Monday, July 25, 2016

IGNOU MCNE-071 Risk Management and Insurance June 2015 Question Paper

University Name: Indira Gandhi National Open University (IGNOU)
No. of Printed Pages : 2 MCNE-0711
MASTER OF BUSINESS ADMINISTRATION
00061 Term-End Examination
(MAFCI)
June, 2015
MCNE-071 : RISK MANAGEMENT AND INSURANCE
Time : 3 hours Maximum Marks : 100
Note : Attempt any five questions. All questions carry equal marks.
1. How is individual risk different from corporate risk ? Discuss how individual and corporate risks are managed. 20
2. In what ways has the insurance industry globalised ? What are the implications of globalisation of insurance ? 20
3. Explain the Accounting and Taxation aspect in insurance business in India. 20
4. What are the practical aspects of life insurance ? Explain with examples by taking some schemes of LIC. 20
5. What is underwriting ? Explain its relevance in insurance business by taking some suitable examples. 20
6. Differentiate between the following : 10+10
(i) Health Insurance and Marine Insurance
(ii) Insurance Pricing and Insurance Marketing
7. Write detailed notes on the following : 10+10
(i) Claim Management
(ii) Insurance Intermediaries
8. How is life insurance different from non-life insurance ? Explain with examples, the practices to be followed in case of non-life insurance. 20

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