Banking And Financial Institutions - Practice Test

[#161] Which of the following statement/s is/are correct about Unit Trust of India (UTI)?

(A) UTI was established in 1963 by an Act of Parliament. It was set up by the RBI and functioned under its Regulatory and Administrative control unit

(B) The first scheme launched by UTI was Unit Scheme 1964

(C) In 1978, UTI was de-linked from the RBI and IDBI took over the regulatory and administrative control in place of RBI

(D) All of the above

Correct Answer

(D) All of the above

[#162] An alternative approach to the check list is:

(A) Threat Analysis

(B) Event Analysis

(C) Operability Study

(D) Minimum Level Analysis

Correct Answer

(A) Threat Analysis

[#163] Which of the following differences between a share and a debenture? 1. While share capital is the credit into the company, debenture is an ownership capital 2. While dividend is paid on shares, interest is paid on debentures

(A) 1 only

(B) 2 only

(C) Both 1 and 2

(D) Neither 1 nor 2

Correct Answer

(B) 2 only

[#164] As per the news published in various newspapers, life insurance policies may become paperless in the near future. This means

(A) LIC will not insure any person hereafter as it has already reached its peak

(B) all policy related documents and policy certificates will henceforth be available in electronic form and not in their present physical form

(C) LIC henceforth will not entertain any claim or complaint in written form or on paper. Things should be in electronic condition

(D) None of the above

Correct Answer

(B) all policy related documents and policy certificates will henceforth be available in electronic form and not in their present physical form

[#165] Match the items of List-I with List-II List-I List-II a. RBI Nationalization 1. 1964 b. Imperial Bank Nationalization 2. 1949 c. Nationalization of 14 Commercial Banks 3. 1955 d. Establishment of IDBI 4. 1969

(A) a-3, b-1, c-2, d-4

(B) a-2, b-1, c-4, d-3

(C) a-3, b-4, c-2, d-1

(D) a-2, b-3, c-4, d-1

Correct Answer

(D) a-2, b-3, c-4, d-1

Banking And Financial Institutions - Study Mode

[#161] Which of the following statement/s is/are correct about Unit Trust of India (UTI)?

Correct Answer

[#162] An alternative approach to the check list is:

Correct Answer

[#163] Which of the following differences between a share and a debenture? 1. While share capital is the credit into the company, debenture is an ownership capital 2. While dividend is paid on shares, interest is paid on debentures

Correct Answer

[#164] As per the news published in various newspapers, life insurance policies may become paperless in the near future. This means

Correct Answer

[#165] Match the items of List-I with List-II List-I List-II a. RBI Nationalization 1. 1964 b. Imperial Bank Nationalization 2. 1949 c. Nationalization of 14 Commercial Banks 3. 1955 d. Establishment of IDBI 4. 1969

Correct Answer