BA Marathi And English SEM VI 2022 23 Apr 2022-23 ECONOMICS OF IN SURANCE II Question Paper - Mumbai University | munotes

Questions asked in this paper

• 2) Figures to the right indicate full marks

1. Q1 Attempt any two. 20 marks
   • a. What are the features and benefits of life insurance?
   • b. Discuss the methods of risk classification in life insurance
   • c. Explain the types of insurance policy
2. Q2 Attempt any two. 20 marks
   • a. What are the functions of Life and Health insurance?
   • b. What are the principles of underwriting?
   • c. Examine the underwriting in Life insurance
3. Q3 Attempt any two. 20 marks
   • a. What are the types of general insurance?
   • b. What are the functions of general insurance?
   • c. Discuss the need and characteristics of social insurance
4. Q4 Attempt any two. 20 marks
   • a. Information technology in insurance
   • b. Examine the marketing of insurance products
   • c. What are the Information Technology applications in the functional area? Attempt any two. (20)
   • a. Introduction to Life insurance
   • b. Underwriting in non-life insurance
   • c. Need and potential of rural insurance
   • d. Critical success factors for insurance players
5. Q5 Answer the multiple choice questions given below. 20 marks
6. Q1 Life insurance referred to as
   • a. Life assurance
   • c. Life under assurance
7. Q2 Which of the following act define life insurance? Paper Subject Code: 86716 Economics: Economics of Insurance-II(Rev.)
8. Q3 Life insurance business is the business of
   • a. effecting contracts upon planet life
   • b. making contracts upon after life Coverage
   • c. effecting contracts upon human life
9. Q4 Which of the following sections of the Insurance Act in India defines life
   • a. Section
   • b. Section 2
   • c. Section 3
   • d. Section 4
10. Q5 Who defined life insurance as compensation in case of death?
    • c. A. MARSHALL
11. Q6 Which of the following methods uses a large number of factors which affect mortality are taken into account?
    • a. numerical method
    • b. judgemental method
    • c. orientation method
    • d. experience method
12. Q7 Which of the following methods is used by an underwriter where the underwriter studies all the features of life insurance?
    • a. numerical method
    • b. judgemental method
    • c. orientation method
    • d. experience method
13. Q8 Extra mortality risk caused due to impairment with age is called as
14. Q9 The group reflect life with hazard throughout it is called as Paper Subject Code: 86716 Economics: Economics of Insurance-II(Rev.)
15. Q10 If the problem becomes normal over the period of time then it is
16. Q11 the policy classification based on participation in profit is with profit policies and
17. Q12 the cheapest and simplest form of life insurance policy in the market is
    • a. Term plan
    • b. Endowment plan
    • c. Whole life
    • d. Limited Plan
18. Q13 Which of the following policies expires after the completion of tenure?
    • a. Term plan
    • b. Endowment plan
    • c. Whole life
    • d. Limited Plan
19. Q14 the term insurance regarded as
    • a. permanent insurance
    • c. temporary insurance
    • d. fixed insurance
20. Q15 which of the following option available for person after the completion of
    • b. revival option
    • c. survival option
    • d. category option
21. Q16 if the insurer received the premium in lump sum then it is called as
    • a. level premium Paper Subject Code: 86716 Economics: Economics of Insurance-II(Rev.)
22. Q17 Annuity is the cash payments throughout life paid by
    • a. insured
    • b. household
    • c. government
    • d. insurer
23. Q18 Which of the following policies are suitable for rural People?
    • c. Jeevan Shree
24. Q19 Which of the following policies are suitable for the top end of society?
    • c. Jeevan Shree
25. Q20 Which of the following policies is suitable for serious illness cover?
    • c. Jeevan Shree Paper Subject Code: 86716 Economics: Economics of Insurance-II(Rev.)

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