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Banking Awareness Questions - Test 4

Instruction:

Total number of questions : 10.
Time alloted : 7 minutes.
Each question carry 1 mark, no negative marks.

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Click the 'Submit Test' button given in the bottom of this page to Submit your answers.
Test will be submitted automatically if the time expired.
Don't refresh the page.

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Banking Awareness Questions: Attempt another online test on Banking Awareness Questions. We are providing you quality material on various topics. Practice with our quality free study material for better preparation.

1-The working and operations of NBFCs are regulated by ?

A.SEBI
B.RBI
C.Finance Ministry
D.IRDA
E.None of these

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 these

3-In which year had the Insurance Regulatory and Development Authority come into forces?

A.1999
B.2000
C.2001
D.1991
E.1993

4-By taking out insurance cover an individual

A.Reduces the cost of an accident
B. Reduces the risk of an accident
C.Transfer 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

5-Which of the 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

6-A company which pools money from investors and invests in stock, bonds, shares is called ?

A.A bank
B.An insurance company
C.Bank assurance
D.Mutual Fund
E.None of these

7-Bank assurance is

A.an insurance scheme to insure bank deposits
B.an insurance scheme to insure bank advances
C.a composite financial serving offering both bank and insurance products
D.a bank deposits scheme exclusively for employees of insurance companies
E.None of these

8-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

9-The regulator of mutual fund in India is

A.FIMMDA
B.AMFI
C.RBI
D.SEBI
E.None of these

10-Life Insurance Corporation was established in the year ?

A.1945
B.1948
C.1952
D.1956
E.1969

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