovative services |
A. | Merchant Banking |
B. | Factoring |
C. | Accepting deposits |
D. | Leasing |
Answer» C. Accepting deposits |
107. |
………………………refers to a banking transactions routed through internet |
A. | Mobile banking |
B. | Online banking |
C. | Off shore Banking |
D. | None of these |
Answer» B. Online banking |
108. |
NPA stands for …………………………………………….. |
A. | Net profit Assessment |
B. | None Performing Asset |
C. | Non Participating Asset |
D. | None of these |
Answer» B. None Performing Asset |
109. |
CORE Banking means ……………………………………… |
A. | Centralized online real time exchange |
B. | Centralized offshore real-time Easy fund |
C. | None of these |
D. | Classification of real-time E-Banking |
Answer» A. Centralized online real time exchange |
110. |
The use of technology and telecommunication systems in banking services is known as ……………………………… |
A. | Internet banking |
B. | Off shore banking |
C. | Hi-tech banking |
D. | None of these |
Answer» C. Hi-tech banking |
111. |
EFT stands for ……………………………………………….. |
A. | Easy Fund Transfer |
B. | Electronic Fund Transfer |
C. | Equity fund Transfer |
D. | None of these |
Answer» B. Electronic Fund Transfer |
112. |
Name the electronic machine which is operated by the customer to make deposits and withdraws |
A. | Cash vending machine |
B. | ATM |
C. | POS Terminal |
D. | Payment gateway |
Answer» B. ATM |
113. |
The method of banking that allows customers to perform banking transactions through a bank’s website hosted in the internet |
A. | Internet banking |
B. | Mobile banking |
C. | Hi-tech Banking |
D. | None of these |
Answer» A. Internet banking |
114. |
The mechanism by which a person can make purchases without immediate cash payment |
A. | Credit banking |
B. | ATM Card |
C. | Payment card |
D. | None of these |
Answer» A. Credit banking |
115. |
……………………………. Card which helps a person to purchase Goods and services and makes payment from his own deposit a/c |
A. | Credit card |
B. | Debit card |
C. | ATM card |
D. | none of these |
Answer» B. Debit card |
116. |
………………………………………. Is a valid contract between the insured and the insurer |
A. | Policy |
B. | Insurance |
C. | Warranties |
D. | None |
Answer» B. Insurance |
117. |
From the following, which is not a type of risk |
A. | Speculative risk |
B. | Fundamental |
C. | Dynamic |
D. | Quantitative Risk |
Answer» D. Quantitative Risk |
118. |
………………………………………….means to make good the actual loss and nothing more than the actual loss |
A. | Indemnity |
B. | Subrogation |
C. | Contribution |
D. | None |
Answer» A. Indemnity |
119. |
In insurance the risk is ……………………………………… |
A. | Certain |
B. | Uncertain |
C. | Both (A) and (b) |
D. | None |
Answer» B. Uncertain |
120. |
From the following which is not a miscellaneous insurance? |
A. | Motor |
B. | Third party |
C. | Social |
D. | Burglary |
Answer» C. Social |
121. |
Marine insurance is for one year or for a …………………………….. Specified period |
A. | Voyage |
B. | Year |
C. | Loss |
D. | None |
Answer» A. Voyage |
122. |
The life insurance contract is expressed in a document known as …………………………………. |
A. | Premium |
B. | Policy |
C. | Indemnity |
D. | None |
Answer» B. Policy |
123. |
……………………………………………….is a voluntary termination of the contract by the policy holder |
A. | Report |
B. | Surrender |
C. | Prospectus |
D. | Couer |
Answer» B. Surrender |
124. |
……………………………………………..is concerned with overseas trade |
A. | Life insurance |
B. | Non life insurance |
C. | Marine Insurance |
D. | Fire Insurance |
Answer» C. Marine Insurance |
125. |
………………………………………..means good or commodities carried in a ship |
A. | Hull |
B. | Cargo |
C. | Fright |
D. | Premium |
Answer» B. Cargo |
126. |
………………………..in a social device for eliminating or reducing the loss of society from certain risk. |
A. | Premium |
B. | Policy |
C. | Insurance |
D. | Contract |
Answer» C. Insurance |
127. |
Insurance provides security against ………………………….. |
A. | Risk |
B. | Losses |
C. | Both (a) and (b) |
D. | None of these |
Answer» C. Both (a) and (b) |
128. |
……………………………….is the party who agrees to compensate the other person against possible losses |
