B.Com In Banking & Insurance (BCBI) Sem II 2017 18 April 2017-18 PRIN. 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.) Match the Column:-(Any 8 out of 10) State the following statements True or False:-(Any 7 out of 10) 7 Marks 8 marks
   • i. Obtaining credit card is easier than obtaining debit card
   • ii. ICICI was incorporated in the year 1955 uli. Micro finance is financial service of large quantity provide by financial institutions to the
   • iv. Shifting of risk is one of the methods for handling risk
   • v. The principle of subrogation is applicable to life insurance
   • vi. Life insurance is a contract of indemnity
   • vii. Marine losses are classified into total loss and partial loss vill. RBI is also playing a role to regulate insurance sector
   • ix. — Personal accident insurance will be categorized under life insurance
   • x. A firm with debt financing has no financial risk What is a Bank? What is the need for Bank? 8 Marks
2. Q2 b.) What are the scopes for banking? 7 marks
3. Q2 c.) Distinguish between public and private sector banks. Explain the functions of commercial banks. 7 Marks 8 marks
4. Q3 a.) Explain the types of bank accounts. 8 marks
5. Q3 b.) Differentiate saving account and current account. 7 marks
   • Q.P. Code: 35132
6. Q3 c.) Explain the role and functions of RBI over banking companies. 8 marks
7. Q3 d.) What is licensing of banking companies? What are provisions in the act for obtaining a license to start a bank? 7 Marks
8. Q4 a.) What is risk? What are different types of risk in business? 8 marks
9. Q4 b.) Differentiate risk and uncertainty with examples. 7 marks
10. Q4 c.) What are the classifications of Life Insurance Policy? 8 marks
11. Q4 d.) What are the basic principles of insurance? 7 marks
12. Q5 a.) What is IRDA? What are the objectives of IRDA? 8 marks
13. Q5 b.) Explain the claim and settlement procedure in insurance business ? 7 marks
14. Q5 ) Write Short Notes on: - (Any 3) 15 marks
    • a. Marine Insurance
    • b. Risk management
    • c. Financial Literacy
    • d. Loan Syndication
    • e. EXIM bank

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