B.Com. III (Semester (Old CGPA) Examination, 2018
ADVANCED INSURANCE (Paper II)
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 correct alternatives 14
is the oldest type of insurance.
Marine Insurance Crop Insurance
Fire Insurance Life Insurance
Re-Insurance is a contract between
Two insurance company Two persons
Policy holder and Government None of these
In case of motor insurance policy is compulsory.
Theft insurance Third party liability insurance
Fire insurance Marine insurance
Crop Insurance Scheme was started by Govt. of India in
rural farmers.
1990 1985 1995 2000
Floating policy, re-instalment valued policy, declaration policy are the types
of insurance.
Life Marine Fire Accident
General insurance corporation of India started Cattle Insurance from the year
1985 1958 1947 1974
In fire insurance according to the principle of utmost good faith the insurer
should disclose the
Material information Personal information
Social information Economic information
If policy holder insures the same risk with more than one insurance company
it is called as insurance.
Special Private Separate Double
The type of insurance that an employer can take for the benefits of all his
employees is called as
Public liability Group Third party Liability
10) present in fire insurance policy at the time of taking
insurance policy.
Indemnity Insurable interest
Fire Co-operation
11) Insurance Act was passed in the year 1991.
Crop Public liability Cattle Group
12) Which insurance provides compensation for loss due to accident fire
Fire insurance Cattle insurance
Fedelity insurance Crop insurance
13) is first step in the procedure of taking fire insurance policy.
Valuation of loss Information of fire
Selection of insurance company Payment of premium
14) After payment of first premium of fire insurance the receipt received from
the company is called as
Report Cover note Proposal Bonus
2. Write short notes 14
Crop insurance
Cattle insurance
3. Write short answer 14
Explain the procedure of taking fire insurance policy.
Explain motor insurance.
4. Explain the different types of fire insurance policy. 14
OR
State the conditions under Fire Insurance.
5. Explain importance and principles of Fire Insurance. 14
OR
Explain the scope and protection given under employers liability insurance.