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Banking and Insurance MCQs: 395 Questions & Answers in Faculty

395 Banking and Insurance MCQs in Faculty with answers & explanations. Page 3. Practice objective questions for competitive exams, interviews & self-assessme… Use the answer toggle below to show or hide all solutions, tap an option to check one question, or open a question for its own page.

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Banking and Insurance MCQs: 395 Questions & Answers in Faculty

Insurance works on the principle of

Life Insurance Corporation of India headquarter is in

The General Insurance Business Nationalization Act was passed in

Risk may be:

Life insurance made its first appearance in England in the

___________is the oldest form of insurance

Insurance principle does not include

The principle functions of an insurance contract are

Commercial Banks make money available to public by

Commercial Bank as the name suggest is a bank functioning for

What is bank rate?

One of the main aim of a Central Bank is to control inflation, what does „inflation‟ mean?

The head of the Reserve Bank of India is called

A Central Bank is the sole authority for

Bank draft is issued by

Payment of cheque can be stopped by

Which bank has given the instructions to the commercial banks regarding the immediate credit of outstation cheque?

The RBI commenced its operation from 1st April

___________are the banks whose main objectives is to provide financial assistance to economically weaker sections of the society.

_________is an instrument which is used for transfer of funds

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