Insurance and Financial Market Awareness Quiz for LIC AAO – Set 15

Insurance and Financial Market Awareness Quiz for LIC AAO – Set 15 

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. What is the current interest rate payable on Cash Reserve Ratio (CRR) maintained by banks with RBI?
   2%
   4%
   3%
   No interest is payable on CRR
   Equal to bank rate
   Option D
   

    

2. What is the authorized capital of National Insurance Company Limited (NICL)?
   Rs 200 crore
   Rs 1000 crore
   Rs 100 crore
   Rs 500 crore
   Rs 300 crore
   Option A
   The authorized capital and paid-up equity capital of the company is Rs.200 crore and Rs.100 crore respectively.

    

3. The National Payments Corporation of India (NPCI) has how many core promoter banks?
   8
   10
   12
   15
   20
   Option B
   There are ten core promoter banks of NPCI namely State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank and HSBC

    

4. The merger of Regional Rural Banks with their Sponsor banks was first based on the recommendation of which committee?
   Narasimham Committee
   Varghese Committee
   Khan Committee
   Malegam Committee
   Khusro Committee
   Option E
   

    

5. What is the maximum tenure of single premium life insurance (SPLI) policies?
   5 years
   12 years
   10 years
   7 years
   15 years
   Option C
   The term of SPLI policies is usually 10 years, but one can exit after five years.

    

6. In BSBDA Small Accounts, the total withdrawal or transfer of funds in a month should not exceed Rs ________
   Rs 15,000
   Rs 20,000
   Rs 50,000
   Rs 10,000
   Rs 25,000
   Option D
   

    

7. A bond that makes no periodic interest payments and is sold at a deep discount from face value is known as_______
   High yield bond
   Zero-coupon bond
   Treasury bond
   Serial bond
   Regular bond
   Option B
   

    

8. RBI introduced the Liberalised Remittance Scheme in which year?
   2005
   2011
   1999
   1992
   2000
   Option A
   

    

9. The first bank of a joint stock variety in India was ___________
   Allahabad Bank
   Bank of Bengal
   Bank of Bombay
   Bank of Madras
   Bank of Hindustan in Calcutta
   Option C
   

    

10. The insurance coverage to exporters is provided by?
    DICGC
    LIC
    IRDAI
    ECGC
    GIC
    Option D