B.Com In Banking & Insurance (BCBI) Sem II 2017 18 Oct 2017-18 PRIN. PRACTICE OF BANKING INSURANCE Question Paper - Mumbai University | munotes

Questions asked in this paper

• (2) Figures to the right indicate full marks

1. Q1 (a) Fill in the Blanks (any eight) :— 8 marks
   • (i) Banking is essentially a business dealing
2. Q1 Goods
3. Q2 Money
4. Q3 Electronic
   • (ii) Hypothecation is the mortgage of property for securing loan
5. Q1 Movable
6. Q2 Immovable
7. Q3 Land and building
   • (iii) NABARD was established in the year
   • (iv) SBI was nationalized in the provides licence for all banks by the Reserve Bank of India
8. Q1 Section 23
9. Q3 Section 35
   • (vi) General. Insurance was nationalized in the
   • (vii) Marine policy is also called
10. Q1 Sea policy
11. Q2 Floating policy
12. Q3 Valued policy
    • (viii) with the financial impact of risk and uncertainty
13. Q1 Rider
14. Q2 Risk Manager
15. Q3 Actuary are also called as fixed deposits and are repayable after the expiry of
16. Q1 Term deposit
17. Q2 Demand deposit
18. Q3 Saving deposit
    • (x) Minimum period of fixed deposit
    • (b) State whether the following statements are True or False :— (any seven) 7
    • (i) Nomination can be cancelled by the policyholder without informing to the nominee
    • (ii) The Reserve Bank of India has the righth of issuing all denominations of currency
    • (iii) If the property is insured with two or more independent insurers it is called
    • (iv) The principle of subrogation is applicable to life insurance
    • (v) Insurance is a co-operative device
    • (vi) Shifting of risk is one of the methods for handling risk
    • (vii) Micro finance is financial service of large quantity provided by financial institution to the poor
    • (viii) IDBI was established in the year 1964
    • (ix) Obtaining credit card is easier than obtaining debit card
    • (x) Unit Trust of India is first mutual fund started in India in 1964
19. Q2 (a) Define Banking. Explain the need of banks. 8 marks
    • (b) Explain in brief main functions of banks. 7
    • (c) Explain the reasons for regulation of banks. 8
    • (d) Distinguish between Public Sector and Private Sector Banks. 7
20. Q3 (a) What are the privileges enjoyed by the Current Account Holder ? 8 marks
    • (b) Define Financial Inclusion. Explain the scope of Financial Inclusion. 7
    • (c) What is licensing of banking company ? Explain the provision in the Act for obtaining 8 a license to start a bank
    • (d) Explain the role and functions of Reserve Bank of India. 7
21. Q4 (a) What is Risk ? Discuss the various methods of handling Risk. 8 marks
    • (b) Discuss the classification of Life Insurance Policy. 7
    • (c) Explain in brief basic Principles of Insurance. 8
    • (d) Discuss in brief the various Social Security Insurance Schemes. 7
22. Q5 (a) Explain the claim settlement procedure under Fire Insurance Policy. 8 marks
    • (b) Define Actuary. Explain the role of Actuaries in insurance. 7
    • (c) Write short notes on following (any three) :— 15
    • (i) Debit cards (iv) Inspection of banking company
    • (ii) Power of IRDA (v) E-banking

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