B.Com In Banking & Insurance (BCBI) Sem II 2022 2023 Apr 2023 I PRINCIPLES AND BANKING AND INSURANCE Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 Figures to right indicate full marks
   • A) State whether the following statements are TRUE OR FALSE: (Any 8) 8
2. Q1 Unit trust of India is a first mutual fund started in 1964
3. Q2 Obtaining credit card is easier than obtaining debit card
4. Q3 A customer is a person who has a account with the bank
5. Q4 Automatic teller machine are needed for bank for money transfer
6. Q5 ICICI was incorporated in the year 1955
7. Q6 Life insurance isa contract of indemnity
8. Q7 Marine losses are classified into total loss and partial loss
9. Q8 General insurance was nationalized in 1981
10. Q9 PIN means personal identification no
11. Q10 Smart cards are an old generation cards Match the pairs (Any 7) (7)
12. Q2 A) What is banking? What are its features? 8 marks
    • B) Explain plastic cards with types 7
    • C) What is Stheduled bank? 8
    • D) What is Central Bank? What are the main functions of the central Bar k of a Country? VCD FYBBI SEM II Principles and Practices of Banking and Insurance 2 % HRS 7
13. Q3 A) Explain the types of Bank Accounts 8 marks
    • B) Explain Financial Literacy 7
    • C) Difference between Savings Account and Current Account 8
    • D) Explain Business Risk 7
14. Q4 A) Difference between Life Insurance and Fire Insurance 8 marks
    • B) What are various Socia! Security Insurance Scheme 7
    • C) What is Insurance and explain Nature of Insurance 8
    • D)What is the need of Insurance 7
15. Q5 A) What are different forms of Insurance Organization 8 marks
    • B) Role of Actuaries in Insurance 7
16. Q5 Write short notes on: (Any 3) 15 marks
    • B) IRDA Act, 1999
    • C) Fixed deposits
    • E) Development bank

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