Insurance and Financial Market Awareness Quiz for LIC AAO – Set 17

Insurance and Financial Market Awareness Quiz for LIC AAO – Set 17 

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. When a company purchases its own share, which it had issued previously to the shareholders, it is known as?
   Purchase Off
   Buy Back
   Cancelled Off
   Reissue
   Revived
   Option B
   A buyback, also known as a share repurchase, is when a company buys its own outstanding shares to reduce the number of shares available on the open market.

    

2. A ____ is a person who sells shares which he does not own/posses.
   Stock Seller
   Security Seller
   Broad Seller
   Short Seller
   Authorised Seller
   Option D
   In finance, a short sale is the sale of an asset that the seller has borrowed in order to profit from a subsequent fall in the price of the asset. After borrowing the asset, the short seller sells it to a buyer at the market price at that time

    

3. A market maker provides ____ way quotes
   one
   two
   three
   four
   none of these
   Option B
   A market maker or liquidity provider is a company or an individual that quotes both a buy and a sell price in a financial instrument or commodity held in inventory, hoping to make a profit on the bid-offer spread, or turn.

    

4. The place where cheques are cleared is known as?
   Cheque Place
   Clearing House
   CCIL
   NSCCL
   Current Place
   Option B
   Clearing House

    

5. What does VIX Index measures?
   Price of share
   Volume of share
   Volatility of share
   Cost of share
   All of these
   Option C
   India VIX is the pet name for the India Volatility Index, an index disseminated by the NSE. It measures the degree of volatility or fluctuation that active traders expect in the Nifty50 over the next 30 days. It is in news after results of elections in India.

    

6. In India, VIX Index is computed by?
   RBI
   SEBI
   BSE
   NSE
   FBIL
   Option D
   In India, value of Vix has been computed by the NSE since November 2007 based on the out-of-the-money (OTM) option prices of the Nifty

    

7. WHo sets the limit for WMA?
   Government of India
   State Governemnt
   RBI
   Either A or B
   All A, B and C
   Option C
   RBI sets the limit for Ways and Means Advances.

    

8. UIIC was nationalised in which year?
   1985
   1972
   1991
   1969
   1980
   Option B
   1972

    

9. What is the name of Satellite offices of Life Insurance Corporation of India (LIC)?
   SAMPARK
   SAMARPAN
   SWARG
   SHATABDI
   SAMADHAN
   Option A
   With a vision of providing easy access to its policyholders, LIC has launched its SATELLITE SAMPARK offices. The satellite offices are smaller, leaner and closer to the customer. The digitalized records of the satellite offices will facilitate anywhere servicing and many other conveniences in the future.

    

10. Who is the Chairman and MD of ECGC Ltd.
    Alamelu T. Lakshmanachari
    Geetha Muralidhar
    K Sanath Kumar
    A V Girija Kumar
    A K Verma
    Option B
    Geetha Muralidhar