Jagannath University

Faculty of Business Studies

Department of Accounting & Information Systems

Course Name: “Theory & Practices of Banking & Insurance”

Course Code: ACCT-2202

Submitted To:
Dr. Md. Shakhawat Hossain
Associate Professor
Accounting & Information Systems
Jagannath University, Dhaka

Submitted By:
Name: Rabbi Ul Alam
ID: B-180201116
Accounting & Information Systems
Jagannath University, Dhaka

Date of submission: 30th November, 2021

Q. What Is Bank Loan? Wright down the classification of bank loan?
Answer:
The term loan refers to a type of credit vehicle in which a sum of money is lent to another party
in exchange for future repayment of the value or principal amount. In many cases, the lender
also adds interest and/or finance charges to the principal value which the borrower must repay
in addition to the principal balance. Loans may be for a specific, one-time amount, or they may
be available as an open-ended line of credit up to a specified limit.
Bank Loan is an amount of money loaned at interest by a bank to a borrower, usually on
collateral security, for a certain period of time.
Classifications of Bank loan is generally based on 3 types:
1. Based on User
2. Based On Periodically
3. Based on Security

i) Classifications based on Users:

A. Individual Loan:
1. Consumer Loan
2. Housing Loan
3. Educations /Medical or other Loan
B. Industrial Loan:
1. Working Capital Loan
2. Fixed Capital loan
C. Loans for Business persons:
1. Working Capital Loan
2. Export-Import Loan
D. Loans for Farmer:
1. Crop Loan
2. Non-Crop Loan
3. Farming Equipment Loan
E. Loan for Landless people:
1. Small Business Loan
2. Housing Loan
3. Medical Loan

ii) Classifications based on term/periodically:

1. Short-term
2. Medium term
3. Long term
iii) Classifications based on security:
 1. Unsecured Loan
2. Fully secured Loan
3. Partly secured Loan

Q. Explain the internal and external factors which determine the level of
deposit?
Answer:
Factor Determining the Level of Deposits are two types:
1. Internal Factors
2. External Factors

Internal Factors includes:

1. Quality of bank personal: If the personnel of a bank utilize their knowledge and
experience properly, depositors will certainly be satisfied with them.
2. Diversified Services: At present, banking business are very much competitive, if the
bank takes initiative to important attractive products both for the deposit and loans by
newer & acceptable projects, the volume of deposit will increase.
3. Public Confidence: Deposit want to deal with such a bank that is our worthy of
confidence, reliable and accepted by all.
4. Interest Rate: There are different type of deposit in a bank. Bank provide certain rate
of interest on that deposit amount. Interest rate may increase or decrease at the end of
the time. Public will be interested to deposit their money if interest rate is high.

External Factors includes:

1. State of the national economy: Bank deposit id related with economic condition of a
country. If the economic condition is good, volume of deposit will increase and if it is
bad, the reverse effect will occur.
2. Characteristics of local economy: The volume of deposit depends on the location
where the bank or its branches are situated. If the region, where the bank is established,
is economically sound then the volume of deposit will increase.
3. Role of government with community: If the government takes initiatives to develop
economic condition by developing and implementing community projects, income of the
people will rise thereby increasing the level of deposit of the bank.
4. Relative Changes in Population: If the population is smaller in size, the number of
transaction will be lower. On the other hand, If the population size is relatively larger,
the number of transactions will definitely be higher
Q. Define the fire insurance contract. What are the difference between valued
policy and unvalued policy of fire insurance contract?
Answer:

The term fire insurance refers to a form of property insurance that covers damage and losses
caused by fire. Most policies come with some form of fire protection, but homeowners may be
able to purchase additional coverage in case their property is lost or damaged because of fire.
Purchasing additional fire coverage helps to cover the cost of replacement, repair, or
reconstruction of property above the limit set by the property insurance policy.  Fire insurance
policies typically contain general exclusions such as war, nuclear risks, and similar perils.

Difference between valued policy and unvalued policy of fire insurance contract:
Valued policy Unvalued policy
1. A valued policy is a policy in which 1. An unvalued policy is a policy which
the insurer agrees in advanced on the does not specify the value of the
subject matter insured. subject matter insured.

2. It shall be conclusively takes as the 2. It is subject to the limit of the sum

value of the subject matter when it is insured.
damaged.
3. It leave the insurable value to be
ascertained by specified means in
3. In this policy, the measure of advanced.
indemnity is based on the value of
properties rather than on the market
values of the property destroyed.

Jagannath University
 Faculty of Business Studies

Department of Accounting & Information Systems

Title: Performance Evaluation of
“Jamuna Oil Company Limited”

Course Name: “Audit And Assurance”

Course Code: ACCT-3104

Submitted To:
Mazeda Sultana
Assistant Professor
Department of Accounting & Information systems.
Jagannath University, Dhaka
Submitted By:
Name: ID:
Md. Riyadul Hossain B-180201102
Jannatul Adnan B-180201103
Rabbi-Ul-Alam B-180201116
Md. Redwan Hossain B-180201128
Faria Afreen Haque B-180201135
Humayra Bilqis B-180201153
Submission Date: