14 B{gZ ty V$r*$ {M 18 BV$t 2017

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Who can approach Insurance Ombudsman? GBG
date of policy till the date of expiry payable, under PMSBY? V$ ${sZ O M> $sy
BANKING KNOWLEDGE / b) Within one year from the date of expiry a) On attaining the age of 50 years (GBG)& M>{sMt {M
FINANCIAL AWARENESS c) Within 2 years from the date of expiry b) On attaining age 70 years (age nearest Cf $t M R$$
d) Within 5 years from the date of expiry birth day).
1. What is PMVVY? Give details. e) None of these c) On attaining the age of 40 years
M$. R$: 20
a) Pradhan MantriVayaVandanaYojana 11. Who are entitled to join PRADHAN MA d) On attaining the age of 30 years M>{sMt : $*y
(PMVVY) NTRI SURAKSHA BIMA YOJANA? e) None of these V>$ & R$: sM 2, {s 2,
b) The scheme is open to people aged 60 a) All savings bank account holders in the 20. Aninsurance Ombudsman shall be appo GG 2, VV 1, / BGG 2,
years and above age 18 to 70 years in participating banks inted for a term of how many years? t ygO 2, C G t GPr 3,
c) For monthly pension, the minimum b) Below 5 years of age Give details? sG CG 2, y 2
amount to be invested is Rs.1.5 lakhs and c) Below 10 years of age a) 3 years : M$ *.35910 + C A$$
the maximum is Rs.7.5 lakhs. LIC has d) Below 12 years of age b) Shall be eligible for reappointment pro-
been given mandate to operate the scheme
A: (y*/ C/ sM)($M>M/
e) None of these vided that no person shall hold office as an GMM GM>M/ GM>M M$*M
d) The scheme is exempt from GST 12. What is the premium per member under Ombudsman after he has attained the age
e) All the above PMSBY? of seventy years.
/ $M{sM/ GMM t$/ Cy
2. When currency notes of denominations a) Rs.12/- per annum per member c) Both (a) and (b) $ GM>M/ C$$s/ Cy
of Rs. 1000 and Rs. 500 (specified bank b) Rs.100/- c) Rs.150/- d) After the age of 75 years $ M{sZ/ s M$*M/ A$$y
notes or SBNs), valued at Rs. 15.4 tril- d) Rs.250/- e) None of these e) None of these GM>M/ MNr O/ yhr GM>M/
lion and constituting 86.9 percent of the 13. Who is the Master Policy Holder for 21. "Health insurance business" means the MNr s PV/ GM>M/
value of total notes in circulation, were PMSBY? effecting of contracts for which of the CfV) E$~O Ey.
demonetized? a) LIC b) RBI following ? $$: 35 H $^>$
a) 2015 b) November 8, 2016 c) Participating Bank will be the Master a) For sickness benefits
c) 2014 d) 2012 e) 2011
GM: Cr* >
policy holder on behalf of the participating b) Medical, surgical or hospital expense A$$ $$$V> BOZ R$
3. MSM releases will also feature salient
facts, data and tables that are germane
to the topic. What is MSM (in RBI)? BANK PO/ CLERKS EXAM SPECIAL ^$M $z M> M _$*M$
#M.
a) Money Street Memos subscribers benefits, whether in-patient or out-patient R$ ^$M$ BQ$ : BV$t 26
b) Mint Street Memos d) NABARD e) None of these travel cover and _$*: General Manager(HR), Banga
c) Many Street Memos c) Personal accident cover lore Metro Rail Corporation Limited, III
d) Most Stressed Memos 14. What is "Group insurance"?
d) All the above e) None of these Floor, BMTC Complex, K.H.Road,
e) None of these a) Insurance for only one person
22. No policy of life insurance shall be called Shanthinagar, Bangalore 560027
4. Current Account and Saving Account b) Insurance cover obtained by a group
in question on any ground whatsoever Os: www.kannada.bmrc.co.in
(CASA) deposits are called as what? of individuals, either through an
after the expiry of how many years from
a) High cost deposits b) Costly deposits employer or otherwise, under a single
the date of the policy? (i.e., from the
c) Low cost deposits d) Fixed deposits contract;
date of issuance of the policy or the date
e) None of these c) Insurance for a married couple only
of commencement of risk)
5. Pradhan Mantri Jan-DhanYojana d) Insurance only for unmarried person
(PMJDY) accounts can be linked with
which of the following?
e) None of these
a) three years b) 4 years
d) 6 years e) None of these
c) 5 years
Ay
15. What is the method of Appropriation of 23. A contract of marine insurance is an
a) Aadhar card number and mobile phone
number
Premium in PMSBY? agreement whereby the insurer under- GMGsG^$$
a) Insurance Premium to Insurance takes to indemnify the assured, in the O>Z { My V>
b) PMSBY or PMJJBY c) APY Company: Rs.10/- per annum per member manner and to the extent thereby
d) All the above e) None of these b) Reimbursement of Expenses to BC/ agreed, against which of the following?
