GK question

1. National Agricultural Insurance Scheme replace Comprehensive Crop Insurance Scheme was introduced in the year–
(A) 1997 (B) 1998 (C) 1999 (D) 2000 (Ans : c)

2. Earlier it was thought safe to allow each financial institution to carry out only one type of finance service. But now Banks are selling shares, Insurance companies can sell banking services. These new financial conglomerates are colloquially referred to as–
(A) Multinationals (B) Financial Supermarkets (C) Market Regulators (D) Brand Promoters (Ans : b)

3. Insurance service provided by various banks is commonly known as–
(A) Investment Banking (B) Portfolio Management (C) Merchant Banking (D) Bancassurance (Ans : d)

4. Which one of the following institution is related to export financing and insurance?
(A) ECGC (B) GAIL (C) CBDT (D) IDBI (Ans : a)

5. ECGC is related to–
(A) Export promotion (B) Export financing and insurance (C) Export quality certification (D) Export statistics publication (Ans : b)


18. According to the recently passed Insurance Laws (Amendment) Bill 2015 , FDI in Insurance Sector is–
(A) 74% (B) 26% (C) 49% (D) 51% (Ans : C)

19. Which first bank in India to fully own an insurance business ?
(A) HDFC Bank (B) Kotak Mahindra Bank (C) ICICI Bank (D) IDBI Bank (Ans : B)

20. As per the Insurance Act, every insurer has to prepare at the end of financial year
(A) Balance Sheet (B) Profit and Loss Account

(C) Revenue Account for each class of Insurance business (D) All of the above (Ans: D)