GK Insurance quiz

1.What do we mean by Green Shoe Option?

It is the shoe which is green in colour 

It is type of carbon credit rights that the nation has to purchase to get the right to emit carbon 

It gives the underwriter the right to sell investors more shares than originally planned 

The global warming of the earth

2."Micro Credits" are loans

granted to distressed persons (other than farmers) to pre-pay their debt to non- institutional lenders against appropriate collateral provided by banks 

not exceeding Rs.50,000 per borrower provided by banks 

both A and B

none of the above

3.Who was the Finance Minister when 14 Banks were nationalised on 19th July, 1969?

Mrs. Indira Gandhi 
Morarji Desai 
C. Subramaniam 
Pranab Mukherjee

4.Counter guarantee means a guarantee obtained by

banks from customers on whose behalf the banks have to issue guarantees in favour of third parties, such as Government department, Public bodies, Corporations etc, 
banks from ECGC covering export risk
banks from the beneficiary of the guarantee in whose favour the guarantee is to be issued 
All of the above

5.By "Technical NPA", it means

a loan account becoming NPA for non-renewal 
a loan account becoming NPA for not obtaining stock statements 
non-recording the due after re-phasing/restructuring of a loan account
All of the above