A. | Insured |
B. | Insurer |
C. | Assured |
D. | None |
Answer» B. Insurer |
129. |
……………………………….is the party who gets his life of property insured against risk |
A. | Insured |
B. | Insurer |
C. | Assurer |
D. | None |
Answer» A. Insured |
130. |
The insurer agrees to compensate the insurer in consideration of a sum of money is called |
A. | Premium |
B. | Policy |
C. | Subject matter |
D. | None |
Answer» A. Premium |
131. |
The things are property insured is called ………………………………………….of the insurance |
A. | Subject matter |
B. | Insurable interest |
C. | Policy |
D. | None |
Answer» A. Subject matter |
132. |
The document which lays down the terms of the contract of the insurance is called …………………………………….. |
A. | Policy |
B. | Subject matter |
C. | Premium |
D. | Insurable Interest |
Answer» A. Policy |
133. |
The interest which insured has in the subject matter of the insurance is called ……………………………………. |
A. | Premium |
B. | Insurance Interest |
C. | Both A and B |
D. | None |
Answer» B. Insurance Interest |
134. |
A contract of insurance is a …………………………………….agreement |
A. | contingent |
B. | Constant |
C. | Both A and B |
D. | None |
Answer» A. contingent |
135. |
LIC was formed in …………………………. |
A. | 1952 |
B. | 1956 |
C. | 1957 |
D. | 1962 |
Answer» B. 1956 |
136. |
Risk is evaluated on the basis of …………………………………….. theory |
A. | Variability |
B. | Contingency |
C. | Probability |
D. | All |
Answer» C. Probability |
137. |
Insurance is a written agreement between the insurer and the ……………………………… |
A. | People |
B. | Individuals |
C. | Institutions |
D. | Insured |
Answer» D. Insured |
138. |
Insurable interest means ……………………………..interest |
A. | Individuals |
B. | Social |
C. | Monitoring |
D. | All of this |
Answer» C. Monitoring |
139. |
Which of the following insurance contract is not based on the principle of indemnity |
A. | Fire insurance |
B. | Marine insurance |
C. | Life insurance |
D. | None |
Answer» C. Life insurance |
140. |
Human life is the subject matter of a contract of_______________ |
A. | Life insurance |
B. | Fire insurance |
C. | Marine Insurance |
D. | None-life insurance |
Answer» A. Life insurance |
141. |
Motor insurance provides insurance cover to _____________________ |
A. | Private vehicles |
B. | Commercial |
C. | Motor cycles |
D. | All of these |
Answer» D. All of these |
142. |
Expanded form of IRDA is_________________________ |
A. | Insurance Regulatory Development Authority |
B. | Insurance reforms development Act |
C. | Insurance Restructure Development Authority |
D. | Indian RE- insurance Development Authority |
Answer» A. Insurance Regulatory Development Authority |
143. |
IRDA is a ------------ member team |
A. | 10 |
B. | 20 |
C. | 15 |
D. | 18 |
Answer» A. 10 |
144. |
The subject matter of insurance is ___________ |
A. | Risk |
B. | Return |
C. | Income |
D. | Profit |
Answer» A. Risk |
145. |
Marine insurance may cover loss or damage to the ___________ |
A. | Ship |
B. | Cargo |
C. | Any other subject of marine adventure |
D. | All of these |
Answer» D. All of these |
146. |
_________ insurance is a not a contract of indemnity |
A. | Fire |
B. | Marine |
C. | Health |
D. | Life |
Answer» D. Life |
147. |
Risk is evaluated on the basis of ___________ theory |
A. | Variability |
B. | Contingency |
C. | Probability |
D. | All |
Answer» C. Probability |
148. |
Insurance is a written agreement between the insured and the__________ |
A. | People |
B. | Individuals |
C. | Institutions |
D. | Insured |
Answer» D. Insured |
149. |
Insurable interest means___________ interest |
A. | Individual |
B. | Social |
C. | Monetary |
D. | All of these |
Answer» C. Monetary |
150. |
Which of the following insurance contract is not based on the principle of indemnity |
A. | File Insurance |
B. | Marine Insurance |
C. | Life insurance |
D. | None |
Answer» C. Life insurance |
151. |
________means closure or writing off the policy before its actual maturity |
A. | Fore closure |
B. | Surrender |
C. | Endorsement |
D. | Cover not |
Answer» A. Fore closure |
152. |
If the insured dies before the expiry of the term of the policy is known as________ |
A. | Policy |
