Fundamentals of Insurance Question Paper 2022 [Dibrugarh University B.Com 5th Sem CBCS Pattern]

Fundamentals of Insurance Question Paper 2022

5 SEM TDC DSE COM (CBCS) 502 (GR-IV)

2022 (Nov/Dec)

COMMERCE (Discipline Specific Elective)

(For Honours/Non-Honours)

Paper: DSE-502 (Group-IV)

(Banking and Insurance)

(Fundamentals of Insurance)

Full Marks: 80

Pass Marks: 32

Time: 3 hours

The figures in the margin indicate full marks for the questions

1. (a) Fill in the blanks of the following:   1x4=4

(1) IRDA was formed on the recommendations of _______ Committee.

(2) _______ Section of the Insurance Act, 1938 grants power to IRDA to frame regulations.

(3) Insurance agents’ licence is valid for a period of _______ years.

(4) 55 Indian insurance companies and 52 other insurance companies were nationalized in the year _______.

(b) Write whether True or False of the following: 1x4=4

(1) The SBI Life Insurance is a public sector insurance company.

(2) The ‘principle of indemnity’ is applicable to general insurance.

(3) No person shall hold the office as a Chairperson of the IRDA after attaining the age of 60 years.

(4) The marine insurance is the oldest form of insurance.

2. Write short notes on the following (any four):                4x4=16

(a) Re-insurance.

(b) Insurance surveyor.

(c) Insurance as a tool of society security.

(d) Unfair practices by insurance agents.

(e) Moral hazard.

(f) Promotional schemes for insurance agents.

3. (a) Discuss about the history of insurance legislation in India.   14

Or

(b) Explain the importance of insurance to an individual and to the society.

4. (a) Discuss the functions of insurance intermediaries in Indian insurance industry.  14

Or

(b) Define insurance agent. Explain the code of conducts laid down for an insurance agent.  4+10=14

5. (a) Discuss the role of IRDA in controlling and regulating insurance business.    14

Or

(b) Explain the following:                                              7x2=14

(1) Tariff Advisory Committee.

(2) Investment of funds by insurance companies.

6. (a) Write a detailed note on insurance proposal form and other forms.   14

Or

(b) Explain the differences between life insurance and general insurance.

Also Read:

Fundamentals of Insurance Question Paper Dibrugarh University BCOM 5th SEM

- Fundamentals of Insurance Question Paper 2022

- Fundamentals of Insurance Question Paper 2023

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