B.Com In Banking & Insurance (BCBI) Sem IV 2018 19 April 2018-19 FC Question Paper - Mumbai University | munotes

Questions asked in this paper

• Please check whether you have got the right question paper

1. Q2 Figures to right indicate full marks
2. Q1 the correct answers from the following (any eight) 8 marks
3. Q1 All of the following are characteristics of variable life except:
   • b) Cash value is not guaranteed
   • c) Policy owner selects where saving reserve is invested
   • d) Minimum death benefit is guaranteed
4. Q2 Which is not a premium break-up of unit linked policies?
   • a) Expenses
   • b) Finance
   • c) Mortality
   • d) Investment
5. Q3 From the below given age proof documents, identify the one which is classified a non-standard by insurance companies
   • a) Short certificate
   • b) Identify card in case of defense personnel
   • c) Ration card
   • d) Certificate of baptism
6. Q4 Which among the following is a limitation of tradition life insurance
   • a) Yields on these policies is high
   • b) Clear and visible method of arriving at surrender value
   • c) Well detained cash and saving value component
   • d) Rate of return is not easy to ascertain
   • Q.P.Code: 52586 Page Paper Subject Code: 77902 F.C.(An Overview of Insurance Sector) IV
7. Q5 Who among the following is most likely to buy variable life insurance?
   • b) People who are risk averse and do not dabble in equity
   • c) Knowledgeable people comfortable with equity
   • d) Young people in general
8. Q6 Which of the below is not a valid address proof?
   • a) PAN card
   • c) Bank passbook
   • d) Driving license
9. Q7 Which of the following documents is an evidence of the contract between insurer and insured?
   • a) Proposal form
   • b) Policy document
   • c) Prospectus
   • d) Claim form
10. Q8 Which one is section 2 of SBI’s simple home insurance?
    • a) Burglary and theft
    • b) Fire
    • c) Public liability
11. Q9 Which is the special type of vehicle?
    • a) Honda city
    • c). Publicity van
    • Q.P.Code: 52586 Page 2 of 4 Paper Subject Code: 77902 F.C.(An Overview of Insurance Sector) IV 10.Which insurance contribute largest part in non-life insurance?
    • a) Health insurance
    • b) Motor insurance
    • c) Fire insurance
    • B) State whether following statements are True or False (any Seven)
12. Q1 Premium amount decreases with the term of coverage
13. Q2 Smart money back uses are a participating traditional life insurance
14. Q3 Premium remains same level throughout the term
15. Q4 Endowment assurance has both a death benefit as well as a survival
16. Q5 Endowment assurance is similar to a term plan
17. Q6 The first premium receipt is the evidence that the policy contract has
18. Q7 ULIPs are opaque with regards to their term, expenses and savings
19. Q8 Value of the units is determined by a formula fined in advance
20. Q9 Flexible premium payments characteristics of variable life insurance 10.The premium quote is evidence that the policy contract has begun
    • A) Explain briefly about Unit Linked Insurance. 08
    • B) Define whole life insurance. What are the benefits of whole life
    • C) Define insurance. What are the advantages of life insurance? 08
    • D) Describe different riders in life insurance product 07
21. Q3 A) What is the difference between life insurance and health insurance? 8 marks
    • B) Briefly explain senior citizen health insurance in India. 07
    • Q.P.Code: 52586 Page 3 of 4 Paper Subject Code: 77902 F.C.(An Overview of Insurance Sector) IV
    • C) What is general insurance? Explain the essentials of general insurance
    • D) Explain what is cashless insurance? Explain the procedure for cashless
    • A) Define cargo insurance and explain its importance. 08
    • B) What are the factors affecting motor insurance premium? 07
    • C) Explain the classification of vehicle under motor insurance. 08
    • D) Explain the home insurance policy of SBI general insurance Itd. 07
22. Q5 A) What is home insurance? What are the features of home insurance? 8 marks
    • B) Define fire insurance. Explain general rules and regulations of fire Write short notes (any three) 15
23. Q1 Micro insurance
24. Q2 Add-on covers policy’s
25. Q3 Particular risk
26. Q4 Floating policy
27. Q5 Fundamental risk
    • Q.P.Code: 52586 Page 4

Read from the scan above, so a character or two may differ. The scan is the original.