Banking Awareness MCQs Part 35

Banking Awareness MCQs Part  35 

1. Paisalo Digital Limited ,recently signed its co-origination loan agreement with the ______.
1) Bank of Maharashtra
2) Bank of Baroda
3) Central Bank of India
4) Allahabad Bank
5) None of these
correct option : 1

2. What is called for an insurance that is purchased by an insurance company, in which some part of its own insurance liabilities is passed on to another insurance company?
1) Co-insurance
2) Re-insurance
3) Trade credit insurance
4) Liability insurance
5) Renters insurance
correct option : 2

3. Which mobile manufacturer launched an offline digital lending platform with instant offers for their smartphones?
1) Samsung
2) Oppo
3) Motorola
4) Lenovo
5) Nokia
correct option : 1

4. Which bank recently launched its digital app in UK at an event hosted in coordination with the UK India Business Council?
1) Union bank
2) Syndicate bank
3) State bank of India
4) Canara bank
5) Indian Bank
correct option : 3

5. SBI life insurance signed agreement with which home finance company to offer its insurance products to home finance companies’ customers?
1) HDFC Housing Finance
2) Repco Home Finance
3) LIC Housing Finance
4) ICICI Home Finance
5) None of these
correct option : 2

6. Which is the insurance policy best suited for an individual who owns many restaurants at different locations to cover all his stores under one policy?
1) Liability policy
2) General policy
3) Trade credit policy
4) Blanket policy
5) Multi risk policy
correct option : 4

7. What is the net owned fund requirements for HFC in order to get registered with NHB?
1) Rs. 2 crore
2) Rs. 5 crore
3) Rs. 10 crore
4) Rs. 25 crore
5) Rs. 50 crore
correct option : 3

8. If RBI raises CRR (Cash Reserve Ratio) what impact will it have on economy?
1. Banks will have to increase interest rates on Loans.
2. Leads to the increase in cash flow in the economy.
3. Banks will have to give more funds to priority sector lending.
1) Only 2
2) Only 1
3) Both 1 & 3
4) Both 2 & 3
5) All 1, 2 & 3
correct option : 2

9. What is the maturity age of Whole life Insurance policy?
1) 50 years
2) 60 years
3) 75 years
4) 100 years
5) None of these


10. Preauthorization is needed in which type of insurance?
1) Motor Insurance
2) Travel Insurance
3) Home Insurance
4) Health Insurance
5) Fire Insurance