Insurance and Financial Market Awareness Quiz for LIC AAO – Set 16

Insurance and Financial Market Awareness Quiz for LIC AAO – Set 16 

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. Who among the following is the Chairperson of the Monetary Policy Committee (MPC)?
   Deputy Governor of RBI
   Finance Minister
   An Officer of RBI nominated by the Central Board
   Governor of RBI
   None of These
   Option D
   

    

2. The amount written in words in a cheque is called as ___________
   Legal Amount
   Courtesy Amount
   Stale Amount
   Official Amount
   Formal Amount
   Option A
   Legal Amount: The amount written in words in a cheque and Courtesy Amount: The amount written in figures (digits) in a cheque.

    

3. A Virtual Payment Address is a unique identifier used to send and receive money via____________
   NEFT
   UPI
   RTGS
   IMPS
   All the above
   Option B
   

    

4. ____________ is an Insurance plan under which a number of employees and their dependents are insured under a single policy.
   Double Insurance
   Co Insurance
   Self Insurance
   Family Insurance
   Group insurance
   Option E
   

    

5. What is the standard size of the Priority Sector Lending Certificates?
   Rs 12 lakh
   Rs 20 lakh
   Rs 25 lakh
   Rs 10 lakh
   Rs 15 lakh
   Option C
   The PSLCs would have a standard lot size of ₹ 25 lakh and multiples thereof.

    

6. Cheques denominated in currencies other than Indian Rupees are known as ________
   outside cheque
   foreign currency cheque
   outstation cheque
   speed cheque
   alien cheque
   Option B
   

    

7. The life insurance plan ‘Webassurance’ has been launched especially for the customers of which bank?
   Canara Bank
   State Bank of India
   Punjab National Bank
   HDFC Bank
   Kotak Mahindra Bank
   Option A
   Public Sector Bank, Canara Bank in association with its life insurance partner, Canara HSBC Oriental Bank of Commerce Life Insurance has announced the launch of ‘Webassurance’.

    

8. What is the new deadline set by the RBI for completion of KYC process by Prepaid Payment Instruments (PPIs) providers?
   31 March 2019
   31 December 2019
   31 May 2019
   31 August 2019
   31 October 2019
   Option D
   

    

9. LEI is a 20-character, alpha-numeric code. What does E denotes in LEI?
   Extended
   Entity
   Exchange
   Electronic
   Export
   Option B
   Legal Entity Identifier (LEI)

    

10. How many members are there on IRDAI Board?
    8
    6
    10
    12
    11
    Option C