Modern Banking And Insurance Set 4

Bachelor of Arts in Economics (BA Economics)

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This set of Modern Banking and Insurance Multiple Choice Questions & Answers (MCQs) focuses on Modern Banking And Insurance Set 4

Q1 | General insurance business Act was passed in
  • 1972
  • 1856
  • 1850
  • 1948.
Answer: 1972
Q2 | Indian fire insurance was started in the year
  • 1805
  • 1810
  • 1825
  • 1850.
Answer: 1825
Q3 | In India , fire insurance was started at -----------------
  • madras
  • kolkata
  • cochin
  • mumbai.
Answer: madras
Q4 | General insurance business act was came in to force from the year
  • 1973 `
  • 1970
  • 1972
  • 1980.
Answer: 1973 `
Q5 | Find odd one; On the basis of risk insurance can be
  • personal
  • property
  • social insurance
  • guarantee
Answer: social insurance
Q6 | Burglary insurance firstly developed at-------------------
  • u.k
  • u.s
  • japan
  • france.
Answer: u.k
Q7 | Burglary insurance firstly developed in ------------------
  • 1887
  • 1857
  • 1882
  • 1779.
Answer: 1887
Q8 | General insurance were nationalised in the year
  • 1972
  • 1872
  • 1782
  • 1852.
Answer: 1972
Q9 | When an insurer transfers a part of risks on particular policy by insuring it with someothers. Then it is called---------------
  • insurance
  • association
  • re –insurance
  • mutual companies.
Answer: re –insurance
Q10 | IRDA was passed in the year
  • 1990
  • 1992
  • 1995
  • 1999.
Answer: 1999.
Q11 | IRDA permitted co-operative insurance organisation in the year
  • 2000
  • 2002
  • 2004
  • 2005.
Answer: 2005.
Q12 | The institution which promote international trade
  • sfc
  • icici
  • idbi
  • exim bank.
Answer: exim bank.
Q13 | Those banking have large scale operations and geographical spreading of risks
  • mixed banking
  • unit banking
  • branch banking
  • chain banking.
Answer: branch banking
Q14 | The number of banks nationalised in 1969
  • 10
  • 14
  • 16
  • 20.
Answer: 14
Q15 | Unit banking is referred to as
  • local banking
  • branch banking
  • mixed banking
  • central bank.
Answer: local banking
Q16 | The number of banks nationalised in 1980
  • 10
  • 14
  • 6
  • 20.
Answer: 6
Q17 | The institution which promote agriculture and rural development
  • nabard
  • rrb
  • sidbi
  • ifci.
Answer: nabard
Q18 | Imperial bank was nationalised in the year
  • 1950
  • 1955
  • 1956
  • 1958.
Answer: 1955
Q19 | The rate at which Central Bank grant loans to the commercial banks againstthe security is :
  • repo rate
  • reverse repo
  • bank rate
  • discounting bills.
Answer: bank rate
Q20 | The national housing bank was established in the year
  • 1980
  • 1982
  • 1988
  • 1990.
Answer: 1988
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