BANKING AWARENESS QUIZ - 2

                              Banking/Insurance Awareness For AAO | Syndicate | Bank Exams


1. The working and operations of NBFCs are regulated by _______.
a) SEBI
b) RBI
c) Finance Ministry, GOI
d) IRDA
e) None of these
Ans: b)

2. Which of the following is a kind of non-banking financial institutions?
a) Equipment leasing company
b) Hire purchase company
c) Loan company
d) Investment company
e) All of the above
Ans: e)

3. Life Insurance in its modern form came to India from England in the year _______.
a) 1818
b) 1896
c) 1905
d) 1907
e) 1919
Ans: a)

4. In which year had the Insurance Regulatory and Development Authority come into force?
a) 1999
b) 2000
c) 2001
d) 1991
e) 1993
Ans: b)

5. By taking out Insurance cover an individual _______.
a) reduces the cost of an accident
b) reduces the risk of an accident
c) transfers the risk to someone else
d) converts the possibility of large loss to certainty of a small one
e) reduces the certainty of major loss
Ans: c)

6. Any financial intermediary whose principal business is that of buying and selling of securities is called _______.
a) Equipment leasing company
b) Hire purchase company
c) Loan company
d) Investment company
e) All of the above

Ans: d)

7. Which of following is an example of NBFCs?

a) Unit Trust of India

b) Life Insurance Corporation

c) General Insurance Corporation

d) All of the above

e) None of these

Ans: d)

8. A company which pools money from investors and invests in stocks, bonds, shares is called ________.

a) A bank

b) An insurance company

c) Bank assurance

d) Mutual fund

e) None of these

Ans: d)

9. Which was the first mutual fund started in India?

a) SBI Mutual Fund

b) Indian Bank Mutual Fund

c) Kotak Pioneer Mutual Fund

d) Unit Trust of India

e) None of these

Ans: d)

10. FIMMDA's general principles and procedures are applicable to ________.

a) Fixed income markets 

b) Money markets

c) Derivative markets

d) All of the above

e) None of these

Ans: d)