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Banking & Insurance348 Xid-3507227 1

This document appears to be an exam for a banking and insurance course. It contains 5 questions assessing students' knowledge of key concepts: 1) Short answer questions testing knowledge of the State Bank of India establishment year, MICR code components, and cheque clearing process. 2) Identification of banking and insurance abbreviations. 3) Differentiation of life and general insurance with examples, explanation of letter of credit process, and definition of "moral hazard." 4) Explanation of scheduled commercial banks and their types with examples. 5) Long answer question comparing investment-linked insurance plans like ULIP to pure protection plans like term insurance and stating the opinion on mixing insurance and investment with justification

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Karishma Parakh
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31 views

Banking & Insurance348 Xid-3507227 1

This document appears to be an exam for a banking and insurance course. It contains 5 questions assessing students' knowledge of key concepts: 1) Short answer questions testing knowledge of the State Bank of India establishment year, MICR code components, and cheque clearing process. 2) Identification of banking and insurance abbreviations. 3) Differentiation of life and general insurance with examples, explanation of letter of credit process, and definition of "moral hazard." 4) Explanation of scheduled commercial banks and their types with examples. 5) Long answer question comparing investment-linked insurance plans like ULIP to pure protection plans like term insurance and stating the opinion on mixing insurance and investment with justification

Uploaded by

Karishma Parakh
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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m@LS

SVKM'S NMIMS 8i' R. M. DEB

i/
ProgramB.B.A.in.Irnce
ANIL SURENDRA MODI SCHOOL OF COMMERCE
AcademicYear: 2017-18 -

Year: 11
|LIBRARYJjfe
11

Semester: Ill
Subject: Banking & Insurance Batch: 2016-19
Date : 15/11/2017 Timeo1.00 pin to 03.00 pin (2 Hrs.)
Marks: 60 No. of pages: ®'
FINAL EXAMINATION

Q1) Answer the following. (All Compulsory) (2 mark each)

A) SBI was constituted by renaming the Imperial Bank of India in the year ...................
a) The first three digits out of the nine digits of the MICR Code represent ..................
C) Mr. Raj being the drawer issued a cheque drawn on Yes Bank, Mumbai (Seawoods Branch) to
Miss Lucy on Monday. Miss Lucy deposited this cheque in Yes Bank, Mumbai (Marine Lines
Branch) on the next day and got a "clea.ring" acknowledgement. Wednesday is a bank holiday.
When can Miss Lucy expect the funds in her account?

Q2) Expand the following abbreviations. (All compulsory) (1 mark each)

Q3) Answer the Following. (All Compulsory) (5 marks each)

A) Differentiate between Life and General Insurance. Provide at least 4 examples for each.
a) Letter of Credit is the most trusted system of international payment. Explain and state the
process and system of working of a L/C.
C) What does the term `'Moral Hazard" mean? Illustrate with an example.
D) What is a scheduled commercial bank? Explain its types in brief with examples.

Q4) Answer in Detail. (All Compulsory) (10 marks each)

A) State any five principles of insurance . Explain with the help of examples.
8) Write a note on NRE and NRO account, .also explain Sec 138.

Q5) Answer the following. (Compulsory) (10 Marks)

An average Indian citizen looks for "Something in Return" when it comes to the Life Insurance

products. This behavior has encouraged the products that mix insurance and investment. The debate
whether insurance and investment needs to be mixed is never ending. It is a battle between products
like ULIP and those like Term Plans.

You are required to comment on the above paragraph and state your opinion with justification.

)/I

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