Friday, 12 September 2014

Assignment: Chapter : Business services: Class XI



Q:1 Differentiate between Fixed Deposit account and a Recurring Deposit Account?
Q:2 What is a multiple option deposit account?
Q:3 What are the differences between RTGS and NEFT?
Q:4 Which type of bank account provides maximum rate of interest and why?
Q:5 What is a Bank Draft?
Q:6 What are the two functions of Insurance?
Q:7 Contract of indemnity is not applicable in case of which type of insurance?
Q:8 Ramesh took a life insurance policy in the name of his wife. After one year, the couple got divorced but Ramesh continued to pay the premium. Is Ramesh worthy of getting money on the death of his wife from the insurance company?
Q:9 In all types of insurance, inured must have insurable interest both at the time of insurance and at the time of loss. Do you agree?
Q:10 How is life insurance both a protection and an investment?
Q:12 Which type of insurance is not a contract of indemnity?
Q:13 Which principle of insurance entitles the insurer to recover the proportionate contribution from the other insurers?
Q:14 On the basis of which principle the insurer can take over the damaged goods after paying the compensation?
Q:15 A person did not disclose the heart disease while taking a life insurance policy. Which principle of insurance is voilated ?
Q:16What are the various functions performed by insurance?
Q:17 Is life insurance benefit  applicable in case the person commiting suicide?

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