McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , Bachelor of Commerce (B Com) .
| 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 | |
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