Insurance and Financial Market Awareness Quiz for LIC AAO – Set 20

Insurance and Financial Market Awareness Quiz for LIC AAO – Set 20 

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. ___________ is a process by which a company raises money by selling off its receivables?
   Write-off
   Conversion
   Securitization
   Collateralization
   Credit Enhancement
   Option C
   Securitization

    

2. Which of the following is the first urban local body to raise funds through municipal bonds?
   Trichy Municipal Corporation
   Patna Municipal Corporation
   Lucknow Municipal Corporation
   Ahmedabad Municipal Corporation
   Surat Municipal Corporation
   Option D
   Ahmedabad Municipal Corporation

    

3. SRIJAN Scheme is monitored by?
   SEBI
   SIDBI
   RBI
   PFRDA
   IRDA
   Option B
   SIDBI in collaboration with TIFAC has initiated the TIFAC – SIDBI Technology Innovation Fund or SRIJAN scheme.

    

4. SRIJAN Scheme aims to provide financial assistance to?
   Banks
   PSUs
   MSME
   Rural development
   Agriculture
   Option C
   MSME

    

5. Recievables Exchange of India Limited (RXIL) is a joint venture between _________ and __________
   SIDBI and BSE
   RBI and BSE
   SEBI and RBI
   SEBI and BSE
   SIDBI and NSE
   Option E
   SIDBI and NSE

    

6. If you want to take a loan, which of the following bank you cannot visit?
   Private Bank
   Small Finance Bank
   Payments Bank
   Public Sector Bank
   You can get loan from all these banks
   Option C
   The payments bank cannot undertake lending activities.

    

7. What is the maximum denomination for which RBI can print bank note?
   Rs 2,000
   Rs 5,000
   Rs 10,000
   Rs 20,000
   No Limit
   Option C
   As per RBI Acts, RBI can issue bank not with value not exceeding ten thousand rupees. (Section 24 of RBI Act).

    

8. Walking Inflation is also known as________
   Hyper Inflation
   Trotting Inflation
   Sporadic Inflation
   Synchronous Inflation
   Suppressed Inflation
   Option B
   Trotting Inflation

    

9. NCB is a type of reward by insurer to the policyholder for not making a claim in the preceding years. Expand NCB
   Net Credit Benefit
   Non Convertible Bond
   No Claim Bonus
   New Cost Buffer
   Net Cost Bonus
   Option C
   No Claim Bonus

    

10. ___ is the period within which, if you do not agree to the terms and conditions of the insurance policy you can seek refund?
    Free Look Period
    Cancellation Period
    Neutral Period
    Down Time Period
    Overlook Period
    Option A
    Free Look Period is the period within which, if you do not agree to the terms and conditions of the policy after reading the same, you can return the policy immediately and seek refund of premium from the insurance company. Normally, all life insurance policies and health insurance policies having a term of three years or more have a provision for free look period.