List of Insurance and Financial Awareness Questions for Upcoming OICL/UIIC Exams Set-7

    List of Insurance and Financial Awareness Questions for Upcoming OICL/UIIC Exams Set-7
    List of Insurance and Financial Awareness Questions for Upcoming OICL/UIIC Exams Set-7:
    The list of Important Questions from Insurance and Financial Awareness for Upcoming Insurance Exams was given here; candidates those are preparing for this examination can use these questions.

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    1). What is the main functions of banking department of Reserve Bank of India?
    a)   To issue the currency in circulation and its withdrawal from circulation
    b)   To provide liquidity to the economy and absorb liquidity
    c)   To do banking business with customers
    d)   None of these


    2). Which among the following is correct regarding “Progressive Tax”?
    a)   Getting burden of tax passed on to general customers
    b)   Rate of tax increased for increased value or volume
    c)   Surcharge levied on taxes for development works
    d)   None of these


    3).Which among the following coined the term “Second generation Reforms”?
    a)   World Bank
    b)   International Monetary Fund
    c)   Reserve Bank of India
    d)   None of these


    4).Which among the following is world’s largest foreign exchange market?
    a)   Tokyo
    b)   London
    c)   New York
    d)   Beijing


    5).What is REPO rate________
    a)   It is a rate at which RBI allows small loans in the market
    b)   It is rate at which bank borrows from RBI
    c)   It is a rate at which RBI sells Govt. securities to banks
    d)   None of these


    6).Which of the following cannot be called as a debt instrument as referred in financial transactions?
    a)   Commercial Papers
    b)   Bonds
    c)   Stocks
    d)   Certificate of Deposits


    7).Whenever RBI does some open market operation transaction; actually it wishes to regulate which of the following?
    a)   Flow of foreign direct investment
    b)   Liquidity in economy
    c)   Inflation Only
    d)   Borrowing power of the bank


    8).What is call money?
    a)   Money borrowed or lent for a day or over night
    b)   Money borrowed for more than one day but up to 14 days
    c)   Money borrowed for more than one day but up to 3 days
    d)   None of these


    9).Which of the following is not considered as a money market instruction?
    a)   Repurchase agreements
    b)   Commercial Paper
    c)   Treasury bills
    d)   Shares and Bonds


    10).While discussing investments, there is a mention of short term government security. What is this investment?
    a)   Share
    b)   Debenture
    c)   Treasury bill
    d)   Mutual Fund

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