Insurance and Financial Market Awareness Quiz for LIC AAO – Set 11

Insurance and Financial Market Awareness Quiz for LIC AAO – Set 11 

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. In which year was IRDA constituted?
   1991
   1993
   2000
   2001
   2005
   Option C
   Constituted on April 19, 2000

    

2. The Ad-Hoc treasury bills were discontinued and replaced by _______.
   91 days t-bill
   WMA
   Commercial Papers
   G-Secs
   None of these
   Option B
   Ways and Means Advances (WMA)

    

3. FDI is an investor which picks up more than ___ percent stake in a company’s equity.
   5%
   8%
   10%
   12%
   15%
   Option C
   more than 10%

    

4. What is the full form of ASBA?
   Amount Subscribed by Banking Association
   Amount Subscribed by Beginner Associate
   Applications Subscribed by Banking Account
   Applications Supported by Blocked Amount
   Amount Supported by Banking Account
   Option D
   ASBA (Applications Supported by Blocked Amount) is a process developed by the India’s Stock Market Regulator SEBI for applying to IPO

    

5. Allocating shares in excess of the shares included in the public issue is known as?
   red horse option
   over priced option
   green shoe option
   pink slip option
   book builiding
   Option C
   A greenshoe option is an over-allotment option.

    

6. RBI has introduced VRR for investments by ____?
   Share holders
   FPI
   FDI
   Brokers
   Retirees
   Option B
   Voluntary Retention Route (VRR) for FPI

    

7. What does R stand for in MUDRA?
   Return
   Refinance
   Risk
   Ratio
   Radical
   Option B
   Micro Units Development & Refinance Agency

    

8. According to RBI, “Bulk Deposit” means single Rupee term deposits of Rs ___________ and above.
   Rs 1 crore
   Rs 5 crore
   Rs 50 lakh
   Rs 2 crore
   Rs 10 crore
   Option D
   Rs 2 crore

    

9. The fixed amount of money paid by the insured to the insurance company regularly is called __________.
   Capital
   Annuity
   Premium
   Value
   Price
   Option C
   

    

10. The insurance in which risks are shared between multiple insurers is known as __________
    Dual Insurance
    Co Insurance
    Micro Insurance
    Macro Insurance
    Reinsurance
    Option B
    Co Insurance