Insurance and Financial Market Awareness Quiz for LIC AAO – Set 19

Insurance and Financial Market Awareness Quiz for LIC AAO – Set 19 

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. The banks where RBI stores the currency for circulation are known as?
   Currency House
   Money House
   Currency Chest
   Money Chest
   Clearing House
   Option C
   

    

2. Investors of mutual funds are known as ____.
   Brokers
   Poolers
   Balance holders
   Unit holders
   Sector holders
   Option D
   Unit holders

    

3. Who brought out the “Bankers’ Fair Practise Code”?
   RBI
   SBI
   GoI
   IBA
   None of these
   Option D
   IBA

    

4. A _______ is the right of a banker to retain possession of the goods and securities owned by the debtor until the debt due from the latter is paid.
   Garnishee
   Set-Off
   Write-Off
   Lien
   Debt
   Option D
   A lien serves to guarantee an underlying obligation, such as the repayment of a loan. If the underlying obligation is not satisfied, the creditor may be able to seize the asset that is the subject of the lien.

    

5. IDRBT was established by?
   SEBI
   PFRDA
   IRDA
   RBI
   GOI
   Option D
   RBI

    

6. Which is India’s first listed stock exchange?
   NSE
   BSE
   Madras Stock Exchange
   Calcutta Stock Exchange
   Cochin Stock Exchange
   Option B
   BSE

    

7. The Rural Infrastructure Development Fund (RIDF) is maintained by ____________
   SEBI
   NABARD
   SIDBI
   RBI
   Ministry of Finance
   Option B
   NABARD

    

8. What is the minimum capital requirement for corporates to set up a bank as per RBI?
   Rs 100 crore
   Rs 200 crore
   Rs 300 crore
   Rs 400 crore
   Rs 500 crore
   Option E
   

    

9. When a complaint is settled through mediation by the Insurance Ombudsman, then the insurer should comply with the terms of the recommendation within ___ days
   10
   15
   30
   45
   60
   Option B
   The Ombudsman shall send to the insurer, a copy of its recommendation, along with the acceptance letter received from the complainant and the insurer shall, thereupon, comply with the terms of the recommendation immediately but not later than fifteen days of the receipt of such recommendation, and inform the Ombudsman of its compliance.

    

10. _____________ is the restoration of a lapsed policy to in-force status
    Reinstatement
    Indemnity
    Force
    Franchise
    Deferment
    Option A
    Reinstatement