B.Com In Banking & Insurance (BCBI) Sem I 2023 2024 Dec 2024 QUANTITATIVE METHODS I Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 A) the blanks by choosing the correct option: (Any Eight) 8 marks
2. Q1 Which one is a measure of Central Tendency?
   • (a) Median (b) Standard Deviation (c) Correlation (d) None of these
3. Q2 Range is determined only by _ points
4. Q3 Correlation coefficient can not be
5. Q4 Ifthe two regration lines coincides then
6. Q5 The probability of a certain event is
   • (c)1 (d) None of these
7. Q6 In Laspeyre’s index number years quantities are used
   • (a) Base (b) Current (c) (d) None of these
8. Q7 Index number for the base always
9. Q8 Ifan Insurance Premium is not paid within the period, the policy lapse
10. Q9 The tabutated rate of annual premium is expressed per Rs
11. Q10 can be located with the help of histogram
    • (a) (c) Mode (d) None of these
    • B) State whether the following statements are true or false (Any seven) 7
12. Q1 Deciles can be located using histogram
13. Q2 Median is not based on all observations
14. Q3 Standard deviation is denoted by R
15. Q4 The interquartile range is based on only two values
16. Q5 Coefficient of correlation cannot be negative
17. Q6 Regrassion analyses are used to determine cause and effect realationship
18. Q7 The probability of an event lies between -1 and +1
19. Q8 In Paasche’s price index numbers, the current year quantities are used-as weights
20. Q9 No insurance policy can be revived after it has lapsed
21. Q10 The paid up value is paid at the time of maturity of the policy
22. Q2 A) Calculate Do and Fy for tie following daia. Age in year 0-5 10-15 SUB: QUANTITATIVE METHODS TIME2:30HRS MARKS: 75 8 marks
    • P) Calculate Quartile Deviation for the following data: 8
    • Q) The difference between the highest and lowest value in a group of observations 15-The coefficient of range ts Find the highest and the lowest values
23. Q3 A) Find the coefficient of correlation between index of demand and index of index of
    • B) Find the regression of y on x given the following data = 30,y = 50,0, =4, Oy =5, Ty = 0.7 and also Estimate y when x = 37. (7)
    • P) If A and B are two events in a sample space S such that P(A) = 0.8, P(B) = 0.6 and
    • Q) Two dice are thrown simultaneously. What is the probability that the the sum of number thrown is b)9 c) Even. (7)
24. Q4 Find the index number using weighted average of relatives method for the
    • B) Mr. Nilesh Saluja wishes to take a life insurance policy of Rs. 1,00,000 with the rate of annua! at Rs. 52.30 per company allows a 3% reduction on the tabulated amount for yearly payment and Rs. | reduction per Rs 1,000 of the sum assured, in the tabulated premium if the sum assured is Rs. 25,000 or more. Calculate his annual premium. (7) /CD FYBBI SEM: I SUB: QUANTITATIVE METHODS MARKS: 75
    • P) Calculate Laspeye’s and Paasche’s index numbers for the year 1998 with the base from the following data. (8)
    • Q) annual premiums have been paid for a 25 year endowment policy of Rs 12,00,000, after which it is converted into a paid-up policy.Find its paid up value. (7) State the properties of Normal distribution. (8)
    • B) Explain the function of statistics and its limitations 7
    • P) Short notes (Any three) 15
25. Q1 Write down merits of median
26. Q2 Write down demerits of standard deviation
27. Q3 Explain probability of event and complementary of event
28. Q4 Uses of index numbers
29. Q5 Explain the terms i) bonus ii) lapse in insurance

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