Insurance Quiz

1.Certificates of Deposit may be issued by

Select all-India Financial Institutions that have been permitted by RBI to raise short-term resource

Local Area Banks (LABs) 

Scheduled commercial banks excluding Regional Rural Banks 

All of the above

2.The material difference between debentures and bonds is/are

Debentures are governed by relevant provisions of company law 

Debentures are transferrable on registration 

Bonds are negotiable instrument governed by law of Contract All of the above

3."Bridge Loan" Denotes

Interim finance by a bank pending disbursement of term loan by financial institutions 

Loan granted to Public Works Department for construction of bridge over big rivers 

a product aimed at financing construction companies for construction of bridge 

Loan granted for building of bridges which has been World Bank

4.Expand BIFR

Board for Industrial and Financial Reconstruction 

Bureau for Industrial and Financial Reconstruction 

Bureau for Industrial and Financial Reconstruction 

Bureau for Investment and Financial Reconstruction

5.In case of Life Insurance policies for whole -life, the insured amount is payable

After a specified period 

On the death of the policyholder 

On demand by the policy- holder

Upon maturity of the policy or death of the policyholder whichever happens earlier