General Insurance Quiz

1.SEBI guidelines have prescribed that giving Permanent Account Number ( PAN) is must for

All current A/c 

All Housing Loan A/c 

All saving Bank A/c 

All Demit A/c

2.While taking book debts as a security against banker's advances, an appropriate form of charge is

Mortgage Pledge Hypothecation Assignment

3.An account should be treated as ' out of Order' if

The outstanding balance remains continuously in excess of the sanctioned limit/drawing power 

There are no credits continuously for 90 days as on the date of Balance sheet even though the outstanding balance in 

Credit are not enough to cover the interest debited during the same period 

All of the above

4.As per the directives issued by RBI, a cash credit or overdraft account will be treated as Non-performing Asset

The account remains 'out of order' 

There are no credits in the account in the month in which interest is applied 

The debit balance in the account has exceeded the sanctioned limit during the reporting month 

Any of the above

5.Which of the following is correct regarding Capital Adequacy ratio?

The objective of Capital adequacy is to strengthen the financial stability of banks. 

Capital is divided into two tiers, tier-I and tier-II. 

Assets are assigned risk weight from 0-100 based on intensity of risk . All of the above