Principles And Practices Of Banking & Insurance

1. JOSEPH’S COLLEGE OF COMMERCE (AUTONOMOUS)

END SEMESTER EXAMINATION – OCTOBER 2014

B.COM  (Travel & Tourism) -V SEMESTER

 PRINCIPLES AND PRACTICES OF BANKING & INSURANCE
Duration: 3 Hours                                                                                       Max. Marks: 100

SECTION – A

1. Answer ALL the questions. Each carries 2 marks.                                    (10 x 2 =20)

 

1. What are derivative deposits?
2. Give the meaning of a central bank?
3. What is bank rate?
4. What are E- cheques?
5. What do you mean by banker’s general lien?
6. Give the meaning of the term Non – Performing Assets
7. Give the meaning and an example of a business peril.
8. What are scheduled banks?
9. Give the meaning of Bank assurance.
10. List two eligibility to register as an agent.

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SECTION – B

1. Answer any FOUR Each carries 5 marks.                                    (4×5=20)
2. Give an analytical note on the functions of a commercial bank.
3. Write short notes on:
   1. RTGS
   2. Electronic money
   3. Mobile banking
   4. “Central Bank is a Banker’s Bank” Explain
      14. Explain about Travel Insurance and Types of travel insurance coverage.
   5. Elaborate the types of life insurance policies available for an insured.
   6. Write a detailed note on types of non-life insurance policies.

 

SECTION – C

 

III)      Answer any THREE questions.    Each carries 15 marks.                     (3×15=45)

17. Explain paying banker and duties and responsibilities of the paying banker.
18. Explain the essential characteristics of Negotiable Instruments. Explain the types of negotiable instruments in detail.
    19. What is crossing of a cheque? Illustrate the different types of crossing a cheque?    Mention the significance of each type of crossing.
    20. Explain the principles of insurance giving examples.
    21. Write in detail about the types of risks, giving examples of each type.

 

SECTION – D

1. IV) Case study- Compulsory questions.                   (15 marks)

 

22. 
    Miss L’s car was stolen from the driveway of her home while she was inside the house. She neither saw nor heard the theft. When she put in a claim to the firm, it asked her to send it her car keys. However, she was only able to produce the spare ignition key.Taking this as evidence that the key had been in (or on) the car when it was stolen, the firm rejected Miss L’s claim. It said that by failing to “exercise reasonable care in safeguarding her car” she had breached a general condition of her policy.Miss L objected to this. She said that the key had definitely not been in the car when it was stolen. She had lost the key a month earlier and had been using the spare. She was adamant that she had not been “careless“, as the firm had suggested.

 

Questions:

1. a) What according to you should the court decide in this case? Justify your answer discussing all the possibilities.
2. b) Elaborate the insurance principle applied in this situation.