MCQs of Insurance Law
1. There is a bank which is the sponsor of Prathama Gramin Bank?
A. Indian Bank
B. Bank of Baroda
C. Syndicate Bank
D. Punjab National Bank
Answer: C
2. Which bank is not a public sector bank in India?
A. Federal Bank
B. Andhra Bank
C. Vijaya Bank
D. IDBI Bank
Answer: A
3. What is the open form of the term?
A. Asset Liability Manipulation
B. Asset Liability Maximisation
C. Asset Liability Maintenance
D. Asset Liability Management
Answer: D
4. Which sector is not a part of India’s Money Market?
A. Indian Gold Council
B. Call Money Market
C. Bill Markets
D. Banks
Answer: A
5. Which one does not belong to regulatory bodies in India?
A. IRDA
B. FMC
C. SEBI
D. PFRDA
Answer: C
6. The letter ‘S’ denotes in the term IFSC?
A. Source
B. System
C. State
D. Subscriber
Answer: B
7. In India, Commercial Banks are categorized into?
A. Foreign Banks
B. Private Sector Banks
C. Public Sector Banks
D. All of the above
Answer: D
8. Which one is raised in capital markets?
A. Medium-term loans
B. Short-term instruments
C. Funds through long-term securities
D. Long-term loans through Govt. securities
Answer: C
9. Which one was not nationalized in 1969?
A. Oriental Bank of Commerce
B. Punjab National Bank
C. Union Bank of India
D. Bank of Baroda
Answer: A
10. Which one is not attracted by TDS?
A. Reinvestment deposits (NRO SB)
B. Fixed deposits
C. Recurring deposits
D. NRO FDR
Answer: C
11. There is SLR and it is maintained as a percentage of?
A. Time and Demand liabilities
B. Net demand and time liabilities
C. Time liabilities
D. Demand liabilities
Answer: B
12. There are CRR funds and the funds are kept by the banks in?
A. Balance with other banks
B. Cash in hand at branches
C. Funds in the currency chest
D. Balance in a special account with RBI
Answer: D
