Banking & Insurance G.K.

1. Which of the following public sector banks has the largest number of branches in foreign countries?

  1. Bank of India
  2. Bank of Baroda
  3. Punjab National Bank
  4. Corporation Bank

2. Which of the following types of companies/organisations issue ULIP?

  1. Insurance companies
  2. Banks
  3. NABARD
  4. RBI

3. The only merger of two public sector banks took place between -

  1. Bank of India and New Bank of India
  2. Punjab National Bank and New Bank of India
  3. Allahabad Bank and United Bank of India
  4. Punjab National Bank and Bank of Rajasthan

4. Which amongst the following is not an insurance company functioning in India?

  1. ICICI prudential
  2. ING Vysya
  3. National Securities Depository Limited
  4. New India Assurance company

5. Which of the following is the only public sector company in the field of life insurance?

  1. General insurance company
  2. New India assurance company
  3. Oriental insurance company
  4. Life Insurance Corporation of India

6. Which of the following banks was inaugurated by Mahatma Gandhi in 1919?

  1. Bank of Maharashtra
  2. Bank of Baroda
  3. State Bank of Saurashtra
  4. Union Bank of India

7. "A contract that pledges payment of an agreed upon amount to the person (or his/her nominee) on the happening of an event covered against" is technically known as

  1. Death coverage
  2. Life insurance
  3. Savings for future
  4. Provident fund

8. With which of the following did the State Bank of India enter into a joint venture agreement for undertaking general insurance business?

  1. New India Assurance Ltd.
  2. Insurance Australia Group
  3. Lehman Brothers Holdings Inc.
  4. Allianz

9. After State Bank of India, which of the following banks has the largest number of offices?

  1. Punjab National Bank
  2. Bank of India
  3. Andhra Bank
  4. Canara Bank

10. Which of the following is the regulator of insurance sector in India?

  1. RBI
  2. AMFI
  3. IRDA
  4. SEBI

11. Which of the following terms is NOT related to the insurance sector?

  1. Indemnity
  2. Coverage
  3. Misuse Alert
  4. Annuity

12. Which of the following public sector companies/organizations provides insurance cover to exporters?

  1. ECGC
  2. NABARD
  3. SIDBI
  4. IRDA

13. Which of the following terms is used in the field of finance and banking?

  1. Elasticity
  2. Inflation
  3. Pulse rate
  4. Hot waves

14. Which of the following rates are reviewed by the RBI at the time of periodical review of the policy?

  1. Bank rate
  2. Repo rate
  3. Savings bank rate
  1. Only 1
  2. Only 2
  3. Both 1 and 2
  4. All the three

15. Expand the term IFRS.

  1. Indian Financial Reporting Standards
  2. Indian Financial Reporting Systems
  3. International Financial Reporting Standards
  4. International Financial Reporting Systems

16. What are teaser loan rates charged by banks?

  1. Rate of interest which is competitively changed in relation to other banks
  2. Floating rate of interest charged by banks
  3. Low rate of interest in the initial period which goes up subsequently
  4. Higher rate of interest in the initial period which goes down subsequently

17. What does the term FSDC, used in financial sectors stand for?

  1. Financial Security and Development Council
  2. Financial Stability and Development Council
  3. Fiscal Security and Development Convention
  4. Fiscal Stability and Development Council

18. The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?

  1. Instalment
  2. Contribution
  3. Premium
  4. EMI

19. Which of the following is/are the various types of insurance?

  1. Life insurance
  2. Health insurance
  3. Liability insurance
  1. Only (a)
  2. Only (a) and (b)
  3. Only (b) and (c)
  4. All the three

20. Under the ESOP, who of the following are offered shares in the company?

  1. Employees
  2. Existing Shareholders
  3. Promoters
  4. NRIs

21. Which of the following terms is used in banking field?

  1. Interest rate swap
  2. Input devices
  3. Sedimentary
  4. Zero Hour

22. On which one of the following issues can SEBI penalize any company in India?

  1. Violation of Banking Regulation Act
  2. Violation of foreign portfolio investment guidelines
  3. For violation of Negotiable Instrument Act
  1. Only 1
  2. Only 2
  3. Only 3
  4. All the three

