B.Com. I (Semester II) (CBCS) Examination, 2018
insurance
Day and Date Saturday, 8-12-2018 Max. Marks 70
Time 10.30 a.m. to 1.00 p.m.
N. B. All questions are compulsory.
Figures to the right indicate full marks.
1. Choose the correct alternatives and rewrite the sentence 14
is a contract of indemnity.
Marine and Fire Insurance Marine Insurance
Life Insurance Fire Insurance
policy is designed to give cover of insurance to the properties
situated at different location in the same town.
Floating policy Ordinary policy
Valued policy Declaration policy
policy covers both time factor and voyage factor.
Mixed policy Time policy Voyage policy Life policy
The central Govt. opened Insurance to private sector in the
year.
2000 1999 1991 1998
The Insurance Regulatory and Development Act was passed in the year

1999 1993 1956 1963
Fire Insurance provides compensation for loss due to
Accidental fire Productive fire
Chemical process Volcano
Marine Insurance Act was passed in year.
1963 1956 1938 1999
Loss due to Jettison is compensated under
Marine Insurance Fire Insurance
Life Insurance Accident Insurance
The Head Office of Insurance Regulatory and Development Authority is
situated at
Hyderabad Mumbai Delhi Chennai
10) First step of taking Fire Insurance is
Payment of Insurance premium To fill proposal form
Survey of the property Selection of Insurance company
11) Burglary Insurance is important type of insurance.
Fire Marine Time Accident
12) Crop Insurance Scheme was started by the Govt. of India in the year
1984 1986 1987 1985
13) According to Motor Vehicles Act, 1939, every motor owner has to take
Insurance.
Vehicle Goods
Accessories Third party liability
14) is the oldest type of Insurance.
Life Insurance Fire Insurance
Accident Insurance Marine Insurance
2. Write short notes
Fidelity Guarantee Insurance. 7
Importance of Marine Insurance. 7
3. Write short answers
Cattle Insurance. 7
Characteristics of Fire Insurance. 7
4. Explain the various types of Marine Insurance Policy. 14
OR
Explain the functions of Insurance Regulatory and Development Authority. 14
5. Explain the procedure of settlement of claim of Fire Insurance Policy. 14
OR
Explain the merits and demerits of foreign direct investment in
Insurance sector. 14