Insurance and Financial Market Awareness Quiz for LIC AAO – Set 21

Insurance and Financial Market Awareness Quiz for LIC AAO – Set 21 

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. What is the maximum number of persons that can be appointed in the central board of RBI?
   19
   20
   21
   22
   23
   Option C
   21

    

2. The Rs 1 currency note bears the signature of?
   Governor of RBI
   President of India
   Finance Minister
   Finance Secretary
   Prime Minister of India
   Option D
   Finance Secretary

    

3. What is the maximum loan under MUDRA Yojana?
   Rs 5 lakh
   Rs 15 lakh
   Rs 10 lakh
   Rs 20 lakh
   Rs 50 lakh
   Option C
   Rs 10 lakh

    

4. Which of the following is not a part of Payment and Settlement System?
   NPCI
   RBI
   NBFC
   Small Finance Banks
   Payments Bank
   Option C
   NBFC

    

5. Which of the following is a tool for banks to NPA recovery?
   Stock Exchange
   SARFAESI
   DEMAT
   CRISIL
   CARE
   Option B
   The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (also known as the SARFAESI Act) is an Indian law. It allows banks and other financial institution to auction residential or commercial properties(of Defaulter) to recover loans.

    

6. Financing of environmental Project is termed as____
   Generic Banking
   Offshore Banking
   Green Banking
   Ecological Banking
   Traders Banking
   Option C
   Green Banking

    

7. Which of the following is not a method of fund transfer?
   IMPS
   NEFT
   RTGS
   UPI
   NPCI
   Option E
   

    

8. Bond-i is world’s first public bond created and managed using only blockchain. It has been launched by___________
   IMF
   World Bank
   ADB
   OECD
   WTO
   Option B
   

    

9. LIC’s Executive Board consists of how many Managing Directors?
   3
   4
   5
   6
   8
   Option B
   The LIC’s executive board comprises of one Chairman, currently M.R. Kumar, and four Managing Directors, V. Venugopal, Hemant Bhargava, Vipin Anand and TC Suseel Kumar

    

10. How many Zonal office of LIC is operational in India?
    4
    5
    6
    7
    8
    Option E
    8