Insurance and Financial Market Awareness Quiz for LIC AAO – Set 22

Insurance and Financial Market Awareness Quiz for LIC AAO – Set 22 

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. Which of the following term indicates injection of liquidity in the financial system?
    Reverse Repo
    Repo
    OMO
    Refinance
    Bids
    Option B
    Repo is a mechanism through which RBI lends money to the banks against government securities (by repurchasing government securities from banks) to inject liquidity in the economy.

     

  2. Which of the following is the primary objective of Monetary Policy Framework (MPFA) as per the agreement signed between RBI and GoI?
    GDP growth
    Price Reduction
    Quality Control
    Price Stability
    Liquidity control
    Option D
    The Govt of India and the RBI signed an agreement on the Monetary Policy Framework (MPFA) on Feb 20, 2015 with price stability as the primary objective.

     

  3. Monetary Policy Framework (MPFA) aims (after 2016) to achieve price stability at ____.
    6 (+/-2) %
    4 (+/-1) %
    4 (+/-2) %
    6 (+/-1) %
    5 (+/-1) %
    Option C
    4 (+/-2) %

     

  4. A _____ is the difference between the loan amount and the actual value of the asset used as collateral.
    loss
    liquidity
    corridor
    neutrality
    haircut
    Option E
    A haircut is the difference between the loan amount and the actual value of the asset used as collateral. It reflects the lender’s perception of the risk of fall in the value of assets. But in the context of loan recoveries, it is the difference between the actual dues from a borrower and the amount he settles with the bank.

     

  5. Book Building is basically an auction of _______.
    Commercial Papers
    COD
    T-Bills
    Shares
    Third Party Products
    Option D
    Book Building is basically a process used in Initial Public Offer (IPO) for efficient price discovery. It is a mechanism where, during the period for which the IPO is open, bids are collected from investors at various prices, which are above or equal to the floor price.

     

  6. The price of a good for immediate delivery in futures market is known as?
    Forward
    Futures
    Spot
    Lag
    Present
    Option C
    Spot

     

  7. Which of the following is not a rating agency?
    Brickworks
    SMERA
    CARE
    ICRA
    All are rating agencies
    Option E

     

  8. The housing loan limit under the priority sector is decided by__________
    IRDAI
    SEBI
    GoI
    RBI
    PFRDA
    Option D

     

  9. The type of agent that represents only one company and sells only its policies is known as__________
    Sole agent
    Single agenct
    Personal Agent
    Captive Agent
    Plus Agent
    Option D

     

  10. ___________is a fixed amount for a covered service, paid by a patient to the provider of service before receiving the service
    Deductible
    Claim
    Copay
    Surrender Value
    None of these
    Option C
    A copayment or copay is a fixed amount for a covered service, paid by a patient to the provider of service before receiving the service

     


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