CS/BIRM/SEM-5/BIRM-502/2011-12
2011
INTRODUCTION TO INSURANCE & INSURANCE INDUSTRY
Time Allotted : 3 Hours Full Marks : 70
The figures in the margin indicate full marks.
Candidates are required to give their answers in their own words
as far as practicable.
GROUP – A
( Multiple Choice Type Questions )
1. Choose the correct alternatives for any ten of the following :
10X1 = 10
i) Which of the following would amount to an
unenforceable contract ?
a) Where there is infringement on legality of the object
b) Where an agreement is tainted with moral turpitude
c) Where a promise has been obtained by coercion
d) A time-barred debt.
ii) In which of the following pair of persons does insurable
interest not exist ?
a) husband-wife b) Parent-child
c) Employer-employee d) Creditor-debtor.
iii) In which of the following cases is the principle of
indemnity is not applicable ?
a) Health insurance b) Life insurance
c) Non-life insurance d) Both (a) and (c).
iv) Which of the following would lead to lapse of an offer ?
a) Non-acceptance in the prescribed manner