23. Expand the term EMI as used in banking/finance sector?

  1. Easy Monthly Instalment
  2. Equal Monthly Investment
  3. Equated Monthly Instalment
  4. Equated Mortgage Investment

24. Expand the term CCEA as used in administrative circles

  1. Cabinet Committee on External Affairs
  2. Cabinet Committee on Economic Affairs
  3. Cabinet Council on External Affairs
  4. Cabinet Council on Economic Affairs

25. Expand the term LIBOR as used in financial banking sectors?

  1. Local Indian Bank Offered Rate
  2. London-India Bureau Of Regulations
  3. Liberal International Bank Official Ratio
  4. London Inter Bank Offered Rate

26. Which of the following is the apex institution which handles refinance for agriculture and rural development in India?

  1. RBI
  2. SIDBI
  3. NABARD
  4. SEBI

27. Foreign exchange reserves of India are kept in the custody of which of the following?

  1. Reserve bank of India
  2. All public sector banks
  3. Foreign banks in India
  4. Government treasury

28. Fiscal policy is concerned with which of the following?

  1. Export and import
  2. Public revenue and expenditure
  3. Issue of currency
  4. Population control

29. Which of the following is NOT a part of India’s money market?

  1. Bill market
  2. Call money market
  3. Banks
  4. Indian Gold council

30. Which of the following is the regulator of the credit rating agencies in India?

  1. RBI
  2. SBI
  3. SEBI
  4. ICRA

31. Bank rate is decided by which of the following?

  1. Reserve Bank of India
  2. Government Of India
  3. State Bank of India
  4. Securities and Exchange Board of India

32. FDI refers to

  1. Fixed Deposits in India
  2. Foreign Direct Investment
  3. Foreign Deposits in India
  4. Future Derivative Investment

33. State financial Corporations give assistance mainly to develop which of the following?

  1. Small and medium scale industries
  2. Agricultural sector
  3. Cotton industry
  4. Large scale industries

34. With which of following types of loans are teaser rates related?

  1. Home loans
  2. Personal loans
  3. Auto loans
  4. Reverse mortgage loans

35. What does M in M-Banking Facility being offered by banks to their customers, stand for?

  1. Money
  2. Marginal
  3. Message
  4. Mobile Phone

36. Which of the following is/are true about the Sub-Prime Crisis?

  1. It is a mortgage crisis referring to credit default by the borrowers.
  2. Sub-Prime borrowers were those borrowers who were rated low and were high risk borrowers.
  3. This crisis originated because of negligence in credit rating of the borrowers.
  1. Only 1
  2. Only 2
  3. Only 3
  4. All 1, 2, and 3

37. Which of the following insurance companies gives the slogan Prithvi, Agni, Jal, Akash - Sab ki Surakhsa Hamare Paas?

  1. Life Insurance Corporation
  2. Oriental Insurance Company
  3. New India Assurance
  4. General Insurance Company

38. With which of the fields is actuarial science associated?

  1. Insurance
  2. Banking
  3. Micro-finance
  4. Space technology

39. Match the following mergers of banks

List IList II
A. Centurion Bank of Punjab1. ICICI Bank
B. Bank of Rajasthan2. Punjab National Bank
C. Global Trust Bank3. HDFC Bank
D. Nedungadi Bank4. Oriental Bank of Commerce
  1. A - 4; B - 1; C - 2; D - 3
  2. A - 3; B - 4; C - 1; D - 2
  3. A - 2; B - 1; C - 4; D - 3
  4. A - 3; B - 1; C - 4; D - 2

40. At which of the following cities is the Head Office of Reserve Bank of India located?

  1. Mumbai
  2. New Delhi
  3. Kolkata
  4. Dehradun

41. In which denomination were India's first bimetallic coins issued in the year 2009?

  1. Rs. 100
  2. Rs. 5
  3. Rs. 10
  4. Re. 1