Sunday, October 4, 2015

BASICS OF BANKING AND INSURANCE Calicut University 2012 Question Paper

University : Calicut University Question Papers
Course: B.Com
Semester: 5, Fifth, V
Year of the question paper: October 2012
Subject Code: BC 5B 09
Subject: BASICS OF BANKING AND INSURANCE

Calicut University
D 30532 Name…………………………
Reg. No……………………..
FIFTH SEMESTER B.Com DEGREE EXAMINATION OCTOBER 2012
BC 5B 09 – BASICS OF BANKING AND INSURANCE
Time: Three Hours Maximum: 30 weightage
Answer all Questions:
1. The rate at which RBI rediscounts the bills of commercial banks is called as:
(a) Bank rate (b) Prime lending rate
(c)Repo rate (d) BPLR
2. One of the most important functions of a ………..bank is the issue of currency notes.
(a) Apex (b) central
(c) World (d) regional
3. Life insurance provides a sum of money is called ………………upon the death of insured person in  return for small period payments called Premium.
(a) Salvage value (b) Premium
(b) Policy amount (d) Death benefit
4. A specialist in the mathematics of insurance who calculates, rates, reserves, dividends, and other
Statistics is called.
(a) Insured (c) Actuary
(b) Agent (d) Insured
FIIL IN THE BLANK:
5. …………..is the method of controlling and regulating the purposes for which credit is granted by
commercial bank.
6. …………..is implies persuasions and request made by the central bank to commercial bank to
follow the general monitory policy laid down by the former.
7. …………. Act as the banker to the central and state government in the country.
8. The price for risk undertaken by the insurer is called ……………
(4*1/4=1weightage)
STATE WHETHER THE FOLLWONG ARE TRUE OR FALSE
9. The insurance policy is formal and enforceable stamped document signed and issued by the insurance company embodying the terms of the contract between the parties
10. Where the contract is to insure the subject matter ‘at and from’ or from one place to another or
other is called a time policy.
11. The person who affect insurance, or issue instructions for affecting it, must have an insurable
interest in the subject matter
12. Term deposits are those deposits which are kept for specified fixed period with a bank and are
not payable on demand.
(4*1/4=1weightage)
PART B
Answer all nine questions in one or two sentences each.
13. Define insurance?
14. Bring out the meaning of utmost good faith?
15. What do you mean by insurable interest?
16. What do you understand by secured loan?
17. What is bank over draft?
18. What do you mean by doctrine of subrogation?
19. What is fire insurance?
20. What do you understand by surrender value?
21. What are two important tools of thought regarding the principle of note issue by central bank?
(9*9=9 weightage)
PART C
Answer any five
22. Distingush between fire insurance and life insurance?
23.”central bank is the lender of the last resort”. Discuss
24. Write a short note on innovations in customer services in banks?
25. What are the fundamental principles of insurance?
26. To which point should a banker pay attention while opening an account in the name of  Partnership firm?
27. Who are the different types of bank customers?
28. Describe the main kinds of insurance and examine briefly the nature of risks protected by each kind of insurance.
(5*2=10 weightage)
Part D
Answer any two
29. Discuss the essential features of fire insurance contract?
30. Discuss the role of banks in the economic growth of a country?
31. Briefly discuss the function of reserve bank of India?
(2*4=8 weightage)
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