B.Com In Banking & Insurance (BCBI) Sem II 2018 19 April 2018-19 PRINCIPLES PRACTICES OF BANKING INSURANCE Question Paper - Mumbai University | munotes

Questions asked in this paper

• (2) Figures to the right indicate full marks

1. Q1 (a) State whether the following statement are True or False (any eight) :— 8 marks
   • (i) Hypothecation is the mortgage of movable property
   • (ii) was incorporated in the year 1955
   • (iii) Term deposit is also called as current deposit
   • (iv) Bank can maintain CRR as per Section 18 of Banking Regulation Act
   • (v) Dynamic Risk generally benefit the individual
   • (vi) Life insurance is the contract of indemnity
   • (vii) Nomination can be changed by the policyholder without informing to nominee
   • (viii) One of the aims of LIC is to motivate saving habits among the public
   • (ix) Recurring deposit is also known as cumulative deposit account
   • (x) Speculative risk is a situation in which there is possibility of loss but also possibility
   • (b) Match the following (any seven) 7
2. Q9 i. Transfer of Rights & title
3. Q10 Assignment IRDA
4. Q2 (a) What are the main functions of bank ? 8 marks
   • (b) Explain the term EXIM Bank and different services provided by the EXIM Bank. 7
   • (c) Explain the Financial services provided by banks. 8
   • (d) Explain the different types of Credit Cards. 7
5. Q3 (a) Explain the different types of bank accounts. 8 marks
   • (b) Explain role and function of Reserve Bank of India. 7 What is licensing provision of Banking Companies ? What are the provisions in the act 8 for obtaining a License to start a bank ?
   • (d) Define Financial Inclusion and explain the scope of Financial Inclusion. 7 Paper Subject Code: 76303 Principles & Practices of Banking & Insurance
6. Q4 (a) What is Risk ? What are the different types of Risk in business ? 8 marks
   • (b) What are the basic Principles of Insurance. 7
   • (c) Explain the different methods of handling Risk. 8
   • (d) Differentiate between Saving Accounts and Current Accounts. 7
7. Q5 (a) Explain the duties and Obligations of Actuary. 8 marks
   • (b) Explain the important functions of LIC. 7
   • (c) Short note (any three) :— 15
   • (i) Plastic Card (ii)
   • (iv) IRDA
   • (v) Appointment of Actuary

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