B. | Premium |
C. | Death claim |
D. | Death policy |
Answer» C. Death claim |
153. |
If more than one person claim the policy Money is called_______________________ |
A. | Death claim |
B. | Rival claim |
C. | Both |
D. | None |
Answer» B. Rival claim |
154. |
A marine insurance is a contract of___________________ |
A. | Increment |
B. | Indemnity |
C. | Maturity |
D. | None |
Answer» B. Indemnity |
155. |
_________means as complete loss or destruction of the subject matter in the policy |
A. | Partial loss |
B. | Total loss |
C. | Actual loss |
D. | None |
Answer» B. Total loss |
156. |
_________policy is issued to cover the risks involved when ship is anchored in the post |
A. | Cargo |
B. | Port risk |
C. | Currency |
D. | Fleet |
Answer» B. Port risk |
157. |
___________________policy is taken to cover different risks for a single shipment |
A. | Blanket |
B. | Named |
C. | Specific cover |
D. | Block |
Answer» C. Specific cover |
158. |
FPR means_________________ |
A. | First Premium Receipt |
B. | Fourth premium receipt |
C. | First policy receipt |
D. | First policy record |
Answer» A. First Premium Receipt |
159. |
___________ is a policy in which the limits of the risks are determined by the place of particular voyage |
A. | Time policy |
B. | Valued policy |
C. | Voyage policy |
D. | Floating policy |
Answer» C. Voyage policy |
160. |
Life insurance policies are issued for __________years duration |
A. | 15-20 |
B. | 5-10 |
C. | 10-15 |
D. | 10-20 |
Answer» B. 5-10 |
161. |
A fire policy containing an average clause is___________________ |
A. | Valued policy |
B. | Average policy |
C. | Specific policy |
D. | Floating policy |
Answer» B. Average policy |
162. |
A policy causes loss on goods which are laying in different places |
A. | Specific |
B. | Declaration |
C. | Replacement |
D. | Floating |
Answer» D. Floating |
163. |
Property insurance may not include_______________ |
A. | Burglary |
B. | Fidelity |
C. | Insolvency |
D. | Sickness |
Answer» D. Sickness |
164. |
_______is a contract against injury or death resulting from accident |
A. | Property insurance |
B. | Liability Insurance |
C. | Personal accident insurance |
D. | None of these |
Answer» C. Personal accident insurance |
165. |
Motor vehicle insurance begin in ________________ |
A. | UK |
B. | USA |
C. | India |
D. | Japan |
Answer» A. UK |
166. |
The person whose risk is insured is called ________________ |
A. | Assured |
B. | Insured |
C. | Under writer |
D. | Both A & B |
Answer» D. Both A & B |
167. |
In marine insurance insurable interest is enough at the time of_______________ |
A. | Maturity |
B. | Insurance |
C. | Loss |
D. | Claim |
Answer» C. Loss |
168. |
______ is an agreement whereby the insurer agreed to indemnity the insured against marine losses |
A. | Fire insurance |
B. | Marine Insurance |
C. | Life Insurance |
D. | Property Insurance |
Answer» C. Life Insurance |
169. |
The term Assurance refers to______________ |
A. | Life insurance business |
B. | Fire insurance business |
C. | Motor vehicle Insurance |
D. | Marine Insurance |
Answer» A. Life insurance business |
170. |
Marine peril is also called as______________ |
A. | Morale hazards |
B. | Moral hazards |
C. | Peril of the sea |
D. | None |
Answer» C. Peril of the sea |
171. |
Medical expense insurance is also known as__________________ |
A. | Personal insurance |
B. | Liability insurance |
C. | Medi claim |
D. | Fidelity |
Answer» C. Medi claim |
172. |
The constitution of the IRDA consists of not more than ___________ members |
A. | 8 |
B. | 9 |
C. | 10 |
D. | 11 |
Answer» B. 9 |
173. |
____________ is also termed as group risk |
A. | Fundamental risk |
B. | Static risk |
C. | Property risk |
D. | Liability risk |
Answer» A. Fundamental risk |
174. |
Life insurance company was set up in______________ |
A. | 1823 |
B. | 1832 |
C. | 1822 |
D. | 1821 |
Answer» A. 1823 |
175. |
The principle of indemnity does not apply to |
A. | Life insurance |
B. | Personal accident insurance |
C. | Both a & b |
D. | None |
Answer» C. Both a & b |
176. |
The normal period of a ____________ insurance contract is one year |
A. | Life |
B. | Marine |
