Q. Situations when the insurance company passes some part of or all risks to another -
1) Reinsurance
2) Double-insurance
3) Co-insurance
4) Void-insurance
Q. An act by which the policy holders authorizes another person to receive the policy money is known as -
1) Nomination
2) Assignment
3) Negotiation
4) Hypothecation
Q. A general or life insurance policy with a sum assured of Rs. Fifty Thousand or less is known as a -
1) Micro Insurance policy
2) Plain Insurance policy
3) Standard Insurance policy
4) Basic Insurance policy
Q. Which of the following is a mode of creating charge on immovable property?
1) Mortgage
2) Nomination
3) Assignment
4) Hypothecation
Q. The amount to be paid for a contract of insurance to the insurance company, that is the sum that a person pays monthly, quarterly or annually according to their plan, in return of the coverage he/ she has taken from the insurance company is known as -
1) Certain Loss
2) Uncertain Loss
3) Claim amount
4) Premium
Q. A Global Depository Receipt (GDR) is also known as -
1) Commercial Depository Receipt (CDR)
2) Inter Continental Depository Receipt (ICDR)
3) International Depository Receipt (IDR)
4) Domestic Depository Receipt (DDR)
Q. Which Indian State has been declared as the first 'Digital State' of India?
1) Goa
2) Maharashtra
3) Kerala
4) Karnataka
Q. Which of the following bank has launched Banking Robot Laximi?
1) The City union Bank
2) HDFC Bank
3) AXIS Bank
4) Yes Bank
Q. Which of the following established the first payment Bank in India ?
1) PayTm
2) Bharti Airtel
3) Tecg Mahindra Ltd.
4) Postal Department
Q. Huable is a -
1) Line of Credit
2) Emoji depicting bill payment
3) Form of paying Uber in japan
4) Holographic debit card
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