Q. ------ is the rate at which the central bank rediscounts the bills of commercial banks
✅ Correct Answer: (A)
Bank Rate Policy
Banking and Finance MCQs and Notes
Q. -------Insurance covers many persons under one contract
✅ Correct Answer: (B)
Group insurance
Q. Writing off the policy before its actual maturity is known as ----
✅ Correct Answer: (B)
Foreclosure
Q. Risk which arises if there is no change in the economic policies of the government is
✅ Correct Answer: (B)
static risk
Q. ………. Risk are arises due to changes in the economic policies of the government.
✅ Correct Answer: (C)
dynamic risk
Q. Which risk may result in loss or gain ?
✅ Correct Answer: (C)
speculative risk
Q. General Insurance Corporation of India Act was formed in ----
✅ Correct Answer: (C)
1972
Q. The General Insurance Corporation of India was formed in the year …….
✅ Correct Answer: (A)
1973
Q. Life Insurance Corporation of India was formed in the year …….
✅ Correct Answer: (C)
1956
Q. …………. means selling of insurance policies and products through banking firms
✅ Correct Answer: (B)
bancassurance