GOVERNMENT ARTS AND SCIENCE COLLEGE , MODAKKURICHI

DEPARTMENT OF COMMERCE CA

CIA - 2
BANKING &INSURANCE LAW

TIME : 2 HRS DATE : 19.9.2023

CLASS: III B. COM CA A &B MARK:30

SECTION A 6×1=6

1. Which of the following Negotiable Instrument Act , 1881 describes about "
Endorsement "?

a) Section 4 b) Section 13
c) Section 7 d) Section 15

2. Which among the following is NOT included in negotiable instrument?

a) Cheque b) Demand draft
c) Promissiory note d) Mutual fund

3. A Bill of exchange is ____

a) A conditional order to pay b) An unconditional order to pay
c) A conditional promise to pay d) An unconditional order to pay

4. Indian the insurance Act was enacted

a) 1948 b) 1971
c) 1881 d) 1938

5. Which of the following insurance contract is not based on the principle of indemnity?
a) Fire Insurance b) Marine Insurance
c) Life Insurance d) Social Insurance

6. Marine Insurance Act

a) 1988 b) 1823
c) 1963 d) 1973
 SECTION B 3×3 =9

ANSWER THE ALL QUESTION

1. Define of negotiable instruments And mention the main Features.

2. What is material alteration?
3. Functions of Insurance?

SECTION C 3×5=15

ANSWER THE ALL QUESTION

1. Explain the different kinds of endorsements.

2. Principles of Insurance explain.
3. Classification of insurance?

ALL THE BEST