100 Most Important Banking Awareness Questions by Kashmir Student
Questions mostly asked in IBPS Banking Exams like JKBank Probationary Officer & Banking Associate Exams
Part 2
50). A summary of an applicant's credit history for insurance, loans, credit, etc., made by an independent organization that has investigated the applicants credit standing is called
- Credit Report
51). In insurance, the amount of benefit an insurance policy will pay in the absence of loans against the policy is called as
- Face Amount
Explanation: Face Amount - In insurance, the amount of benefit an insurance policy will pay in the absence of loans against the policy. Also known as the principal sum, or benefit amount.
52). Insurance that provides coverage for a group of persons, usually employees of a company, under one master contract is called
- Group Insurance
53). A person or company that underwrites an insurance risk; the party in an insurance contract undertaking to pay compensation is called
- Insurer
Explanation: Insurer - Party that provides insurance coverage, typically through a contract of insurance
54). Whole life insurance for which the entire premium is paid in one sum at the beginning of the contract period is called
- Single-Premium Whole Life Insurance
55). In insurance, Process of assigning people to different risk classes is called
- Underwriting
Explanation: Underwriting - Process of assigning people to different risk classes. Insurance companies use underwriting to determine whether, and on what basis, an insurance policy will be issued.
56). In BAP, “A” stands for
- Auto
Explanation: BAP - Business Auto Policy
57). In BOP, “B” stands for
-Business
Explanation: BOP - Business Owners Policy
58). In EAP, “E” stands for
- Estimated
Explanation: EAP - Estimated Annual Premium
59). In EPL, “L” stands for
-Liability
Explanation: EPL - Employment Practices Liability
DOWNLOAD HERE | GENERAL SCIENCE for COMPETITIVE EXAMS BOOK STUDY MATERIAL60). In GAP, “P” stands for
- Protection
Explanation: GAP - Guaranteed Auto Protection
61). In GWP, “W” stands for
- Written
Explanation: GWP - Gross Written Premium
62). In HPR, “R” stands for
- Risk
Explanation: HPR - Highly Protected Risk
63). IN LTD, “D stands for
- Disability
Explanation: LTD - Long-Term Disability
64). In MET, “M” stands for
- Multiple
Explanation: MET - Multiple Employer Trust
65). In STD, “S” stands for
- Short
Explanation: STD - Short-Term Disability
66). FAP stands for
-Family Automobile Policy (FAP)
67). PIA stands for
- Primary Insurance Account (PIA)
68). FIRM stands for
- Flood Insurance Rate Map (FIRM)
69). UNL stands for
- Ultimate Net Loss (UNL)
70). YRT stands for
- Yearly Renewable Term (YRT)
71). Reserve Bank of India was established under the recommendations of
- Hilton Young Commission
Explanation:Reserve Bank of India was established under the recommendations of the “Hilton Young Commission” also known as “Royal Commission on Indian Currency and Finance”
72). Reserve Bank of India was established under the
- Reserve Bank of India Act of 1934
Explanation: Reserve Bank of India was established under the Reserve Bank of India Act of 1934 as the banker to the central government.
73). Reserve Bank of India launched its operations from
- 1935
Explanation: Reserve Bank of India launched its operations from April 1, 1935
74). Reserve Bank of India launched its operations from headquarters
-Kolkata
Explanation: Reserve Bank of India launched its operations from headquarters were in Kolkata in the beginning.
75). Reserve Bank of India head quarters was shifted to ShahidBhagat Singh Marg, Mumbai in
- 1937
76). Reserve Bank of India was nationalized on
- 1 April 1948
77). Reserve Bank of India acted as central banking institute for Mynmar till
- 1948
78). Reserve Bank of India acted as central banking institute for Pakistan till
- 1947
79). Who was the first Governor of Reserve Bank of India
- Osborne Smith
80). C. D. Deshmukh was the _______governor of Reserve Bank of India
- Third
Explanation: C. D. Deshmukh was the third Reserve Bank of India governor and the first Indian to hold the post.
81). The Reserve Bank”s affairs are governed by a central board of directors. The board is appointed by the Government of India for a period of
-4 year
82). Reserve Bank of India Board consists of a Governor, and not more than ___ Deputy Governors
- 4
83). Reserve Bank of India started with a Share Capital of _________ on 1935
- Rs. 5 Crore
84). Reserve Bank of India is an _________ body
- Autonomous
Explanation: Reserve Bank of India is an autonomous body and government of India allows to act autonomously
85). Reserve Bank of India Accounting year from
- July - June
Explanation: Reserve Bank of India Accounting year: July - June
86). What is the Central Bank of Turkey
- Central Bank of the Republic of Turkey
Explanation: Turkey - Central Bank of the Republic of Turkey; Head quarters - Ankara
87). What is the Central Bank of Singapore
- Monetary Authority of Singapore
Explanation:Singapore - Monetary Authority of Singapore; Head quarters -Singapore
88). What is the Central Bank of Trinidad and Tobago
- Central Bank of Trinidad and Tobago
Explanation:Trinidad and Tobago - Central Bank of Trinidad and Tobago; Headquarters – Port of Spain
89). What is the Central Bank of Spain
- Bank of Spain
Explanation:Spain – Bank of Spain; Headquarters - Madrid
90). What is the Central Bank of Uganda
- Bank of Uganda
Explanation: Uganda - Bank of Uganda; Head quarters - Kampala
91). What is the Central Bank of Sweden
- Sveriges Riksbank
Explanation: Sweden – Sveriges Riksbank; Head quarters - Stockholm
92). What is the Central Bank of Tajikistan
National Bank of the Republic of Tajikistan
Explanation: Tajikistan - National Bank of the Republic of Tajikistan; Head quarters -Dushanbe
93). What is the Central Bank of Romania
- National Bank of Romania
Explanation: Romania - National Bank of Romania; Head quarters - Romania
94). What is the Central Bank of Netherlands
-De Nederlandsche Bank
Explanation: Netherlands - De Nederlandsche Bank; Head quarters -Amsterdam
95). What is the Central Bank of Saudi Arabia
- Saudi Arabian Monetary Agency
Explanation: Saudi Arabia - Saudi Arabian Monetary Agency; Head quarters - Riyadh
96). What is the Central Bank of Peru
- Central Reserve Bank of Peru
Explanation: Peru - Central Reserve Bank of Peru; Head quarters - Lima
97). What is the Central Bank of Kazakhstan
- National Bank of Kazakhstan
Explanation: Kazakhstan - National Bank of Kazakhstan; Head quarters - Almaty
98). What is the Central Bank of Papua New Guinea
- Bank of Papua New Guinea
Explanation:Papua New Guinea - Bank of Papua New Guinea; Head quarters – Port Moresby
99). What is the Central Bank of Kyrgyzstan –
National Bank of the Kyrgyz Republic
Explanation: Kyrgyzstan - National Bank of the Kyrgyz Republic; Head quarters –Bishkek
100). What is the Central Bank ofCzech Republic - Czech National Bank
Explanation: Czech Republic - Czech National Bank; Head quarters -Czechia
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