Important Banking Awareness Quizzes (Topic Wise) Day-205

Dear Readers, Here we have provided the Important Banking Awareness Quizzes based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming IBPS/SBI Exams 2018 can make use of it.

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1. In NFIP, “N” stands for _______________

a) National

b) Natural

c) Nominal

d) Nonprofit

e) None of these

2. In SIRP, “P” stands for _______________

a) Program

b) Power

c) Policy

d) Price

e) None of these

3. In CISR, “C” stands for ___________

a) Compound

b) Certified

c) Competition

d) Cabinet

e) None of these

4. In LIRB, “B” stands for ______________

a) Board

b) Bureau

c) Block

d) Bills

e) None of these

5. In EAP, “E” stands for ___________

a) Equated

b) Export

c) External

d) Estimated

e) None of these

6. In EPL, “L” stands for _____________

a) Liability

b) Level

c) Loan

d) Local

e) None of these

7. In, GIO, “G” stands for _______________

a) Gross

b) Government

c) Guaranteed

d) General

e) None of these

8. In FCRA, “R” stands for ______________

a) Returning

b) Risk

c) Replacement

d) Research

e) None of these

9. In GWP, “P” stands for _____________

a) Payment

b) Policy

c) Price

d) Premium

e) None of these

10. In ULIP, “U” stands for ______________

a) Urban

b) Uniform

c) Utility

d) Unified

e) None of these

11. TDI stands for _____________

a) Trade Demand Insurance

b) Trade Disruption Insurance

c) Tax Disruption Insurance

d) Total Disruption Insurance

e) None of these

12. TERI stands for _________________

a) Targeted Enterprise Return Insurance

b) Taxable Enterprise Risk Insurance

c) Targeted Enterprise Risk Insurance

d) Trade Enterprise Risk Insurance

e) None of these

13. RBC stands for _______________

a) Return Based Capital

b) Revenue Based Capital

c) Research Based Capital

d) Risk Based Capital

e) None of these

14. UCI stands for _____________________

a) United Compensation Insurance

b) Universal Compensation Insurance

c) Uniformed Compensation Insurance

d) Unearned Compensation Insurance

e) None of these

15. OCA stands for ________________

a) Outstanding Claims Account

b) Outstanding Capital Account

c) Outstanding Certified Account

d) Outstanding Consumer Account

e) None of these

Answers:

1. NFIP – National Flood Insurance Program

N – National

Correct Answer is: a)

2. SIRP – Self Insured Reimbursement Policy

P – Policy

Correct Answer is: c)

3. CISR – Certified Insurance Service Representative

C – Certified

Correct Answer is: b)

4. LIRB – Liability Insurance Research Bureau

B – Bureau

Correct Answer is: b)

5. EAP – Estimated Annual Premium

E – Estimated

Correct Answer is: d)

6. EPL – Employment Practices Liability

L – Liability

Correct Answer is: a)

7. GIO – Guaranteed Insurability Option

G – Guaranteed

Correct Answer is: c)

8. FCRA – Fair Credit Reporting Act

R – Reporting

Correct Answer is: e)

9. GWP – Gross Written Premium

P – Premium

Correct Answer is: d)

10. ULIP- Unit Link Insurance Plan

U – Unit

Correct Answer is: e)

11. TDI – Trade Disruption Insurance

Correct Answer is: b)

12. TERI -Targeted Enterprise Risk Insurance

Correct Answer is: c)

13. RBC – Risk-Based Capital

Correct Answer is: d)

14. UCI – Unemployment Compensation Insurance

Correct Answer is: e)

15. OCA – Outstanding Claims Account

Correct Answer is: a)

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