> E $ (GMGsG
6. A significant amount of Specified Bank Micro/Corporate/Agent : Rs.1/- per annum a) Marine losses, that is to say, the losses
^$$)& E G (B)Z {
Notes (SBNs) viz., Rs.500 (old) & Rs. per member incidental to marine adventure M E_ ts 2017M$ R$$
1000 (old) flowed into which of the follo c) Reimbursement of Administrative b) Air cargo c) Railway transport M$.
wing special types of accounts in 2016? expenses to participating Bank: Rs.1/- per d) Road transport e) None of these R$ MM$ BQ$ : BV$t 31
a) Basic Saving Bank Deposit Account annum per member R$ _$*: h,
(BSBDA); d) All the above e) None of these 24. State Bank of India (SBI) has informed
that it has introduced 'Work from
{ My V> > E
b) PMJDY Accounts; Kisan Credit Card 16. Insurance Ombudsmen are appointed by $, >g{ V, O> &
(KCC); the Governing Body and are empowered Home Policy' for whom? Give details?
c) Dormant or inoperative accounts; co- a) Permanent Officers in the Bank. 500030
to entertain which type of complaints in Os: www.skltshu.ac.in
operative banks' accounts with SCBs; respect of personal line insurances? b) The facility can be availed occasional-
ly up to 5 days a month or for a longer
d) Bullion trader/jewellers' accounts; and
loan accounts.
a) any partial or total repudiation of claims
by an insurer duration
IIGG
e) All the above b) Any dispute in regard to premium paid c) It is subject to approval by the Cy$ Ctr*s B Ayy ty
7. About 85 per cent of the total collections or payable in terms of the policy Competent Authority not less than offi- (IIGG)& M P a V>Z
by LIC of India in November 2016 were c) any dispute on the legal construction of cers in the grade of TEGS-VI i.e. Deputy ZM R$$ M$
under which of the following? the policies in so far as such disputes relate General Manager/TEGSS-I i.e. Chief a V>$: / sM Ay
a) The 'single premium' policies, which are to claims General Manager GM$M / Ms Cy$
paid in lump sum d) delay in settlement of claims; and non- d) All the above e) None of these r^ (*s/ $y/*{y/
b) Monthly c) Quarterly issue of any insurance document to cus- 25. Which bank has launched a facility where M/ [sO)/ Ms ty(/
d) Annually e) None of these tomers after receipt of premium by its existing customers can avail per- h$/ t&t*{V,
8. The Reserve Bank's Central Board, at e) All the above sonal loansupto Rs.15 lakhs at its ATMs?
its meeting held recently, approved the
B t)/ Gy$M/ Ma/ Bt &
17. Who can approach Insurance a) ICICI Bank b) Citi Bank >V Bt, {M>t/ y$r M>t
transfer of surplus to the Government of Ombudsman? c) American Express d) SBI
India amounting to Rs. 306.59 billion for a) Any aggrieved individual who has taken e) None of these
Ay {$ B hM Ay $$sM/
the year ended________ . an insurance policy on persona lines 26. The second life insurer in India to go y$r M>t Ay $ B
a) June 30, 2017 b) December 2016 b) if deceased the legal heir(s) under such public soonis? ^$ Ay O O/ ty C
c) March 31, 2017 d) April 30, 2017 policy a) SBI Life b) LIC G>$s/ Cy$ Og C
e) None of these c) Both (a) and (b) d) Supreme Court c) New India Insurance M>st B H$ O/ {$ B
9. Which type of General Insurance e) None of these d) United India Insurance M>s Cy* C M>st B
Policies can be purchased online? 18. Is there any time limit to approach the e) Oriental Insurance Cs{V Ay zV
a) Motor (2-wheeler & Private car) insurance ombudsman?
b) Health/ Personal Accident/
BMV A$$ Os $_ R$
a) Within one year of the rejection by the
c) Overseas Mediclaim/ Householder/ insurer of the representation of the com- Praturi Potayya Sarma > yZy ^$M M
_$*M$ #M.
d) Shopkeeper/ Pravasi Bhartiya Bima plaint or the insurer's final reply to the rep-
Yojana resentation ANSWERS 7) a 12) a 17) c 22) a R$ ^$M$ BQ$ :
e) All the above b) Within 2 years c) Within 4 years 8) a 13) c 18) a 23) a t$ 30
1) e 4) c 9) e 14) b 19) b 24) d
10. When a person can renew his general d) Within 5 years e) None of these 2) b 5) d _$*: Secretary, Indian Institute of
insurance policy? 19. When the accident cover for the mem- 10) a 15) d 20) c 25) a Advanced Study, Shimla- 171005
3) b 6) e 11) a 16) e 21) d 26) a
a) Only from 30 days before the expiry ber shall terminateand nobenefit will be Os: www.iias.ac.in