Insurance and Financial Market Awareness Quiz for LIC AAO – Set 12

Insurance and Financial Market Awareness Quiz for LIC AAO – Set 12 

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. Third Party Administrators (TPAs) are distributors of insurance products for which type of insurance
   Car Insurance
   House Insurance
   Health Insurance
   Life Insurance
   All of these
   Option C
   Health Insurance

    

2. Which of the following tool is used to accommodate the temporary mismatches in the receipts and payments of the Government of India?
   T-bills
   CDs
   Commercial Papers
   WMA
   Loans
   Option D
   The Reserve Bank makes advances to the Central and state governments to remove the temporary mismatch in the cash flows. Such advances are termed as ‘ways and means advances’ (WMA).

    

3. What is the FDI limit in the Insurance Sector?
   26%
   49%
   51%
   74%
   100%
   Option B
   49%

    

4. Green Shoe option means
   over-allotment
   little-allotment
   less-allotment
   equal allotment
   partial allotment
   Option A
   A greenshoe option is an over-allotment option. In the context of an initial public offering (IPO), it is a provision in an underwriting agreement that grants the underwriter the right to sell investors more shares than initially planned by the issuer if the demand for a security issue proves higher than expected.

    

5. What is the minimum issue size of Indian Depository Receipts (IDR)?
   Rs 10 lakhs
   Rs 10 crore
   Rs 50 crore
   Rs 100 crore
   Rs 500 crore
   Option C
   

    

6. Rolling settlement was introduced by?
   RBI
   SEBI
   IRDA
   NSE
   BSE
   Option B
   A rolling settlement is the process of settling security trades on successive dates based upon the specific date when the original trade was made so that trades executed today will have a settlement date one business day later than trades executed yesterday.

    

7. MUDRA Bank is a subsidiary of?
   RBI
   SBI
   SEBI
   SIDBI
   EXIM Bank
   Option D
   MUDRA Bank is proposed to be set up through enactment of a law which will take some time. So it was started as a subsidiary of Small Industries Development Bank of India (SIDBI). It was launched on 8 April 2015. On 6 January 2016, it was converted as a wholly owned subsidiary of SIDBI and renamed as MUDRA (SIDBI) Bank.

    

8. In CLSS what does C denotes when linked to government schemes?
   Credit
   Class
   Cash
   Capital
   Current
   Option A
   Credit Linked Subsidy Scheme (CLSS)

    

9. Which among the following banks is a subsidiary of the Life Insurance Corporation of India (LIC)?
   IDFC First Bank
   UCO Bank
   IDBI Bank
   PNB
   None of these
   Option C
   IDBI Bank

    

10. Which among the following is an accidental insurance scheme?
    PMJJBY
    PMFBY
    PMSBY
    PMVVY
    All of these
    Option C
    Pradhan Mantri Surakhsa Beema Yojana (PMSBY); Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY); Pradhan Mantri Fasal Bima Yojana; Pradhanmantri Vaya Vandana Yojana (PMVVY)