GK Insurance quiz

1.Bad loans in banking terminology are generally known as

Prime Loans Prime Asset BPOs NPAs

2.Currency notes issued by RBI are fully covered by

Approved assets Gold Foreign exchange All of these

3.Authority to prescribe retention period of records of banks vests with

IBA RBI GOI SEBI

4.Ceiling for settlement through Lok Adalats is

Rs. 10 lakh Rs. 15 lakh Rs. 20 lakh Rs. 25 lakh

5.If a bank wants to introduce a new deposit scheme, the same is now approved by

RBI IBA respective Bank's Board Both A and B