Compulsory Questions

1) Explain the foll concepts: a) Actuary b) Underwriting c) Policy Owner Services d) Claim Administration e) Marketing f) Investment g) Agents h) Insurance Brokers i) Insurance Consultants j) Banking Outlets

Insurance
2) Explain the foll fundamental Principles of Insurance a) Principle of Utmost Good Faith b) Principle of Indemnity c) Principle of Subrogation d) Principle of Contrubution e) Principle of Proximity Cause f) Principle of Insurable Interest 3) Explain the steps in process of new product creation? 4) Critically analyse the current regulatory environment applicable to insurance? Or Write Short Notes on: a) IRDA Act, 1999 b) Consumer Protection Act, 1986 c) LIC Act, 1956 d) Income-Tax Act, 1961 5) Explain different types of Life Insurance in India? 6) Explain the foll aspects of Insurance: a) Surrender Value b) Options c) Guarantees d) Premium 7) What factors are considered while calculating the premium to be charged to the customers? 8) From foll information calculate the Insurance Premium? 9) Write notes on: a) Maturity Claims e) Death Claims

Banking
1) What are Commercial Banks? Explain the banking functions of Indian Commercial Banks? 2) Explain in detail the Non-Banking functions of Indian Commercial Banks? 3) With the help of an example- the assets and liabilities of Indian Commercial Banks? 4) Explain the factors determining liquidity of Indian Commercial Banks? 5) Explain the factors determining profitability of Indian Commercial Banks? 6) Write a note on how Indian Commercial Banks trade-off between liquidity & profitability? 7) Write a note on the structure of Banking System in India? 8) Explain the Phase I of Banking Sector Reforms in India? 9) Explain the Phase II of Banking Sector Reforms in India? 10) Write Short Notes on: a) Performance of Indian Commercial Banks b) Performance of Public Sector Banks c) Performance of Pvt. Sector Banks d) Performance of Foreign Banks e) New technology in banking 11) Explain the foll concepts in Banking a) Overdrafts b) Demand Loans c) Term Loans d) CC Advances e) Bill Finance f) Packing Credit g) Guarantees h) Mortgages i) Valuation of Plant & Machinery j) Project Appraisal 12) What are the considerations for a bank before making or recommending advances?