McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Arts in Economics (BA Economics) .
| 51. |
NEFT is ---------------------- payment system facilitating one to one fund transfer. |
| A. | nationwide |
| B. | state wide |
| C. | region wise |
| D. | district wise. |
| Answer» A. nationwide | |
| 52. |
The minimum amount to be remitted through RTGS is R.S |
| A. | 2 lakh |
| B. | 5 lakh |
| C. | 10 lakh |
| D. | 1 lakh. |
| Answer» A. 2 lakh | |
| 53. |
NEFT operates in ---------------- batches |
| A. | hourly |
| B. | daily |
| C. | weekly |
| D. | monthly. |
| Answer» A. hourly | |
| 54. |
CTS in India is a project undertaken by ------------------- |
| A. | sbt |
| B. | pnb |
| C. | sib |
| D. | rbi. |
| Answer» D. rbi. | |
| 55. |
CTS in INDIA is undertaken during |
| A. | 2000 |
| B. | 2005 |
| C. | 2008 |
| D. | 2010. |
| Answer» C. 2008 | |
| 56. |
RBI first implemented CTS at [a] Delhi [b] Kolkata [c] Mumbai [d] Bangalore. 63. CTS operation started across the country in |
| A. | 2000 |
| B. | 2008 |
| C. | 2014 |
| D. | 2010 |
| Answer» A. 2000 | |
| 57. |
The banking ombudsman scheme is introduced under ----------------- section of banking regulation Act |
| A. | 35 a |
| B. | 35 |
| C. | 25 |
| D. | 73. |
| Answer» A. 35 a | |
| 58. |
The banking ombudsman scheme is introduced by |
| A. | rbi |
| B. | prime minister |
| C. | finance minister |
| D. | president. |
| Answer» A. rbi | |
| 59. |
The banking ombudsman scheme working is effect from |
| A. | 1990 |
| B. | 1995 |
| C. | 2000 |
| D. | 2005. |
| Answer» B. 1995 | |
| 60. |
Narasimham committee submitted its report in------------------ |
| A. | january 1991 |
| B. | march 1991 |
| C. | september 1991 |
| D. | november 1991. |
| Answer» D. november 1991. | |
| 61. |
Narasimham committee II submitted its report in------------------ |
| A. | 1998 |
| B. | 1992 |
| C. | 1995 |
| D. | 1990 |
| Answer» A. 1998 | |
| 62. |
Insurance is a----------------------------------------- |
| A. | charity |
| B. | gambling |
| C. | a contract |
| D. | discount . |
| Answer» A. charity | |
| 63. |
The Indian Marine Insurance Act was passed in |
| A. | 1963 |
| B. | 1774 |
| C. | 1779 |
| D. | 1781. |
| Answer» A. 1963 | |
| 64. |
Marine insurance was first started in |
| A. | italy |
| B. | germany |
| C. | france |
| D. | india. |
| Answer» A. italy | |
| 65. |
Lloyd’s Association formed policy in the year |
| A. | 1779 |
| B. | 1970 |
| C. | 1875 |
| D. | 1995. |
| Answer» A. 1779 | |
| 66. |
Fire insurance was firstly used at----------------------------- |
| A. | italy |
| B. | germany |
| C. | india |
| D. | france |
| Answer» B. germany | |
| 67. |
Fire Insurance Company opened in London by |
| A. | nicholas borban |
| B. | crowther |
| C. | shyer |
| D. | kevin |
| Answer» A. nicholas borban | |
| 68. |
First fire insurance company opened at |
| A. | london |
| B. | italy |
| C. | germany |
| D. | france |
| Answer» A. london | |
| 69. |
In India first fire insurance company was established in |
| A. | 1850 |
| B. | 1870 |
| C. | 1860 |
| D. | 1890 |
| Answer» A. 1850 | |
| 70. |
The first life insurance policy was issued in the year |
| A. | 1653 |
| B. | 1675 |
| C. | 1850 |
| D. | 1665. |
| Answer» A. 1653 | |
| 71. |
As an institution life insurance was established in |
| A. | 1653 |
| B. | 1679 |
| C. | i1769 |
| D. | 1980. |
| Answer» B. 1679 | |
| 72. |
LIC was established on September |
| A. | 1952 |
| B. | 1956 |
| C. | 1948 |
| D. | 1964. |
| Answer» B. 1956 | |
| 73. |
In India Insurance Act was passed in |
| A. | 1912 |
