Insurance and Financial Market Awareness Quiz for LIC AAO – Set 10

Insurance and Financial Market Awareness Quiz for LIC AAO – Set 10 

This is Insurance and Financial Market Awareness Test Series for LIC AAO 2019 Mains exam. Attempt all our quizzes for LIC AAO and score the best marks. 

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Time Limit: 5 Minutes

 

1. For a company to issue Commercial Papers, its net worth should be more than what amount?
   Rs 1 crore
   Rs 2 crore
   Rs 3 crore
   Rs 4 crore
   Rs 5 crore
   Option D
   Not less than Rs 4 crore

    

2. Which of the following refers to the mandatory investment that banks have to make in government securities?
   CRR
   SLR
   Repo
   Reverse Repo
   OMO
   Option B
   Statutory liquidity ratio (SLR)

    

3. Which of the component is present in MCLR?
   Negative Carry on account of CRR
   Negative Carry on account of SLR
   Negative Carry on account of Repo
   Negative Carry on account of Reverse Repo
   Negative Carry on account of Bank Rate
   Option A
   Since banks donot earn interest for CRR, hence it can is treated as negative carry.

    

4. What is the full form of MSS?
   Market Synchronous Scheme
   Market Symbolic Scheme
   Manageable Security Scheme
   Market Security Scheme
   Market Stabilisation Scheme
   Option E
   Market Stabilisation Scheme

    

5. Who introduced the concept of Anchor Investment?
   SEBI
   RBI
   NSE
   IRDA
   PFRDA
   Option A
   Introduced by SEBI, Anchor investors are institutional investors who are offered shares in an IPO a day before the offer opens.

    

6. Call and Put are type of?
   Forwards
   Futures
   Options
   Swaps
   Warrants
   Option C
   Call Option and Put Option

    

7. Which bank has launched India’s first ‘Green Car Loan’ to encourage customers to buy electric vehicle?
   SBI
   HDFC Bank
   Axis Bank
   ICICI Bank
   Kotak Mahindra Bank
   Option A
   State Bank of India has launched India’s first ‘Green Car Loan’ (loans for Electric Vehicle) to encourage customers to buy electric vehicles. The interest rate in SBI Green car loans will be 20 basis points less than the normal car loan schemes. It will also come with the longest repayment period of up to eight years.

    

8. The Price at which government purchases the food grains for maintaining the public distribution system is known as___________
   Ceiling price
   Procurement price
   Issue price
   Cost price
   None of these
   Option B
   

    

9. Which among the following is not a valid mode to pay premium
   Promissory Note
   Cheque
   Credit Card
   Cash
   All are valid
   Option A
   Promissory Note

    

10. A regular premium policy acquires surrender value after the policyholder has paid the premiums continuously for ________years.
    1 year
    2 years
    3 years
    4 years
    5 years
    Option C
    3 years