Thursday, May 31, 2018

Point of Sale (PoS),TRA Brand Trust Report 2018,UPI solution

1.Which bank has received the Reserve Bank of India's approval to open two representative offices in London and Singapore, recently.
Yes Bank Kotak Mahindra Bank IDBI Bank Punjab National Bank

2.Which bank has allowed depositors to withdraw cash from its Point of Sale (PoS) devices?
Punjab National Bank Bank of India State Bank of India Bank of Baroda

3.Which one among the following was the most-trusted bank according to the TRA Brand Trust Report 2018?
Punjab National Bank State Bank of India HDFC Bank ICICI Bank

4.Which Bank announced that it has on-boarded over 250 corporates on its blockchain platform for domestic and international trade finance?
Axis Bank HDFC Bank ICICI Bank SBI

5.Recently, Which bank launched new products like pre-approved credit card and UPI solution to mark its 124th foundation day?
State Bank of India Punjab National Bank Canara Bank Corporation Bank

Wednesday, May 30, 2018

Paytm Payments Bank,National E-Governance Services Limited,Banco Award

1.Paytm Payments Bank claims that it now has over ________ KYC-registered wallets.
50 million 20 million 15 million 100 million

2.Which bank has won the Banco Award for best performing cooperative bank?
Andhra Pradesh State Co-operative Bank Ltd The Bihar State Co-operative Bank Ltd Chhatisgarh Rajya Sahakari Bank Bhuj Mercantile Cooperative Bank

3.Reserve Bank of India (RBI) has placed which bank under directions, owing to which, its customers will not be allowed to withdraw more than Rs. 1000 per deposit account?
Indian Bank YES Bank City Co-operative Bank Dena Bank

4. This bank ties up with Zoho to offer solutions to enhance corporate banking experience.
OCBC Bank Standard Chartered Bank HSBC Bank UOB Bank

5.Which bank has has signed an agreement for information utility services with the National E-Governance Services Limited?
IDBI Bank Dhanalakshmi Bank Bank of Baroda Indian Overseas Bank

Tuesday, May 29, 2018

Livelihood and Water Security programme,interactive humanoid

1.Livelihood and Water Security programme a building project with farmers in Haryana and Rajasthan was launched by this project recently.
SBI Bank HDFC Bank Axis Bank YES Bank

2.Which bank appointed Radhakrishnan Nair as an additional (independent) director for its office?
Canara Bank Yes Bank ICICI Bank KVB Bank

3.On 1 May 2018, the RBI permitted Foreign Portfolio Investments to invest in which of the following?
Treasury Bills Government Bonds Mutual Funds Cryptocurrencies

4.This Bank launched humanoid IRA 2.0 in Bengaluru recently.
SBI Bank ICICI Bank HDFC Bank Axis Bank

5.This bank has launched IRA 2.0, the second version of its interactive humanoid at the Koramangala branch in Bengaluru, Karnataka.
HDFC Bank Axis Bank ICICI Bank Canara Bank

Monday, May 28, 2018

Reserve Bank of India (RBI)

1.Which company acquired Bhushan Steel Ltd recently?
Jindal Steel ITC Reliance Industries Tata Steel

2.Reserve Bank of India (RBI) has placed additional restrictions on __________ under prompt corrective action (PCA) since January 2018.
Bank of Baroda Punjab National Bank Dena Bank Allahabad Bank

3.An online pharmacy Netmeds has appointed whom as its brand ambassador recently?
Sourav Ganguly Ravichandran Ashwin Shah Rukh Khan MS Dhoni

4.Which bank Launches Agenda 25x25 recently?
Yes Bank Canara Bank State Bank of India Axis Bank

5.RBI restricts this bank from taking fresh credit exposure and Hiring recently.
IDBI Bank Punjab National Bank Dena Bank Bank of Baroda

Sunday, May 27, 2018

Banking - Latest Current Affairs

1.Which bank has signed agreement with CDSL Commodity Repository (CCRL)?
ICICI Bank Axis Bank Punjab National Bank Bank Of Baroda

2.This bank plans to open most of its operational activities at a shared service centre (SSC) at the GIFT City.
Bank of Maharashtra Yes Bank Punjab National Bank Bank of Baroda

3.This bank slapped with a penalty of Rs. 50 million for non-compliance with the directions issued by RBI.
South India Bank Punjab National Bank Bank of Baroda Bank of Maharashtra

4.Which is the first Indian exchange to receive a recognition certificate from the United States Securities and Exchange Commission (SEC)?
Ahmedabad Stock Exchange Madras Stock Exchange Bombay Stock Exchange National Stock Exchange

5.Which bank plans to sell 8.26 % stake in Universal Sompo General Insurance to Dabur Investment Corporation and Sompo Japan?
KVB Bank Canara Bank Karnataka Bank Dhanalakshmi Bank

