Insurance and Financial Market Awareness Quiz for LIC AAO – Set 2

Insurance and Financial Market Awareness Quiz for LIC AAO – Set 2 

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: 2 Minutes

 

1. Which of the following is the first stock exchange to launch an IPO?
   BSE
   NSE
   CSE
   ASE
   None of these
   Option A
   BSE

    

2. New Issues Market is also known as?
   Secondary Market
   Primary Market
   Tertiary Market
   Call Market
   None of these
   Option
   The primary market is a market for new issues and is also called the new issues market.

    

3. The direct sale of securities by a company to an individual or a small group of investors is known as ____.
   Bought Deal
   Rights Deal
   Private Placement
   Bonds
   None of these
   Option
   Private placement occurs when a company makes an offering of securities to an individual or a small group of investors.

    

4. Application Supported by Blocked Amount (ASBA) is developed by ?
   RBI
   IRDAI
   SEBI
   NHB
   Ministry of Finance
   Option
   ASBA (Applications Supported by Blocked Amount) is a process developed by the India’s Stock Market Regulator SEBI for applying to IPO.

    

5. What is the minimum paid-up capital of Local Area Banks?
   Rs 1 Crore
   Rs 2 Crore
   Rs 3 Crore
   Rs 4 Crore
   Rs 5 Crore
   Option
   Rs 5 Crore

    

6. The Overdraft limit under the PMJDY Scheme has been increased to Rs _____________.
   Rs 6,000
   Rs 8,000
   Rs 10,000
   Rs 15,000
   Rs 16,000
   Option C
   Rs 10,000

    

7. The headquarter of the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is located in which city?
   Kolkata
   Bengaluru
   Mumbai
   Chennai
   Delhi
   Option B
   Bengaluru

    

8. Uberrima fides, is the Latin name for which Principle of Insurance?
   Principle of Utmost good faith
   Principle of Contribution
   Principle of Proximate cause
   Principle of Indemnity
   All of these
   Option A
   

    

9. With respect to insurance industry, the amount of policies and contracts sold by each sales employee is called ________
   Productivity
   Durability
   Output
   Work Rate
   Feasibility
   Option A
   

    

10. In case the life insurance policy proceeds are taxable but does not increase Rs __________, then no TDS is deducted by the insurer
    Rs 1 lakh
    Rs 1.5 lakh
    Rs 2 lakh
    Rs 2.5 lakh
    Rs 2.25 lakh
    Option A
    Even if these proceeds are taxable as per section 10(10D) but do not exceed Rs 100,000, then also no TDS is to be deducted by the insurer when making the payment to the insured.