Guru Gobind Singh Indraprastha Vishwavidyalaya 2005 B.B.A Insurance Business Environment in India - Question Paper

END-TERM exam
4th SEMESTER [BBA(B&I)] - MAY 2005
Paper Code: BBA(B&I) 202 Subject: Insurance Business Environment in India
Time : three Hours
Note : Attempt any 5 ques.. All ques. carry equal marks.

Q.1 How Life Insurance Business in India has evolved over a span of liberalized
era to controlled era and then again to liberalized era. Trace the change in
role of government in the past and also latest development in the insurance
sector.

Q.2 explain the objectives of IRDA. Enumerate the duties and powers of
IRDA. Has IRDA achieved its objectives?
Q.3 discuss principles of evaluation of unexpired risk. Also state relevant
accounting standards notified by the Institute of Charted Accountants of
India.

Q.4 discuss & illustrate the strength & weakness of insurance intermediaries
in India. explain multiplication of distribution channels and its impact on
the aforesaid.

Q.5 How performance of insurance industry in liberalization era in based on
effective management and collaborating with other professions? explain
the role of IRDA in this regard.

Q.6 discuss the procedure for starting a life and general insurance business in
India. Is it essential for a foreign insurance company to join hands with an
Indian Company to start operations?

Q.7 explain the role and importance of insurance in the economic development
of a country to be India.

Q.8 Write short notes on any 3 of the following:
(a) Market Segmentation of Life Insurance
(b) Role of Technology in Insurance
(c) New Product Innovations
(d) Grievance Redressal System in Insurance Sector.

Earning:   Approval pending.