1. The document is an exam for a Principles of Insurance course, divided into two sections.
2. Section A contains short answer questions about topics like reinsurance, the principle of indemnity, types of risk, health insurance, and annuity calculations.
3. Section B contains two essay questions, one asking to differentiate between general and life insurance or describe the insurance market constituents, and another exploring the role of insurance in economic development or various principles of insurance.
1. The document is an exam for a Principles of Insurance course, divided into two sections.
2. Section A contains short answer questions about topics like reinsurance, the principle of indemnity, types of risk, health insurance, and annuity calculations.
3. Section B contains two essay questions, one asking to differentiate between general and life insurance or describe the insurance market constituents, and another exploring the role of insurance in economic development or various principles of insurance.
1. The document is an exam for a Principles of Insurance course, divided into two sections.
2. Section A contains short answer questions about topics like reinsurance, the principle of indemnity, types of risk, health insurance, and annuity calculations.
3. Section B contains two essay questions, one asking to differentiate between general and life insurance or describe the insurance market constituents, and another exploring the role of insurance in economic development or various principles of insurance.
B.Com. (III Semester) Examination PRINCIPLES OF INSURANCE (Skill Enhancement Course-1 (a)) (New) Tim e : 2 Hours] [Max. Marks : 40
Section A - (Marks : 4 >'. 4 = 16)
(Short Answer Questions,
1. Answer any four of the following :
(a) Define reinsurance. (b) What is principle of indemnity? (c) Explain various types of risk. (d) What is health insurance? / ( e) How do you calculat ~ Cll1lluity ,'11110lll1() (f) What is consumer buying behaviour?
Section B - (Marks: 2 x 12 = 24)
(Essay Type Questions) 2. Answer all qu stions: (a) Ditlerenti Llte general insurance and life insurance. Or (b) Write about the constituents of insurance market.
3. ta) Discuss the role of insurance in economic development.