Insurance and Financial Market Awareness Quiz for LIC AAO – Set 6

Insurance and Financial Market Awareness Quiz for LIC AAO – Set 6 

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. 

• Click on the Start button to start the Quiz timer. 
• Attempt all the questions.
• Click on Submit button. You will get your marks

Time Limit: 5 Minutes

 

1. Who introduced the concept of anchor investor?
   PFRDA
   RBI
   SEBI
   SBI
   MoF
   Option C
   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. _____ is the issuance of shares to investors by a company that is already listed on a stock market exchange.
   IPO
   FPO
   LPO
   SPO
   ZPO
   Option B
   An FPO is a stock issue of additional shares made by a company that is already publicly listed and has gone through the IPO process.

    

3. ________ is a bank certificate issued in more than one country for shares in a foreign company.
   IPO
   FPO
   GDR
   IDR
   LCR
   Option C
   A global depository receipt (GDR and sometimes spelled depositary) is a general name for a depository receipt where a certificate issued by a depository bank, which purchases shares of foreign companies, creates a security on a local exchange backed by those shares

    

4. NSE Comprises of how many shares/scripts?
   25
   30
   40
   50
   60
   Option D
   BSE – 30 NSE-50

    

5. Which debt instrument does not have a maturity date?
   Municipal Bonds
   CDO
   Inverse Float Bonds
   Perpetual Bonds
   All of these
   Option D
   A perpetual bond is a fixed income security with no maturity date. One major drawback to these types of bonds is that they are not redeemable.

    

6. ________ allows MSMEs to post their receivables on the system and get them financed quickly.
   SMILE
   TUFS
   IL&FS
   MITRA
   TReDS
   Option E
   The scheme for setting up and operating the institutional mechanism for facilitating the financing of trade receivables of MSMEs from corporate and other buyers, including Government Departments and Public Sector Undertakings (PSUs), through multiple financiers is known as Trade Receivables Discounting System (TReDS).

    

7. The World Bank has set the goals to end extreme poverty and promote shared prosperity by which year?
   2025
   2028
   2030
   2035
   2050
   Option C
   

    

8. What is the full form of REER with respect to exchange rate?
   Return exclusive exchange rate
   Real effective exchange rate
   Random external exchange rate
   Raw economic exchange rate
   Remittance effective exchange rate
   Option B
   The real effective exchange rate (REER) is the weighted average of a country’scurrency in relation to an index or basket of other major currencies. The weights are determined by comparing the relative trade balance of a country’s currency against each country within the index

    

9. The first ever life insurance industry in India was set up in which city?
   Calcutta
   Madras
   Delhi
   Mumbai
   Pune
   Option A
   Calcutta

    

10. What is the authorized capital of the ECGC Limited?
    Rs 1000 crores
    Rs 2000 crores
    Rs 3000 crores
    Rs 4000 crores
    Rs 5000 crores
    Option E
    The present paid-up capital of the company is Rs. 1200 crores and authorized capital Rs.5000 crores