MCQOPTIONS
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MCQOPTIONS
This section includes 18 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Commerce (B Com) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFASIA) came into effect on............. |
| A. | jan 2002 |
| B. | june 2002 |
| C. | may 2000 |
| D. | april 2001 |
| Answer» C. may 2000 | |
| 2. |
The first Indian public sector bank which introduced its own merchant bank division in India |
| A. | canara bank |
| B. | pnb |
| C. | sbi |
| D. | syndicate bank |
| Answer» D. syndicate bank | |
| 3. |
A central bank is an institution charged with responsibility of regulating supply and cost of money in the interest of general public . This definition was made by; |
| A. | h l hart |
| B. | keynes |
| C. | john paget |
| D. | dudley johnson |
| Answer» E. | |
| 4. |
Industrial banks are also called .......... as they subscribing the securities issued by the industrial concerns. |
| A. | share banks |
| B. | loan banks |
| C. | development banks |
| D. | investment bank |
| Answer» E. | |
| 5. |
.......... Ratio refers to that portion of total deposits of commercial bank which it has to keep with central bank in the form of cash reserve. |
| A. | slr |
| B. | crr |
| C. | plr |
| D. | repo |
| Answer» C. plr | |
| 6. |
Transfer of rights and remedies of the insured to the insurer after indemnity has been effected is called |
| A. | insurable interest |
| B. | subrogation |
| C. | proximate cause |
| D. | mitigation of loss |
| Answer» C. proximate cause | |
| 7. |
Certain percentage of the sum assured is paid periodically according to.......... policy |
| A. | term |
| B. | endowment |
| C. | money back |
| D. | group insurance |
| Answer» D. group insurance | |
| 8. |
This policy covers all risks to the ship and its cargo while the ship is at a particular port. |
| A. | voyage policy |
| B. | floating policy |
| C. | time policy |
| D. | port risk policy |
| Answer» E. | |
| 9. |
............ policy matures on the assureds death or on his attainment of particular age whichever is earlier |
| A. | endowment policy |
| B. | money back policy |
| C. | joint life policy |
| D. | single premium policy |
| Answer» B. money back policy | |
| 10. |
......... is an agreement whereby the insurer agrees to indemnify the insured against losses due to sea and port perils |
| A. | fire insurance |
| B. | marine insurance |
| C. | life insurance |
| D. | all the above |
| Answer» C. life insurance | |
| 11. |
A person employed to act for another or to represent another while dealing with third party is |
| A. | principal |
| B. | trustee |
| C. | agent |
| D. | servant |
| Answer» D. servant | |
| 12. |
Imperial bank of India was established by amalgamation of .......... presidency banks |
| A. | 3 |
| B. | 5 |
| C. | 7 |
| D. | 10 |
| Answer» B. 5 | |
| 13. |
A banker need not bother too much to open an account in the name of a person when receiving......... |
| A. | term deposit |
| B. | demand deposit |
| C. | saving deposit |
| D. | call deposit |
| Answer» B. demand deposit | |
| 14. |
When the same risk and subject matter is insured with more than one insurer is called............ |
| A. | insurance of insurance |
| B. | retrocession |
| C. | double insurance |
| D. | none of these |
| Answer» D. none of these | |
| 15. |
............... is the amount which the insurer is prepared to pay before the date of maturity of policy. |
| A. | paid up value |
| B. | surrender value |
| C. | both a & b |
| D. | none of the above |
| Answer» C. both a & b | |
| 16. |
When the amount for which a subject matter is insured more than its actual value, it is called............... |
| A. | over insurance |
| B. | reinsurance |
| C. | double insurance |
| D. | extra insurance |
| Answer» B. reinsurance | |
| 17. |
Maximum number of withdrawals permitted per half year weather by cheque or otherwise in saving bank account |
| A. | 100 |
| B. | 200 |
| C. | 50 |
| D. | no limit |
| Answer» D. no limit | |
| 18. |
............ policy in which the limits of the risks are determined by place of particular voyage |
| A. | valued |
| B. | time |
| C. | voyage |
| D. | unvalued |
| Answer» D. unvalued | |