Important Banking Awareness Quizzes (Topic Wise) Day-202

Dear Readers, Here we have provided the Important Banking Awareness Quizzes based on particular topic, which will help to understand and prepare in a better way. Candidates those who are preparing for upcoming IBPS/SBI Exams 2018 can make use of it.

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1. In EPL, “L” stands for _________

a) Level

b) Loss

c) Letter

d) Limited

e) None of these

2. In MET, “M” stands for __________

a) Management

b) Multiple

c) Maximum

d) Monthly

e) None of these

3. In BAP, “A” stands for __________

a) Associate

b) Auto

c) Actual

d) Annual

e) None of these

4. IN LTD, “D stands for ____________

a) Difference

b) Development

c) Disability

d) Deduction

e) None of these

5. In GWP, “W” stands for ____________

a) Written

b) Weight

c) Work

d) Welfare

e) None of these

6. In BOP, “B” stands for _____________

a) Business

b) Board

c) Bureau

d) Benefits

e) None of these

7. In STD, “S” stands for ___________

a) Standard

b) Special

c) Security

d) Short

e) None of these

8. In EAP, “E” stands for ____________

a) Employment

b) Expected

c) Environmental

d) Estimated

e) None of these

9. In GAP, “P” stands for ___________

a) Program

b) Premium

c) Protection

d) Package

e) None of these

10. In HPR, “R” stands for ____________

a) Rate

b) Report

c) Revenue

d) Regulatory

e) None of these

11. UNL stands for _____________

a) Ultimate Net Loss

b) Universal Net Loss

c) Uninsured Net Loss

d) Unexpected Net Loss

e) None of these

12. FIRM stands for _____________

a) Family Insurance Rate Map

b) Fair Insurance Rate Map

c) Farmers Insurance Rate Map

d) Flood Insurance Rate Map

e) None of these

13. FAP stands for ___________

a) Finance Automobile Policy

b) Fair Automobile Policy

c) Family Automobile Policy

d) Farmers Automobile Policy

e) None of these

14. YRT stands for ________________

a) Yearly Receivable Term

b) Yearly Renewable Term

c) Yearly Reverse Term

d) Yearly Reserved Term

e) None of these

15. PIA stands for ____________

a) Personal Insurance Account

b) Private Insurance Account

c) Permanent Insurance Account

d) Property Insurance Account

e) None of these

Answers:

1. EPL – Employment Practices Liability

L – Liability

Correct Answer is: e)

2. MET – Multiple Employer Trust

M – Multiple

Correct Answer is: b)

3. BAP – Business Auto Policy

A – Auto

Correct Answer is: b)

4. LTD – Long-Term Disability

D – Disability

Correct Answer is: c)

5. GWP – Gross Written Premium

W – Written

Correct Answer is: a)

6. BOP – Business Owners Policy

B – Business

Correct Answer is: a)

7. STD – Short-Term Disability

S – Short

Correct Answer is: d)

8. EAP – Estimated Annual Premium

E – Estimated

Correct Answer is: d)

9. GAP – Guaranteed Auto Protection

P – Protection

Correct Answer is: c)

10. HPR – Highly Protected Risk

R – Risk

Correct Answer is: e)

11. UNL – Ultimate Net Loss

Correct Answer is: a)

12. FIRM – Flood Insurance Rate Map

Correct Answer is: d)

13. FAP – Family Automobile Policy

Correct Answer is: c)

14. YRT – Yearly Renewable Term

Correct Answer is: b)

15. PIA – Primary Insurance Account

Correct Answer is: e)

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