Paper BSNL Junior Accounts Officers (JAO)
1. Which one of the following does not constitute the purpose of setting up SEBI?
(1) To protect the interests of the investors in securities
(2) To promote the development of the securities markets
(3) To regulate the global securities markets
(4) To deal with matters connected with Fraudulent and unfair trade practices relating to securities markets
Ans. c
2. The Jurisdiction of the MRTP Commission with respect to monopolistic trade practices is not exercisable upon/under—
(1) a reference made to it by the Central Government
(2) an application made to it by the Director General
(3) ts own knowledge or information
(4) any of the above mentioned circumstances
Ans. d
3. Paid-up value is payable on a life Insurance policy—
(1) on the maturity of the policy
(2) when the policy lapses
(3) when the policy is surrendered
(4) on maturity or death which ever is earlier
Ans. d
4. It is compulsory for a share broker to register with the—
(1) Concerned Stock Exchange
(2) Securities and Exchange Board of India
(3) Department of Company Affairs
(4) Concerned Stock Exchange in concurrence with the securities and Exchange Board of India
Ans. d
5. Life insurance is a contact on the life of a man in which the insurer promises to pay a sum of money. For the consideration of a definite premium, to the insured person on his death or an attaining a particular age, which one of the following assumptions is implicit in the above definition?
(1) It is a contract of indemnity
(2) It is a contract of guarantee
(3) It is a contract of compensation
(4) It is a contract of return on investment
Ans. b
6. Trading on equity takes place—
(1) when capital other than that of equity shareholders is also employed
(2) only when equity capital is employed
(3) only when debenture funds are employed
(4) when profits are ploughed back
Ans. a
7. Letter of credit is now becoming an increasingly popular method of financing—
(1) fixed capital needs
(2) working capital needs
(3) redemption of debentures
(4) distribution of dividend
Ans. b
8. In which of the following types of insurance should insurable interest be present only at the time when policy is taken?
(1) Fire insurance
(2) Life insurance
(3) Marine insurance
(4) Life and Marine insurance
Ans. b
9. Capital gearing ratio denotes the relationship between—
(1) assets and capital
(2) loans and capital
(3) equity shareholders funds and long term borrowed funds
(4) debentures and share capital
Ans. c
10. Both ‘security’ and ‘investment’ elements arc available—
(1) only in Life Insurance
(2) in both Life and Fire Insurance
(3) in both Marine and Fire Insurance
(4) in Life, Marine and Fire Insurance
Ans. a
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