Insurance Question Paper 2015 [Gauhati University BCom Question Papers]

In this post, we have shared the Gauhati University Insurance Question Paper 2015 (Non-CBCS Pattern). This question paper is highly beneficial for FYUGP NEP 4th Semester students of Finance Major. It is particularly relevant for students pursuing Finance Major, as the syllabus for both Non-CBCS and NEP patterns shares significant similarities.

We strongly recommend studying this Gauhati University FYUGP NEP B.Com 4th Semester Insurance question paper from 2015 Finance Major thoroughly to enhance your preparation for the FYUGP NEP 4th Semester Honours Course. This previous year’s CBCS question paper will serve as a valuable resource for mastering the core topics under the FYUGP NEP 4th-semester syllabus.

2015

Insurance

Full Marks: 80

Time: 3 hours

(The figures in the margin indicate full marks for the questions)

1. (A) State whether the following statements are true or false:                  1x3=3

1)     There are only two types of General Insurance. i.e. fire and marine.

2)     Marine insurance covers risk in the air.

3)     Insurance in India is governed by the Banking Regulation Act, 1949.

(B) Fill in the blanks:                                                       1x4=4

1)     In India suicide is not considered as _______.

2)     The principle of subrogation arises from the principle of _______.

3)     In life insurance, insurable interest must prevail at the time of _______ a policy.

(C) Select the most appropriate option:                             1x4=4

1)     What is life insurance?

a)     Protection.

b)     Investment.

c)      Both (a) and (b).

d)     None of these.

2)     Fire insurance policy period is usually for

a)     One year.

b)     Two years.

c)      Five years.

d)     Ten years.

3)     Insurance Regulatory and Development Act was passed in the year

a)     1998.

b)     1999.

c)      2001.

d)     2002.

4)     General Insurance Corporation of India now carry which one of the following business?

a)     Reinsurance.

b)     Life Insurance.

c)      Miscellaneous insurance.

d)     General insurance.

2. Write brief answer to the following:                                       2x5=10

a)     Principle of utmost good faith.

b)     Surrender value.

c)      Third party policy.

d)     Bank assurance.

e)     Burglary insurance.

3. Write short notes on any four of the following:                          5x4=20

a)     Write down the importance of insurance.

b)     Give five features of life insurance.

c)      Distinguish between reinsurance and double insurance.

d)     Distinguish between nomination and assignment.

e)     What is a average policy in connection with fire insurance?

f)      When can an insurance agent be terminated?

g)     Name five private sector general insurance companies operating in India.

4. Discuss the origin and development of insurance in India.               10

Or

Describe briefly the objectives and advantages of Insurance.             10

5. What are the different types of life insurance policies? Describe in brief.          10

Or

Describe the procedure of settlement of life insurance claim.                       10

6. What is fire insurance policy? What is the procedure of taking a fire insurance policy?  4+6=10

Or

What do you mean by warrant in a marine insurance? Describe the important warranties in marine insurance. 4+6=10

7. Write note on objectives and organization structure of the Life Insurance Corporation of India.  10

Or

Who can be appointed as an insurance agent? What are his functions?           4+6=10

-000-