Current Affairs Test For LIC AAO

Q.1 When was Lead Bank Scheme introduced?

01. 1967

02. 1968

03. 1969

04. 1974

05. None of these

Q.2 Who acts as the banker to the Government of India?

01. State Bank of India

02. Reserve Bank of India

03. NABARD

04. Nationalized Banks

05. None of these

Q.3 The first development financial institution in India that has got merged with a bank is-

01. HDFC

02. IDBI

03. ICICI

04. IDFC

05. UTI

Q.4 Gilt edged securities refers to-

01. Government Securities

02. Securities issued by municipal corporations

03. Securities issued by first class companies

04. All of these

05. None of these

Q.5 SEBI was established in —————.

01. 1988

02. 1985

03. 1991

04. 1990

05. None of these

Q.6 RBI started functioning from —————.

01. 01-04-1935

02. 01-04-1948

03. 01-04-1882

04. 01-04-1945

05. None of these

Q.7 The National income is more at current prices than at constant price because -

01. increase in price is equal to increase in production

02. increase in price is more than production

03. increase in production is more than increase in price

04. of decrease in production only

05. None of these

Q.8 The income tax in India is -

01. indirect and progressive

02. direct and proportional

03. direct and progressive

04. indirect and proportional

05. None of these

Q.9 The committee related to financial inclusion was headed by….....

01. Chakravorthy

02. C. Rangarajan

03. Y. V. Reddy

04. Narayan Swami

05. None of these

Q.10 ..................... are short term deposits of specific maturity similar to fixed deposits.

01. Commercial paper

02. Interbank participation certificate

03. Repo

04. Certificate of deposit

05. None of these

Answers

Q.1. (3)

Q.2. (2)

Q.3. (3)

Q.4. (1)

Q.5. (1)

Q.6. (1) 

Q.7. (2)

Q.8. (3) 

Q.9. (2)

Q.10. (4)