Banking and Insurance Question Paper 2022 [Assam University B.COM 6th Sem CBCS Pattern]

Banking and Insurance Question Paper 2022 
[Assam University B.COM. 6th Sem CBCS Pattern]

COMMERCE (6th Semester)

Course No: COMDSE-601T

Full Marks: 70

Pass Marks: 28

Time: 3 hours

The figures in the margin indicate full marks for the questions

Candidates have to answer either Option – A or Option - B

OPTION – A

Course No.: COMDSE-601T (A)

(Banking and Insurance)

SECTION – A

Answer any twenty of the following as directed:               1 x 20 = 20

1. Who is a minor?

2. What is meant by scheduled bank?

3. In which year nationalization of Indian Commercial Banks took place?

4. Which bank was merged with Oriental Bank of Commerce and United Bank of India to become country’s second largest bank?

5. The full form of IBRD is _______. [Fill in the blank]

6. Define cheque.

7. Who may endorse a negotiable instrument?

8. Write the concept of negligence in relation to payment of a cheque.

9. _______ cheque is payable in cash across the counter of a bank to any payee who present it for payment. [Fill in the blank]

10. A cheque is _______ on the death of payee. [Fill in the blank]

11. What is meant by hypothecation?

12. Give two examples of collateral security.

13. What do you mean by secured advances?

14. _______ is an advance given by bank to its customers. [Fill in the blank]

15. The party who pledges goods is called _______. [Fill in the blank]

16. What is meant by home banking?

17. Write the full form of RTGS.

18. _______ banking refers to use of Smartphone or other cellular device to perform online banking services. [Fill in the blank]

19. The full form of POS is _______. [Fill in the blank]

20. What is meant by insurable interest?

21. Define the term ‘risk’.

22. What is meant by marine insurance?

23. The Act governing insurance sector is _______. [Fill in the blank]

24. _______ risk refers to the risk inherent to the entire market. [Fill in the blank]

25. What do you mean by digital cash?

SECTION – B

Answer any five of the following questions:        2 x 5 = 10

26. Write two differences between savings deposit and current deposit.

27. Write two functions of EXIM Bank of India.

28. Differentiate between general crossing and special crossing.

29. State two features of cheque.

30. Differentiate between cash credit and overdraft.

31. Mention two differences between hypothecation and mortgage.

32. Mention two points how Internet banking differs from traditional banking.

33. Write a short note on smart card.

34. Differentiate between Reinsurance and Double insurance.

35. Name some types of Life Insurance Policies.

SECTION – C

Answer any five of the following questions:        8 x 5 = 40

36. Explain the relationship between Bankers and Customers.       8

37. Discuss the various financial services offered by banks.            8

38. Explain the rights and privileges of a holder in due course.      8

39. What do you mean by crossing of cheque? Write the advantages and disadvantages of a crossed cheque.    2+3+3=8

40. Discuss the various forms of advances by banks.          8

41. Discuss the role of Reserve Bank of India (RBI) in regulating the lending activities of Banking Companies. Also write the powers of RBI with regard to bank advances.      4+4=8

42. Discuss the various modes of E-payment in India.        8

43. What is ATM? Discuss the services provided by ATMs.           2+6=8

44. Define insurance. Explain the importance of insurance.          2+6=8

45. Discuss the basic principles of insurance.         8

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