CUCET M.Com Entrance 2019
- Cash cannot be directly drawn from a bank against_____.
(a) Cross cheque
(b) Bearer cheque
(c) Order cheque
(d) Traveler cheque - Which is not the function of money?
(a) Store of value
(b) Medium of exchange
(c) Make demand and supply equal
(d) Measure of value - A saving account in a bank represents the functions of money
(a) A measure of value
(b) Store of value
(c) A medium of exchange
(d) A standard for deferred payments - Who will act as the banker to the government of India?
(a) State bank of India
(b) NABARD
(c) Reserve bank of India
(d) Nationalized Banks - Which one of the following does not belong to the major general insurance private sector companies in India?
(a) Bajaj Allianz General Insurance
(b) Royal Sundaram Alliance Insurance
(c) Reliance General Insurance
(d) The oriental Insurance Company - Which of the following companies acquired the business of ING Vysya Life Insurance?
(a) Exide Life corporation Ltd.
(b) Aviva Life Co. Ltd.
(c) Future General India Life insurance Co.Ltd.
(d) ICICI Prudential Life insurance Co. Ltd. - Largest Life Insurance Company in India is_________
(a) The new India Assurance Company Ltd
(b) United India Insurance Company Ltd
(c) Life Insurance Corporation of India (LIC)
(d) National Insurance Company Limited - Headquarter of LIC is situated at_________
(a) Kolkata
(b) Mumbai
(c) Delhi
(d) Hyderabad - The term ‘Assurance’ refer to______
(a) Life insurance business
(b) Motor vehicle insurance
(c) Fire insurance business
(d) Marine insurance - What is the NABARD pilot project for digitization of SHGs called?
(a) E-shakti
(b) E-shanti
(c) E-Samriddhi
(d) E-Samraksha
CUCET M.Com Entrance 2020
- __________________ is the mandatory reserves to be maintained with Reserve Bank of India.
(a) CRR
(b) SLR
(c) ASR
(d) CAR - NABARD is the apex institution concerned with the policy, planning and operations in the field of ___________________ activities.
(a) Agriculture & rural development
(b) Commercial
(c) Child women development
(d) Labour welfare - Which of the following is not covered under development bank.
(a) National Bank for Agriculture and Rural Development (NABARD)
(b) Small Industries Development Bank of India (SIDBI)
(c) EXIM Bank
(d) Foreign Bank - Section _______________ of the Banking Regulation Act stipulates the minimum capital and reserve requirements of Banking Company
(a) 11
(b) 12
(c) 13
(d) 14 - Which of the following principles of Insurance tells that an insured may not be compensated by the insurance company in an amount exceeding the insured’s economic loss?
(a) Insurance Interest
(b) Utmost Good Faith
(c) Principle of Contribution
(d) Principle of Indemnity - Which of the following principles of Insurance denotes a duty of the person seeking insurance to voluntarily disclose all facts material to the risk being proposed whether requested or not?
(a) Insurable Interest
(b) Utmost Good Faith
(c) Principle of Contribution
(d) Principle of loss Minimization - When was life insurance nationalized in India.
(a) 1947
(b) 1951
(c) 1956
(d) 1959 - The prime aim of SIDBI is to support ____________ by providing them the valuable factor of production.
(a) Big Industrialists
(b) MSMEs
(c) Needy Women
(d) None of the above - The lender of the last resort to the market is the _____________
(a) Commercial banks
(b) Indigenous banks
(c) Money lenders
(d) RBI - Under FEMA, the RBI has been authorized to make ______________ to carry out the provisions of the Act
(a) Rules
(b) Regulations
(c) Both rule and regulation
(d) Notifications - The I. C. A. 1956 specially requires certain other books to be kept by a company for maintaining a record of its different activities in order to safeguard the interest of the shareholders and creditor. Those books are known as _____________ books.
