Insurance Question Paper 2019 [Gauhati University BCom Question Papers]

In this post, we have shared the Gauhati University Insurance Question Paper 2019 (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 2019 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.

2019
Insurance

Full Marks: 80
Pass Marks: 24
Time: Three hours

The figures in the margin indicate full marks for the questions.
Answer either in English or in Assamese.

1. (a) State whether the following statements are true or false:
(1×3=3)
(i) Contract of indemnity is applicable for life insurance.
(ii) Premium cannot be received by promissory note.
(iii) Marine insurance covers the risk on the road.

(b) Fill in the blanks:
(1×4=4)
(i) Life Insurance Corporation of India was established in the year ______.
(ii) The General Insurance business was nationalized in the year ______.
(iii) When the right of a life insurance policy is endorsed to another person, it is called ______.
(iv) The question of third-party administration (TPA) arises in respect of ______ insurance.

(c) Select the correct answer:
(1×3=3)
(i) Which of the following is not an asset for the purpose of insurance?
(a) Car
(b) Human life
(c) House
(d) Air

(ii) The evidence of a life insurance contract is:
(a) Prospectus
(b) Policy document
(c) Proposal form
(d) Claim form

(iii) Who is termed as the national re-insurer?
(a) The General Insurance Corporation of India
(b) The National Insurance Company Ltd.
(c) The Oriental Insurance Company Ltd.
(d) United India Insurance Company Ltd.

2. Answer the following questions briefly:
(2×5=10)
(a) What is insurance?
(b) What is surrender value?
(c) What is double insurance?
(d) Who is an insurance agent?
(e) Write two names of private insurance companies operating in India.

3. Write short notes on any four of the following:
(5×4=20)
(a) Termination of an insurance agent
(b) Importance of insurance
(c) Kinds of insurance
(d) Motor vehicle insurance
(e) Insurance Ombudsman
(f) Nomination and Assignment

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

Or

Discuss the fundamental principles of insurance.

5. State the procedures for taking a life insurance policy.
(10)

Or

State the different kinds of life insurance policies.

6. State the organizational pattern of the General Insurance Corporation of India.
(10)

Or

Describe the different kinds of marine insurance policies.

7. Discuss the procedures for becoming an insurance agent.
(10)

Or

State the functions and rights of an insurance agent.
(5+5=10)

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