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This set of Indian Financial System Multiple Choice Questions & Answers (MCQs) focuses on Indian Financial System Set 10

Q1 | “D vs. P” system for government securities market means
  • delivery and payment settlement
  • dividend and principal settlement
  • dollar and pound settlement
  • delaying and postponement
Q2 | Non banking financial institutions (NBFIs) are registered under
  • rbi act
  • banking regulation act
  • companies act
  • sebi act
Q3 | According to IFRS, the term financial asset includes
  • cash or cash equivalent
  • equity shares
  • contractual right to receive cash
  • all the above
Q4 | Which of the following is /are example of primary or direct financial instrument
  • fixed deposit receipt
  • insurance policies
  • mutual fund unit
  • debentures
Q5 | Which of the following is /are example of Secondary or indirect financial instrument
  • equity shares
  • preference shares
  • post office saving deposit
  • bonds
Q6 | A Non Banking Financial Institution
  • can accept demand deposit
  • can issue cheques to customers
  • cannot accept fixed deposit
  • cannot accept demand deposit and cannot issue cheques
Q7 | Kerala State Financial Enterprises ltd (KSFE) is an example of
  • banking institution
  • investment institution
  • nbfi
  • state level development banks
Q8 | UTI, LIC etc are examples of
  • banking institution
  • investment institution
  • nbfi
  • development banks
Q9 | SFC is an example of
  • banking institution
  • investment institution
  • nbfi
  • development institution
Q10 | Which of the following is /are not regulatory institutions
  • rbi
  • sebi
  • irda
  • ifci
Q11 | Which of the following is not a negotiable instrument?
  • adr
  • gdr
  • fdr
  • idr
Q12 | ‘Follow on Public Offer’ is also known as
  • further public offer
  • seasoned public offer
  • subsequent public offer
  • all of these
Q13 | “Uberrimae Fidei” means
  • indemnity
  • insurable interest
  • good faith
  • mitigation of loss
Q14 | ........... is the oldest insurance
  • fire insurance
  • life insurance
  • marine insurance
  • social insurance
Q15 | In ---------------- , insurable interest is enough at the time of loss
  • fire insurance
  • life insurance
  • burglary insurance
  • marine insurance
Q16 | In life insurance, instalment policy is also known as
  • annuity policy
  • endowment policy
  • whole life policy
  • lump sum policy
Q17 | In insurance, “Causa Proxima” means
  • utmost good faith
  • contribution
  • prevent the causes of loss
  • closely connected perils
Q18 | _______ is a financial service which pooling risks of people
  • mutual fund
  • venture capital
  • insurance
  • all of these
Q19 | In India Insurance business are regulated by
  • irbi
  • rbi
  • irda
  • irdp
Q20 | Except life insurance maximum term of other insurance is_______
  • 12 months
  • 6 months
  • 24 months
  • 36 months
Q21 | Central office of Life Insurance Corporation of India is located at
  • new delhi
  • kolkata
  • mumbai
  • bangalore
Q22 | There are........ associated companies of GIC
  • 3
  • 4
  • 6
  • 5
Q23 | “Native Stock and Share Brokers Association” is the old name of............
  • sebi
  • nse
  • bse
  • nasdaq
Q24 | General insurance business nationalised in the year----------
  • 1956
  • 1972
  • 1969
  • 1982
Q25 | Principle of Indemnity does not apply to----------
  • fire insurance
  • marine insurance
  • life insurance
  • none of these