Mutual Fund and Insurance

Q. Which of the following is not true regarding insurance companies?

1. They do not provide security to wealth.
2. They can be private- or public-owned organisations.
3. They are non-financial banking institutions.
4. They provide security against losses.

Q. Where was the first insurance company established in India in 1818?

1. Bombay
2. Bengal
3. Calcutta
4. Madras

Q.

Why was the national association of insurance commissioner created?

Q.

Conventionally Insurance has been classified in to ________.

1. Life Insurance and Motor Insurance

2. Life Insurance and General Insurance

3. Life Insurance and Reinsurance

4. Life Insurance and Fire insurance

Q.

Private Sector Mutual Funds in India were permitted in.

1. 1964

2. 1993

3. 1994

4. 2001

Q.

What are the 3 principles of insurance?

Q.

What are the 4 types of insurance?

Q. Which of the following come under public sector mutual funds?

1. UTI
2. LIC
3. ICICI
4. SBI

Q. Identify mutual funds from the following list.

1. Axis MF
2. LIC MF
3. BMB
4. SBI MF
5. UTI
6. HDFC MF
7. NABARD
8. IFCI

Q. Uncle Chandrasekhar is planning to buy a car. However, he is running short of one-fourth of the total price of the car that he is planning to buy in a year. You observe a few companies witnessing a surge in their value. Choose the correct statement with regards to the situation.

Assertion (A): Advice him to invest his funds through a mutual fund on a growing company to reap a good return amount and buy a car in a year.

Reason (R): The mutual fund would reap profit with zero chance of facing a loss or no risk.

1. Both A and R are true, and R is the correct explanation of A.
2. Both A and R are true, but R is not the correct explanation of A.
3. A is true, but R is false.
4. A is false, but R is true.

Q. Which of the following is LIC related with?

1. Commercial bank
2. Cooperative
3. Insurance
4. Mutual fund

Q. Which of the following is not a private sector mutual fund?

1. HDFC
2. LIC
3. ICICI
4. Axis

Q. Aunt Archana buys Nitin and his cousins five candies each. Nitin proposes that they play a game in which they write their names on paper, shuffle, and pick a name. The chosen winner gets all the candies.

Which of the following systems of banking does the proposed game represent?

1. Self-help group
2. Cooperative banking
3. Chit fund
4. Mutual fund