Exam Details
| Subject | Risk Management And Insurance | |
| Paper | ||
| Exam / Course | MASTERS OF BUSINESS ADMINISTRATION (MANAGEMENT ACCOUNTING AND FINANCE) (MBA MAFCI) | |
| Department | Centre for Corporate Education, Training & Consultancy (CCETC) | |
| Organization | indira gandhi national open university | |
| Position | ||
| Exam Date | December, 2016 | |
| City, State | new delhi, |
Question Paper
No. of Printed Pages 2 IMCNE-0711
MASTER OF BUSINESS ADMINISTRATION
(MBAMAFCD
Term-End Examination
00052
December, 2016
MCNE-071 RiSk MANAGEMENT AND INSURANCE
Time hours Maximum Marks: 100
Note: Attempt any five questions. All questions carry equal marks.
1. Explain the following principles of insurance with suitable examples: 4x5=20
Principle of Subrogation
Principle of Loss Minimisation
Principle of Causa Proxima
Principle of Uberrimae Fidei
2. What purpose does marine insurance serve Explain the different types of marine policies, which may be of use to the exporters and importers.
3. "The Insurance Act, 1938 can be called as the pioneer in insurance business." Explain.
Briefly discuss the functions and powers of IRDA. 10+10=20
4. Explain the different types of risks with their examples. Briefly state the types of risks which are covered by
Motor vehicles insurance
Fidelity insurance 20
5. What do you mean by "Assignment of Policy" Indicate the manner in which a marine policy can be assigned. 20
6. Explain the underwriting process in case of Life Insurance.
How are the maturity and death claims settled by the Life Insurance companies 10+10=20
7. What would be the status of the claim if the vehicle were covered under liability policy?
What is the claim settlement procedure followed for a fire insurance policy? 10+10=20
8. Write short notes on any four of the following: 4x5=20
Insurance Pricing
Reinsurance
Rural Insurance
Underwriting
Consequential Loss Policy
Hull Insurance
MASTER OF BUSINESS ADMINISTRATION
(MBAMAFCD
Term-End Examination
00052
December, 2016
MCNE-071 RiSk MANAGEMENT AND INSURANCE
Time hours Maximum Marks: 100
Note: Attempt any five questions. All questions carry equal marks.
1. Explain the following principles of insurance with suitable examples: 4x5=20
Principle of Subrogation
Principle of Loss Minimisation
Principle of Causa Proxima
Principle of Uberrimae Fidei
2. What purpose does marine insurance serve Explain the different types of marine policies, which may be of use to the exporters and importers.
3. "The Insurance Act, 1938 can be called as the pioneer in insurance business." Explain.
Briefly discuss the functions and powers of IRDA. 10+10=20
4. Explain the different types of risks with their examples. Briefly state the types of risks which are covered by
Motor vehicles insurance
Fidelity insurance 20
5. What do you mean by "Assignment of Policy" Indicate the manner in which a marine policy can be assigned. 20
6. Explain the underwriting process in case of Life Insurance.
How are the maturity and death claims settled by the Life Insurance companies 10+10=20
7. What would be the status of the claim if the vehicle were covered under liability policy?
What is the claim settlement procedure followed for a fire insurance policy? 10+10=20
8. Write short notes on any four of the following: 4x5=20
Insurance Pricing
Reinsurance
Rural Insurance
Underwriting
Consequential Loss Policy
Hull Insurance
Other Question Papers
Departments
- Centre for Corporate Education, Training & Consultancy (CCETC)
- Centre for Corporate Education, Training & Consultancy (CCETC)
- National Centre for Disability Studies (NCDS)
- School of Agriculture (SOA)
- School of Computer and Information Sciences (SOCIS)
- School of Continuing Education (SOCE)
- School of Education (SOE)
- School of Engineering & Technology (SOET)
- School of Extension and Development Studies (SOEDS)
- School of Foreign Languages (SOFL)
- School of Gender Development Studies(SOGDS)
- School of Health Science (SOHS)
- School of Humanities (SOH)
- School of Interdisciplinary and Trans-Disciplinary Studies (SOITDS)
- School of Journalism and New Media Studies (SOJNMS)
- School of Law (SOL)
- School of Management Studies (SOMS)
- School of Performing Arts and Visual Arts (SOPVA)
- School of Performing Arts and Visual Arts(SOPVA)
- School of Sciences (SOS)
- School of Social Sciences (SOSS)
- School of Social Work (SOSW)
- School of Tourism & Hospitality Service Sectoral SOMS (SOTHSM)
- School of Tourism &Hospitality Service Sectoral SOMS (SOTHSSM)
- School of Translation Studies and Training (SOTST)
- School of Vocational Education and Training (SOVET)
- Staff Training & Research in Distance Education (STRIDE)
Subjects
- Advanced Financial Accounting And Reporting
- Analysis Of Financial Accounts And External Reporting
- Cost Planning And Analysis For Competitive Advantage
- International Financial Management
- Management Control Systems
- Project-Financial-Appraisal And Management
- Risk Management And Insurance