Thursday, May 24, 2018

Banking Awareness General Knowledge Questions

1.In context of banking, what does ‘BBB’ stands for__?
Bank Broadcast Bureau Bank Beneficial Bureau Bank Blogger Bureau Bank Board Bureau

2.Ameenah Gurib-Fakim has been designated as first woman president of which country?
France Mauritius Philippines New Zealand

3.The production of latex in rubber trees is closely related to which of the following?
Atmospheric pressure Rainfall Atmospheric temperature Soil moisture content

4.Which one of the following pairs is not correctly matched?
Volkswagen – Germany Nissan – Japan Hyundai – North Korea Chevrolet- America

5.Who is the chairman of the Panel on Net neutrality that submitted its report recently?
A K Bhargava Rajiv Prasad A R Shukla Ravi Karthik

Wednesday, May 23, 2018

Banking and Insurance Quiz

1.Which Insurance policy gives holder the benefits of both Insurance and Investment?
Term Insurance Policies Money-back Policies Unit-linked Investment Policies Pension Policies

2.Which among the following is the correct full form of ESIC?
Employee’s State Insurance Corporation Employer’s State Insurance Corporation External State Insurance Corporation Exact State Insurance Corporation

3.Under ESIC, Employer contribution rate and Employee contribution rate respectively is –
4.75% & 1.75% 1.75 % & 4.75% 12% & 12% none

4.The process of identifying and classifying the degree of risk represented by a proposed insured. As per insurance sector, what does the term stands for?
Underwriting Collateralized Mortgage Obligation Actuary Annuity

5.A person who identifies, examines and classifies the degree of risk represented by a proposed insured in order to determine whether or not coverage should be provided and, if so, at what rate. In terms of insurance, what does a person stands for?
Underwriter Merchant Banker Forex dealers Registrars

Tuesday, May 22, 2018

Banking Awareness Questions

1.What are the main functions performed by the IRDA?
Protect the rights of policy holders Adjudication on insurance related matters Promoting insurance business All of these

2.If an insurance policy holder is not satisfied with the award of the insurance ombudsman, he / she can approach to__?
Courts of law Consumer forums Either a or b The award of insurance ombudsman can not be challenged

3.Which one of the following is the example of Insurance depositories?
Central Insurance Repository Limited (CIRL) Karvy Insurance repository Limited NSDL Database Management Limited All of these

4.Which of the following is correct full form of IGMS with reference to insurance sector?
Integrated Grievance Management System Internal Grievance Management System Important Grievance Management System Integral Grievance Management System

5.Up to what extent, FDI in Insurance sector is allowed by the Government of India (GOI)?
26% 49% 51% 100%

Monday, May 21, 2018

Financial GK Quiz

1.Which of the following is NOT a part of India’s money market?
Bill market Call money market Banks Indian Gold council

2.Which of the following is the regulator of the credit rating agencies in India?
RBI SBI SEBI ICRA

3.FDI refers to
Fixed Deposits in India Foreign Direct Investment Foreign Deposits in India Future Derivative Investment

4.State financial Corporations give assistance mainly to develop which of the following?
Small and medium scale industries Agricultural sector Cotton industry Large scale industries

5.Whose signatures are found on one rupee note in India ?
Governor, Reserve Bank of India Finance Minister, Government of India Finance Secretary, Ministry of Finance Government of India One rupee note does not have any signatures

Sunday, May 20, 2018

General Insurance Quiz

1.Under the ESOP, who of the following are offered shares in the company?
Employees Existing Shareholders Promoters NRIs

2.On which one of the following issues can SEBI penalize any company in India? 
1. Violation of Banking Regulation Act 
2.Violation of foreign portfolio investment guidelines 
3.For violation of Negotiable Instrument Act
Only 1 Only 2 Only 3 All the three

3.Expand the term CCEA as used in administrative circles
Cabinet Committee on External Affairs Cabinet Committee on Economic Affairs Cabinet Council on External Affairs Cabinet Council on Economic Affairs

4.Foreign exchange reserves of India are kept in the custody of which of the following?
Reserve bank of India All public sector banks Foreign banks in India Government treasury

5.Fiscal policy is concerned with which of the following?
Export and import Public revenue and expenditure Issue of currency Population control

Thursday, May 17, 2018

Financial Awareness Quiz

1.Which of the following insurance companies gives the slogan Prithvi, Agni, Jal, Akash - Sab ki Surakhsa Hamare Paas?
Life Insurance Corporation Oriental Insurance Company New India Assurance General Insurance Company

2.With which of the fields is actuarial science associated?
Insurance Banking Micro-finance Space technology

3.Which of the following terms is used in the field of finance and banking?
Elasticity Inflation Pulse rate Hot waves

4.Expand the term IFRS.
Indian Financial Reporting Standards Indian Financial Reporting Systems International Financial Reporting Standards International Financial Reporting Systems

5.What does the term FSDC, used in financial sectors stand for?
Financial Security and Development Council Financial Stability and Development Council Fiscal Security and Development Convention Fiscal Stability and Development Council

Wednesday, May 16, 2018

Frequently Asked Insurance Questions - Business Insurance

1.Should my small business have business income insurance?

