~BY DIBYASHIS

7th Semester Regular Examination: 2022-23

SUBJECT: Banking & Insurance Management
BRANCH(S): IMBA
Time: 3 Hour
Max Marks: 100
Q.Code: L008

Answer Question No.1 (Part-1) which is compulsory, any eight from

Part-II and any two from Part-III.

Part-1

Q1 Answer the following questions: (2 x 10)

a) Define a small bank.

ANS.

b) What is ULIPS?
ANS.
c) What is the difference between NEFT and RTGS?
ANS.

d) Define pure risk.

ANS.

e) What is the purpose of Banking Ombudsman scheme?

ANS.

f) What is banking Fraud? Give an example of banking fraud.

ANS.

g) What is actuarial services in insurance?

ANS.

h) Why do banks insist individuals for producing KYC?

ANS.

i) What are the advantages of purchasing motor insurance?

ANS.

j) What is CAR?
ANS.

Part-II

Q2 Only Focused-Short Answer Type Questions- (Answer Any Eight

out of (6×8) Twelve)

a) What are the benefits of Bancassurance?

ANS.

b) Discuss the power and functions of IRDA

ANS.

c) Describe the role of state cooperative banks.

ANS.

d) Discuss the foreign exchange services of Banks.

ANS.

e) How does the RBI regulate the day to day functioning of

banks?
ANS.

f) Write a note on the anti money laundering.

ANS.

g) What are the objectives of SARFAESI Act?

ANS.

h) What risks the commercial banks are exposed to? Discuss

ANS.

i) Discuss the different types of insurance.

ANS.

j) Write down the claims settlement procedure for life

insurance.
ANS.

k) Write a note on Health insurance.

ANS.
l) Write a note on micro insurance.
ANS.

Part-III

Only Long Answer Type Questions (Answer Any Two out of Four)

Q3 What principles banks should follow to retain the trust

of the people in a financial system? Explain the same.
ANS.

Q4 Explain the deposit and loan products of a commercial

bank.
ANS.

Q5 What are the basic principles based on which the

insurance industry survives? Narrate them.
ANS.

Q6 What is risk management? What are the processes for

management of risks?
ANS.
~THE END~