C. | Fire |
D. | Property |
Answer» C. Fire |
177. |
Marine insurance protect against_______________ |
A. | Fire perils |
B. | Marine perils |
C. | Both a and B |
D. | None |
Answer» B. Marine perils |
178. |
Motor vehicle act was established in______________ |
A. | 1888 |
B. | 1988 |
C. | 1998 |
D. | 1978 |
Answer» B. 1988 |
179. |
_________ enable to regroup the losses suffered by people consequent on burglary or hour breaking |
A. | Burglary insurance |
B. | Fire insurance |
C. | Both A and B |
D. | None |
Answer» A. Burglary insurance |
180. |
The term________ is referred only life insurance business |
A. | Warranties |
B. | Almost good faith |
C. | Assurance |
D. | None |
Answer» C. Assurance |
181. |
From the following which is a loss due to fire |
A. | Loss of asset |
B. | Loss of profit |
C. | Both a and b |
D. | None |
Answer» C. Both a and b |
182. |
In which year insurance began in India |
A. | 1870 |
B. | 1818 |
C. | 1897 |
D. | 1896 |
Answer» B. 1818 |
183. |
An insurance policy will be only if ___________is paid |
A. | Policy |
B. | Premium |
C. | Document |
D. | None |
Answer» B. Premium |
184. |
___________ is the total premium that a policy holder pays |
A. | Gross premium |
B. | Average premium |
C. | Total premium |
D. | Level premium |
Answer» A. Gross premium |
185. |
The time frame for which an insurance policy provides coverage is known as___________________ |
A. | Policy term |
B. | Policy loan |
C. | Policy mode |
D. | None |
Answer» A. Policy term |
186. |
Intimation of death is the information of death to the________________ |
A. | Beneficiary |
B. | Insurer |
C. | Both A&B |
D. | None |
Answer» B. Insurer |
187. |
_________ is a form of health insurance against loss by a accidental bodily injury |
A. | Property insurance |
B. | Marine insurance |
C. | Personal insurance |
D. | Accident Insurance |
Answer» D. Accident Insurance |
188. |
Which is not a subject matter of marine insurance |
A. | Hull insurance |
B. | Cargo Insurance |
C. | Fright Insurance |
D. | Fire insurance |
Answer» D. Fire insurance |
189. |
Form the following which is not a content of the letter of intimation |
A. | Name of the life assured |
B. | Date of death |
C. | Cause of death |
D. | Date of birth |
Answer» D. Date of birth |
190. |
Life insurance policy are issued for_______ years of duration |
A. | 15-20 |
B. | 5-10 |
C. | 10-15 |
D. | 10-20 |
Answer» B. 5-10 |
191. |
__________ is known as Rashtriya Krishi Bima Yojana |
A. | Crop Insurance |
B. | Hut Insurance |
C. | Property Insurance |
D. | None |
Answer» A. Crop Insurance |
192. |
Risk insured against death is a contract of________ |
A. | Agreement |
B. | Indemnity |
C. | Assurance |
D. | None |
Answer» C. Assurance |
193. |
___________ policy issued on the basis of the number of persons assured |
A. | Single life |
B. | Level Premium |
C. | Annuity |
D. | Multiple life |
Answer» D. Multiple life |
194. |
The danger of loss from the unforeseen circumstances in future refers to ___________ |
A. | Perils |
B. | Hazards |
C. | Damage |
D. | Risk |
Answer» D. Risk |
195. |
Policy holders are expected to pay premium on due dates a period of 15-30 days is allowed as grace to make payment of premium from the due date is |
A. | Day of grace |
B. | Days of indemnity |
C. | Both |
D. | None |
Answer» A. Day of grace |
196. |
_______ is a theft committed by breaking out of the premises |
A. | Burglary |
B. | Blanket |
C. | Fire |
D. | None |
Answer» A. Burglary |
197. |
The central office of LIC of India is located at-----------. |
A. | Mumbai |
B. | New Delhi |
C. | Bangalore |
D. | Chennai |
Answer» A. Mumbai |
198. |
From the following which is not an example of fundamental risk. |
A. | War |
B. | Unemployment |
C. | Inflation |
D. | Burning of a house |
Answer» D. Burning of a house |
199. |
----------is based on the principle of co-operation |
A. | Indemnity |
B. | Insurance |
C. | Claim |
D. | None |
Answer» B. Insurance |
200. |
Fire insurance contract is a contract of --------. |
A. | Guarantee |
B. | Validity |
C. | Contribution |
D. | Indemnity |
Answer» D. Indemnity |
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