Insurance and Financial Market Awareness Quiz for LIC AAO – Set 5

Insurance and Financial Market Awareness Quiz for LIC AAO – Set 5 

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. _______ are institutional investors who are offered shares in an IPO a day before the offer opens.
   Pre Investor
   Anchor investors
   Promotional Investors
   Higher Investors
   Benefit Investors
   Option B
   Anchor investors are institutional investors who are offered shares in an IPO a day before the offer opens. SEBI introduced the concept of anchor investors in IPOs in 2009.

    

2. Fresh issue of security for the first time to the public is known as?
   SPO
   FPO
   LPO
   IPO
   None of these
   Option D
   Initial public offering

    

3. Foreign Companies are allowed to access the Indian Capital Market by issuing __________
   IPO
   SDR
   IDR
   DCA
   All of these
   Option C
   A foreign company can access Indian securities market for raising funds through issue of Indian Depository Receipts (IDRs).

    

4. BSE Comprises of how many shares/scripts?
   25
   20
   50
   30
   55
   Option D
   BSE – 30 NSE-50

    

5. A __________ is a zero coupon bond whose maturity is very high.
   Floating Rate Bond
   ZIB
   Deep Discount Bond
   ARD
   RUFF
   Option C
   Deep Discount Bond

    

6. SFMC was launched by _________
   SEBI
   RBI
   SIDBI
   NABARD
   PFRDA
   Option C
   SIDBI Foundation for Micro Credit (SFMC) was launched by the Bank in January 1999 for channelising funds to the poor in line with the success of pilot phase of Micro Credit Scheme.

    

7. What does E stands for in EMV chip cards?
   Electronic
   Europay
   Enhanced
   European
   Economic
   Option B
   EMV is an acronym for Europay Mastercard and Visa

    

8. The concept of Special Economic Zone (SEZ) was introduced by which country?
   Russia
   China
   Japan
   Germany
   India
   Option B
   SEZs were introduced to India in 2000, following the already successful SEZ model used in China.

    

9. The insurance is listed in which schedule to the Constitution of India?
   5
   6
   7
   8
   9
   Option C
   Insurance is a subject listed in the concurrent list in the Seventh Schedule to the Constitution of India where both center and states can legislate.

    

10. Which country is the first in the world to introduce the concept of Insurance Repository services?
    China
    Japan
    India
    Australia
    America
    Option C
    On 16 September 2013, IRDA launched “insurance repository” services in India. It is a unique concept and first to be introduced in India.