Topic-8
Indian Economy
1. In which year Life Insurance Corporation of India was established ?- 1956 AD
2. Who played role in the establishment of the Life Insurance Corporation of India ?- C.D. Deshmukh
3. Where are the headquarters of the Life Insurance Corporation of India ?- Mumbai
4. What is the full form of the GIC ?- General Insurance Corporation
5. In which year GIC was established ?- 1973 AD
6. Name the Subsidiaries of the GIC :
Subsidiary Headquarters
I. National Insurance Company Limited : Kolkata
II. The New India Insurance Company Limited : Mumbai
III. The Oriental Fire and General Insurance Company Limited : New Delhi
IV. United India General Insurance Company Limited : Chennai
7. What is the status of the GIC after 2000 ?- Indian Re-insurer
8. What is the full form of IRDAI ?- Insurance Regulatory and Development Authority of India
9. What is the status of the IRDAI ?- It is a statutory body.
10. What is the FDI limit in the insurance sector ?- 49%
11. In which year the New Pension System was launched ? – 2004
12. In which year NPS was opened to all citizens ?- 2009
13. What is the name of the incentive scheme under the National Pension System ?- Swavalamban
14. Features of the Ayushman Bharat Program :
I. 10 Crore Families will be covered under it.
II. Approximately 50 Crore people will be covered under it.
III. The health cover is of Rs 5 Lakh.
15. Which market is there to raise the short term fund ?-Money Market
16. Which bills are used by the government to raise the funds from the money market ?- Treasury Bills
17. What are the time periods of the Treasury Bills :
· 14 Days Treasury Bills
· 91 Days Treasury Bills
· 182 Day Treasury Bills
· 364 Days Treasury Bills
18. Which instrument is issued by the one bank /financial institution to another bank or financial institution ?- Certificate of Deposits
19. What should be the minimum worth of a company to issue commercial papers ?- Rs. 5 Crore
20. What is the full form of LIBOR ?- London Inter-Bank Operative Rate
21. What is the full form of MIBOR ?- Mumbai Inter-Bank Operative Rate
22. What is the purpose of LIBOR or MIBOR ?- It is the interest rate at which bank borrows from another bank.
23. What is the minimum tenure to include any instrument in the Capital Market ?- One Year
24. In which market the company get a loan on the guaranteed fixed payment ?- Debt Market
25. In which market the company can raise funds without incurring debts ?- Capital Market
26. What is the full form of SEBI ?- Securities and Exchange Board of India
27. In which year SEBI was set up ?- 1988 AD
28. What is the status of SEBI ? – It is a statutory body under the Act of 1992.
29. Which powers have been granted to SEBI under the new Act of 2014 ?
· It has the power to arrest the person.
· It can seek the call data records of individuals under the investigation.
30. How many stock exchanges are operative in India ?- Twenty Three
31. What is the name of the Asia’s oldest Stock Exchange ?- Bombay Stock Exchange
32. In which year Bombay Stock Exchange came into existence ? -1875 AD
33. Where is the National Stock Exchange situated ?- Mumbai
34. Which one is the largest stock exchange of India ?- National Stock Exchange
35. What is the base year of the Bombay Stock Exchange ?- 1978-79 AD
36. What is the name of the index of the Bombay Stock Exchange that includes the list of the 30 well established and financially sound companies ?- BSE-30
37. What is the name of the index of the National Stock Exchange that includes the list of the 50 major companies ?- NSE-50
Index Country
38. Hang Seng Hong Kong
39. JCI Indonesia
40. Nikkei-225 Japan
41. Kospi South Korea
42. SET Thailand
43. FTSE-100 UK
44. NASDAQ Compostie Index US
45. Dow Jones US
46. What is the full form of CRISIL ? –Credit Rating Information Services of India Limited
47. In which year CRISIL was set up ?- 1988 AD
Credit Rating Agency Headquarters
48. Fitch Group Paris
49. S and P New York
50. Moody’s Investor Services New York