Business income coverage is not necessary for every business. However, if you decide to not purchase this coverage, it’s important to understand what you will not have coverage for in the case of a loss.
Business income provides reimbursement for lost revenue after a covered insurance loss. For a company that does not have a physical address that is crucial to its business, such as a contractor, business income is probably not necessary. For store front or main street businesses, like a coffee shop, business income is a must.
2. Does my business need employment practices liability?
It!


If your business has employees then you are exposed for a loss related to employee practices. This isn’t just sexual harassment, it also includes unfair hiring or firing practices and unsafe work environment as well as discrimination.
But what is really scary to me is a loss from a 3rd Party that enters your business and may have nothing to do with it like the mail delivery person. You can be sued for the things that this person does to your employees and there is no coverage for that under you general liability insurance.
3.What are the exclusions on a general liability policy?
Just because the name General Liability sounds all-inclusive you must understand that it is NOT!
There are many exclusions on a General Liability policy just on the standard forms and then each individual insurance carrier can apply additional exclusions as they see fit.
4. What is hired and non owned auto liability insurance?
Hired and non-owned auto liability insurance is a coverage found most often on business auto policy or the business owners policies (BOP).

The coverage provides protection for the business in the event an employee gets into an at-fault auto accident while driving their own personal vehicle or any other vehicle not owned or a rented vehicle during the course of their work duty.

Tuesday, May 15, 2018

Financial GK Quiz

1.Which of the following is the regulator of insurance sector in India?
RBI AMFI IRDA SEBI

2.Which of the following terms is NOT related to the insurance sector?
Indemnity Coverage Misuse Alert Annuity

3.Which of the following public sector companies/organizations provides insurance cover to exporters?
ECGC NABARD SIDBI IRDA

4.The insurance companies collect a fixed amount from its customers at a fixed interval of time. What is it called?
Instalment Contribution Premium EMI

5.Which of the following is/are the various types of insurance? 1.Life insurance 
2.Health insurance 
3. Liability insurance
Only (a) Only (a) and (b) Only (a) and (c) All the three

Monday, May 14, 2018

Insurance and Finance G.K.

1.Which of the following types of companies/organisations issue ULIP?
Insurance companies Banks NABARD RBI

2.Which amongst the following is not an insurance company functioning in India?
ICICI prudential ING Vysya National Securities Depository Limited New India Assurance company

3.Which of the following is the only public sector company in the field of life insurance?
General insurance company New India assurance company Oriental insurance company Life Insurance Corporation of India

4."A contract that pledges payment of an agreed upon amount to the person (or his/her nominee) on the happening of an event covered against" is technically known as
Death coverage Life insurance Savings for future Provident fund

5.With which of the following did the State Bank of India enter into a joint venture agreement for undertaking general insurance business?
New India Assurance Ltd. Insurance Australia Group Lehman Brothers Holdings Inc. Allianz

Sunday, May 13, 2018

Insurance Interview Questions & Answers

1. How can you contribute to the sales team?
When I first started working in insurance, cold calling was one of the most difficult aspects of the job because engaging people over the phone can be challenging. However, I worked closely with more experienced teammates to learn an effective sales pattern. Specifically, I learned not to lead with a sales pitch but to describe the benefits of insurance as a safety net when disaster strikes.
I also learned to strike up a conversation with potential clients, build rapport and listen to their concerns. That way I could tailor my approach and the package I offered to meet their needs. I have found these tactics to be very effective for making sales and building a loyal customer base, and I look forward to bringing these skills to your team.
2. In your position, you may end up working with potential clients who are skeptical about an insurance policy. What is your method for addressing negative reactions?
Hearing “no” for an answer is inevitable in insurance, and I view such scenarios as opportunities to learn about people’s interests and apprehensions. Above all, I strive to maintain a positive relationship with potential clients. Even if an individual initially is disinterested in buying an insurance policy, I have learned that if I strike up a conversation, I can encourage the person to discuss his or her concerns. Then, I can adjust my offer to make it more appealing. My sales approach means that even if some people choose not to sign up for a particular policy during the first conversation, they will remember their experiences with me in a favorable light and may come to my company in the future.
3. What are your strategies for maintaining a positive, trust-based relationship with customers?
I create and sustain positive relationships with customers by maintaining open lines of communication. If clients have questions or problems, I make a point of following up and providing well-researched answers. I view it as my duty to demonstrate integrity in all of my sales. I seek to answer questions honestly and solve problems rather than offer misleading misinformation. I uphold client trust by maintaining confidentiality. I do not reveal sensitive or personal information to other clients, coworkers, friends or family, and I consider silence to be the better part of discretion.