| B. | 1990 |
| C. | 1969 |
| D. | 1964. |
| Answer» A. 1912 | |
| 74. |
The first Indian Insurance company started in the year |
| A. | 1882 |
| B. | 1956 |
| C. | 1850 |
| D. | 1982. |
| Answer» C. 1850 | |
| 75. |
Life insurance business was nationalized in the year |
| A. | 1956 |
| B. | 1948 |
| C. | 1850 |
| D. | 1912. |
| Answer» A. 1956 | |
| 76. |
General insurance business Act was passed in |
| A. | 1972 |
| B. | 1856 |
| C. | 1850 |
| D. | 1948. |
| Answer» A. 1972 | |
| 77. |
Indian fire insurance was started in the year |
| A. | 1805 |
| B. | 1810 |
| C. | 1825 |
| D. | 1850. |
| Answer» C. 1825 | |
| 78. |
In India , fire insurance was started at ----------------- |
| A. | madras |
| B. | kolkata |
| C. | cochin |
| D. | mumbai. |
| Answer» A. madras | |
| 79. |
General insurance business act was came in to force from the year |
| A. | 1973 ` |
| B. | 1970 |
| C. | 1972 |
| D. | 1980. |
| Answer» A. 1973 ` | |
| 80. |
Find odd one; On the basis of risk insurance can be |
| A. | personal |
| B. | property |
| C. | social insurance |
| D. | guarantee |
| Answer» C. social insurance | |
| 81. |
Burglary insurance firstly developed at------------------- |
| A. | u.k |
| B. | u.s |
| C. | japan |
| D. | france. |
| Answer» A. u.k | |
| 82. |
Burglary insurance firstly developed in ------------------ |
| A. | 1887 |
| B. | 1857 |
| C. | 1882 |
| D. | 1779. |
| Answer» A. 1887 | |
| 83. |
General insurance were nationalised in the year |
| A. | 1972 |
| B. | 1872 |
| C. | 1782 |
| D. | 1852. |
| Answer» A. 1972 | |
| 84. |
When an insurer transfers a part of risks on particular policy by insuring it with some others. Then it is called--------------- |
| A. | insurance |
| B. | association |
| C. | re –insurance |
| D. | mutual companies. |
| Answer» C. re –insurance | |
| 85. |
IRDA was passed in the year |
| A. | 1990 |
| B. | 1992 |
| C. | 1995 |
| D. | 1999. |
| Answer» D. 1999. | |
| 86. |
IRDA permitted co-operative insurance organisation in the year |
| A. | 2000 |
| B. | 2002 |
| C. | 2004 |
| D. | 2005. |
| Answer» D. 2005. | |
| 87. |
The institution which promote international trade |
| A. | sfc |
| B. | icici |
| C. | idbi |
| D. | exim bank. |
| Answer» D. exim bank. | |
| 88. |
Those banking have large scale operations and geographical spreading of risks |
| A. | mixed banking |
| B. | unit banking |
| C. | branch banking |
| D. | chain banking. |
| Answer» C. branch banking | |
| 89. |
The number of banks nationalised in 1969 |
| A. | 10 |
| B. | 14 |
| C. | 16 |
| D. | 20. |
| Answer» B. 14 | |
| 90. |
Unit banking is referred to as |
| A. | local banking |
| B. | branch banking |
| C. | mixed banking |
| D. | central bank. |
| Answer» A. local banking | |
| 91. |
The number of banks nationalised in 1980 |
| A. | 10 |
| B. | 14 |
| C. | 6 |
| D. | 20. |
| Answer» C. 6 | |
| 92. |
The institution which promote agriculture and rural development |
| A. | nabard |
| B. | rrb |
| C. | sidbi |
| D. | ifci. |
| Answer» A. nabard | |
| 93. |
Imperial bank was nationalised in the year |
| A. | 1950 |
| B. | 1955 |
| C. | 1956 |
| D. | 1958. |
| Answer» B. 1955 | |
| 94. |
The rate at which Central Bank grant loans to the commercial banks against the security is : |
| A. | repo rate |
| B. | reverse repo |
| C. | bank rate |
| D. | discounting bills. |
| Answer» C. bank rate | |
| 95. |
The national housing bank was established in the year |
| A. | 1980 |
| B. | 1982 |
| C. | 1988 |
| D. | 1990. |
| Answer» C. 1988 | |
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