B.Com In Banking & Insurance (BCBI) Sem II 2021 2022 2022 PRINCIPLES AND PRACTICES OF BANKING AND INSURANC Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Multiple choice Questions 40 marks
   • 2. Marine policy is also called as policy
   • 3. Life insurance act as protection as well as
   • 4. Cattle insurance is a type of insurance is the consideration paid by the insured to insurance company
   • 6. committee was formed to reform insurance sector
   • 7. New India Assurance Co. Ltd. Was incorporated in
   • 8. means right and title of policy gets transfer from one person to another person
   • 9. If insurance is taken with two independent insurers for the same risk, is called as
   • 10. After the payment of premium, the policy document is issued
   • 11. NABARD was established in the year
   • 12. Overdraft is allowed for
   • 13. Banking Regulation
   • 14. General Insurance was nationalized in the year
   • 15. The principle of warranties applies to an insurance contract
   • b. Medical d. Life
   • 16. Immovable property used for the purpose of securing the loan is called
   • 17. Banking is essentially a business dealing with
   • 18. The scheduled bank are included in schedule of Act
   • 19. RBI was established in
   • 20. are Plastic cards that allows us to buy goods on credit
   • a. debit Credit cards c. rupay debit Cards d. Debit and credit cards
2. Q2 Attempt any
   • A. What are debit cards. Explain its types
   • B. Explain the role and function of RBI
   • C. What are different types of loan and advances
3. Q3 Attempt any One 7 marks
   • A. Explain the types of bank accounts
   • C. Define financial inclusion and write the importance to financial inclusions
4. Q4 Attempt any One 7 marks
   • A. Explain life Insurance and its Types
   • B. Explain steps in Risk Management
   • C. Discuss Difference between Fire Insurance and Marine Insurance
5. Q5 Attempt any One List the role of the actuary in insurance
   • B. Insurance players in India
   • C. Discuss Marine Insurance Act 1938
6. Q6 Short Notes (Any 2) 7 marks
   • A. Reinsurance
   • B. Actuary Note on Loan Syndication
   • E. Non life insurance and its types

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