Top 50+ Solved India Regulatory Authorities MCQ Questions Answer
Q. …………. means selling of insurance policies and products through bankingfirms
a. Assurance
b. bancassurance
c. insurance
d. policy
Q. The General Insurance Corporation of India was formed in the year …….
a. 1973
b. 1948
c. 1956
d. 1984
Q. Which risk may result in loss or gain ?
a. particular risk
b. pure risk
c. speculative risk
d. fundamental risk
Q. ………. Risk are arises due to changes in the economic policies of thegovernment.
a. speculative risk
b. particular risk
c. dynamic risk
d. financial risk
Q. Risk which arises if there is no change in the economic policies of thegovernment is
a. dynamic risk
b. static risk
c. particular risk
d. financial risk
Q. Writing off the policy before its actual maturity is known as ----
a. Nomination
b. Foreclosure
c. Surrender
d. None of these
Q. -------Insurance covers many persons under one contract
a. Public insurance
b. Group insurance
c. Personal accident insurance
d. None of these
Q. ------ is the rate at which the central bank rediscounts the bills of commercialbanks
a. Bank Rate Policy
b. Central bank rate
c. Credit rate
d. None of these
Q. ------- is the deliberate attempt by the central bank to influence the volume ofcredit available in the country.
a. OMO
b. SLR
c. BRP
d. None of these
Q. ----- is the deliberate attempt by the RBI to influence the volume of availablein the country.
a. Bank Rate Policy.
b. Open Market Operations
c. Qualitative credit control.
d. All
Q. -----------------------insurance is a cash value policy that provides life timeprotection by paying a lump sum death benefits.
a. Endowment insurance
b. Term insurance
c. Whole life insurance
d. Life insurance
Q. ----------------- insurance policy pay the assured sum on maturity of the policyor on the death of the insured whichever is ealier
a. Endowment insurance
b. Term insurance
c. Whole life insurance
d. Life insurance
Q. When the life insurance corporation of India was formed?
a. August 1 1956
b. November 1 1956
c. September 1 1956
d. January 1 1956