Top 50+ Solved India Regulatory Authorities MCQ Questions Answer
Q. CRR refer s to …………..
a. Cash Reserve Ratio
b. Credit Reserve Ratio
c. Common Reserve Ratio
d. None of these
Q. SLR refers to …………..
a. Statutory Liquidity Ratio
b. Stability Liquidity Ratio
c. Safety Liquidity Ratio
d. None of these
Q. The person who seeks protection against a risk and to whom theinsurance policy is issued is known as ………….
a. Insurer
b. customer
c. insured
d. creditor
Q. IRDA stands for ……..
a. Insurance Regulatory and Development Authority
b. Industrial Development and development Authority
c. Insurance Restructuring and Development Authority
d. Insurance Refinancing and Development Authority
Q. In the case of life insurance HLV refers to………….
a. Home Legal Value
b. Human Life Value
c. Human Legal Value
d. House Length Value
Q. ………. of a life policy means transferring the rights of the insured in respect ofthe policy to another one
a. Nomination
b. Consideration
c. Assignment
d. Agreement
Q. Both assignment and nomination are possible in the case of …………insurance policies
a. life
b. fire
c. marine
d. vehicle
Q. …………….. is the price paid by the insured for the risk undertaken by theinsurer
a. Wages
b. premium
c. salary
d. compensation
Q. ……………….. schemes are intended to insure a group of individual together
a. Insurance
b. wages
c. salary
d. group insurance
Q. Reinstatement policy is related in the case of which policy
a. A Life insurance policy
b. Marine insurance policy
c. Fire insurance policy
d. Group insurance policy