(a) Financial
(b) Statutory
(c) Creditors
(d) Both (b) and (c) - Which of the following is not a money market instrument?
(a) Bonds
(b) Treasury bills
(c) Certificates of deposit(CDs)
(d) Commercial paper (CP) - Type of market in which securities with less than one-year maturity is trades, is classified as
(a) Money market
(b) Capital market
(c) Transaction market
(d) All of the above - What is meant by Aadhaar seeding?
(a) Linking of Aadhaar with Bank account
(b) Duplicate issuance of Aadhaar
(c) Transfer of Aadhaar
(d) Kept in safety locker - Ram is addressing his income needs by investing directly in corporate bonds. In what form, will he receive his income?
(a) Annuity installments
(b) Dividend payments
(c) Interest payments
(d) Rental payments - Which of the following is not a defining quality of a bond?
(a) Dividend yield
(b) Maturity
(c) Face value
(d) All of the above - ‘Financial stability refers to the capacity of an undertaking to meet its financial obligation, both ______________ and __________________
(a) Bills receivables and bills payables
(b) Current and fixed assets
(c) Financial position and solvency position
(d) Short-term and long-term
CUCET M.Com Entrance 2021
- Regional Rural Banks are designed to work in which of the following ideals?
(a) Work on innovative and adaptive ideals
(b) Help the targeted groups
(c) Keep lending rates lower than cooperative institutions
(d) Work on basics of commercial banks - Which of the following is not an asset held by commercial banks?
(a) Bills of exchange
(b) Credit balances with the Reserve Bank
(c) Money lent at short notice
(d) Current account deposits - In order to control credit
(a) CRR and Bank Rate should be increased
(b) CRR should be decreased and Bank Rate should be decreased
(c) CRR should be increased and Bank Rate should be decreased
(d) CRR should be decreased and Bank Rates should be increased - Countries with the highest inflation dates are likely to have
(a) the highest rates of money growth
(b) small budget deficits relative to GDP
(c) the lowest interest rates
(d) all of the above - Bank can avail refinance against loans made to industrial units from
(a) IDBI
(b) DICGC
(c) ECGC
(d) NABARD - The principle of ___________ ensures that an insured does not profit by insuring with multiple insurers.
(a) subrogation
(b) contribution
(c) co-insurance
(d) indemnity - Which of the following is an important reason for insurance to sell life insurance policies through agents?
(a) The benefits of life insurance policies are simple and clear to all
(b) People can decide which policies best for them
(c) Agents have to earn their commissions
(d) Many people require personalized guidance for selecting the right policy - Which of the following is not an asset held by commercial banks?
(a) Bills of exchange
(b) Current account deposits
(c) Credit balance with the Reserve Bank
(d) Money lent at short notice - Which of this Development Financial Institution was primarily set up for the development of the Micro, Small and Medium Enterprise (MSME) Sector ?
(a) NABARD
(b) IDBI
(c) SIDBI
(d) IFCI - Which is not one of the development steps taken for Capital Market?
(a) Open Outcry
(b) Book Building
(c) Establishing SEBI
(d) Screen Based Trading - Dishonour of cheque by a banker without any justifiable reason is called
(a) valid dishonor of cheques
(b) negligence dishonour of cheques
(c) unmindful dishonour of cheques
(d) wrong dishonour of cheques - In Negotiable Instrument Act 1881, which section defines promissory note?
(a) section 4
(b) section 3
(c) section 2
(d) section 1 - The important feature of an anticipatory letter of credit is that
(a) the letter of credit can be used as back to back letters of credit
(b) the beneficiaries under the letter of credit may receive payments given at the pre-shipment stage
(c) the beneficiary under the letter of credit may receive payments even at the post-shipment stage
(d) the cash advance is not permitted against such letters of credit - Compared to the premium for a Whole Life Plan, the premium for an Endowment plan will be ___________ for the same age.
(a) Less than half
(b) Less than one third
(c) more
(d) same - Which of the following is not a credit rating agency ?
