Insurance and Financial Market Awareness Quiz for LIC AAO – Set 4

Insurance and Financial Market Awareness Quiz for LIC AAO – Set 4 

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. In which year was Unit Trust of India (UTI) established?
   1993
   1983
   1973
   1963
   1953
   Option D
   Unit Trust of India (UTI) was established in 1963 by an Act of Parliament. It was set up by the Reserve Bank of India and functioned under the Regulatory and administrative control of the Reserve Bank of India.

    

2. The amount which the shareholders will collectively get if any mutual fund is dissolved or liquidated is known as?
   Expense Ratio
   Exit Amount
   Net Asset Value
   AUM
   Entry Amount
   Option C
   Net Asset Value of a fund is the market value of the asset minus the liability on the day of valuation.

    

3. A mutual fund in India is constituted in the form of a public trust under the ______
   Indian Trust Act 1880
   Indian Trust Act 1882
   Indian Trust Act 1892
   Indian Trust Act 1992
   Indian Trust Act 1999
   Option B
   Indian Trust Act 1882

    

4. Which of the following is India’s first Asset Reconstruction Company?
   ASREC
   Pegasus Assets Reconstruction Private Limited
   Invent Assets Securitisation & Reconstruction Private Limited
   UV Asset Reconstruction Company Limited
   Arcil
   Option E
   Asset Reconstruction Company (India) Ltd. (Arcil), India’s first and largest asset reconstruction company

    

5. There are how many subcategory under the Special Mention Account (SMA)?
   2
   3
   4
   5
   6
   Option B
   3: SMA-0; SMA-1 and SMA 2

    

6. Which committee suggested the re-opening up of the insurance sector to the private players?
   R.N Malhotra Committee
   A.P Sinha Committee
   S.K Dwivedi Committee
   S.N Malhotra Committee
   C.P Sinha Committee
   Option A
   R.N Malhotra Committee

    

7. The blockchain based global payment network ‘World Wire’ has been developed by which company?
   IBM
   Microsoft
   Accenture
   Wipro
   Facebook
   Option A
   IBM

    

8. Who regulates Infrastructure Investment Trust (InvITs)?
   RBI
   NSE
   SEBI
   PFRDA
   IRDA
   Option C
   The InvITs are regulated by the SEBI (Infrastructure Investment Trusts) Regulations, 2014.

    

9. Which of the given insurance covers are compulsory by law in India?
   Motor Vehicle Insurance
   Life Insurance
   House Insurance
   Marine Insurance
   All of these
   Option A
   

    

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