Insurance and Financial Market Awareness Quiz for LIC AAO – Set 9

Insurance and Financial Market Awareness Quiz for LIC AAO – Set 9 

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. What is the minimum amount for which T-bills can be subscribed?
   Rs 10,000
   Rs 25,000
   Rs 50,000
   Rs 1 lakh
   Rs 5 lakh
   Option B
   Minimum amount of Rs 25,000

    

2. CBLO was launched by?
   RBI
   NPCI
   SEBI
   NSE and BSE
   CCIL
   Option E
   Clearing House Corp of India (CCIL) launched Collateralized Borrowing and Lending Obligation (CBLO)

    

3. MCLR is used for the computation of?
   Repo Rate
   Reverse Repo Rate
   Base Rate
   SLR
   All of these
   Option C
   Base Rate

    

4. ________ is a type of repo contract where a third entity acts as an intermediary between the two parties to the repo to facilitate services like collateral selection, payment and settlement, custody and management during the life of the transaction.
   Ternary Repo
   Tertiary Repo
   Third Repo
   Partial Repo
   Tri-party Repo
   Option E
   Tri-party repo is a type of repo contract where a third entity (apart from the borrower and lender), called a Tri-Party Agent, acts as an intermediary between the two parties to the repo to facilitate services like collateral selection, payment and settlement, custody and management during the life of the transaction.

    

5. The process by which an underwriter attempts to determine the price at which an initial public offering (IPO) will be offered is known as?
   Book binding
   Public buidling
   Book building
   Public binding
   Offer Building
   Option C
   Book building is the process by which an underwriter attempts to determine the price at which an initial public offering (IPO) will be offered.

    

6. Which of the following is not a type of Financial Derivatives?
   Options
   Warrants
   Swaps
   Swapations
   All are Derivatives
   Option E
   

    

7. What is the dimension of the new Rs 20 denomination currency note to be issued by RBI?
   63 mm x 132 mm
   63 mm x 130 mm
   63 mm x 129 mm
   63 mm x 138 mm
   63 mm x 122 mm
   Option C
   The Reserve Bank of India will soon issue new Rs 20 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Shri Shaktikanta Das. Motif of Ellora Caves on the reverse Base colour of the note is Greenish Yellow.Dimension of the banknote will be 63 mm x 129 mm

    

8. Which of these is India’s oldest Joint Stock bank in India?
   State Bank of India
   Allahabad Bank
   Punjab National Bank
   Syndicate Bank
   OBC
   Option B
   The Allahabad Bank, established in 1865 and still functioning today, is the oldest Joint Stock bank in India

    

9. ________ is the transfer of all rights and remedies with respect to the subject matter of insurance from insured to insurer
   Pooling
   Diversification
   Subrogation
   Contribution
   Offer
   Option C
   Subrogation

    

10. The process of appointment of a person to receive the death claim is termed as______
    Registration
    Nomination
    Assignment
    Election
    Any of these
    Option B
    Nomination