Insurance and Financial Market Awareness Quiz for LIC AAO – Set 3

Insurance and Financial Market Awareness Quiz for LIC AAO – Set 3 

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 bank serves as a bank for central banks of the world.
   World Bank
   IBRD
   BIS
   IMF
   ADB
   Option
   Bank for International Settlements

    

2. Basel III norms are based on how many pillars?
   2
   3
   4
   5
   6
   Option B
   3 pillars are Minimum Capital Requirement, Supervisory review Process and Market Discipline.

    

3. As per Basel III norms, banks in India are required to maintain Capital to CRAR ratio of what percent?
   8%
   8.5%
   9%
   9.5%
   10%
   Option C
   9%

    

4. ________ provides both long term and short term refinance support to RRBs
   RBI
   SEBI
   NABARD
   NHB
   SBI
   Option C
   NABARD

    

5. Who regulates NBFC in India?
   RBI
   Ministry of Finance
   SEBI
   SRO
   ELA
   Option A
   RBI regulates NBFCs in India

    

6. Which of the following is India’s first mutual fund organisation?
   Reserve Bank of India
   National Securities Depository Limited
   Securities and Exchange Board of India
   Axis Bank
   Unit Trust of India
   Option
   The first company that dealt in mutual funds was the Unit Trust of India. It was set up in 1963 as a joint venture of the Reserve Bank of India and the Government of India.

    

7. What is the minimum maturity period prescribed for the Commercial Paper?
   30 days
   60 days
   92 days
   14 days
   7 days
   Option E
   CP can be issued for maturities between a minimum of 7 days and a maximum of up to one year from the date of issue.However,the maturity date of the CP should not go beyond the date up to which the credit rating of the issuer is valid.

    

8. Which of the following is used to denote “Narrow Money”?
   M1
   M2
   M3
   M4
   M1+M2
   Option A
   Narrow money is a category of money supply that includes all physical money such as coins and currency, demand deposits and other liquid assets held by the central bank.

    

9. If the policyholder, who has bought a policy, does not want it then he can return it and get a refund during the period called____________
   Lock – in- period
   Free – look – period
   Trail period
   Evaluation period
   Free period
   Option B
   Free – look – period

    

10. Which among the following provides insurance cover to exporters?
    GIC
    IRDAI
    LIC
    ECGC
    RBI
    Option D
    ECGC