Friday, May 11, 2018

Corporation Bank ,NABARD, IRDA

1.In which city the head office of Corporation Bank is situated?
Bengaluru Mumbai Mangalore Kolkata

2.Which of the following statements is/are true about NABARD?
It is a development bank in the sector of Regional Rural Banks in India. It provides and regulates credits in the rural area. It gives assistance for the promotion and development of rural sectors, mainly agriculture. All of these.

3.Which of the following statements is/are true about Co-operative Banks in India?
It has a three-tier set-up. State Co-operative Banks does not have access to RBI It is an urban oriented Bank It functions on sound business principles.

4. Fiscal policy is related with which of the following?
Public Revenue and Expenditure Education for All Import and Export None of these

5.What is the function of IRDA?
Plan for Financial Inclusion Provide relief packages to the Farmers Regulate insurance business in India Hiring & Purchasing assets

Thursday, May 10, 2018

Third Party Liability,Indian Commercial Bank ,European shareholders

1.__________ insurance gives protection to the vehicle owner against damages to his/her vehicle and pays for any Third Party Liability determined as per law against the owner of the vehicle
Health Insurance Motor Insurance Group Insurance Travel Insurance

2.Who is the present Chairman of IRDAI?
Harsh Kumar Bhanwala T S Vijayan Kshatrapati Shivaji Urjit Patel

3.Which is the first Indian Commercial Bank that was fully owned and managed by Indians?
State Bank of India Allahabad Bank Central Bank of India Canara Bank

4.Which bank has started as a private shareholders bank, mostly by European shareholders?
Bank of India Bank of Baroda Dena Bank Imperial Bank of India

5.Which was the first Indian bank started solely with Indian Capital?
Punjab National Bank Andhra Bank Indian Overseas Bank Syndicate Bank

Tuesday, May 8, 2018

UHIS,Agriculture Insurance Company of India Limited (AIC),Nippon Life Insurance

1.UHIS has launched by the Government of India is already in existence for persons and families below the poverty line with the element of subsidy from the Government. UHIS stands for-
Universal Health Insurance Solutions Universal Health Insurance Scenario Universal Health Insurance Scheme Universal Health Insurance System

2.__________, who represents the interests of the insured in searching for insurance coverage at the lowest cost and highest benefit to the insured.
Customer Cashier Broker Banker

3.Agriculture Insurance Company of India Limited (AIC) was incorporated in which year?
20th December 2004 20th December 2002 20th December 1999 20th December 2007

4.Nippon Life Insurance has signed definitive agreements to invest Rs 2,265 crore (US$ 332.32 million) in order to increase its stake in Reliance Life Insurance from 26 per cent to 49 per cent. Nippon Life Insurance based in-
USA Japan France Germany

5.Which among the following companies has not contributed towards the share capital of Agriculture Insurance Company of India Limited (AIC)?
Insurance Regulatory and Development Authority of India (IRDAI) National Bank for Agriculture and Rural Development (NABARD) General Insurance Corporation of India (GIC) National Insurance Company Limited (NICL)

Insurance Current Affairs

1.Where is the head office of Agriculture Insurance Company of India Limited (AIC)?
Hyderabad New Delhi Kolkata Chennai

2. IBAI was incorporated as a Company under Section 25 of the Companies Act, 1956. What is the meaning of "B" in IBAI?
Basel Broadcasting Brokers Board

3.In which among the following year National Insurance Company Limited (NICL) was incorporated?
1906 1956 1934 1919

4.The written insurance contract that may include all clauses, riders and endorsements. It is called?
Installment Premium Policy Assets

5.Agriculture Insurance Company Of India Limited’ (AIC) was incorporated to exclusively cater to the insurance needs of the persons engaged in agriculture and allied activities in India under-
Companies Act, 1956 SEBI Act, 1992 IRDA Act, 1999 Reserve Bank of India Act, 1934

Sunday, May 6, 2018

Insurance Awareness

1.When did insurance begin in Babylon?
1750 BC 1907 BC 1971 BC 2000 BC

2. Which one of the following does not belong to the main products of life insurance?
Term Whole life Endowment Personal accident insurance

3. Which one of the following does not belong to the major general insurance private sector companies in India?
Reliance General Insurance The Oriental Insurance Company Bajaj Allianz General Insurance Royal Sundaram Alliance Insurance

4.When was the Oriental Life Insurance Company established?
1815 1818 1821 1833

5.When was Life Insurance sector nationalised?
1947 1951 1956 1959

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