(a) CRISIL
(b) ICRA
(c) Care
(d) NIKKEI
CUCET M.Com Entrance – 2022
- As per the principle of __________, no one can make profit by insuring with multiple insures.
(a) Co-insurance
(b) Indemnity
(c) Subrogation
(d) Contribution - Which Principle of Insurance is not applicable to Life Insurance?
(a) Utmost Good faith
(b) Causa proxima
(c) Subrogation
(d) Insurable Interest - Match list – I with list-II
List-I
(Specific Sector)
(A) Capital Market
(B) Insurance Sector
(C) Banking Sector
(D) Telecom Sector
List-II
(Regulatory Body)
(I) TRAI
(II) RBI
(III) SEBI
(IV) IRDA
Choose the correct answer from the options given below :
(a) A-III, B-IV, C-I, D-II
(b) A-III, B-I, C-IV, D-II
(c) A-III, B-IV, C-II, D-I
(d) A-I, B-III, C-IV, D-II - The share capital of a RRB is subscribed by Central Government the state Government and sponsoring Bank in the ratio of :
(a) 50: 25: 25
(b) 50: 15: 35
(c) 40 : 30: 30
(d) 40: 40: 20 - Which of the following banks is established to support Agriculture Finance?
(a) SBI
(b) RBI
(c) NABARD
(d) Bank of Baroda - Which of the following is not an asset of Commercial Banks?
(a) Bills of Exchange
(b) Demand Deposit
(c) Cash Reserve with RBI
(d) Money lent to customers - Which of the following is the Asset function of money?
(a) Unit of Account
(b) Medium of Exchange
(c) Standard of deferred payment
(d) Store of value - In order to increase money supply in the economy :
(a) Bank Rate and CRR should be increased
(b) Bank Rate should increase and CRR should decrease
(c) Bank rates should decrease and CRR should increase
(d) Both Bank Rate and CRR should be decreased - Match list – I with list-II
List-I (Institution/Act)
(A) Unit Trust of India
(B) Imperial Bank of India
(C) Banking Regulation Act
(D) LIC
List-II (Year of Establishment)
(I) 1921
(II) 1956
(III) 1964
(IV) 1949
Choose the correct answer from the options given below :
(a) A-III, B-IV, C-I, D-II
(b) A-IV, B-III, C-II, D-I
(c) A-III, B-I, C-IV, D-II
(d) A-I, B-II, C-III, D-IV - Match List – I with List-II
List-I (Financial Institutions / Events)
(A) Reserve Bank of India
(B) Nationalisation of 14 major Commercial Banks
(C) Nationalisation of 6 Commercial Banks
(D) IFCI
List-II (Year of Establishment/ Occurrence)
(I) 1948
(II) 1935
(III) 1969
(IV) 1980
Choose the correct answer from the options given below :
(a) A-II, B-IV, C-III, D-I
(b) A-I, B-II, C-III, D-IV
(c) A-II, B-I, C-III, D-IV
(d) A-II, B-III, C-IV, D-I - RBI Notifies CRR under section ________ of Banking Regulation Act, 1949.
(a) 24
(b) 36
(c) 40
(d) 42 - Which of the following is not a negotiable Instrument?
(a) Pay order
(b) Cheque
(c) Bill of Exchange
(d) Bank draft - Arrange the following acts in the order in which they came into force.
(A) The Monopolies Restrictive Trade Practice Act
(B) Indian Contract Act
(C) The Sale of Goods Act
(D) The Foreign Exchange Management Act
Choose the correct answer from the options given below :
(a) B, C, A, D
(b) C, A, D, B
(c) A, B, C, D
(d) D, C, B, A - In context to Information Technology and Communication, ISDN stands for_____________
(a) Integrated Security Digital Network
(b) Integrated Services Digital Network
(c) Integral Services Digital Number
(d) Integral Security Digital Number