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1.  
The first general insurance company in India, Triton Insurance Company Ltd, was set up in Calcutta in:

Correct Answer: C [1850]

Explanation:

1850 (LIC history page); Indian Mercantile (1907) was the first to transact all classes of general insurance.

2.  
Which principle does NOT apply to life insurance?

Correct Answer: A [Indemnity]

Explanation:

Life cannot be valued – a fixed sum assured is paid.

3.  
The first stock exchange in Asia, established in 1875, is:

Correct Answer: D [BSE]

Explanation:

BSE – 1875.

4.  
The NAV of a mutual fund scheme means:

Correct Answer: B [net asset value per unit]

Explanation:

(Assets − liabilities) ÷ units.

5.  
The base year of the Sensex is:

Correct Answer: B [1978-79 = 100]

Explanation:

1978-79 = 100; launched 1986.

6.  
Free shares given to existing shareholders out of reserves are called:

Correct Answer: A [bonus shares]

Explanation:

Bonus – no money comes in.

7.  
The two depositories in India are:

Correct Answer: D [NSDL and CDSL]

Explanation:

NSDL (1996) and CDSL (1999).

8.  
The riskometer of a mutual fund has how many levels?

Correct Answer: C [6]

Explanation:

Six: Low to Very High.

9.  
Under ASBA, what happens to the bid amount when the investor applies?

Correct Answer: B [it is blocked in the investor's bank account]

Explanation:

It is blocked; only the allotted amount is debited.

10.  
SEBI's online investor complaint system is:

Correct Answer: A [SCORES]

Explanation:

SCORES – launched 8 June 2011.

11.  
Fill in the blank: the national re-insurer of India is ____.

Correct Answer: C [GIC Re]

Explanation:

GIC was re-notified as the Indian Reinsurer in November 2000.

12.  
A company offering shares to the public for the first time makes a/an:

Correct Answer: D [IPO]

Explanation:

Initial public offer.

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